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> What are "the people" going to do about this? What does blockchain have to do with this? Not a damn thing.

You have Coinbase, Kucoin, Gateio, Crypto.com, Kraken, Bitfinex, Uniswap, Sushiswap, Pancakeswap, ...

Competition is also a form of decentralization.

Yes. Just like Amazon has lots of competition in ecommerce.

Whoever controls the majority of the trading volume sets the "market" price. The "competition" has little choice but to follow along.