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Introducing RSOV: A Better L1 Valuation Metric than REV | Jonah Weinstein

 
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Manage episode 484951945 series 2730574
Content provided by Bankless. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bankless or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

How should we value L1 tokens in crypto?

Today’s guest, Jonah Weinstein of Skycatcher, introduces RSOV—“Realized Store of Value”—a new metric designed to fundamentally rethink how we evaluate Layer 1 assets like ETH, SOL, and BTC. In this episode, we explore why traditional models like DCF and REV fall short for monetary assets, how RSOV works, and why it may be a better way to understand crypto’s total addressable market. Tune in for a fresh perspective that could change how you analyze L1s forever.

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📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium

------
BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠HEMI | BTC & ETH, ONE NETWORK
https://bankless.cc/hemi

------
TIMESTAMPS

0:00 Intro
0:23 How to Value L1 Tokens
7:18 REV
20:32 L1 Tokens are Money
27:11 Payments vs SoV Use Case
36:13 TAM for Digital Money
41:45 BTC: Special Snowflake?
45:31 RSOV
1:03:17 REV vs RSOV
1:12:07 RSOV Valuations
1:18:27 RSOV Drivers
1:34:10 Future of RSOV
1:36:43 Skycatcher
1:38:55 Opportunities to Watch
1:40:46 Closing & Disclaimers

------
RESOURCES

Jonah Weinstein
https://x.com/_Jonahw

RSOV Deck
https://docsend.com/view/mb2v6k3yr38gpfwm

RSOV Dune Dashboard
https://dune.com/sc_research/rsov

RSOV Template Financial Model
https://docs.google.com/spreadsheets/d/1IH0IX0yal7raqhO8SWzcVGK-TAH-b7avRlZ3pxR0krc/edit?usp=sharing

Skycatcher
https://skycatcher.xyz/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

  continue reading

1088 episodes

Artwork
iconShare
 
Manage episode 484951945 series 2730574
Content provided by Bankless. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bankless or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

How should we value L1 tokens in crypto?

Today’s guest, Jonah Weinstein of Skycatcher, introduces RSOV—“Realized Store of Value”—a new metric designed to fundamentally rethink how we evaluate Layer 1 assets like ETH, SOL, and BTC. In this episode, we explore why traditional models like DCF and REV fall short for monetary assets, how RSOV works, and why it may be a better way to understand crypto’s total addressable market. Tune in for a fresh perspective that could change how you analyze L1s forever.

------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium

------
BANKLESS SPONSOR TOOLS:

🪙FRAX | SELF SUFFICIENT DeFi
https://bankless.cc/Frax

🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠HEMI | BTC & ETH, ONE NETWORK
https://bankless.cc/hemi

------
TIMESTAMPS

0:00 Intro
0:23 How to Value L1 Tokens
7:18 REV
20:32 L1 Tokens are Money
27:11 Payments vs SoV Use Case
36:13 TAM for Digital Money
41:45 BTC: Special Snowflake?
45:31 RSOV
1:03:17 REV vs RSOV
1:12:07 RSOV Valuations
1:18:27 RSOV Drivers
1:34:10 Future of RSOV
1:36:43 Skycatcher
1:38:55 Opportunities to Watch
1:40:46 Closing & Disclaimers

------
RESOURCES

Jonah Weinstein
https://x.com/_Jonahw

RSOV Deck
https://docsend.com/view/mb2v6k3yr38gpfwm

RSOV Dune Dashboard
https://dune.com/sc_research/rsov

RSOV Template Financial Model
https://docs.google.com/spreadsheets/d/1IH0IX0yal7raqhO8SWzcVGK-TAH-b7avRlZ3pxR0krc/edit?usp=sharing

Skycatcher
https://skycatcher.xyz/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

  continue reading

1088 episodes

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