Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this
https://twitter.com/InpulseX_io/status/1511365325950005252Many people use staking because staking of profitable and allow to earn passive income.
But not all staking projects are profitable and it is important to carefully choose the projects for staking.
Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.