This is the 9333rd most frequent Russian word.
существуют
"Exist."
Here, 'существуют' refers to the existence of animals, indicating they exist as part of the world.
На свете существуют разные виды животных.
There exist different kinds of animals in the world.
In this sentence, 'существуют' is used in a question form to inquire about the presence or existence of solutions to a specific problem.
Существуют ли решения этой проблемы?
Do solutions to this problem exist?
Here, 'существуют' conveys the idea that the traditions are perceived as no longer existing or being followed in the current time.