Element's total NFT transaction volume exceeded OpenSea for the first time yesterday, and the cumulative transaction volume in the past 100 days exceeded 1 million times

According to ChainCatcher, NFTscan data shows that in the past three months, the multi-chain NFT market Element has accumulated more than 1 million transactions and more than 800,000 wallet addresses. In addition, NFTscan data yesterday showed that the number of Element's full-chain transactions exceeded OpenSea for the first time.

In the past three months, the Element market has successively integrated four second-layer networks including zkSync, Base, Linea and opBNB, and launched the Bitcoin Ordinals protocol market. It currently supports ten public chains.

It is reported that Element was founded in May 2021 and has received US$11.5 million in investment from multiple institutions including Sequoia, SIG and Dragonfly Capital. The market has attracted attention from the NFT market due to its features such as low gas, bulk purchases and pending orders, order aggregation, multi-chain integration and Launchpad services.