not sure the market is saturated - i think a lot of cryptocurrencies on coinmarketcap are shitcoins, and a lot of nice (and not nice) defi tokens are coming to the market and transforming everything
No, you have to understand that although De-Fi projects are increasing in popularity but their marketcap is still way lower compared to the marketcap of bitcoin and ETH which is the most popular in altcoins market.
Look here
https://coinmarketcap.com/defi/.. the marketcap in total is only $34 Billion while bitcoin has over $500 billion and ETH with over $100 billion.
See the difference? There's really a big difference.
People do really miss that one out because they are really just seeing the external happenings or events which make them thought that DeFi is really getting big
but with those numbers in comparison then you can really tell that this wont really be having a chance to overtake but somehow
it do able to get some market recognition which is already a good one.
When it comes to saturation then this isnt something new.This is a free market and everyone could create their own but to know that only
the most relevant ones will really stay and the rest will just dump down and be ignored.