If Bitcoin is king of cryprocurrency, then Ethereum is the king of all ICOs ,do you agree? Stella,neo and no other blockchain has hosted ICO than Ethereum.
Ethereum was the first which hosted an enviroment where you can do everything, so it has a lot of network effect (like btc for currency). Probably there are some problem in scalability due to project design but if it works, there won't be space for competitors