Recently, according to the latest progress disclosed by the official, the third round of repurchase and destruction of the JST token has been steadily implemented, with a total destruction scale of approximately 21.3 million dollars. As a rare high-frequency, large-scale, and fully transparent deflationary plan in the industry, this move not only significantly reduces the circulating supply in the market but also marks a critical leap in JST’s value model towards the "ultimate deflation" stage.

As we enter the volatile market of 2026, when major cryptocurrency assets like BTC and ETH face challenges from macro uncertainties, JST has demonstrated incredible resilience in counter-cyclical growth thanks to this rigid deflationary mechanism. Data shows that since the launch of the repurchase and destruction plan, the price of JST has continuously risen, outperforming the market steadily. In a market environment where liquidity is becoming cautious, JST, with its absolute scarcity brought by deflation, has become a value highland where capital seeks "excess returns (Alpha)."

The third round of repurchase and destruction is steadily implemented, and the JST deflationary flywheel runs at full speed to open a new channel for long-term appreciation

The recent third round of destruction, both in terms of funding scale and market depth, is a milestone in the evolution of JST's value, fully demonstrating the strong "blood generation" capability and ecological interactivity of the JUST ecosystem.

According to the latest announcement, this round executed the destruction of approximately 271,337,579 JST, with a total value exceeding 21.3 million dollars. The funds for repurchase come from all protocol earnings in the Q1 quarter of 2026 from JustLend DAO, as well as about 30% of the existing earnings from the SBM market. It is worth emphasizing that with the completion of the third round of repurchase and destruction of JST, it marks that this mature deflationary mechanism has already evolved into an institutionalized normal operation.

Looking back to October 21, 2025, the JustLend DAO community officially approved the proposal for the JST repurchase and destruction mechanism, clearly designating that the existing earnings of the protocol, future net income, and the portion exceeding 10 million dollars from the USDD multi-chain ecosystem's income would be fully allocated for repurchase and destruction.

Guided by this mechanism, the decentralized community organization Grants DAO of JustLend DAO steadily proceeded: the first round destroyed 559,890,753 JST, the second round destroyed 525,000,000 JST, and along with this third round implementation, as of now, the total amount of JST destroyed in the first three rounds has officially surpassed 1,356,228,332 tokens, accounting for 13.7% of the total supply of JST.

For investors, the continuous rise in the destruction ratio means that every JST they hold represents an increasing ecological right. This large-scale reduction in supply has a tangible and direct uplifting effect on token value. In recent market fluctuations, when many DeFi protocols faced downward pressure due to selling pressures from liquidity mining, JST, with a rapid contraction in supply and rigid support from buying pressure, has charted a beautiful independent curve.

The market's real feedback perfectly corroborates this deflationary logic. As of April 16, CoinGecko data shows that, supported by robust protocol fundamentals, the total market capitalization of JST has exceeded 500 million dollars. Since the launch of the JST repurchase and destruction plan, the token price has shown counter-cyclical growth momentum, displaying a unique "Alpha attribute" during market volatility. JST has completely opened its space for long-term appreciation in the market through endogenous deflationary drive.

From the core engine of JustLend DAO to the explosion of USDD, exploring the funding engine of ultimate deflation of JST

The underlying logic that allows JST to continuously invest massive funds for repurchase during market volatility stems from the robust "internal circulation" blood generation capability of the JUST ecosystem. Data from April 13 shows that the overall TVL of the JUST ecosystem has strongly surpassed 11.2 billion dollars, accounting for about 42% of the total in the TRON DeFi. This level of fund accumulation has made the JUST ecosystem an indispensable financial base on the TRON network. It is precisely this massive ecological volume and high-frequency on-chain interactions that provide a continuous and highly certain funding base for JST's ultimate deflation.

As the core of the JUST ecosystem, JustLend DAO’s performance is particularly impressive. JustLend DAO is a leading decentralized lending protocol on the TRON network, with a long-term stable TVL above 6 billion dollars and a total supply exceeding 3.6 billion dollars; its net income for the first quarter of 2026 reached 10,972,770 dollars.

Relying on its enormous liquidity, its core staking and lending (SBM) business demonstrates strong profitability conversion capability. According to the announced revenue data, the SBM market this time carried a total revenue of 10,340,249 dollars directly used for JST repurchase. This substantial injection of tens of millions of dollars not only represents a concentrated outbreak of the SBM market’s long-term value accumulation but also rightfully makes it the strongest engine driving JST's ultimate deflation.

Furthermore, the TRX liquidity staking (sTRX) business, as the main source of income for the protocol, also provides continuous and stable cash flow support for the ecosystem. As of April 13, the total locked volume of sTRX has surpassed 9.4 billion TRX, with an average annualized yield of approximately 6.17% in the last 7 days. This greatly enhances the capital utilization efficiency of TRON’s underlying assets and provides users with objective and sustainable profit-sharing.

Additionally, JustLend DAO’s unique energy leasing business further locks in deep on-chain funds. This feature accurately addresses the energy consumption pain point developers and average users face when executing smart contracts. Currently, the daily average leasing scale of JustLend DAO’s energy market remains stable at the hundred billion level, with 100,000 energy leasing costing only 5.1 TRX. Compared to directly burning TRX to pay network fees, this mechanism significantly reduces the high transaction friction costs for users. This essential service, which combines “ultra-high concurrency” and “extreme cost-performance,” further solidifies the funding base for JST repurchase and destruction.

As another cornerstone of the JUST ecosystem, the strong performance of the decentralized over-collateralized stablecoin USDD is noteworthy. Although the current earnings from the USDD multi-chain ecosystem have yet to reach the 10 million dollars repurchase threshold set by the mechanism, thus not included in this round of destruction funds, the continuous explosive growth in its core data indicates that this potential profit engine is ready to take off. Entering 2026, USDD has ushered in a comprehensive explosive development period. As of April 13, the circulation of USDD has surpassed 1.46 billion dollars, and the overall TVL has also exceeded 2.13 billion dollars. CoinMarketCap data shows that USDD has entered the top ten stablecoins in the global cryptocurrency market, firmly ranking 8th.

This rise in market status is attributed to its continuously enriching application scenarios and asset depth. Recently, the USDD ecosystem has launched two WBTC vaults. This feature allows users to directly mint USDD on the TRON network using BTC-backed collateral. With a stable fee rate as low as 2.5%, a very low collateralization rate of 130%, and a minimum threshold of 1,000 USDD (about 0.02 WBTC), it greatly stimulates users' idle assets and improves capital utilization. Up to now, the USDD collateral pool has comprehensively supported diverse core assets such as TRX, sTRX, USDT, and WBTC, building a resilient over-collateralized network.

More importantly, the JUST ecosystem has constructed a highly explosive "dual-engine-driven" repurchase matrix. Currently, the continuous lending profits from JustLend DAO serve as the core driving force, providing ample ammunition for JST's sustained deflation. At the same time, the rapid expansion of the underlying reserve assets of USDD is accumulating tremendous momentum. According to the mechanism design, once the multi-chain ecosystem income of USDD crosses the 10 million dollars bottom line threshold, this substantial excess dividend will become a new power engine, flowing into the JST destruction fund pool.

This mechanism design of “current support + future explosion” activates a self-reinforcing “positive flywheel.” Well-known KOL in the cryptocurrency industry @Blackpink_Ox66 stated on social media: "JST may be the next hundredfold potential coin." He keenly pointed out that JUST’s real revenue actions of repurchasing and destroying tokens are becoming increasingly tangible, and this virtuous cycle of “income nurturing tokens” is continuously solidifying its underlying value. As he summarized: “The future of JST will not only surge in sentiment but also rise with income and confidence.”

Looking at the evolution of decentralized finance, true asset accumulation often stems from the blood generation capability of the underlying protocol. The smooth advancement of the third round of repurchase and destruction of JST not only signifies the normalization of its deflationary mechanism but also represents the core embodiment of the JUST ecosystem realizing a virtuous value loop. As the market gradually returns to rationality, relying on an ecosystem volume exceeding 10 billion dollars in TVL and the diverse profit matrix constructed by JustLend DAO and USDD, the JUST ecosystem has successfully converted robust protocol cash flow into long-term asset premium expectations for the token. Looking ahead, as the DeFi landscape of TRON continues to expand, this endogenous deflation model, which does not rely on external leverage, will further solidify JST’s supply-demand structure and provide the most solid certainty support for its long-term value discovery in the cryptocurrency market.