JST's Fourth Round of Buyback and Burn Surpasses 355 Million Tokens, with Burn Amount Reaching a New All-Time High

On July 17, the native token JST of the JUST ecosystem, a decentralized finance (DeFi) infrastructure on the TRON blockchain, successfully completed its fourth round of large-scale repurchase and burn operations.

In this round, over 355 million JST tokens were burned, accounting for 3.59% of the total token supply, with the corresponding burn value surpassing $34.59 million. This set a new single-round record for the scale of funds burned, significantly exceeding the community's general expectations.

The key to this repurchase and burn achieving such strong momentum lies in the superposition of two major initiatives. In addition to the regular quarterly repurchase and burn plan for Q2 2026, a dedicated burn of historical USDJ stability fees was conducted independently. The combined funds from these two parts propelled the actual scale of burned funds in this round to new heights, notably exceeding market estimates and releasing ecosystem benefits far beyond expectations for global JST holders.

It is important to emphasize that all funds used for the Q2 2026 regular quarterly repurchase and burn still come 100% from JustLend DAO's genuine protocol operating income. From extraction of core business revenue to the final execution of repurchase, the fund flow path is clear and transparent, relying entirely on the ecosystem's own core business for internal value generation. This not only fully confirms that the JST repurchase and burn system possesses a genuine and sustainable financial base but also means that the continuous real business cash flow generated by the JustLend DAO platform consistently supplies the financial power for JST's ongoing deflation.

In the current industry downturn, the JUST ecosystem, leveraging the stable profitability of JustLend DAO, is moving against the trend. It continues to invest tens of millions of dollars in real funds, executing rounds of large-scale repurchase and burns as scheduled. This not only fulfills the deflationary commitments previously made to the community but also sets a benchmark practice for the entire DeFi industry, empowering the intrinsic value of a token with long-term, stable business cash flow, backed by verifiable on-chain business revenue data.

Fourth JST Repurchase and Burn Exceeds Expectations: Q2 Regular + USDJ Special Burn, Total Over 355 Million JST Burned

Unlike the previous three rounds focused mainly on quarterly routine plans, this JST repurchase and burn added an independent USDJ historical stability fee burn on top of the scheduled quarterly burn. This created a dual-engine structure of "regular repurchase and burn + special additional burn." This not only significantly increased the total scale of burned funds in a single round but also translated the long-term deflationary commitment into tangible value returns, far exceeding community expectations. It fully demonstrates the JUST ecosystem's continued investment in the JST repurchase and burn mechanism and its firm resolve to uphold the token's intrinsic value during industry cycles of volatility.

According to the official announcement "Regarding the Completion of the Fourth Repurchase and Burn of JST Tokens" released on July 17, the total JST burned in this round exceeded 355 million (specifically 355,021,530.97 JST), accounting for 3.59% of the total token supply. The total value of the corresponding burned funds surpassed $34.59 million (specifically: $34,594,686), with the overall execution intensity greatly exceeding the global community's general expectations.

Looking at the history of past repurchase and burns, the single-round fund scale of the first three rounds was generally around $20 million, and market expectations for this round were roughly in the same range. However, the actual scale of investment this time surpassed $34.59 million, an increase of over 70% compared to the average of the third round. This represents a complete leap in execution intensity, far exceeding the community's general expectations.

The ability to achieve this unexpected expansion in the scale of burns stems from the coordinated action of two independent fund components: in addition to the scheduled Q2 2026 regular repurchase and burn, this round also introduced a dedicated burn of USDJ historical stability fees for the first time. Both parts contributed to increasing the total burn scale for this round, detailed as follows:

· Q2 2026 Regular Quarterly Repurchase and Burn: Repurchased and burned approximately 248 million JST (248,357,799 JST), using $20.6 million in project revenue, currently estimated at $24.2 million in value;

· Dedicated USDJ Historical Stability Fee Burn: Independently burned approximately 107 million JST (106,663,731.97 JST), currently estimated at $10.39 million in value.

The former (Q2 regular burn) is a scheduled quarterly action within the JST repurchase and burn mechanism, a fixed rhythm for the ecosystem. The latter (USDJ historical stability fee burn) is a new incremental burn exclusive to this round, completely independent of the original mechanism. It represents an extra, unscheduled benefit for global JST holders, on top of the regular value returns. The combined execution of these two funds directly pushed the total burn scale for this round to a historical high.

With the successful completion of the fourth large-scale repurchase and burn, JST's deflation process has fully accelerated. As of July 15, JST has successfully completed four rounds of large-scale repurchase and burn operations, with a cumulative total burned exceeding 1.711 billion tokens (specifically 1,711,249,863 JST), representing 17.29% of the total token supply.

This means that within just 9 months since the JST repurchase and burn plan officially launched in October 2025, nearly one-fifth of all JST has been permanently burned and removed from circulation. Such a large-scale, high-frequency, and high-execution continuous burn operation is exceptionally rare in the entire DeFi sector.

With each scheduled repurchase and burn, JST's actual circulating supply continues to shrink, steadily increasing token scarcity. The cumulative effect of long-term deflation is deepening, solidifying the underlying support for the token's value. These continuous, verifiable on-chain burn operations have also upgraded JST's value logic, completely transforming it from an anticipated deflation into a publicly verifiable "on-chain reality," achieving a tangible foundation for value support.

According to CoinGecko data, on July 10, the JST price successfully broke through the $0.1 mark, reaching an intraday high of $0.1025, a new high not seen since December 2021. JST has accumulated gains of over 178% in the past year. With a current circulating market cap of approximately $874 million, it has successfully entered the top 70 global cryptocurrencies by market cap.

The steady rise in both token price and market cap directly validates from a market performance perspective the continuous realization of JST's positive feedback loop: "real protocol revenue drives repurchase and burns, and repurchase and burns accelerate deflation, enhancing value." It also demonstrates the high level of recognition from global secondary markets for this value model.

JustLend DAO Continues Stable Revenue, Strengthening JST's Long-Term Deflation Value Foundation

Aside from the incremental USDJ historical stability fee burn added this round, all funds from the four repurchase and burn operations to date originated from JustLend DAO's real business operating income. As the most crucial funding pillar for JST repurchase and burns, JustLend DAO has consistently maintained stable and sustainable profit output, continuously supplying ample funds for the regular large-scale burns. Simultaneously, the platform is constantly iterating and upgrading its core products, expanding its cross-ecosystem collaboration landscape, and steadily enhancing its overall competitiveness in the DeFi sector. Leveraging stable internal cash flow, it continuously reinforces the foundational value basis for JST's long-term deflation. 

The actual $20.6 million invested in the Q2 2026 regular quarterly repurchase and burn was entirely sourced from JustLend DAO's real business operating income. This funding comprises two components, forming a stable dual-pillar supply structure:

· New Net Revenue (Incremental Engine): JustLend DAO's Q2 net revenue was approximately $10.28 million, entirely new cash flow generated by the quarter's core business, directly demonstrating the platform's strong profitability for the period;

· Historical Reserves (Stable Foundation): Accumulated reserve revenue from previous periods was approximately $10.34 million, representing profits built up from the platform's long-term stable operations, providing a stable fallback funding source for the fixed quarterly burns.

Historical reserves combined with the quarterly net new revenue form a comprehensive fund system where "reserves provide a floor, and increments provide upscaling," constituting the complete fund pool for the Q2 regular repurchase and burn. The newly added USDJ historical stability fee burn, an extra increment outside the quarterly budget, further accelerates JST's deflation process and injects long-term momentum for upward token value. The data confirms that JustLend DAO's single-quarter Q2 profit remains stable at the tens of millions of dollars level, demonstrating high sustainability in its earning capacity.

Building on this stable revenue foundation from existing business, JustLend DAO has been making significant strides in product performance upgrades and expanding mainstream traffic access points over the past two months, executing a series of impactful moves that open ample room for future revenue growth:

On June 16, JustLend DAO officially launched the upgraded version of its lending market, SBM V2. It introduced an isolated pool mechanism to optimize platform capital efficiency, simultaneously strengthening asset security and reducing systemic risk, fundamentally increasing the protocol's long-term profitability ceiling.

On July 6, JustLend DAO was integrated into the DeFi interface of Binance Wallet, with its core liquidity pools also opened, officially connecting to a major Web3 traffic gateway. Furthermore, during Binance's ninth anniversary, JustLend DAO, along with core TRON ecosystem projects like USDD and SUN.io, partnered with Binance Wallet to launch the widely anticipated "TRON DeFi Summer" carnival event, featuring a total prize pool of up to $4.5 million. The S1 season of "TRON DeFi Summer" is already underway, with an exclusive initial prize pool of $2.15 million. Users can now unlock generous rewards by depositing assets like TRX, USDD, JST, and SUN into JustLend DAO. These coordinated initiatives not only bring considerable incremental capital and new user groups to JustLend DAO but also establish a complete user conversion pathway from a top CEX's traffic to the TRON ecosystem, opening a new growth curve for the platform's future revenue.

Driven by stable and sustained operating profits, a continuously iterative product system, and an ever-expanding ecosystem partnership network, JustLend DAO maintains a robust upward growth trajectory with clear and high-certainty momentum. The continuous stream of internal cash flow can sustainably support large-scale, regularized JST repurchase and burns, constantly reinforcing JST's deflationary value foundation.

While JustLend DAO, the mature core revenue engine, operates steadily, the USDD stablecoin ecosystem, the second major funding source for JST repurchase and burns, is entering a period of high growth. Official data on July 17 showed USDD's total supply exceeding $1.45 billion, protocol TVL surpassing $2.12 billion, and treasury available balance reaching $21.54 million. As the USDD ecosystem scales up, its profit potential will gradually be released, poised to become the second core funding pillar supporting JST repurchase and burns in the future.

In contrast, the current crypto market is undergoing a period of deep adjustment and intense consolidation. Most DeFi projects face the dual pressure of declining revenue and tightening cash flow, leading them to cut value return budgets and slow ecosystem development. Some once-popular legacy projects have even directly ceased operations and exited the stage.

In stark contrast to this industry trend of contraction, the JUST ecosystem has charted a completely independent growth trajectory against the tide. Facing external pressure from a continuous market downturn, the ecosystem not only avoided reducing JST repurchase and burn investments but actively explored new revenue channels. It innovatively incorporated USDJ historical stability fee income, adding incremental burn scale beyond the regular quarterly burn. During the industry trough, it amplified deflationary pressure, transforming the long-term deflationary strategy plan into tangible value benefits for users.

This series of coherent, sustained, and expectation-exceeding actions fully demonstrates the JUST ecosystem's strong execution capability and long-term strategic resilience. It also powerfully confirms the ecosystem's solid business fundamentals and consistent earning capacity. Even amidst a volatile external market environment, relying on JustLend DAO's mature profitability system and the new growth potential of the USDD ecosystem, JUST can still reliably fulfill its value promises to global contributors and continuously drive the high-speed operation of the JST deflationary flywheel.