Jamie Coutts on Ethereum Market Research Centerhttps://ethmrc.com/authors/jamie-coutts/Recent content in Jamie Coutts on Ethereum Market Research CenterHugoen-usSun, 05 Oct 2025 00:12:12 +0000Realized Store of Value (RSOV): Measuring the Monetary Base of L1’shttps://ethmrc.com/realized-store-of-value-rsov-measuring-the-monetary-base-of-l1s/Sun, 05 Oct 2025 00:12:12 +0000https://ethmrc.com/realized-store-of-value-rsov-measuring-the-monetary-base-of-l1s/<p>Jamie Coutts introduces the <strong>Realized Store of Value (RSOV)</strong> framework as a new way to value Layer 1 (L1) blockchain tokens—not as tech equities based on fees, but as <strong>monetary assets</strong> whose strength comes from committed savings. Traditional valuation models (Metcalfe’s Law, Stock-to-Flow, or fee-based revenue) fail because they ignore circularity and volatility. RSOV measures the <strong>realized capital locked in staking and DeFi collateral</strong>, grounding valuation in actual committed funds rather than speculative flows.</p>