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People adapt their behaviour based on others. Our subconscious shortcut is to use social proof, and look at what others are doing.
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Similar psychology:
Showing social proof at key decision points, e.g., sign-up or checkout, could increase conversion rates, as users feel reassured that others made the same choice.
When users believe others are already sharing a product, they may share it too, so visible social proof could help increase sharing and referrals.
Social proof from friends or trusted experts might raise the perceived value of your product, as people tend to value things they believe others like.
Social proof from other buyers, e.g., reviews and ratings, could build confidence before buying, potentially increasing purchases and reducing hesitation.