It's entirely feasible that all incoming requests will hit a single node and stay there.
Still, hitting multiple microservices in a single request will have an overhead when marshalling all the http requests and whatnot.
That being said, there was genuinely need for microservices, to an extent. A bank's architecture is very different from a CRUD web app. Most of the code running wasn't servicing synchronous HTTP requests, but was doing batch or asynchronous work related (usually at two or three degrees of separation) to card payments, transfers, various kinds of fraud prevention, onboarding (which was an absolutely colossal edifice, very very different from ordinary SaaS onboarding), etc.
So we'd have had lots of daemons and crons in any case. And, to be fair, we started on Kubernetes before it was super-trendy and easy to deploy - it very much wasn't the 'default' choice, and we had to do a lot of very fundamental work ourselves.
But yeah, in my view we took it too far, out of ideological fervour. Dozens of - or at most a hundred-ish - microservices would have been the sweet spot. Your architectural structure doesn't need to be isomorphic to your code or team structure.
One of our engineering principals is to avoid premature optimisation, which is possibly one of the reasons our architecture has grown in this way. So far, whenever we've needed to fix a performance issue we've been able to solve it locally rather than change the architecture.
At the business level, we've been optimising for growth rather than costs, but this could change in the future, at which point we may need to reconsider our architecture. But for now it's working for us.