Neally all the projects are waiting for better market situation. But many crypto startups continuer to use their own money not to stop the development.
If we talk about the absolute majority, most projects do not have the funds to continue development. That is why there is a crypto startup crisis.
Now even large projects reduce the working staff, because there is not enough funding. But this is a good time, because there will be a natural selection, and there will be only real projects that benefit in General for the crypto industry.