Same for Germany, we have the 63€/Month Deutschlandticket.
It's only valid for regional trains (but also all local buses, subway and tram systems) though, so for long distance travel you have to switch trains a lot.
That coupled with the just much nicer experience of high-speed rail (which is not included in the Deutschlandticket), I'd still call the Interrail pass worthwhile if you are visiting. Not the only good option, but one of the good options
I think this would be more for people that are doing a many week (3 or more) trip. At that point I think most people would want to see more than 1 country in Europe as they're so different