I agree, Thingol, that the Ring is a primary antagonist, somehow alive or at least having some kind of life of its own. I would not rule out Sauron as a primary antagonist, though, because JRRT reminds the reader frequently that Frodo is aware of the Eye at all times, probing, searching. One cannot write a story that talks about that too much without ruining the telling of it, so Tolkien was limited in how often he could refer to it. But the twin orbs of the Eye and the Ring make for two powerful antagonistic allies.
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