On July 17, the TRON ecological decentralized financial infrastructure JUST completed its fourth round of large-scale buyback and burn operation successfully.
This round saw the destruction of more than 355 million JST, accounting for 3.59% of the total token supply, with the corresponding value of destroyed funds surpassing 34.59 million dollars, setting a new single-round historical record for the destruction scale, significantly exceeding the community's previous expectations.
The strength of this buyback and burn can be attributed to the synergistic advancement of two major initiatives—on the basis of the regular buyback and burn plan for Q2 2026, a special destruction of the USDJ historical stability fees was also independently executed. The combined force of these two parts elevated the actual funding scale for destruction in this round to a new height, significantly exceeding market expectations and releasing ecological dividends far beyond what was anticipated for global JST holders.
It is important to emphasize that all funds used for this round's Q2 regular buyback and burn came from the genuine operating revenue of the JustLend DAO, with a clear and transparent funding chain from core business revenue extraction to final buyback execution, entirely reliant on the ecological core business to achieve internal self-sustainability. This not only fully verifies the JST buyback and burn system has a real, long-term sustainable funding base but also signifies that the JustLend DAO platform continues to produce genuine business cash flow, continuously injecting financial momentum for JST's ongoing deflation.
In the current industry downturn cycle, the JUST ecosystem relies on the stable profitability of the JustLend DAO to move against the trend, continuously investing tens of millions of dollars to push forward another round of large-scale buyback and burn actions as scheduled. This not only continues to fulfill the ecological deflation commitment made to the community previously but also provides solid on-chain business revenue data, establishing a benchmark practice for the entire DeFi industry that empowers the intrinsic value of tokens through long-term stable business cash flow.
JST's Fourth Round Buyback and Burn Exceeds Expectations:Q2 Regular Buyback and Burn Plus USDJ Special Destruction, Total Destruction of JST Exceeds 355 million
Unlike the previous three rounds, which were primarily focused on the execution of the quarterly regular plans, this round of JST buyback and burn not only completed the predetermined regular quarterly destruction but also added the destruction of USDJ historical stability fees as an independent increment, forming a dual-engine driven structure of “regular buyback and burn + special destruction augmentation”. This not only significantly increased the total funds for destruction in a single round but also converted JST’s long-term deflation commitment into tangible value return with a level of intensity that was far beyond the community’s expectations, fully demonstrating the JST buyback and burn mechanism's ongoing reinforcement by the JUST ecosystem and its firm determination to uphold the token's intrinsic value support during the industry's volatility cycle.
According to the official announcement released on July 17 regarding the completion of the fourth buyback and burn of JST, this round saw a total destruction of over 355 million JST (specifically 355,021,530.97 JST), accounting for 3.59% of the total token supply, with the total value of the destroyed funds surpassing 34.59 million dollars (specifically:34,594,686 dollars), the overall execution intensity significantly exceeded the previous general expectations of the global community.

Reviewing past buyback and burn history, the funds allocated for the previous three rounds generally ranged around 20 million dollars per round, and the market's previous expectations for the funds in this round were also largely aligned with this conventional range. However, the actual amount invested this time broke through 34.59 million dollars, representing an increase of over 70% compared to the average of the third round of destruction, marking a leap in execution intensity that far exceeded community expectations.
The scale of destruction in this round achieved unexpected expansion, primarily deriving from the coordinated advancement of two independent funding segments: besides the regular buyback and burn of Q2 2026 that occurs on a fixed cycle, this time, a special destruction of USDJ historical stability fees was added for the first time as an additional increment. These two parts of funds jointly boosted the total destruction scale in this round, with the specific details as follows:
- 2026Q2Regular Quarterly Buyback and Burn: Buyback and destroy about 248 million JST (248,357,799 JST), with an actual usage of project revenue at 20.60 million dollars, current estimated value at 24.20 million dollars;
- USDJHistorical Stability Fee Special Destruction: Independently destroy about 107 million JST (106,663,731.97 JST), current estimated value at 10.39 million dollars.
The former Q2 regular buyback and destruction is a fixed periodic action within the JST buyback and destruction mechanism, which the ecosystem advances as planned; the latter USDJ historical stability fee is an exclusively added incremental destruction for this round that is completely independent of the existing mechanism, effectively providing additional unplanned ecological revenue dividends for global JST holders on top of the usual value return. The two destruction funds are merged and executed together, directly elevating the total destruction scale for this round to a new historical high.
With the successful conclusion of the fourth round of large buyback and destruction,JST's deflation process has fully accelerated. As of July 15, JST has successfully completed four rounds of large-scale buyback and burn operations, with a cumulative total destruction exceeding 1.711 billion JST (specifically 1,711,249,863 JST), accounting for 17.29% of the total token supply.
This means that since the JST buyback and burn plan officially started in October 2025, in just nine months, nearly one-fifth of JST has been permanently destroyed and completely withdrawn from circulation. Such large-scale, high-frequency, and high-execution continuous destruction actions are rare in the entire DeFi sector.
With each round of buyback and destruction being carried out as scheduled, the actual circulation of JST continues to shrink, steadily increasing the token's scarcity, and the cumulative effect of long-term deflation is deepening, providing a solid underlying support for the token's value. The continuous execution of real on-chain destruction operations has also enabled JST's value logic to achieve a critical upgrade: from early expectations of deflation, it has completely transformed into a “on-chain reality” that global users can openly verify, truly realizing the root and grounding of value support.
According to data from CoinGecko, on July 10, the price of JST successfully broke through the 0.1 dollar mark, reaching a peak of 0.1025 dollars, creating a new phase high since December 2021; over the past year, JST has recorded a cumulative increase of over 178%, with the current circulating market value around 874 million dollars, successfully ranking among the top 70 cryptocurrencies globally.

The steady rise in both price and market value intuitively validates the continual realization of the positive circular logic of JST “real protocol revenue driving buyback and burn, buyback and burn accelerating deflation to elevate value,” and highlights the high recognition of this value model by the global secondary market.
JustLend DAO Stable Earnings Continue, Building a Solid JST Long-Term Deflation Value Base
Aside from the newly added USDJ historical stability fee special incremental destruction in this round, all funds for the previous four rounds of buyback and destruction originated from the genuine operational earnings of JustLend DAO. As the core funding pillar for JST buyback and destruction, JustLend DAO has maintained long-term stable and sustainable profit generation, continuously providing sufficient funds for large regular buybacks and destructions. Meanwhile, the platform is constantly iterating and upgrading core products, expanding cross-ecosystem cooperative outreach, steadily strengthening its overall competitiveness in the DeFi sector, relying on stable internal cash flow to continuously reinforce JST's long-term deflation basis.
The actual input of 20.60 million dollars for the regular quarterly buyback and destruction in Q2 2026 came entirely from the genuine operational earnings of JustLend DAO, composed of two segments forming a dual-pillar supply structure:
- New Net Revenue (Incremental Engine): JustLend DAO's Q2 net revenue was about 10.28 million dollars, all generated from new cash flow created by core business in that quarter, directly reflecting the platform's robust profitability during the period;
- Historical Reserves (Stock Base): Accumulated past reserve earnings are about 10.34 million dollars, which is the profit reserve accumulated from the platform's stable operations over time, providing stable backing funds for each quarter’s fixed destruction.
The stock reserves combined with the quarterly new net revenues construct a comprehensive funding system of “stock bottoming support, increment expansion”, forming a complete funding pool for the Q2 regular buyback and destruction. The newly added USDJ historical stability fee special destruction is an additional increment independent of the quarterly budget, further accelerating JST's deflation process, injecting long-term driving force for token value enhancement. Data is sufficient to prove that JustLend DAO's quarterly Q2 profits have consistently stabilized at tens of millions of dollars, demonstrating high sustainability in its revenue-generating capability.
On the stable earnings base of existing operations, in the past two months, JustLend DAO has been focusing on product performance upgrades and major traffic entrance expansions, actively implementing significant initiatives to open up sufficient growth space for future profit increases:
On June 16, JustLend DAO officially launched the upgraded version of the lending market SBM, SBM V2, introducing an independent isolation pool mechanism, optimizing platform capital utilization efficiency, while simultaneously enhancing asset security protection and reducing systemic risks, fundamentally raising the long-term profit ceiling of the protocol.
On July 6, JustLend DAO was integrated into the Binance wallet's DeFi interface, with the core funding pool also opened up online, officially connecting to the top-tier Web3 traffic entry. Moreover, during Binance's ninth anniversary, JustLend DAO collaborated with core projects of the TRON ecosystem such as USDD and SUN.io to launch the widely discussed “TRON DeFi Summer” celebration event, with a total prize pool of up to 4.5 million dollars. Currently, the “TRON DeFi Summer” S1 season has been launched, with an initial exclusive prize pool reaching 2.15 million dollars, where users can now unlock generous rewards by depositing TRX, USDD, JST, SUN, and other assets in JustLend DAO. This series of synergistic efforts not only brings substantial incremental funds and new user groups to JustLend DAO but also establishes a comprehensive user conversion link from major CEX traffic to within the TRON ecosystem, opening a new growth curve for the platform's future earnings.

Based on stable and sustained operational profits, an iteratively evolving product system, and an expanding ecological cooperation network, JustLend DAO consistently maintains a robust upward growth trend, with a clear and highly certain overall growth trajectory. The continuous internal cash flow can consistently support high-volume, regular buybacks and destructions, continuously strengthening the deflation value base of JST.
While JustLend DAO's mature core profit engine operates steadily, the second major funding source for JST buyback and destruction, the USDD stablecoin ecosystem, is entering a period of rapid growth. On July 17, the latest official data shows that the total supply of USDD has surpassed 1.45 billion dollars, with protocol TVL exceeding 2.12 billion dollars and the treasury's disposable balance reaching 21.54 million dollars. With the continuous expansion of the USDD ecosystem scale, its profit potential will gradually be released, likely growing into the second core funding pillar supporting JST's buyback and destruction.

In contrast to the current cryptocurrency market, the industry is in a period of deep adjustment and brutal reshuffling. Most DeFi projects face the dual pressures of declining revenue and tightening cash flow, many cutting back on value-return budgets, slowing down ecosystem construction, and some established star projects ceasing operations and fading away.
In stark contrast to the industry contraction trend, the JUST ecosystem has charted a completely independent anti-trend growth curve. Facing the external pressure of continued market decline, the ecosystem has not reduced its investment in JST buybacks and destruction; instead, it has proactively explored new revenue channels and innovatively incorporated USDJ historical stability fee revenues, augmenting the destruction scale beyond the regular quarterly destruction, continuously amplifying the deflation intensity during the industry's low cycle, and thoroughly translating the long-term deflation strategic planning into real value dividends for users.
This series of coherent, continuous, and exceeding expectations actions fully reflects the robust execution power and long-term strategic determination of the JUST ecosystem, while also strongly affirming the solid business fundamentals and consistently stable revenue-generating ability of the ecosystem. Even amidst continued fluctuations and pressures in the external market environment, relying on JustLend DAO's mature profit system and the new growth momentum of the USDD ecosystem, the JUST ecosystem is still capable of completely, stably fulfilling its value commitments to global builders, continuously driving JST’s deflation flywheel to operate at high speed.
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