Bitcoin Ordinals Hit Setback as Ord.io Explorer and Zap Shut Down June 1

Bitcoin Ordinals explorer Ord.io and trading app Zap will shut down on June 1, 2026, after creators cited running out of funding following three years of service to over 1 million users. Ord.io plans to archive data like upvotes and profiles to GitHub and welcomes takeovers, while Zap achieved 30-second onboarding but lacked traction; users must export private keys to Phantom. The closures underscore cooling Ordinals/Runes momentum—Runes fees peaked at $135 million post-2024 halving but fell sharply, with May 2024 showing only two high-fee days in 12—amid OKX's 50% volume rise and Binance's support halt, spurring migration to Gamma.io and Ordinals.com.