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 makes sense when cryptocurrency market rise and thanks staking it is possible to increase profit from investments.
But when cryptocurrency market falls the popularity of staking falls too.
The opportunity to earn passive income attracts a lot of money to staking. But staking is popular when market rise, when market falls the profit from staking does not compensate the loses from the fall of the market and staking becomes not popular.