JST lần thứ 4 đốt hủy hơn 355 triệu token, giá trị đốt hủy đạt mức cao nhất lịch sử

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

This round saw the burning of over 355 million JST tokens, accounting for 3.59% of the total token supply. The corresponding value of the burned tokens exceeded $34.59 million, setting a new single-round record in terms of burn amount and significantly surpassing the community's general expectations.

The key to the strong performance in this round of buybacks and burns lies in the synergistic effect of two major initiatives. In addition to the regular Q2 2026 buyback and burn plan, a special burn was independently executed using historical stability fees from USDJ. The combined capital from these two parts propelled the actual burn amount to a new height, significantly exceeding general market estimates and releasing far greater ecological benefits for global JST holders than anticipated.

It is crucial to emphasize that all funds used for this round's Q2 regular quarterly buyback and burn were, as always, 100% derived from the actual protocol operating income of JustLend DAO. From extraction of core business revenue to the execution of the final buyback, the capital flow path is clear and transparent, fully relying on the ecosystem's own core business for internal value generation. This not only fully confirms that the JST buyback and burn mechanism has a genuine, long-term sustainable financial base, but also means that the real business cash flow continuously generated by the JustLend DAO platform provides a steady stream of financial momentum for JST's ongoing deflation.

In the current downward trend of the industry, the JUST ecosystem is moving against the tide, relying on the stable profitability of JustLend DAO. It continues to invest tens of millions of dollars in real funds, executing one large-scale buyback and burn round after another as scheduled. This not only consistently fulfills the deflationary promises made to the community but also, with tangible on-chain business revenue data, sets a benchmark practice for the entire DeFi industry on how to empower a token's intrinsic value with long-term, stable business cash flow.

JST's Fourth Buyback and Burn Exceeds Expectations: Q2 Regular Buyback Combined with USDJ Special Burn, Total of Over 355 Million JST Destroyed

Unlike the previous three rounds that mainly focused on quarterly scheduled plans, this round of JST buybacks and burns added an extra layer: the burning of historical USDJ stability fees, forming a "dual-engine" structure of "regular buyback and burn + special incremental burn." This significantly increased the total capital deployed in a single round and, with intensity far exceeding community expectations, translated JST's long-term deflationary promise into tangible value returns. This fully demonstrates the JUST ecosystem's continuously increasing commitment to the JST buyback and burn mechanism and its firm determination to uphold the token's intrinsic value support amidst industry volatility.

According to the official announcement on July 17 regarding the completion of the fourth JST buyback and burn, a total of over 355 million JST (specifically 355,021,530.97 JST) were burned this round, representing 3.59% of the total supply. The total value of the burned tokens exceeded $34.59 million (specifically $34,594,686), with the execution intensity significantly exceeding the global community's prior expectations.

Looking back at the history of buybacks and burns, the capital deployed in each of the first three rounds was generally around $20 million. Market predictions for this round's burn capital were mostly in line with this conventional range. However, the actual capital deployed in this round broke through the $34.59 million mark, an increase of over 70% compared to the average of the third round. This represents a leap in execution intensity, far exceeding the community's general expectations.

The ability to scale up the burn amount beyond expectations in this round primarily stems from the coordinated action of two independent capital streams. In addition to the regular quarterly buyback and burn for Q2 2026, this round also marked the first inclusion of a special burn for historical USDJ stability fees. The capital from these two parts jointly elevated the total burn scale for this round. Details are as follows:

· Q2 2026 Regular Quarterly Buyback and Burn: Approximately 248 million JST burned (248,357,799 JST), utilizing $20.6 million in project revenue, with a current estimated value of $24.2 million;

· Special Burn of Historical USDJ Stability Fees: Approximately 107 million JST burned separately (106,663,731.97 JST), with a current estimated value of $10.39 million.

The former, the Q2 regular buyback, is a scheduled quarterly action within the JST buyback mechanism, part of the ecosystem's fixed plan. The latter, the USDJ historical stability fee burn, is a new incremental addition specific to this round, completely independent of the original mechanism. It amounts to an additional, unplanned ecological benefit dividend for global JST holders, on top of the regular value return. The combined execution of these two burn funds pushed the total burn amount for this round to a historic high.

With the successful completion of the fourth large-scale buyback and burn, JST's deflationary process has fully accelerated. As of July 15, JST had successfully completed four large-scale buyback and burn operations. The cumulative total burned has exceeded 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 launch of the JST buyback and burn plan in October 2025, nearly one-fifth of all JST has been permanently destroyed and removed from circulation. Such large-scale, high-frequency, and highly executed continuous burn operations are truly rare across the entire DeFi track.

With each buyback round completed on schedule, 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 completed a key upgrade in JST's value logic: from an anticipated future deflation to a publicly verifiable "on-chain reality" for global users, truly anchoring its 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 cyclical high since December 2021. Over the past year, JST has accumulated a gain of over 178%. Its current circulating market cap stands at approximately $874 million, successfully ranking it among the top 70 global cryptocurrencies.

The steady rise in both price and market cap visually confirms the ongoing realization of JST's positive feedback loop: "real protocol revenue drives buybacks and burns, buybacks and burns accelerate deflation, and deflation enhances value." It also underscores the high level of recognition from the global secondary market for this value model.

JustLend DAO's Sustained and Robust Revenue Solidifies the Foundation of JST's Long-Term Deflationary Value

Excluding the newly added special incremental burn from historical USDJ stability fees this round, all funds used for the first four buyback and burn rounds originated from the real business operating income of JustLend DAO. As the most crucial financial pillar for JST's buybacks, JustLend DAO maintains stable and sustainable profitability, continuously supplying ample funds for large-scale, regular burn operations. Simultaneously, the platform continuously iterates and upgrades its core products, expands its cross-ecosystem partnership landscape, steadily strengthening its overall competitiveness in the DeFi track. Relying on stable internal cash flow, it continuously cements the underlying value foundation for JST's long-term deflation.

The actual $20.6 million deployed in this round's Q2 2026 regular buyback and burn all came from JustLend DAO's real business operating income. This capital is composed of two parts, forming a dual-pillar stable supply structure:

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

· Historical Reserves (Foundational Stock): Accumulated reserve revenue from previous periods was approximately $10.34 million, representing revenue reserves built up over the platform's long-term stable operation, providing a stable safety net for the quarterly fixed burns.

The combination of historical reserves and quarterly net revenue creates a comprehensive capital system where "reserves provide the foundation, and new revenue expands the scale," forming the complete fund pool for the Q2 regular buyback and burn. The newly added special burn of USDJ historical stability fees is an additional increment independent of the quarterly budget, further accelerating JST's deflationary process and injecting long-term momentum for token value appreciation. The data sufficiently proves that JustLend DAO consistently generates tens of millions of dollars in profit per single quarter (Q2), demonstrating a high degree of sustainability in its value generation capability.

Building on its stable existing business revenue base, JustLend DAO has been continuously pushing forward with product performance upgrades and expansion into mainstream traffic channels over the past two months. It has rolled out a series of major actions, opening up ample room for future revenue growth:

On June 16, JustLend DAO officially launched the upgraded version of its lending market, SBM V2. This introduces an independent isolated pool mechanism, optimizing platform capital efficiency while simultaneously strengthening asset security and reducing systemic risks, thereby enhancing the protocol's long-term profitability ceiling from the ground up.

On July 6, JustLend DAO was integrated into the DeFi interface of Binance Wallet, with its core liquidity pools also opened up, officially connecting to this major Web3 traffic gateway. Moreover, on the occasion of Binance's 9th anniversary, JustLend DAO partnered with Binance Wallet, alongside other core TRON ecosystem projects like USDD and SUN.io, to launch the widely anticipated "TRON DeFi Summer" carnival event, featuring a total prize pool of up to $4.5 million. The Season 1 (S1) of "TRON DeFi Summer" has already commenced, with an exclusive initial prize pool of $2.15 million. Users can now unlock substantial rewards by depositing assets like TRX, USDD, JST, and SUN into JustLend DAO. These coordinated actions have not only brought significant incremental capital and new user groups to JustLend DAO but also established a complete user conversion pathway from a top-tier CEX's traffic to the internal TRON ecosystem, opening up a new growth curve for the platform's future revenue.

Relying on its stable and continuous operational profits, constantly iterating product suite, and ever-expanding ecosystem partnership network, JustLend DAO maintains a robust upward growth trajectory with a clear and highly deterministic path. This continuous stream of internally generated cash flow can persistently support JST's large-scale, regular buybacks and burns, continuously reinforcing the deflationary value foundation of JST.

While JustLend DAO, this mature core revenue engine, operates steadily, the USDD stablecoin ecosystem, which represents the second major source of funds for JST buybacks, is entering a period of high growth. According to the latest official data from July 17, the total supply of USDD has surpassed $1.45 billion, protocol TVL exceeds $2.12 billion, and the treasury's disposable balance stands at $21.54 million. As the USDD ecosystem continues to expand in scale, its profit potential will gradually be released. In the future, it is expected to grow into the second core capital pillar supporting JST's buyback and burn operations.

In contrast to the current crypto market, which is undergoing a period of deep correction and brutal reshuffling, most DeFi projects are facing the dual pressures of declining revenues and tightening cash flows. Consequently, they are cutting value return budgets and slowing down ecosystem development. Some once-prominent projects have even ceased operations entirely.

Standing in stark contrast to this industry-wide contraction, the JUST ecosystem has charted a completely independent trajectory of counter-trend growth. Facing persistent downward market pressure externally, the ecosystem not only refrained from cutting back on JST buyback and burn investments but proactively sought out new revenue channels. It innovatively incorporated the proceeds from historical USDJ stability fees, adding incremental burn scale on top of the regular quarterly burns. By amplifying deflationary efforts during a market trough, it has fully translated its strategic long-term deflation plan into tangible value dividends accessible to users.

This series of coherent, continuous, and surprising actions fully demonstrates the JUST ecosystem's strong execution capability and long-term strategic commitment. It also powerfully confirms the ecosystem's solid and stable business fundamentals and its consistent ability to generate value. Even amidst a volatile external market environment, relying on JustLend DAO's mature profit system and the new growth potential of the USDD ecosystem, the JUST ecosystem can robustly and reliably fulfill its value promise to global builders, continuously driving JST's deflationary flywheel at high speed.