Versus just being able ace through leetcode problems - that's a more objective criteria a candidate has more control over.
Personal anecdote. I interviewed at a FAANG, got rejected. They actually offered feedback, and one of the key reasons I apparently got rejected was that "I asked too many (clarifying) questions" about the leetcode problem.
Fast forward a year, I retry. I take the above feedback to heart, and refrain from asking too many questions. I get rejected again, and given feedback. One of the reasons given? "I asked too few questions".