Too Long; Didn't Read
A study by Telstra Ventures, a global VC, analyzed 1,000 active organizations contributing to more than 30,000 open source Web3 projects. There’s been a decline in development since its peak in November 2021, sure, but it's not proportional to the decrease in price. A lot of projects will die, some teams will not be able to stand the pressure, others will see their VC funding dry. The study limited itself to three leading blockchains in the Web3 ecosystem, Bitcoin, Ethereum and Solana.