Gate News: On March 23, Liu Liehong, Director of the National Data Administration, stated at the China Development High-Level Forum 2026 Annual Meeting that this year, China’s daily token call volume has exceeded 140 trillion, more than a thousand times the 100 billion at the beginning of 2024. Liu Liehong pointed out that tokens are the smallest units for processing information in large models, with features that are measurable, tradable, and priceable. A new value system centered around token calls, distribution, and settlement is accelerating formation, becoming an important pathway for monetizing the artificial intelligence industry. He also mentioned that as China’s data element market reform deepens, a virtuous cycle of “data supply—value release” has begun to take shape.
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