What sets the pace: ADP
The electron transport chain and ATP synthase are coupled — chained together by the proton gradient, so one can't run without the other. That makes ADP the throttle (called respiratory control): when ADP is high (you're low on energy), ATP synthase runs, the gradient is relieved, and the chain burns fast. When ATP is high, everything slows. And with no O₂ to catch the electrons at the end, the whole chain simply stops.
