Yes, Monero has no hard so for the supply as Bitcoin. It had an emission curve with a tail emission following after that. But why isn't that a problem and more of a feature? Let me explain:
Bitcoin has a long term security budget problem, while Monero has that part secured (thanks to the fixed block reward of 0.6 XMR), but the tradeoff is a asymptotically reducing inflation rate that's approaching 0%, but never reaches actual 0% inflation rate as Bitcoin does in the year 2140.
Currently the inflation rates are basically the same for both (BTC 0.82% vs XMR 0.85%), but in the year 2140 BTC's will be 0%, while XMR's will be at ~0.43% per year.
And the Austrian school of economics doesn't say, the supply of a currency has to be completely fixed.
About the network effect:
I tend to agree that Bitcoin's network effect is larger currently, but then again what exactly do you mean by that?
Because BTC was first used on the darknet markets. That is basically what made it what it is today. XMR is the only currency that was able to displace BTC there. And basically every business that accepts BTC and XMR, that publishes it's usage statistics, shows that Monero rivals Bitcoin's use, even though Bitcoin's network effect is much, much greater.
As an example:
nostr:nevent1qqsqe0mqq4axepeqge9qe6xva7k9cswxq5vp9u9pndrcz906a50y47gppamhxue69uhkummnw3ezumt0d5pzpl2t3sdefvcr336zuq452f98st99gkhnexj3d0laat0x5clq6yqlqvzqqqqqqyjn0yta
https://nano-gpt.com/blog/november-2025-payment-stats
https://xcancel.com/alexis_roussel/status/1988697421581594928
https://xcancel.com/OrangeFren/status/1995450935175197000
https://xcancel.com/shopinbit/status/1978715781744472132