That depends – some fish cannot tolerate major changes in water chemistry. For this reason, they are rarely found in stores.
If you change 5% daily instead of 35% weekly, you are effectively changing less water. You can think of it as removing some of the water that you changed the day before and the day before that, and so on. After a week, there is less fresh water in the system than if you had done a single, larger water change of 35%.
I do not carry out regular water changes in almost all of my aquariums. But they are only very moderately stocked and there are lots of plants. This has worked well for decades. Fish faeces are converted into nutrients for the plants, rotting leaves provide welcome humic substances, and I have snails that help break down organic matter.
However, some fish with high demands for fresh, flowing water are not happy with this regime and get the usual water changes.
There are so many ways to go!