High fees kill layer one medium of exchange. Even higher fees kill self custody in layer twos. Force closures become expensive thus raising the minimum channel balance for security. Opening channels are also more expensive thus raising the bar for self custody.

Tail emission is absolutely essential for proper layer one medium of exchange. It's a huge reason why Monero is so user friendly. Guaranteed cheap fees for perpetuity. Dynamic blocks are a big part of this too, both work in tandem to make the best layer one medium of exchange network we have today.

Utilization numbers respective of market cap being disproportionately represented by Monero proves the fruit of this combination.