JST Third Round Buyback and Burn Completed as Scheduled, Exceeding $21 Million

The TRON ecosystem has released significant positive news: the third round of large-scale JST buyback and burn has been successfully completed. All burn funds came entirely from the real ecological revenue of the JUST ecosystem's core protocol, JustLend DAO. This not only demonstrates substantial investment with real capital but also represents a firm commitment to fulfilling deflationary promises through concrete actions and continuously advancing tangible results.

According to the official announcement, this round of JST buyback and burn amounted to $21.3 million, showing a steady increase in scale compared to previous rounds. All burn funds, as before, came entirely from the real revenue of the JustLend DAO protocol. This round corresponded to the burning of 271 million JST tokens (specifically: 271,337,579 tokens), accounting for 2.74% of the total token supply. All burn records are verifiable on-chain, ensuring the entire process is transparent, open, and traceable.

With this execution, JST has successfully completed three rounds of large-scale buyback and burn. Since the buyback and burn plan was initiated in October 2025, it has taken only 6 months to cumulatively burn over 1.356 billion JST tokens, accounting for approximately 13.7% of the total token supply, with a cumulative investment exceeding 60 million USDT. Such high-intensity deflationary efforts and efficient execution pace are extremely rare in the DeFi space and even the broader crypto industry.

Amidst an overall downturn in the crypto market and tightening industry liquidity, many projects have scaled back expenditures, shelved buyback plans, or even been forced to shut down. In stark contrast, the JST governance organization has consistently upheld its commitments, completing multiple rounds of large-scale buyback and burn against the trend. Not only has execution never been interrupted, but it has also continued with substantial investments of real ecological revenue, demonstrating strong commitment to promises and operational resilience. This series of actions has not only injected valuable confidence into the sluggish market but also fully validated the project's solid ecological fundamentals and robust anti-cyclical strength.

Through continuous investment of real funds and a highly transparent, fully on-chain execution process, the JUST team has conveyed a rare long-term conviction and developmental strength to the entire industry. This normalized, institutionalized deflationary governance not only continuously solidifies JST's value support but also drives the industry toward a healthier, more sustainable direction.

In the future, relying on the stable, real ecological revenue generated by JustLend DAO, the buyback and burn closed-loop will continue to operate efficiently. JST's deflationary dividends will be continuously released throughout market cycles, laying a more solid foundation for the long-term value growth of the token.

Fulfilling Deflationary Promises Against the Trend! JST's Third Round of Buyback and Burn Successfully Completed, This Round's Burn Amount Exceeds $21 Million

Now, JST's third round of buyback and burn action has been successfully concluded. In the current environment where the overall crypto market is under pressure, the timely execution of this deflationary plan not only highlights the JST governance organization's firm determination to uphold commitments and steadily advance deflationary governance but also conveys rare confidence and credibility during an industry downturn.

Whether judged by burn scale or execution efficiency, it maintains a high industry standard, fully reflecting the project's solid operational capabilities and efficient execution.

The funds for this buyback and burn once again came entirely from the real ecological revenue generated by the JustLend DAO protocol, with clear and transparent sources, primarily consisting of two parts: first, approximately $10.34 million extracted from the existing revenue of the JST initial buyback and burn plan; second, approximately $10.97 million from the protocol's new net revenue in Q1 2026. The combined total is about $21.3 million, providing solid and sufficient funding for this large-scale burn.

In terms of specific buyback and burn execution, the decentralized autonomous organization Grants DAO strictly followed the established plan, ensuring the entire process was rigorous, standardized, transparent, and open, guaranteeing that every transaction is verifiable and every step is compliant and fair. This round's buyback and burn operation continued the characteristic of transparency, completed on-chain in a decentralized manner, with the entire process publicly traceable.

Community users and market participants can query core data for each round of burns—such as investment amount, number of tokens burned, on-chain transaction hashes—through multiple channels including the Grants DAO dedicated page on the JustLend DAO official website and the financial metrics Transparency panel, enabling complete verification of the entire burn process. This fully ensures the openness and credibility of the deflationary actions.

Now, the successful completion of the third round of buyback and burn marks the official entry of JST's deflationary mechanism into a mature execution phase characterized by quarterly, normalized, and stable operations. From the initial pilot in October last year, to the second round's execution exceeding expectations in January this year, and now to the timely progress of this round, Grants DAO has not only fulfilled its deflationary commitment every quarter but has also continuously optimized transparent execution standards, gradually forming a replicable, sustainable governance paradigm.

The timely execution of JST's three rounds of burns, through verifiable on-chain actions, decentralized execution, and public data, proves to the market and investors that the platform not only upholds its promises but can also execute them efficiently—a truly trustworthy ecosystem project for the long term. This not only delivers an impressive report card for its own deflationary governance path but also sets a benchmark for adhering to principles and advancing against the trend during industry difficulties and low confidence, conveying rare confidence and strength, and inspiring more projects to jointly promote the healthy development of the crypto ecosystem.

JST Has Completed Three Buyback and Burns: Cumulatively Burning Over 1.35 Billion Tokens, Deflationary Effect Drives Both Price and Market Cap Higher

During a period of overall downturn in the crypto market, Grants DAO, with firm determination and efficient execution, has successively completed three rounds of large-scale buyback and burn, injecting strong momentum into its token value enhancement and long-term ecological development.

Since the official launch of the buyback and burn plan in October 2025, JST has efficiently completed three rounds of high-standard, fully on-chain, transparent, and verifiable buyback and burn actions. To date, the cumulative number of JST burned has exceeded 1.356 billion, accounting for over 13.7% of the total token supply; the cumulative investment of real ecological revenue funds has reached approximately $60 million.

Specific data for each round of JST burns is publicly transparent and on-chain traceable:

● First Round (October 2025): Burned approximately 559 million JST, with an investment of about $17.72 million, accounting for 5.59% of the total token supply.

● Second Round (January 2026): Burned approximately 525 million JST, with an investment of about $21 million, accounting for 5.30% of the total token supply.

● Third Round (April 16, 2026): Burned approximately 271 million JST, with an investment of about $21.3 million, accounting for 2.74% of the total token supply.

In just six months, JST has efficiently completed three rounds of intensive and large-scale buyback and burns, with the investment amount steadily increasing each round. The total cumulative investment across the three rounds is close to $60 million, with over 1.356 billion JST tokens burned. Such a high-frequency, large-scale, and highly executable burn pace is not only extremely rare in the DeFi space but also fully demonstrates the ecosystem's firm determination to adhere to the deflationary path and its hardcore ability to fulfill community commitments on time and without compromise.

Relying on three rounds of continuous, large-scale real burns, JST's deflationary effect continues to deepen, the scarcity value of the token accelerates, directly driving steady increases in token price and market capitalization, forming a clear and strong upward value trend.

From a deflationary effect perspective, the three rounds of burns have permanently removed over 1.356 billion tokens directly from the JST total supply, equivalent to reducing the total supply by approximately 13.7%. Under JST's mechanism of a fixed total supply, each on-chain burn is irreversible, meaning a true permanent contraction of the circulating supply. As the circulating supply continues to shrink, JST's value foundation is continuously solidified, scarcity support is continuously strengthened, constructing an unshakable underlying logic for the token's long-term value growth.

Each burn directly compresses JST's total market supply, significantly enhancing token scarcity. According to the classic supply-demand principle, with demand remaining stable or even continuously increasing, the ongoing tightening of supply will inevitably drive asset value revaluation, potentially leading to steady upward movement in token price. High-frequency, large-scale, and sustainable burn actions will further accelerate the release of JST's scarcity premium, not only constructing a solid core support for JST token value stability and long-term upward movement but also continuously enhancing market recognition and confidence in JST's deflationary model, forming a virtuous cycle of "burn execution → circulation contraction → value increase → consensus strengthening".

JST's market performance fully validates the effectiveness of this logic. Since the buyback and burn plan was launched in October 2025, JST's price has initiated a steady upward trend, with its excellent performance gaining broad market recognition. According to CoinGecko data as of April 15, 2026, the JST token price climbed from around $0.03 in October last year to a peak of $0.08, achieving over a 100% increase; its market capitalization also grew from around $300 million to nearly $700 million, similarly achieving over a 100% increase.

Particularly notable is that since February this year, JST's upward momentum has further accelerated. In the challenging environment where the overall crypto market trended downward, JST strengthened against the trend, rising from $0.04 to over $0.08, a phase increase of 100%. This achievement fully proves the market's high recognition of JST's deflationary logic and development prospects.

The steady growth in JST's price and market capitalization not only reflects the enhancement of the token's intrinsic value but also indicates the market's positive expectations for JST's long-term future development. Driven by the solid foundation of three rounds of large-scale buyback and burns, JST's deflationary effect has shifted from a short-term catalyst to long-term value support, with market consensus gradually consolidating and the positive cycle becoming increasingly stable.

With the successful completion of the third round of buyback and burn, JST's deflationary dividends have entered a cycle of continuous accelerated release, further solidifying the token's long-term value support. Looking ahead, with the orderly progression of JST's buyback plan, the token's circulating supply will further decrease, potentially driving continuous growth in JST's value.

JustLend DAO's Ecological Revenue Continues Steady Growth, Demonstrating Outstanding Anti-Cyclical Volatility Capability

 The smooth progress of JST's buyback and burn is inseparable from the crucial support of JustLend DAO. As the primary contributor to the buyback and burn funds, JustLend DAO, leveraging its unique ecological matrix advantages and robust, mature operational strategies, has not only achieved continuous, steady growth in ecological revenue, injecting a steady stream of funds into JST's buyback and burn, but also demonstrated exceptional anti-cyclical volatility capability.

According to established rules, the funds for JST buyback and burn primarily come from two core protocols within the JUST ecosystem: first, the existing revenue and future net revenue of the lending protocol JustLend DAO; second, excess income exceeding $10 million from the multi-chain ecosystem of the stablecoin USDD. To date, USDD ecological revenue has not yet reached the threshold to trigger buybacks. Therefore, the funds for the three executed rounds of buyback and burn have all come from JustLend DAO's platform revenue, which also fully reflects its central role in JST's buyback and burn.

Reviewing the investment situation for each round of buybacks, JustLend DAO's firm determination and continuous investment are clearly visible.

● First Round: At the initial stage of the JST buyback and burn launch, JustLend DAO extracted approximately 59.08 million USDT from existing revenue, of which 30% (approximately 17.72 million USDT) was immediately used for the first batch of burns, with the remaining 70% to be executed over four quarters, with a preset quarterly investment of approximately 10.34 million USDT.

● Second Round: The buyback and burn investment was approximately 21 million USDT, comprising 10.34 million USDT from existing revenue and approximately 10.19 million USDT from Q4 2025 net revenue.

● Third Round: The buyback and burn investment was approximately $21.3 million, also comprising 10.34 million USDT from existing revenue and approximately 10.97 million USDT from Q1 2026 net revenue.

Overall, the total funds reserved by JustLend DAO for the JST buyback and burn plan exceed $80 million (including both invested and pending investment portions). Among these, the executed burn amount is approximately 60 million USDT, with over 20 million USDT in existing revenue still pending investment in subsequent quarters. This fully demonstrates JustLend DAO platform's substantial financial strength and continuous revenue-generating capability, serving as powerful proof of the platform's hardcore ecological strength, and also reflecting its solid operational capabilities and commitment fulfillment ability, providing ample, sustainable funding assurance for JST's long-term deflationary path.

Analyzing from the dimension of buyback and burn fund investment scale, the actual investment amounts for JST's three rounds of buyback and burn show a steady increasing trend, forming a sharp contrast with the current overall downward trend in the crypto market. Under the dual impact of increased market volatility and liquidity contraction, JustLend DAO has not only remained unaffected but has instead increased its capital investment in the buyback and burn process while maintaining stable growth in ecological revenue and efficient execution capability, with the scale of each round's buyback exceeding community expectations.

Observing from the new net revenue data perspective, even in the overall market pressure environment, JustLend DAO's revenue performance has remained robust, showing a continuous upward trend in good development. In the past two quarters, quarterly net revenue has consistently stabilized above $10 million. Compared to Q4 2025, Q1 2026 net revenue achieved further growth, demonstrating its powerful anti-cyclical volatility capability.

This outstanding performance stems from JustLend DAO's own strong ecological profitability and mature, robust underlying operational strategies, which are also key guarantees for its ability to navigate industry cycles and continuously fulfill commitments.

As a core financial facility within the TRON ecosystem, JustLend DAO has developed into a full-chain DeFi solution integrating multiple product matrices, including SBM lending, sTRX liquid staking, Energy Rental energy leasing, and the Gas optimization infrastructure product GasFree smart wallet. It has constructed a complete product matrix that can provide diversified momentum for ecological revenue growth.

Each product line is based on specific, real usage scenarios. SBM lending is the central hub for users to efficiently allocate on-chain financial assets; sTRX liquid staking is the preferred entry point for staking in the TRON ecosystem; Energy Rental energy leasing service is the preferred method for reducing Gas fees in the TRON ecosystem; GasFree provides convenient support for transfers using native tokens like USDT.

As of April 16, the total value locked (TVL) on the JustLend DAO platform has risen to approximately $6.89 billion. According to DeFiLlama data, its SBM lending market TVL has long been among the top three globally in the lending