These are the Day 2 results from the Final Fantasy Pro Tour. Top 8 is all red aggro decks. The absolute state of Standard.
Standard is dead and it's not coming back. Not because of this Pro Tour or anything, but just because it has no reason to exist as a format anymore.
See, for the longest time, Standard was the format you played not because you wanted to, but because it was the format everyone else played*. FNM was Standard, most PTs and their associated PTQ seasons were Standard, most GPs were Standard, Nationals/Regionals were Standard, and so on - if you wanted to play Magic in an LGS, you needed to have a Standard deck. But by the end of the 2010s, that was starting to change: Modern was displacing Standard as the format of choice for serious competitive players, and EDH was displacing Standard as the format of choice for casual players. Then, a bunch of things happened in rapid succession:
1) FIRE Design started;
2) Eldraine kicked off a run of busted sets;
3) The pandemic shut down the in-person play ecosystem that supported Standard;
4) WotC killed its competitive scene to chase e-sports dreams with Arena.
All of this killed Standard dead. Now, EDH is the default way to play Magic, and a lot of players will go their entire time in the game without ever once touching Standard. Competitive play is on life support and it's way harder to make money or grind the way you could back in the tournament circuit heyday. I doubt Wizards is even testing for Standard during set development anymore; they clearly missed that Monstrous Rage was one of the best pump spells ever printed, which is why they've been printing cards like CSC and the Mice package. Even if they are testing the format, it's not worth it financially to them to put too much effort in, since EDH is the main driver of product sales now and you don't have to test that at all.
*
Even when people defended Standard, they tended to defend a particular
Standard - I myself love the CHK-RAV and RAV-TSP Standards, but I wouldn't touch the modern version with a ten mile pole. Most players always seemed to be one set away from dropping out of the format, whether because their favorite deck rotated or the meta shifted to something they didn't like.