According to the latest official update, the third large-scale buyback and burn of JST has been completed. In this round, 271,337,579 JST tokens, worth an estimated $21.3 million, were burned, representing 2.74% of the total supply. Every dollar deployed in this round originated directly from the organic revenue of JustLend DAO. This includes approximately $10.34 million drawn from accumulated revenue, paired with $10.97 million in net new revenue generated during Q1 2026.
This milestone marks the completion of three massive buyback-and-burn cycles. Since its launch in October 2025, this program has burned 1,356,228,332 JST tokens in just six months, slashing the total supply by ~13.70%.
On the execution front, Grants DAO spearheaded the entire process on-chain. This fully decentralized operation ensures that every transaction is publicly traceable. Community members can monitor the capital deployed, tokens burned, and transaction hashes in real time through the JustLend DAO’s transparency page—offering absolute transparency at every stage.
Since the October 2025 launch of its buyback and burn initiative, JST has successfully completed three massive rounds of supply reductions. The data for all three rounds is fully transparent and verifiable on-chain:
- Round 1 (Oct 2025): 559 million JST burned via a $17.72 million capital commitment, representing 5.66% of total supply.
- Round 2 (Jan 2026): 525 million JST burned via a $21 million capital commitment, representing 5.3% of total supply.
- Round 3 (Apr 15, 2026): Approx. 271 million JST burned via a $21.3 million capital commitment, representing 2.74% of total supply.
Through these three massive burns, 1,356,228,332 JST have been permanently removed from the total supply, slashing the token base by 13.7%. This intensifying deflationary pressure has rapidly accelerated JST’s scarcity. With a fixed total supply and stable demand, this supply-side contraction is triggering a fundamental token revaluation, clearing the way for sustained growth in both token price and market capitalization.
JST’s market performance is another powerful validation of this deflationary logic. According to CoinGecko’s data, since the buyback program commenced in October 2025, JST’s price has surged from a low of ~$0.03 to $0.08, representing an over 100% upsurge. Over the same period, its market cap has jumped from $300 million to ~$700 million, signaling robust investor confidence. As this deflationary mechanism becomes a structural fixture of the ecosystem, the ongoing contraction of circulating supply is expected to drive JST’s valuation up in the long run.
The momentum behind JST’s buyback and burn program comes from the strong fundamentals of JustLend DAO. Per protocol, JST burn capital is sourced from two pillars of the JUST ecosystem: the net revenue of the JustLend DAO platform and incremental earnings from the USDD ecosystem above the $10 million revenue threshold. Since USDD’s revenue is yet to hit the threshold, all funding for the first three burns has been derived from the organic revenue generated by JustLend DAO.
Financial deployment for these three rounds has scaled progressively, shattering market expectations. This trajectory stems directly from JustLend DAO’s high profitability and sophisticated operational framework.
As the cornerstone of TRON’s financial infrastructure, JustLend DAO has engineered a diversified product matrix—including SBM lending, sTRX liquid staking, energy rental, and the GasFree smart wallet—to provide stable, multifaceted support for ecosystem earnings. Currently, SBM lending and sTRX business lines serve as the primary engines for JST burn funding.
Through this comprehensive lineup, JustLend DAO has achieved consistent revenue growth and demonstrated resilience across market cycles. With a Total Value Locked (TVL) of approximately $6.75 billion, its SBM lending business is consistently ranked among the top three globally in the sector.
Driven by this organic revenue, the JST buyback and burn flywheel is operating with high efficiency. This intensifying deflationary pressure will persist across both bull and bear markets, forging a solid foundation for JST’s long-term value appreciation.
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