FWIW I have never heard or seen the Hoka brand in my life until now. I wouldn’t even try to google what On looks like. The first time I heard about Allbirds is when they pivoted to AI.
We all live in our own bubbles.
A 5min 'best running shoes' session would mention both Hokas, ON's etc.
That's an anecdote, not a bubble in my opinion. I have a counterexample where I have not worn any Hoka's but have seen/known of them. Have multiple pairs of On shoes.
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For me personally, On shoes are probably the most comfortable pairs I've ever owned. Their waterproof sneakers are the only ones I've ever had that's actually fully waterproof. If you're looking for a decent pair of sneakers you should at least take a look at their Cloud line.
YMMV but Hoka Bondi is the most comfortable pair of sneakers I've ever had in my life. I'm not going back to Nike. Haven't heard/seen much of them until this year too though.