The third round of JST buyback and burn has been successfully completed as scheduled, with the buyback and burn amount exceeding $21 million.
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The third round of JST buyback and burn has been successfully completed as scheduled, with the buyback and burn amount exceeding $21 million.
Within just six months, JST has conducted three large-scale buyback-and-burn events in succession, investing over $60 million of ecosystem revenue and burning more than 1.356 billion JST tokens—approximately 13.7% of the total token supply.
Navigating Web3 tides with focused insightsTRON ecosystem delivers major bullish news: JST’s third large-scale buyback and burn has been successfully completed, with all burn funds sourced exclusively from the genuine ecosystem revenue of JustLend DAO—the core protocol of the JUST ecosystem. This is not only a tangible demonstration of financial strength but also concrete proof of the project’s steadfast commitment to deflationary policy and consistent delivery of real-world results.
According to the official announcement, this round of JST buybacks and burns totaled $21.3 million—slightly higher in scale than previous rounds. All funds used for this burn again came entirely from JustLend DAO’s authentic protocol revenue. A total of 271.34 million JST tokens (specifically: 271,337,579 tokens) were burned in this round, representing 2.74% of the token’s total supply. All burn records are fully on-chain, publicly verifiable, transparent, and traceable.
To date, JST has successfully completed three large-scale buyback-and-burn cycles. Since the launch of the JST buyback-and-burn program in October 2025, over 1.356 billion JST tokens have been burned within just six months—approximately 13.7% of the total token supply—with cumulative funding exceeding $60 million in USDT. Such an intense and efficiently executed deflationary pace is exceptionally rare across both DeFi and the broader crypto industry.
Against the backdrop of broad-based market downturns and tightening liquidity across the sector, many projects have scaled back operations, suspended buyback plans, or even shut down entirely. In stark contrast, the JST governance organization has consistently honored its commitments—executing multiple large-scale buybacks and burns amid adverse conditions without interruption, while continuously allocating substantial, real-protocol revenue toward these efforts. This demonstrates exceptional contractual discipline and operational resilience. These actions not only inject vital confidence into a struggling market but also robustly validate the project’s solid ecosystem fundamentals and proven countercyclical strength.
Through sustained real-fund investment and fully on-chain, highly transparent execution, the JUST team conveys a rare, long-termist conviction and developmental momentum to the entire industry. This institutionalized,常态化 deflationary governance model not only continually strengthens JST’s value foundation but also steers the industry toward healthier, more sustainable growth.
Looking ahead, the buyback-and-burn loop will continue operating efficiently, fueled by JustLend DAO’s stable generation of authentic ecosystem revenue. JST’s deflationary benefits will persistently materialize across bull and bear cycles, further solidifying the token’s long-term value appreciation.
Deflationary Commitment Delivered Against the Odds! JST Completes Third Buyback-and-Burn Round—Over $21 Million Burned
JST’s third buyback-and-burn cycle has now concluded successfully. Amid ongoing macro pressure across the crypto market, executing this deflationary plan on schedule underscores the JST governance organization’s unwavering commitment to steady, progressive deflationary governance—and sends a rare signal of confidence and credibility during an industry-wide slump.
Both the scale and execution efficiency of this round remain at industry-leading levels—fully reflecting the project’s robust operational capabilities and strong delivery execution.
Funding for this buyback-and-burn round again came entirely from genuine ecosystem revenue generated by the JustLend DAO protocol. The sources are clear and transparent, comprising two components: (1) approximately $10.34 million drawn from accumulated earnings under the original JST buyback-and-burn plan; and (2) roughly $10.97 million in net protocol revenue generated in Q1 2026. Combined, these amount to approximately $21.3 million—providing solid, ample financial backing for this large-scale burn.
In terms of actual buyback-and-burn execution, the decentralized autonomous organization Grants DAO rigorously followed the pre-defined plan, ensuring strict procedural compliance, full transparency, and regulatory fairness at every stage—guaranteeing that each transaction is publicly auditable and every step is compliant and impartial. Consistent with prior rounds, this buyback-and-burn operation was conducted in a decentralized, on-chain manner—fully public and traceable throughout.
Community members and market participants can verify key data—including burn amounts, token quantities burned, and on-chain transaction hashes—for each round anytime via multiple channels: the dedicated Grants DAO page on the JustLend DAO official website, and the Transparency dashboard under financial metrics. This ensures maximum openness and trustworthiness of the deflationary initiative.
The successful completion of the third buyback-and-burn round marks JST’s deflationary mechanism officially entering a mature phase—characterized by quarterly, routine, and stable execution. From the inaugural trial in October last year, to the unexpectedly strong second round in January, and now to this on-schedule third round, Grants DAO has not only fulfilled its deflationary promises every quarter but also progressively refined transparency standards—gradually establishing a replicable, sustainable governance framework.
JST’s timely execution of three burn rounds—verifiable on-chain, executed in a decentralized manner, and backed by fully public data—demonstrates to markets and investors: the platform doesn’t just uphold its promises—it delivers efficiently and reliably. It is a truly trustworthy ecosystem project for the long term. Not only does this deliver an outstanding performance report on JST’s own deflationary governance roadmap, but it also sets a benchmark for principle-driven, countercyclical advancement amid industry hardship and waning confidence—conveying invaluable confidence and momentum, and inspiring more projects to jointly foster the healthy development of the crypto ecosystem.
JST Has Completed Three Buyback-and-Burn Cycles: Over 1.35 Billion Tokens Burned—Deflationary Effect Drives Both Price and Market Cap Higher
During this broader crypto market downturn, Grants DAO—backed by firm resolve and high execution efficiency—has successfully completed three large-scale buyback-and-burn cycles, injecting powerful momentum into JST’s token value appreciation and long-term ecosystem development.
Since the official launch of the JST buyback-and-burn program in October 2025, JST has efficiently executed three high-standard, fully on-chain, transparent, and verifiable buyback-and-burn actions. To date, over 1.356 billion JST tokens have been burned—exceeding 13.7% of the token’s total supply—with cumulative funding from authentic ecosystem revenue reaching approximately $60 million.
Specific data for each JST burn round is fully transparent and on-chain traceable:
- Round 1 (October 2025): ~559 million JST burned, with ~$17.72 million invested—5.59% of total supply.
- Round 2 (January 2026): ~525 million JST burned, with ~$21 million invested—5.30% of total supply.
- Round 3 (April 16, 2026): ~271 million JST burned, with ~$21.3 million invested—2.74% of total supply.
Within just six months, JST has efficiently completed three intensive, large-scale buyback-and-burn cycles—with funding amounts steadily increasing each round. Cumulative investment across all three rounds approaches $60 million, and total JST burned exceeds 1.356 billion tokens. Such a high-frequency, high-volume, and highly executable burn rhythm is extremely rare—even within DeFi—and powerfully demonstrates the ecosystem’s unwavering commitment to deflationary policy, as well as its hard-core ability to deliver on community commitments—on time and without compromise.
Thanks to three consecutive, large-scale, real-token burns, JST’s deflationary effect continues deepening, accelerating the emergence of its scarcity-driven value—and directly driving steady increases in both token price and market capitalization, forming a clear and robust upward value trend.
In terms of deflationary impact, the three rounds have permanently removed over 1.356 billion JST tokens from the total supply—equivalent to reducing total supply by ~13.7%. Under JST’s fixed-supply mechanism design, each on-chain burn is irreversible, meaning circulating supply undergoes a true, permanent contraction. As circulating supply shrinks continuously, JST’s fundamental value base becomes increasingly solidified, and scarcity-based support grows stronger—establishing an unshakable foundational logic for long-term token value appreciation.
Each burn directly compresses JST’s total market supply and significantly enhances token scarcity. According to classical supply-demand principles, when demand remains stable—or even continues rising—ongoing supply contraction inevitably triggers asset revaluation, potentially driving token price upward. High-frequency, large-scale, and sustainable burns will further accelerate the release of JST’s scarcity premium—not only building a solid core foundation for stable and long-term value appreciation but also continuously strengthening market recognition of and confidence in JST’s deflationary model—creating a virtuous cycle of “burn execution → circulating supply reduction → value uplift → consensus strengthening.”
JST’s market performance fully validates the effectiveness of this logic. Since the launch of the buyback-and-burn program in October 2025, JST’s price has entered a steady upward trend—earning broad market recognition. Per CoinGecko data as of April 15, 2026, JST’s price rose from ~$0.03 in October 2025 to a peak of $0.08—a more-than-doubling increase—while its market cap grew from $300 million to nearly $700 million, also more than doubling.
Notably, since February this year, JST’s upward momentum has accelerated further. Amid a challenging overall crypto market downturn, JST surged against the tide—from $0.04 to over $0.08—a 100% gain. This achievement fully reflects the market’s high degree of recognition of JST’s deflationary logic and future prospects.
The steady rise in JST’s price and market cap not only reflects the token’s intrinsic value growth but also signals positive market expectations for JST’s long-term future. Driven by three large-scale, well-executed buyback-and-burn cycles, JST’s deflationary effect has evolved from short-term catalyst to long-term value support, with market consensus gradually consolidating and the positive feedback loop becoming increasingly robust.
With the successful completion of the third buyback-and-burn round, JST’s deflationary dividend has entered a period of accelerating release—and the token’s long-term value foundation has been further reinforced. Looking ahead, as the JST buyback program advances steadily, circulating supply will shrink further—potentially fueling continued JST value appreciation.
JustLend DAO Ecosystem Revenue Grows Steadily—Outstanding Countercyclical Resilience
The smooth progress of JST’s buyback-and-burn program rests fundamentally on the critical support of JustLend DAO. As the primary contributor of buyback-and-burn funds, JustLend DAO—leveraging its unique ecosystem matrix advantages and mature, stable operational strategies—not only achieves continuous, steady growth in ecosystem revenue (providing a constant stream of funding for JST buybacks and burns), but also exhibits exceptional countercyclical resilience.
Per established rules, JST buyback-and-burn funds primarily originate from two core protocols within the JUST ecosystem: (1) existing and future net revenue from the lending protocol JustLend DAO; and (2) excess revenue exceeding $10 million from the multi-chain USDD stablecoin ecosystem. To date, USDD ecosystem revenue has not yet reached the threshold required to trigger buybacks—so all three executed buyback-and-burn rounds have been fully funded by JustLend DAO’s platform revenue, underscoring its central role in JST’s buyback-and-burn program.
Reviewing funding inputs per round clearly reveals JustLend DAO’s firm commitment and sustained investment:
- Round 1: At the program’s inception, JustLend DAO allocated ~$59.08 million in USDT from accumulated earnings—of which 30% (~$17.72 million) was immediately deployed for the first burn, while the remaining 70% was scheduled across four quarters, with a preset quarterly allocation of ~$10.34 million.
- Round 2: ~$21 million in buyback-and-burn funding, comprising $10.34 million in accumulated earnings plus ~$10.19 million in net revenue from Q4 2025.
- Round 3: ~$21.3 million in buyback-and-burn funding, comprising $10.34 million in accumulated earnings plus ~$10.97 million in net revenue from Q1 2026.
Overall, JustLend DAO has reserved over $80 million for the JST buyback-and-burn program (including both deployed and future allocations). Of this, ~$60 million in USDT has already been deployed for burns, with over $20 million in accumulated earnings still earmarked for future quarterly burns. This powerfully demonstrates JustLend DAO’s substantial financial strength and consistent revenue-generation capacity—serving as compelling evidence of the platform’s robust ecosystem fundamentals and operational reliability, and providing ample, sustainable financial backing for JST’s long-term deflationary roadmap.
Analyzing funding inputs across the three JST buyback-and-burn rounds reveals a strong, steady upward trajectory—standing in sharp contrast to the broader crypto market’s downward trend. Amid dual pressures of heightened market volatility and liquidity contraction, JustLend DAO not only remained unaffected but actually increased funding allocations for buybacks and burns—while simultaneously maintaining stable ecosystem revenue growth and high execution efficiency. Each round’s burn size exceeded community expectations.
From a net revenue perspective, even amid overall market headwinds, JustLend DAO’s income performance has remained consistently robust—showing a clear upward trend. For the past two quarters, net revenue has stabilized above $10 million per quarter. Compared to Q4 2025, Q1 2026 saw further net revenue growth—highlighting its formidable countercyclical resilience.
This standout performance stems fundamentally from JustLend DAO’s strong native ecosystem profitability and mature, stable underlying operational strategy—the very foundation enabling it to navigate industry cycles and consistently fulfill commitments.
As TRON’s core financial infrastructure, JustLend DAO has evolved into a full-stack DeFi solution integrating multiple product lines: SBM lending, sTRX liquid staking, Energy Rental (energy leasing), and Gas optimization infrastructure products such as the GasFree smart wallet—forming a comprehensive product matrix capable of generating diversified revenue drivers for ecosystem growth.
Each product line serves specific, real-world use cases: SBM lending functions as the central hub for efficient on-chain financial asset allocation; sTRX liquid staking serves as the preferred entry point for staking within the TRON ecosystem; Energy Rental provides the optimal method for lowering Gas fees in the TRON ecosystem; and GasFree offers convenient support for transfers using native tokens like USDT.
As of April 16, JustLend DAO’s total value locked (TVL) has risen to ~$6.89 billion. According to DeFiLlama data, its SBM lending market TVL has consistently ranked among the top three globally in the lending category. Currently, JST buyback-and-burn funding primarily originates from JustLend DAO’s SBM lending market and Staked TRX yield.
In summary, JST’s recent concurrent price and market-cap growth not only reflects continuous enhancement of the token’s intrinsic value but also mirrors positive market expectations for JustLend DAO’s future development. It is foreseeable that, with JustLend DAO’s continued efforts, JST will steadily advance along its deflationary path.
Of particular note, USDD—the other key source of JST buyback funding—entered a period of rapid growth at the start of 2026. Currently, USDD’s supply has surpassed $1.5 billion, with cumulative revenue reaching $7.47 million—and set to soon exceed the $10 million threshold, further supporting JST’s buyback-and-burn initiatives.
Looking ahead, as JustLend DAO expands and upgrades its product offerings, revenue from new product lines may be integrated into JST’s buyback-and-burn funding pool—broadening the financial safeguards for the deflationary program and injecting stronger, more diversified momentum into JST’s long-term value growth.
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