Exactly. Recentralisation is under-appreciated by the decentralists; decentralisation is not a magic dust, and almost all decentralised services are made more convenient by intermediaries .. who will tend to consolidate. See e.g. OpenSea for NFTs.
Over the long term, protocols outcompete hosted services. E.g. Automated market makers will be much longer around than any centralized exchange like e.g. Coinbase.
The exact opposite happened with email