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/1511365325950005252Competition between the cryptocurrency projects is big because there is demand in such projects and a lot of new projects appear.
A lot of new projects appear when cryptocurrency market rise but when market falls the deman in cryptoassets is not so high. During the fall of the market people lose their interest in cryptocurrency.