Superfluid density and two-component conductivity in hole-doped cuprates

While the pseudogap dominates the phase diagram of hole-doped cuprates, connecting the antiferromagnetic parent insulator at low doping to the strange metal at higher doping, its origin and relation to superconductivity remains unknown. In order to proceed, a complete understanding of how the single hole - initially localized in the Mott state - becomes mobile and ultimately evolves into a coherent quasiparticle at the end of the superconducting dome is required. In order to affect this development, we examine recent transport and spectroscopic studies of hole-doped cuprates across their phase diagram. In the process, we highlight a set of empirical correlations between the superfluid density and certain normal state properties of hole-doped cuprates that offer fresh insights into the emergence of metallicity within the CuO_2 plane and its influence on the robustness of the superconducting state. We conclude by arguing that the overall behavior is best understood in terms of two distinct current-carrying fluids, only one of which dominates the superconducting condensate and is gapped out below the pseudogap endpoint at a critical hole concentration p^\ast.