Is DODO on Ethereum?

Excuse me, could you please clarify something for me? I've been hearing about DODO recently, and I'm trying to understand its technical foundations. So, is DODO built on the Ethereum blockchain? If so, could you elaborate on how this decision was made and what benefits it brings to the platform? Also, are there any potential drawbacks or limitations to being on the Ethereum network that users of DODO should be aware of? I'd appreciate any insights you could offer on this matter.