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Call Volume Growth Exceeds 1000x! Token-Related Concept Stocks Overview
Token concept showed strong performance on March 25, with the sector’s leading stocks including Litong Electronics hitting the daily limit, Halo New Network soaring over 17%, and other stocks like Dongfang Guoxin, Xiechuang Data, and Aofei Data also rising significantly.
Recently, at the China Development High-Level Forum 2026 Annual Meeting, Liu Liehong, Director of the National Data Bureau, stated that tokens are not only the value anchor of the intelligent era but also the “settlement units” connecting technological supply and commercial demand, providing quantifiable possibilities for the implementation of business models. Liu pointed out that at the beginning of 2024, China’s daily token call volume was 100 billion; by the end of 2025, it surged to 100 trillion; in March this year, it exceeded 140 trillion, a growth of over a thousand times in two years.
Previously, Jensen Huang also expressed optimistic expectations for the token economy. He believes that computers are now beginning to transform into revenue-generating “factories,” producing tokens that people are willing to consume, which are highly attractive and valuable to different audiences.
Major companies are actively布局ing the token economy. Within tech giants like Meta and OpenAI, internal rankings of employee token consumption have appeared. Alibaba officially established the Alibaba Token Hub (ATH) business group on March 16, focusing on “creating tokens, transferring tokens, and applying tokens.”
Open Source Securities stated, “Token = AI chips (domestic computing power + computing power leasing) = AIDC.” As tokens continue to grow, CDN demand is also expected to increase significantly, emphasizing three core lines: AIDC, computing power leasing, and CDN.
In terms of stocks, AIDC data centers (Halo New Network, Aofei Data, Runze Technology, etc.); AIDC power supply (Zhongheng Electric, Kehua Data, Ketai Power, etc.); computing power leasing (Xiechuang Data, Hongjing Technology, Capital Online, etc.); and CDN (Wangsu Technology, etc.) have attracted considerable market attention.
(Source: Oriental Fortune Research Center)