TechFlow news, according to NFTscan data, over the past three months, the cross-chain NFT marketplace Element has recorded over 1 million transactions with wallet addresses surpassing 800,000. In addition, NFTscan's data from yesterday showed that Element's total cross-chain transaction volume surpassed OpenSea for the first time.
Over the past three months, the Element marketplace has successively integrated four Layer-2 networks—zkSync, Base, Linea, and opBNB—and launched a marketplace for Bitcoin's Ordinals protocol, bringing its supported blockchains to ten.
Founded in May 2021, Element has raised $11.5 million in funding from prominent institutions including Sequoia, SIG, and Dragonfly Capital. The platform has drawn significant attention in the NFT market due to its features such as low gas fees, batch purchasing and listing, order aggregation, multi-chain integration, and Launchpad services.
