JST ครั้งที่ 4 การเผาทำลายซื้อคืนทะลุ 355 ล้านเหรียญ มูลค่าการเผาทำลายสูงสุดเป็นประวัติการณ์

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

This round saw the destruction of over 355 million JST tokens, accounting for 3.59% of the total token supply. The total value of the burned tokens surpassed $34.59 million, setting a new single-round record for burn volume, with execution intensity far exceeding the community's prior general expectations.

The ability to execute such a powerful buyback and burn in this round was fundamentally driven by the synergistic push of two major initiatives: in addition to the regular Q2 2026 buyback and burn plan, a dedicated burn of historical USDJ stability fees was conducted independently. The combined funds from these two parts propelled the actual burn capital scale to new heights, significantly exceeding the market's general estimates and releasing far greater ecosystem dividends for global JST holders than anticipated.

It's crucial to emphasize that all funds used for the Q2 regular quarterly buyback and burn in this round continue to be 100% sourced from the real protocol operating income of JustLend DAO. From the extraction of core business revenue to the final execution of the buyback, the fund flow is clear and transparent, entirely relying on the ecosystem's own core business for organic value generation. This not only fully confirms that the JST buyback and burn mechanism has a genuine, long-term sustainable capital base, but also signifies that the continuous real business cash flow generated by the JustLend DAO platform consistently fuels the ongoing deflation of JST.

During the current industry downturn, the JUST ecosystem, leveraging JustLend DAO's robust profitability, is moving against the trend. By consistently committing tens of millions of dollars in real capital, it has been executing round after round of large-scale buybacks and burns as scheduled. This not only continuously fulfills the deflationary promises previously made to the community but also sets a benchmark practice for the entire DeFi industry by using solid on-chain business revenue data to empower intrinsic token value through long-term, stable business cash flow.

JST's Fourth Buyback and Burn Exceeds Expectations: Q2 Regular Burn Combined with USDJ Dedicated Burn Totals Over 355 Million JST Destroyed

Unlike the previous three rounds, which primarily followed the quarterly plan, this round of JST buybacks and burns added a dedicated burn of historical USDJ stability fees as an independent increment on top of the established quarterly burn, forming a dual-engine structure of "regular buyback & burn + dedicated burn acceleration." This not only significantly boosted the total burn capital scale for a single round but, with an intensity far exceeding community expectations, converted JST's long-term deflationary commitment into tangible value rewards. This strongly underscores the JUST ecosystem's continuously increasing investment in the JST buyback and burn mechanism and its firm resolve to uphold intrinsic token value during industry fluctuations.

According to the official announcement regarding the completion of the fourth JST token buyback and burn on July 17, the total number of JST tokens burned in this round exceeded 355 million (specifically 355,021,530.97 JST), representing 3.59% of the total token supply. The total value of the funds used for the burn surpassed $34.59 million (specifically $34,594,686), with the overall execution intensity significantly exceeding the general expectations of the global community.

Looking back at previous buyback and burn history, the single-round capital scale for the first three rounds was generally around $20 million. The market's prior prediction for this round's burn funds was also largely within this conventional range. However, the actual scale of this round's investment exceeded $34.59 million, representing an increase of over 70% compared to the average of the third round. This leapfrog in execution intensity far surpassed the community's prior general expectations.

The ability to achieve this unexpected expansion in burn scale stemmed primarily from the coordinated progress of two independent capital sources: alongside the regular Q2 2026 buyback and burn executed according to the fixed cycle, this round also featured, for the first time, an additional dedicated burn of historical USDJ stability fees. The combined funds from both parts drove the total burn scale for this round. The specifics are as follows:

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

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

The former, the Q2 regular buyback and burn, is a scheduled quarterly action within the JST buyback and burn mechanism, representing the ecosystem's fixed rhythm as planned. The latter, the USDJ historical stability fee burn, is a new incremental burn exclusive to this round, completely independent of the original mechanism. It is akin to releasing an additional, unplanned ecosystem revenue bounty for global JST holders on top of the regular value rewards. The combined execution of these two burn funds directly propelled the total burn scale for this round to a historic high.

With the successful conclusion of the fourth large-scale buyback and burn, JST's deflationary process has accelerated comprehensively. As of July 15, JST has successfully completed four rounds of large-scale buyback and burn operations, with the 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 in just nine months since the JST buyback and burn plan was officially launched in October 2025, nearly one-fifth of all JST has been permanently destroyed and completely removed from circulation. Such a large-scale, high-frequency, and powerfully executed series of regular burns is rare indeed within the entire DeFi track.

With each scheduled buyback and burn implemented on time, the actual circulating supply of JST continues to shrink, steadily increasing the scarcity of the token. The cumulative effect of long-term deflation is intensifying, solidifying the underlying support for token value. The consistent execution of verifiable on-chain burns has also enabled a key upgrade in JST's value logic: a complete transformation from anticipated future deflation to a publicly verifiable "on-chain reality" accessible to global users, truly grounding its value support in reality.

According to data from CoinGecko, the price of JST successfully broke through the $0.1 mark on July 10, hitting an intraday high of $0.1025, a new cyclical high since December 2021. Over the past year, JST has accumulated a gain of over 178%. Its current circulating market cap is approximately $874 million, successfully ranking it among the top 70 cryptocurrencies globally.

The steady climb in both token price and market cap provides direct market validation of the ongoing positive feedback loop for JST: "real protocol revenue drives buybacks and burns, which accelerate deflation and lift value." It also highlights the strong endorsement of this value model by the global secondary market.

JustLend DAO's Consistent and Robust Income Strengthens the Foundation for JST's Long-term Deflationary Value

Excluding the new incremental USDJ historical stability fee burn in this round, the source of funds for all four previous buyback and burn rounds came entirely from JustLend DAO's real business operating income. As the most critical capital pillar for JST buybacks and burns, JustLend DAO maintains long-term, stable, and sustainable profitability, consistently supplying ample funds for regular large-scale buybacks and burns. Simultaneously, the platform continuously iterates and upgrades its core products and expands its cross-ecosystem cooperation landscape, steadily strengthening its overall competitiveness in the DeFi sector, and using stable endogenous cash flow to continuously solidify the foundational value base for JST's long-term deflation.

The actual $20.6 million invested in the Q2 2026 regular quarterly buyback and burn in this round all came from JustLend DAO's real business operating income. This fund source comprises two main components, forming a stable dual-pillar supply structure:

· New Net Income (Incremental Engine): JustLend DAO's net income for Q2 is approximately $10.28 million, entirely representing new cash flow generated by core business activities this quarter, directly reflecting the platform's strong current profitability;

· Historical Reserves (Stockpile Foundation): Accumulated reserve income from previous periods is approximately $10.34 million, representing income reserves built up through the platform's long-term stable operations, providing stable backup funds for the quarterly fixed burns.

These historical reserves, combined with the new quarterly net income, establish a comprehensive fund system where "reserves provide a base, and new income enables expansion," forming the complete capital pool for the Q2 regular buyback and burn. The additional USDJ historical stability fee dedicated burn is an extra increment independent of the quarterly budget, further accelerating JST's deflationary process and injecting long-term momentum for upward token value. This data sufficiently confirms that JustLend DAO's single-quarter (Q2) profitability remains consistently in the tens of millions of dollars, demonstrating a high degree of sustainability in its value generation capability.

On top of this stable existing business revenue foundation, over the past two months, JustLend DAO has been continuously strengthening its efforts in product performance upgrades and expansion into mainstream traffic channels, executing significant moves one after another, opening up ample room for future income growth.

On June 16, JustLend DAO officially launched the SBM V2 upgrade for its lending market, introducing an independent isolated pool mechanism. This optimizes platform capital efficiency, simultaneously strengthens platform asset security and reduces systemic risk, raising the protocol's long-term profitability ceiling from the ground up.

On July 6, JustLend DAO was integrated into the Binance Wallet DeFi interface, with its core liquidity pools also opened simultaneously, formally establishing a gateway to leading Web3 traffic. Furthermore, coinciding with Binance's ninth anniversary, JustLend DAO, together with core TRON ecosystem projects like USDD and SUN.io, launched the highly anticipated "TRON DeFi Summer" carnival event in collaboration with Binance Wallet, featuring a total prize pool of up to $4.5 million. Currently, the "TRON DeFi Summer" Season 1 has started, with an initial exclusive prize pool of up to $2.15 million. Users can now unlock substantial rewards by depositing assets like TRX, USDD, JST, and SUN into JustLend DAO. This series of coordinated initiatives has not only brought considerable incremental capital and new user groups to JustLend DAO but has also established a complete user conversion pipeline from leading CEX traffic to the TRON ecosystem, opening a new growth curve for the platform's future income.

Relying on stable, sustained operating profits, a continuously iterated product suite, and an ever-expanding ecosystem partnership network, JustLend DAO maintains a steady upward growth trajectory. The overall growth path is clear and holds strong certainty. This endless stream of endogenous cash flow can persistently support high-volume, regular JST buybacks and burns, continuously reinforcing the deflationary value foundation of JST.

While this mature core revenue engine of JustLend DAO operates stably, the USDD stablecoin ecosystem, the second-largest source of funds for JST buybacks and burns, is entering a period of rapid growth. According to the latest official data from July 17, the total supply of USDD has surpassed $1.45 billion, the protocol's TVL exceeds $2.12 billion, and the treasury's disposable balance has reached $21.54 million. As the USDD ecosystem's scale continues to expand, its profit-generating potential will gradually be unleashed, and it is expected to grow into the second core capital pillar supporting JST buybacks and burns in the future.

In contrast, the current crypto market is undergoing a period of deep adjustment and brutal reshuffling. Many DeFi projects face the dual pressure of declining revenues and tightening cash flows, leading them to cut value reward budgets and slow down ecosystem development. Some once-prominent projects have even ceased operations altogether, fading away quietly.

Standing in stark contrast to this industry-wide contraction trend, the JUST ecosystem has charted a completely independent trajectory of counter-cyclical growth. Facing persistent external downward market pressure, the ecosystem has not only refrained from reducing JST buyback and burn investment but has actively sought new revenue channels, creatively incorporating historical USDJ stability fee income. By adding incremental burn scale on top of the regular quarterly burn, it has amplified deflationary intensity during the industry's low point, completely converting the long-term deflationary strategic plan into real value dividends available to users.

This series of coherent, sustained, and expectation-exceeding actions amply demonstrates the JUST ecosystem's strong execution capability and long-term strategic resolve. It also powerfully validates the ecosystem's solid and stable business fundamentals and its consistent value-generation ability. Even amidst volatile and challenging external market conditions, relying on JustLend DAO's mature profitability system and the new growth potential of the USDD ecosystem, the JUST ecosystem can still fully and reliably fulfill its value commitments to global contributors, continuously driving JST's deflationary flywheel at high speed.