Nope! Ethereum ETH is already the king of altcoins then followed by the Binance coin BNB. A lot of new projects still believe Ethereum is their best option for launching their projects because the Ethereum blockchain is more secure, decentralized, and has a bigger community, user base than Binance coin.
Actually, if we look at the scale, ETH and BNB are almost the same size, it's just that in terms of volume, ETH is still much larger than BNB, so ETH can still be the leader of all Altcoins by being second after Bitcoin, so it's not only about safer and decentralized only that is in ETH but also because of the power that has become a trust for ETH.