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Comment on The OBS project has accused Streamlabs of copying their name and trademarkparent

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It costs significantly more to defend your trademark. Registering your trademark is pointless if you can't also defend it.

Doesn't it at least protect you from someone else registering it and then suing you?

Not really. Registering, yes, but you can sue anybody at any time. You might lose but it doesn't prevent you from suing.

If you hold a trademark you are obligated to defend it. If you don't others can void it.

but you can sue anybody at any time

This is enough of a problem that anti-SLAPP laws have been passed in several jurisdictions. Those laws only go so far, though (and you still need to mount a defence of some description)

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