Commentary: The Token Economy Is Here, and It Will Reshape Business

Investors are deeply divided over whether the AI boom is a bubble or a generational opportunity. To answer this, we must look past market fluctuations and focus on a new metric of economic vitality: the token.

Today, token consumption is up more than tenfold compared with last year. This is a clear signal of real demand. Tokens are no longer just a measure of computing power; they are the new currency of intellectual output, integrating electricity, computing capacity and model intelligence into a quantifiable unit of digital brainpower.