Yes. Lightning is off chain though. All those tx's are still later put on chain by channel and node operators, to my understanding.

On chain BTC is slow, with unpredictable block times, (the ten mins between blocks is not a guarantee. Sometimes there are three blocks in ten mins, I've seen it numerous times. But also, there are times where you will go close to an hour without a block and that's where the issue lies.) Unstable fee sizing, and no guarantee of when your tx will be confirmed. These are all issues, and keeps people away from Bitcoin if you want the truth. If on chain BTC would adapt it's Blockchain to catch up with the rest of the crypto world, it would truly be king/queen. But it fails to do so.

And don't get me wrong, I LOVE LIGHTNING and have been a daily user of lightning for almost three years now. LN is IMO what is going to keep Bitcoin relevant and from being truly left behind in the crypto world. Remember though, every king/queen/monarchy in our worlds history has fallen at some point. It's only a matter of when.