Recently, I found that many beginners get confused by these units when looking at charts on exchanges, so I’ll briefly organize it here.

The counting units on exchanges are actually just the positional notation in mathematics. Mastering this logic makes reading candlestick charts much easier. Starting from the smallest, 1K represents 1k, which is the thousands place. Then 1M equals 1 million, the millions place. Next is 1E, representing 100 million, the hundreds of millions place. 1B is 1 billion, the billions place. Finally, 1T is 1 trillion (10^12), which is the most commonly used large unit.

For example, if you see a project’s market cap as 5E, that means 500 million. If the trading volume shows 2T, that’s 2 trillion. Many people ask how much 1T is worth; actually, T is just a quantity unit. The actual value depends on what asset the T is attached to. For instance, 1T of a certain coin multiplied by its unit price is the real amount.

On exchanges like Gate, you often see these labels on trend charts, especially when looking at total market cap, trading volume, or holdings. Being familiar with this unit conversion allows you to quickly judge the scale of the data, avoiding being scared by large numbers or missing key information. These basic concepts seem simple, but they are quite important for beginners.