OLED has that attribute. That said, OLED also has problems with panel lottery effects that ceates non-uniform banding effects that has thousands of complaints on Google.
I have visited enough conventions, production displays, and prototype displays that the venn diagram of OLED and multithousand-count high-end FALD LCD, overlaps. (local dimming backlights that uses several thousands LEDs). Also I've seen those Pansonic/HiSense "Dual Cell" double-layer LCDs that are defacto million-pixel FALD. I have seen local-dimmed FALD that is superior to OLED in many aspects, including one FALD LCD that had banding-free. I have also seen some LCDs that had better color gamut than some OLEDs. There are pros/cons of each respective tech.
I do not expect OLED/MicroLED to completely replace LCD until past the 2030s, I daresay the 2040s. OLED/MicroLED will slowly become more and more popular, but LCD has enough technological improvement. Today's bottom barrel $500 LCD gaming monitors are not representative of the best-color multithousand-dollar LCD displays *and* OLED displays I've seen.
Some niggly elements such as the Talbot-Plateau law is less of a barrier with LCD (outsourced light) than OLED (tiny pixels). The Talbot-Plateau theorem is the reason why the 10,000 nit display that I saw, is an LCD display, not an OLED display. That's also delicious nit headroom that could keep strobed HDR (e.g. 1000 nits at 1/10th persistence).