It's normal.
I don't surprise with the fact because they will mostly abandon by their teams.
Or weakly survials; and such survivals don't make sense for both the projects and investors.
You will be surprised over the course of the next 12 to 24 months how many of the currently existing projects will have completely disappeared.
The quality of many teams simply has been too low. Too many amateurs joined crypto and thought they can produce revolutionary results.