Exactly!
This is also the reason why I doubt that the transaction fees will spike in future.
Think about it. A lightning channel opening is around 200vbyte big.
With a fee of 10sats per vbyte this means you have cost of around 2000 sats. When when we are at 1 sat = 1 dollars doing transactions will become ridiculously expensive
So I personally think that we will never see the high fee market everyone predicts.