According to CoinMeta, the "Large Model Token Service Performance Monitoring Report (2026)" recently released by the China Academy of Information and Communications Technology shows that token services have seen a rise in both volume and price. In particular, the price of tokens in China has doubled compared to the second half of last year, with the average daily consumption increasing by three times. In June 2026, the average daily consumption of tokens in China was approximately 500 trillion, which is nearly four times that of December 2025. After two years of price competition, the prices of model services both domestically and internationally have significantly increased in 2026. The normalized average price rose from 6.8 yuan in the second half of 2025 to 13.46 yuan this year, an increase of nearly double. However, foreign prices are still significantly higher than those in China, with the average normalized price of typical models released since 2026 being around 117.8 yuan.