I think that if your hobby projects will be important for many people: i.e. you develop something with the importance npm, or Ruby on Rails, or Vue.js, FAANG companies will make you offers without asking you leetcode kind of questions.
This is not true. Not so many people can set up popular and awesome projects like npm or vue.js. These are top level programers. But for other people you can not say they are not good enough to be qualified.
I read that the guy who invented Homebrew still had to go through the leetcode interview at Google (which they failed) so I'm not sure if they ever waive the interview requirements?