Eight high-profile blockchain projects, once backed by leading venture capital firms, have seen their token prices drop by over 90% following the recent bull run. The projects include Internet Computer (ICP), Fuel Network (FUEL), Dymension (DYM), Flow (FLOW), Yield Protocol, Notional Finance (NOTE), DerivaDAO (DDX), and Eclipse (ES). Despite initial funding and enthusiasm, these projects struggled with execution, demand, and competition, underscoring the need for sustainable business models and genuine user adoption.