Let me give everyone a quick overview of the common counting units used on exchanges—especially since many new users may feel a bit confused the first time they see these letters.

In fact, the most common units on exchanges are K, M, E, B, and T. First, the most basic: 1K means 1000, which most people should already know. Then, 1M represents 1 million, which is especially common when viewing the trading pair’s trading volume or liquidity. If you see 1E, that means 100 million. Moving up, 1B is 1 billion, and finally, 1T represents 1 trillion.

These units are used particularly often when you’re watching charts and order-book data on an exchange. For example, when you look at a certain trading pair’s 24-hour trading volume, it might be shown using the 1M unit; and when you look at the exchange’s overall average daily trading volume, you may need 1B or even 1T. In particular, the 1M unit appears most frequently when viewing data for mid-sized projects.

Understanding these counting units is still quite important for beginners, otherwise it’s easy to get the numbers mixed up sometimes. Next time you view market data on Gate or other exchanges, remember these conversion relationships, and you’ll be able to understand various market data more quickly.