Just depends on the kind of thing you are working on. For many people you could use dynamic all over, no problem. For many people that would be a disaster. (super high throughput server, things that need super low latency, games, rendering, libraries that could be used in any of those domains)
It is just ‘faster’ for people to dump JSON into dynamic and write against that than it is to properly create structured classes. In the end ofcourse the unittests validate the JSON, the code is slow and harder to use and refactor; you would have saved time and stress actually just writing classes with proper typing.
I find it makes most (but not all) code more readable, particularly given that we have great IDEs/tooling in the .NET world.