Update for May and part of June.

There has been again a growth of small OP_RETURN transactions. Big OP_RETURNs were stagnant. There were 3.4 million
inscriptions OP_RETURN transactions, of those only about 43,500 were larger than 83 bytes.
As expected a lot of these transactions are Runes:

In late April there was a a small peak of 84,000 >83 kB OP_RETURN transactions in a week. However, that was not even close to the record since the introduction of Ordinals, that was still a single week in July 2025 with around 150,000 transactions of this size.
Ordinals seem to be completely dying:


Source:
https://dune.com/queries/2181569/35741421.4 MB of Ordinals in a complete week is literally nothing. In most of 2024-2025, 10-40 MB were common, with peaks up to 80MB in 2023 and 2025. The average size was 425 bytes, which is typical for BRC-20, not for image inscriptions.
Conclusion:
- Ordinals are probably at the end of their relevant life.
- BRC-20 still exists but is dying too.
- Runes have a little surge, but it's still significantly less than the Runes boom in 2024.