"JST's 4th buyback and burn—it's not just about 'how much was burned,' but rather how protocol revenue is continuously converted into token value support. On July 17, JustLend DAO completed its 4th JST buyback and burn, destroying a total of 355,021,530.97 JST, with an estimated current value of approximately $34.59 million, accounting for about 3.59% of total supply. This marks the largest single burn in history. Breaking it down, this burn consists of two parts: 1. Q2 2026 buyback and burn: 248,357,799 JST, utilizing actual project revenue of $20.6 million, with an estimated current value of approximately $24.2 million. 2. USDJ historical stability fee burn: 106,663,731.97 JST, with an estimated current value of approximately $10.39 million. What’s even more noteworthy is the source of funds: Q2 buyback funds primarily came from JustLend DAO net revenue of approximately $10.28 million, along with prior accumulated revenue of approximately $10.34 million. This means JST's buyback and burn is not a one-off market action but is driven by real protocol revenue. The protocol generates income, income goes into buybacks, buybacks lead to burns, supply continues to shrink, forming a relatively clear value capture pathway. As of July 17, JST's cumulative burn volume has reached 1,711,249,863 JST, accounting for approximately 17.29% of total supply. At a time when most DeFi assets need to re-establish the relationship between cash flow and token value, JST's quarterly, on-chain verifiable buyback and burn mechanism provides a longer-term observation sample. #TRONEcoStar @justinsuntron @DeFi_JUST