The TRON ecosystem has released significant positive news. The third round of large-scale buyback and destruction for JST has been successfully completed. All the funds for destruction come entirely from the real ecological benefits of the core protocol of the JUST ecosystem, JustLend DAO. This not only serves as proof of investment with real money but also demonstrates the commitment to fulfilling the deflationary promise through practical actions, continuously promoting the realization of results.

According to the official announcement, the scale of the buyback and destruction of JST in this round reached 21.3 million US dollars, showing a steady increase compared to previous rounds. All funds for destruction still come entirely from the real benefits of the JustLend DAO protocol, with 271 million JST tokens (specifically: 271,337,579 tokens) corresponding to this round, accounting for 2.74% of the total token supply. All destruction records are verifiable on-chain, with the entire process being public and transparent, and traceable for verification.

As of this execution, JST has smoothly completed three rounds of large-scale buybacks and destructions. Since the buyback and destruction plan began in October 2025, it has taken only six months to destroy over 1.356 billion JST tokens, accounting for approximately 13.7% of the total token supply, with a cumulative investment exceeding 60 million USDT. Such a high-intensity deflationary effort and efficient execution rhythm are exceedingly rare in the DeFi field and the broader cryptocurrency industry.

In an environment where the overall crypto market is declining and industry liquidity continues to tighten, most projects have tightened their budgets, shelved buyback plans, or were even forced to shut down and exit. In stark contrast, the JST governance organization has always adhered to its commitments, achieving multiple rounds of large-scale buyback and destruction against the trend. It not only has never interrupted execution but also continues to invest substantial ecological benefits in real money, demonstrating strong commitment power and operational resilience. This series of actions not only injects valuable confidence into the sluggish market but also fully validates the project’s solid ecological fundamentals and robust counter-cyclical strength.

Through sustained real capital investment and a highly transparent execution process on-chain, the JUST team conveys to the entire industry a valuable belief in long-termism and development power. This normalized, institutionalized deflationary governance not only continuously strengthens the value support of JST but also drives the industry towards a healthier and more sustainable direction.

In the future, relying on the stable production of real ecological benefits from JustLend DAO, the buyback and destruction closed loop will continue to operate efficiently. The deflationary dividends of JST will continue to be released throughout the bull and bear cycles, laying a more solid foundation for the long-term increase in the value of the token.

Fulfilling deflationary promises against the trend! The third round of buyback and destruction of JST has been successfully completed, with this round of destruction exceeding 21 million US dollars

Now, the third round of buyback and destruction of JST has been successfully concluded. In the current environment where the overall crypto market is under pressure, the timely execution of the deflationary plan not only demonstrates the JST governance organization’s strong determination to adhere to its commitments and steadily promote deflationary governance but also conveys rare confidence and credibility during the industry downturn.

Viewed from both the scale of destruction and execution efficiency, it maintains a relatively high level within the industry, fully reflecting the project’s solid operational capabilities and efficient execution力.

This round of buyback and destruction funds still comes entirely from the real ecological benefits generated by the JustLend DAO protocol, with clear and transparent sources, primarily composed of two parts: firstly, about 10.34 million US dollars extracted from the existing earnings of the initial JST buyback and destruction plan; secondly, approximately 10.97 million US dollars of new net earnings from the protocol in the first quarter of 2026. The total of these two amounts to approximately 21.3 million US dollars, providing solid and sufficient financial support for this large-scale destruction.

At the specific execution level of the buyback and destruction, the decentralized autonomous organization Grants DAO strictly follows the established plan, ensuring that the entire process is rigorous, standard, public, and transparent, guaranteeing that every transaction is traceable and every step is compliant and fair. This round of buyback and destruction continues the public and transparent characteristics, completing it on-chain in a decentralized manner, with the whole process being publicly traceable.

Community users and market participants can refer to the official website of JustLend DAO, the dedicated page of Grants DAO, and the financial index Transparency panel to query the input amount, token destruction quantity, on-chain transaction hash, and other core data for each round of destruction at any time, fully verifying the entire destruction process. This fully ensures the transparency and credibility of the deflationary actions.

Now, the successful conclusion of the third round of buyback and destruction marks that JST’s deflationary mechanism has officially entered a quarterly, normalized, and stabilized execution phase. From the first round trial in October last year to the unexpected execution of the second round in January this year, followed by the smooth progress of this round, Grants DAO has not only fulfilled its deflationary promises every quarter but also continually optimized transparent execution standards, gradually forming a replicable and sustainable governance model.

The timely implementation of all three rounds of destruction, with verifiable actions on-chain, decentralized execution, and data openness, proves to the market and investors that the platform not only keeps its promises but can also execute efficiently and deliver on commitments, establishing itself as a truly trustworthy ecological project for the long term. This not only delivers a remarkable answer sheet for its deflationary governance path but also sets a benchmark for upholding principles and advancing against the trend during industry difficulties and confidence lows, conveying rare confidence and strength while motivating more projects to jointly promote the healthy development of the crypto ecosystem.

JST has completed three rounds of buyback and destruction: a total destruction exceeding 1.356 billion tokens, with deflationary effects driving both price and market value upwards

During the overall down cycle of the crypto market, Grants DAO, with its firm determination and efficient execution, has successfully completed three consecutive rounds of large-scale buyback and destruction, injecting strong momentum into the enhancement of its token value and long-term ecological development.

Since the buyback and destruction plan officially launched in October 2025, JST has efficiently completed three rounds of high-standard, fully transparent buyback and destruction actions on-chain. As of now, the total number of JST destroyed has surpassed 1.356 billion tokens, accounting for over 13.7% of the total token supply; the total real ecological benefit fund invested has reached approximately 60 million US dollars.

The specific data for each round of destruction of JST is publicly transparent and traceable on-chain:

• First round (October 2025): destroyed approximately 559 million JST, with an investment of about 17.72 million US dollars, accounting for 5.59% of the total token supply.
• Second round (January 2026): destroyed approximately 525 million JST, with an investment of about 21 million US dollars, accounting for 5.30% of the total token supply.
• Third round (April 16, 2026): destroyed approximately 271 million JST, with an investment of about 21.3 million US dollars, accounting for 2.74% of the total token supply.

In just half a year's time, JST has efficiently completed three rounds of intensive and substantial buyback and destruction, with the amount invested steadily increasing each round. The total funding invested across the three rounds is nearing 60 million US dollars, with the total destruction of JST exceeding 1.356 billion tokens. Such a high frequency, substantial scale, and high execution intensity of destruction rhythm are not only rare in the DeFi field but also fully demonstrate the strong determination of the ecosystem to adhere to the deflationary route, as well as the hard commitment to the community to deliver on promises without compromise.

Relying on the sustained and large-scale real destruction execution of the three rounds, the deflationary effects of JST have continued to deepen, accelerating the manifestation of token scarcity value, directly driving the token price and market value steadily upward, forming a clear and strong upward value trend.

From the perspective of deflationary effects, the three rounds of destruction have permanently deleted over 1.356 billion tokens from the total supply of JST, corresponding to a direct reduction of about 13.7% in the total supply. Under the design of a constant total supply mechanism for JST, every on-chain destruction is irreversible, meaning that the circulating supply achieves actual permanent contraction. As the circulating supply continues to shrink, the value base of JST continues to be solidified, reinforcing scarce support, and building an unshakable underlying logic for the long-term value growth of the token.

Each destruction event will directly compress the total supply of JST in the market, significantly enhancing the token's scarcity. According to the classic principle of supply and demand, provided the demand remains stable or even continues to rise, the ongoing tightening of supply will inevitably drive the reassessment of asset value, likely promoting the token price to rise steadily. High-frequency, substantial, and sustainable destruction actions will further accelerate the release of JST’s scarcity premium, not only providing a solid core support for the stability and long-term upward movement of JST token value but also continuously enhancing the market’s recognition and confidence in the JST deflationary model, forming a virtuous cycle of "destruction realization → circulation contraction → value enhancement → consensus strengthening."

The market performance of JST has fully validated the effectiveness of this logic. Since the launch of the buyback and destruction plan in October 2025, JST has begun a steady upward trend in price, and its excellent performance has gained wide recognition in the market. According to CoinGecko data on April 15, 2026, the price of JST tokens rose from about 0.03 US dollars in October last year to a peak of 0.08 US dollars, achieving a more than doubling growth in price; the market value also grew from 300 million US dollars to nearly 700 million US dollars, concurrently achieving more than doubling growth as well.

Notably, since February of this year, JST's upward momentum has further accelerated. In the challenging environment where the overall crypto market shows a downward trend, JST has strengthened against the trend, rising from 0.04 US dollars to over 0.08 US dollars, with a peak increase of 100%. This achievement fully proves the market's high recognition of JST's deflationary logic and development prospects.

The steady growth of JST price and market value not only reflects the enhancement of the token's inherent value but also reflects the market's positive expectations for JST's long-term future development. Driven by the substantial momentum of the three rounds of large-scale buybacks and destructions, the deflationary effects of JST have shifted from short-term catalysis to long-term value support, gradually coalescing market consensus and solidifying the positive cycle.

With the successful implementation of the third round of buyback and destruction, the deflationary dividends of JST have entered a period of continuous accelerated release, further reinforcing the long-term value support of the token. Looking to the future, with the orderly advancement of the JST buyback plan, the supply of tokens in circulation will further decrease, likely promoting the continuous growth of JST value.

JustLend DAO's ecological benefits continue to grow steadily, with outstanding anti-cyclical volatility capacity

The smooth progress of JST buybacks and destructions relies on the crucial support of JustLend DAO. As the main contributor of buyback and destruction funds, JustLend DAO, with its unique ecological matrix advantage and mature operational strategies, not only achieves continuous and steady growth of ecological benefits but also injects an uninterrupted flow of funds into JST buybacks and destructions, demonstrating exceptional anti-cyclical volatility capacity.

According to established rules, the funds for JST buybacks and destructions mainly come from two core protocols within the JUST ecosystem: the existing earnings and future net earnings from the lending protocol JustLend DAO; and the excess income from the multi-chain ecological stablecoin USDD exceeding 10 million US dollars. As of now, USDD's ecological income has not yet reached the threshold to initiate buybacks; thus, all funds for the three rounds of buyback and destruction executed so far have come from the platform earnings of JustLend DAO, reflecting its core position in JST buybacks and destructions.

Looking back at the funding input for each round of buyback, JustLend DAO’s firm determination and continuous investment are clear to see.

• First round: At the beginning of the JST buyback and destruction launch, JustLend DAO extracted about 59.08 million USDT from existing earnings, with 30% (about 17.72 million USDT) immediately used for the first round of destruction, and the remaining 70% executed across four quarters, with a preset investment amount of about 10.34 million USDT per quarter.
• Second round: Approximately 21 million USDT was invested in the buyback and destruction, including existing earnings of 10.34 million USDT and net earnings of about 10.19 million USDT from the fourth quarter of 2025.
• Third round: Approximately 21.3 million US dollars was invested in the buyback and destruction, also including existing earnings of 10.34 million US dollars and net earnings of about 10.97 million USDT from the first quarter of 2026.

In summary, JustLend DAO has reserved a total funding of over 80 million US dollars (including both invested and to-be-invested portions) for the JST buyback and destruction plan. Among those, the executed destruction amount is about 60 million USDT, and there are still over 20 million USDT of existing earnings waiting to be invested in subsequent quarters for destruction. This robustly demonstrates the platform's strong financial strength and sustainable output capacity, providing ample and sustainable financial support for JST's long-term deflationary route.

From the perspective of the scale of funding invested in buybacks and destructions, the actual amount invested in the three rounds shows a strong upward trend, contrasting sharply with the overall downward trend prevalent in the current crypto market. Amid the dual impact of increased market volatility and tightened liquidity, JustLend DAO not only remains unaffected but also increased its funding input during the buyback and destruction phases while maintaining stable growth in ecological earnings and efficient execution, with each round of buybacks exceeding community expectations.

From the perspective of new net earnings data, even amid the overall market's pressure, JustLend DAO's income performance remains steady and presents a good development trend, with the net earnings in the last two quarters consistently stabilizing above 10 million dollars each. Compared to the fourth quarter of 2025, the net earnings in the first quarter of 2026 saw further growth, demonstrating its strong anti-cyclical volatility capacity.

This remarkable performance is fundamentally due to JustLend DAO's strong ecological profit capacity and mature and sound underlying operational strategies, which are key guarantees for navigating industry cycles and continuously fulfilling commitments.

As a core financial facility in the TRON ecosystem, JustLend DAO has developed into a comprehensive DeFi solution that integrates multiple product matrices, including SBM lending, sTRX liquid staking, Energy Rental energy leasing, and the Gas optimization infrastructure product GasFree smart wallet, constructing a complete product matrix that can provide diverse power for ecological earnings growth.

Each product line is based on specific real composition scenarios, with SBM lending as the central hub for users to efficiently allocate on-chain financial assets; sTRX liquid staking as the preferred entry point for staking in the TRON ecosystem; Energy Rental energy leasing service as the best way to reduce gas fees within the TRON ecosystem; and GasFree offers convenient support for transactions using native tokens like USDT.

As of April 16, the total value locked (TVL) on the JustLend DAO platform has risen to approximately 6.89 billion US dollars. According to DeFiLlama data, its SBM lending market TVL consistently ranks among the top three globally. Currently, the funds used for JST buybacks and destructions mainly come from JustLend DAO's SBM lending market and Staked TRX revenues.

In summary, the recent synchronized growth of JST price and market value not only reflects the sustained enhancement of the token’s inherent value but also mirrors the market's positive expectations for JustLend DAO's future development. It is foreseeable that with JustLend DAO's continued efforts, JST will continue to steadily advance on the deflationary path.

Moreover, an important provider of buyback funds, USDD, has entered a period of rapid development since the beginning of 2026. Currently, the supply of USDD has surpassed 1.5 billion US dollars, with accumulated income reaching 7.47 million US dollars, and it will soon break through the 10 million US dollars mark, continuously contributing to JST's buyback and destruction.

In the future, as JustLend DAO’s product lines continue to expand and upgrade, the sources of funds for JST buyback and destruction may potentially include new product line revenues, further broadening the financial support for the deflationary plan and injecting stronger and more diverse momentum for JST's long-term value growth.