If REV (which is a key figure invented by Blockworks tailored to the needs of Solana & heavily favoring MEV, which disadvantages users) would play a major role in valuing crypto assets:
BTC ~ zero
Tron ~ more valuable than ETH
Obviously it's just make-believe but still advocated even by serious VCs 🤷♂️
Blockspace demand is important besides several other metrics:
- liquidity
- risk free inflation rate
- risk-adjusted realyield
- growth perspectives / roadmap
- suitability of asset to be used in Defi (permissionlessness / counterparty risk)
- maturity / security of asset / chain
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