This was a novelette length story I read about 40 years ago in the UK, I can't think of any other stories that were in the anthology book.
The supreme massive alien creature is patrolling his territory on his world, other beasties are signalling submission to him in various ways (including radio and laser) as he goes about his business.
He is continually spraying out suppressant fluids as he moves, this is to slow down evolution because the lifeforms can evolve very rapidly.
The exploratory team from Earth lands so he takes cover to observe this possible threat from hiding, the scientists are puzzled by the massive array of different aggressive species but after a couple of fights with advanced weaponry a dissection or two put them on the right trail.
They capture another creature and subject it to some kind of constant harmful radiation, it eventually dies but ejects an egg as it does so, the egg hatched into a modified version that is now immune to the radiation - they have evolved it. They experiment in similar ways several times but then decide to leave, they categorise the world as too inhospitable and put out a warning satellite to stay away.
Back on alien planet the supreme entity evolved into a truly massive creature to prepare for combat with the explorers when they return, unaware that they're never coming back. He creates super highways all over his world so he can rapid response wherever they'll land. He has lesser beings drilled up for attacks and developing weapons. Then he waits and waits and waits