JustLend has recently initiated another buyback and burn—this time 525 million JST tokens, accounting for 5.25% of the total supply, approximately $21 million in scale. The total burned has reached 10.75%.

What does this reflect? The deflationary pace of lending protocols has indeed accelerated.

Why do I think JST's buyback and burn efforts are among the top in lending protocols? A comparison reveals the details. Many lending platforms have relatively moderate burn frequency and scale, while JST's burn rhythm is noticeably more aggressive—continuous large-scale burns, coupled with a steady increase in proportion. This is rare in the DeFi lending market.

The key is that this burn method is ongoing, not an isolated event. From the data trajectory, JustLend is using buyback and burn to directly change the token economic model, temporarily boosting deflation expectations, and in the long term, shaping scarcity. What this means for token holders, think for yourself.