If you look at categories outside of Play2Earn, Gaming, and Metaverse, you see that DeFi has been flat and falling for a long time, blockchains have slowed their growth, and some have already fallen decently.
Everything has a time to survive and fall and some will also be able to get back up at a later time as long as their development has not stopped, because all projects always have basic concepts that their respective teams must always consider.