Exactly. Polkadot was never meant to be a replacement of Ethereum. Eventually, people will realize that it's not about fast transaction confirmation times or cheap fees. It's all about decentralization and censorship-resistance for applications to run as intended leaving the middleman out of the system. As I've said many times, no other smart contract platform can outmatch Ethereum in terms of security, reliability, and censorship-resistance. Decentralization is what distinguishes Ethereum from the rest of its competitors on the market. Don't get me wrong though, Polkadot is a very good project with huge potential of making crypto land a better place. It's just that Ethereum has an unbeatable ecosystem of dApps, tokens, and services behind it. Most developers build on ETH, because of its widespread community support in the mainstream world. Other platforms are fairly new to the scene and widely untested for serious applications.

Nonetheless, I believe that Polkadot will become another "nail in the coffin". Just like EOS was once hailed to be the "Ethereum Killer" but eventually failed, the same thing will happen with Polkadot, Binance Smart Chain, and others. But who knows? In crypto land, anything can happen. The odds of replacing Ethereum are very slim. But if it does happen, expect many mainstream crypto projects to switch from ETH to DOT leaving the former in the dust. Just my thoughts