It does make sense because OneDrive, iCloud and Google Drive are tie-in services. If you use Microsoft 365 / Apple / Android you are “forced” to use them to gain access to certain features, meaning there is no competitive pressure.
It doesn't matter if you're just syncing a bunch of small files (code, documents, images) but can make a big difference in bigger files (compressed archives, large media assets, etc.)
I don't want to pay for two file storage systems though and the 3 host limit on Dropbox is a shame. Without it they'd be all but guaranteed to lock me in and I would (gladly) start paying again in a year or so for more space.
Instead I switched to syncthing, which is great but not as nice.
A “refuse” to “upgrade” to the fileprovider version, as I don’t want stupid&slow functionality like iCloud Drive.