Layer 2 Scaling: Roll-Ups Gaining Traction

Layer 2 solutions, specifically roll-ups, are gaining more traction and adoption in the crypto space. Major corporations are signing on to these solutions, and applications are deploying at scale. Marketplaces like Magic Eden, OKEx, and Binance are becoming dominant players. Notably, Yuga Labs, the creator of the popular 12-fold collection, has embraced roll-ups and launched a scavenger hunt using ordinals. Although the NFT market is currently in a bearish state, roll-ups are still seeing volume and excitement. Infrastructure development is progressing, and upgrades like recursions and re-inscriptions are being explored to enhance functionality.