A highly competitive market is always more vibrant than a monopoly market.

Multiple participants competing on the same stage can foster innovation, reduce costs, and improve efficiency. Every player must stay alert—product updates and iterations are faster, user experience is upgraded, and cost structures are more optimized. This is the magic of competition.

In contrast, a monopoly often means a lack of urgency for improvement. Without rivals, the motivation for innovation naturally diminishes, and users end up bearing higher costs and poorer experiences. The development history of the crypto market also confirms this—multi-chain competition, multi-DEX benchmarks, and multiple exchanges vying for dominance are all driven by healthy competition that promotes the prosperity of the entire ecosystem.