REV Is Useful, Just Not in the Way You Think
Spire founder Mteam.eth defends REV as useful, not perfect. 

His view is practical: the issue isn’t REV itself, but how people misunderstand it. Framing it as “all models are wrong, but some are useful,” he sees REV as one of the useful ones. It’s not revenue, and blockchains aren’t companies — but REV does signal demand for a chain’s services. It shows how much users value blockspace and belongs in a broader valuation toolkit.

Still, it’s no shortcut for valuing blockchains. Solana may generate 2–4x more REV than Ethereum, but that doesn’t mean its token is worth more. Judging a chain by REV alone is like judging a company only by revenue — it ignores profits and growth.