This year, besides the surge in hackers, a significant number of projects have also collapsed. It happens almost daily. For example, Polychain has 212 projects, with 65 ceasing operations, a rate exceeding 31%. This can only be considered average. A closer look reveals that the well-known a16z has invested in 189 projects, with 54 ceasing operations, a rate of 28.57%. This is currently considered above average. Its subsidiary, a16z CSX, has invested in 35 projects, with 3 ceasing operations! Even more alarming is GBV Capital, with 189 projects and 123 ceasing operations, a rate exceeding 65%. This isn't the highest figure, however. A large number of projects are on the verge of shutting down. This situation has severely impacted many VCs, with some disappearing and others ceasing operations. Now, all they can do is wait for things to improve!