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/1511365325950005252Staking 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.
Staking is popular when cryptocurrency market rise, but when cryptocurrency market falls there is now reasons for staking because the fall of the price of tokens do not compensate the profit from staking.