Riptide TechFlow News: On March 23, according to the Shanghai Securities News, Liu Liehong, director of the National Data Administration, stated at the China Development Forum 2026 Annual Conference on March 23 that China's daily average Token call volume has exceeded 1.4 trillion in March this year, representing more than a thousandfold increase compared to 100 billion at the beginning of 2024 over the two-year period.

Liu Liehong pointed out that Tokens are the smallest unit for large language models to process information, with characteristics of measurability, pricing, and tradability. Around Token calls, distribution, and settlement, a new value system is rapidly taking shape, becoming an important path for monetization in the artificial intelligence industry. He also noted that as China deepens market-oriented allocation reforms of data as a factor of production, a virtuous cycle of "data supply—value release" is beginning to emerge.