Yeah
So
I'm tired of this kind of answers: "saturate" "saturated" "dead" "overdead".... You got the point.
Man nothing is over or saturated or dead, if you do some research about adult sites in google you can find a lot of new sites, with new brand domain extensions, if you check them, almost 75% have decent traffic.
How is possible to have new sites, under a year old, decent traffic (more then 10k per day)?
Simple, there are tier 3 traffic, think about Asia and the number of population from it, few examples: India, China, Indonesia, Malaysia, Singapore, Japan, Pakistan, Bangladesh, Filipino, Vietnam and the list goes on.
Most of the "Masters" are targeting for tier 1 and 2 traffic, this is the first mistake for a beginner, cause is simple and logic, the high quality traffic in adult, when we talk about sites, goes in the big ones directly from de address bar, not trough google, that's why most of the big adult sites don't depends on google.
Now thing about this a little...
After you finish to think about it, find a good adult script, upload, copy, scrap content, make some backlinks, choose a niche, don't go full niches and then you will see the results.
Good luck!