Many beginners get confused by these abbreviations when looking at charts on exchanges. I was also completely clueless when I first started. Today, I’ll clarify these units for everyone—they’re actually very simple.

Let’s start with the most common ones. 1K means 1k, which everyone should know. If you see a trading volume marked as 1K on an exchange for a certain coin, it means the trading volume is 1k. But how much is 1K worth? That depends on the specific coin. For example, a coin with a 1K trading volume might only be a few thousand RMB.

Next is 1M, which stands for 1 million. 1E means 100 million. Going higher, 1B represents 1 billion. The largest is 1T, which is 1 trillion, or 1k billion.

Honestly, when I first encountered these units, it was easy to get confused because the relationship between the letters and numbers isn’t very intuitive. But after using them for a while, it becomes natural. Especially when looking at market data, you can quickly judge whether a project’s market cap or trading volume is in the thousands, millions, or billions, which helps you understand the market situation at a glance.

So next time you see these markers on Gate or other exchanges, just remember: K = thousand, M = million, E = hundred million, B = billion, T = trillion. Master these basic units, and you’ll save a lot of detours when analyzing the market.