Demand for tokens is experiencing explosive growth, with four concept stocks doubling in price this year.

Recently, the "Research Report on AI Infrastructure Development in the Agent Era" released by the China Telecom Research Institute shows that as the focus of AI industry development shifts from large models and computing power competition to the large-scale deployment of agents and application monetization, China's demand for tokens has shown explosive growth. A local race around the "token economy" has quietly begun. Some listed companies in the A-share market have also positioned themselves in the token economy industry. In terms of stock price performance, according to statistics from Securities Times DataBao, as of the close on September 11, 11 token economy concept stocks have risen in price this year, among which Xingyun Technology, Hongjing Technology, Xiangjiang Holdings, and Xiechuang Data have doubled in cumulative gains. In terms of trading activity, according to DataBao statistics, as of the close on September 11, 7 token economy concept stocks saw month-on-month growth in average daily turnover since September, including Yitian Smart, North Long Dragon, Changshan Beiming, Wanxing Technology, Aikelan, Wasu Media, and Xiangjiang Holdings. Yitian Smart's average daily turnover since September was 640 million yuan, up 81.01% month-on-month, ranking first.