Summary
TLDR: Rising on-chain transaction fees will be offset by second-layer networks, leading to increased transaction volume and higher processing fees on the main blockchain, ultimately resulting in a steady increase in network fees as bitcoin adoption grows.
Key Points
1. The shift to second-layer networks will help offset network congestion and encourage a greater volume of transactions.
2. Some transactions will still occur on the main blockchain, leading to an increase in processing fees.
3. Despite the rise of second-layer networks like Lightning, network fees are likely to steadily increase as bitcoin adoption grows.