According to CoinMeta, the China Telecom Research Institute officially released the "Agent Era AI Infrastructure Development Research Report (2026)." The report systematically explains the strategic shift of China's AI industry from a "large model and computing power competition" to "large-scale implementation of agents and monetization of applications." The report predicts that China's consumption of token (term) will reach 10 billion billion in 2026, exceed 3500 billion billion by 2030, with a total growth of 350 times over the four years from 2026 to 2030, and an annual compound growth rate of about 333%. In terms of computing power demand, the explosion of agents will drive a continuous high-speed growth in China's computing power demand. It is estimated that in the next 2 to 3 years, China's computing power demand will grow nearly 10 times per year on average. The demand for inference computing power is expected to far exceed that for training computing power, and it is predicted that by 2029, the market share of inference computing power in China will reach 80%.