I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I have said this and many people predicted it that this would haapen unless Binance cn incentivie market marker to help boost the trading volume, which is not an easy thing to do on DEX and oncerning the chain, it is a dump chaain so it is very limited and mind you, Binance was not competing with Ethereum chain, it only compete with the ICO model on it and has been successful in that regard.
I think platform like Tezos have a huge chance of competing with Ethereum, Algorand and Podacot is another project to watch, if Ethereum mess up its coming Ethereum 2.0 migration the party may be over