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 it alow to earn money.
It happens when cryptocurrency market rise. But when market falls the profit from staking does not cover the loses from fall of the market.
Staking allows to earn passive income on holding tokens. It is very popular during the rise of the market.
But after the rise of the market will be a fall of the market and staking will not be so popular.