Does it, though? I'd actually like to see a thorough study done on this. My hypothesis is different from yours: the proliferation of "specialty sites" is a product and symptom of the walled garden phenomenon, and further serves to sequester and censor undesirable content from the wider audience.
What are you suggesting is better, though? really, that we all just publish one of 10000 articles to dev.to and hope their search and popularity algorithm puts your article in front of peoples' eyes? That everyone should upload video to a single time-ordered feed that you have to scroll through until you find something you like without algorithmic involvement? Im seriously confused, how do you do content selection or personal curation in a world without niches