its not even suitable for spending.

costs way more to spend XMR than Bitcoin on the Lightning network and zaps :)

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If you can get privacy through lightning or other layer 2s then are coin joins obsolete anyway?

Assuming you don't need to open channels.

An average Monero transaction costs between 1 and 5 ct. It doesn't need high on-chain fees like BTC to secure the integrity of the chain thanks to tail-emission (ever decreasing disinflation) what you call "no cap".