I have always had the thought that we don't need 99.9% of the cryptocurrencies we currently have. They lack any real user usage. With the current hype on DeFi tokens, if you research properly on the you'll realize all excluding selected few are just the same. No difference or additional input, just mere copy and past of code from one website to another and it's become disgusting.

The saturation isn't coming from the projects it's but from the exchanges. They're dictating how the market reaction. While Binance is controlling which altcoins get to moon bitfinex does it with printing tether to pump bitcoin. Decentralized exchange aren't helping matters either, they whole industry is becoming a ground for rich folks to make more money as they day goes by.