This article systematically explores the definition, calculation, pros/cons of REV (Real Economic Value), its relationship with models like FDV/REV and MEV, and combines on-chain data with market trends to help readers build a nuanced, (dialectical) valuation framework—avoiding misjudgments from over-relying on (single metrics).PrefaceThis piece aims to foster learning and critical thinking about REV, enabling a more holistic evaluation of public blockchains. We advocate (inclusive) learning,...

This article systematically explores the definition, calculation, pros/cons of REV (Real Economic Value), its relationship with models like FDV/REV and MEV, and combines on-chain data with market trends to help readers build a nuanced, (dialectical) valuation framework—avoiding misjudgments from over-relying on (single metrics).PrefaceThis piece aims to foster learning and critical thinking about REV, enabling a more holistic evaluation of public blockchains. We advocate (inclusive) learning,...