ChainThink reports that in March, according to the China National Data Bureau as cited by the People's Daily, China's daily average token usage has exceeded 140 trillion.
At the beginning of 2024, this figure stood at $100 billion; by the end of 2025, it had surged to $10 quadrillion; in March this year, it surpassed $14 quadrillion, representing more than a thousandfold increase over two years.
Tokens are the smallest units of information processed by large models, characterized by their measurability, pricing, and tradability in the intelligent era. As reforms advance the market-based allocation of data elements, systems for invoking, distributing, and settling tokens are rapidly taking shape.
