Significance We present time-anchored elemental abundance data for some of the Solar System’s first solids by tracking Pb−Pb dated chondrule compositions. Volatile element contents generally rise, while redox conditions (based on chondrule Mn/Na ratios) decline beginning ∼1 My after Solar System formation (∼4,567 Ma). These results reflect a continued rise in volatile element contents and their fugacities during chondrule recycling, and early water influx to the inner Solar System followed by its express removal. These observations support the early formation of Mars under oxidizing condition and Earth’s protracted growth under more reducing conditions in an environment increasing in volatile contents with time, while also calling into question the coupling of water and volatile elements during Solar System evolution.