Not sure what you mean by "hops" here? The current beta sats mostly act as "bent pipes", where they relay directly between user terminals and ground stations which then go to out to the regular net from there. But the final deployment sats are intended to have free space optical links between satellites (these are currently deployed and testing on the most recent polar orbit ones), so a connection can go entirely through the mesh in space until it reaches the nearest physical ground station (probably with some weighting for congestion and priority of course). The orbital RTT penalty will only be paid once, and with tens of thousands of sats the optical route will actually be much more direct for many people when crossing oceans than going through whatever undersea fiber links there are. Compared to regular fiber, final Starlink will definitely win on latency over sufficient distances.
But Starlink will never match the bandwidth and reliability that fiber can do, nor is it meant to. So it's not a replacement, just another awesome option.