Is Ethereum a monopoly in your opinion? If not, why not? Alternative chains relying on ETH's EVM are bad ideas, according to you? Please share your thoughts. Thanks.

Ethereum is a popular cryptocurrency platform that is not a business in the traditional sense. While it has significant influence and market share in the decentralized finance (DeFi) and smart contract space, it is present in many other blockchain platforms and cryptocurrencies. Ethereum's dominance stems from its initial profits, strong developer community, and widespread use to develop business applications (DApps) and initial coin offerings (ICOs). However, its open nature encourages competition and innovation in the blockchain space. It competes with other platforms such as Ethereum, Binance Smart Chain, Solana, and Polkadot, which prevents it from being independent and supporting diversity in the crypto market.