In short yes, Ethereum is where all the action is and once you start a project it is hard to transfer to a new network. Many have tried and failed as it causes uncertainty in the market and its hard to retain the clients.

Poly effectively allows projects to jump right over. I recently used their bridge and it cost me pennies to get an ERC20 token across.

This will end Polkadot as this was its main business model. Although polkadot goes broader across ALL chains so still has a chance but not a need at current.

BNB has dropped and Polygon (matic) price is rising. This I would say is people dumping BNB for Poly.

I think Poly is where the action will be over the next 6 - 12 months

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