Will all versions (older and latest) of the REST Admin API stop working after February 1, 2025?

One of our vendors is calling some REST 2024-07 APIs (Product, Variant, Inventory, Orders, and Fulfilments).

My question is: Will their middleware (Node.js) stop working if they don’t migrate to GraphQL?
Or, which Shopify REST API should be prioritized for migration to GraphQL first?