It was common ten years ago. It was still possible in 2015 or so, at least in "B-round startups". I was still asked about my relevant previous experience. In hindsight, I believe people like me who ended up in companies like that were already trading down significantly. Or I have never been as smart as I thought.
My experience in the last year or so categorically states that leetcoding is the only game in town in CA. I hate it, I am bad at it, I find it humiliating and irrelevant. I was told by Asian teenagers that I am not good at coding after 20 years building software. I have failed multiple interviews because of dynamic programming&Co even at companies where I had a decade of highly relevant experience. Nobody ever wanted to hire me for my production experience with all of Scala/Kotlin/Java even though I routinely meet companies where they don't use Scala/Kotlin because of hiring difficulties.
It's just the way it is nowadays. The world is getting progressively crazy. If you're in a position to not accept such interviews I envy you big time. I don't see it happening even in smaller (i.e. not-FAANG compensation) companies though. Some European/remote companies occasionally give you a home coding challenge. But they are an exception.