JustLend DAO burns JST, surpassing 10%, with a second round of buyback and burn totaling $21 million

JustLend DAO today completed its second JST token buyback and burn, with a total of 525 million tokens destroyed, valued at approximately $21 million. More importantly, this burn pushed the total destroyed tokens past the 1 billion mark, accounting for 10.96% of the total supply. What does this number signify? What does it reflect behind the scenes?

Burn Scale and Progress

Core data of this burn round

This burn involved a total of 525 million JST tokens, worth about $21 million, with tokens transferred to a black hole address. According to official information, the funds for the burn come from the net earnings of the JustLend DAO protocol in Q4 2025 and previous accumulated earnings.

Significance of burn progress

A cumulative burn percentage of 10.96% is a key milestone. It indicates that JustLend DAO has effectively reduced the circulating JST tokens through its buyback and burn mechanism. Compared to many DeFi projects that only make promises without action, JustLend DAO is actively promoting token deflation.

Even more noteworthy is that this is not a one-time operation but part of a systematic quarterly buyback and burn plan. The official team has stated they will continue to execute buybacks and burns quarterly and regularly disclose progress to the community. This ongoing, regular burn mechanism plays a significant role in supporting the long-term value of the token.

Ecosystem Data Background

Platform operational performance

As a leading DeFi lending protocol in the TRON ecosystem, JustLend DAO currently demonstrates solid operational data. According to the latest weekly report:

• Total Value Locked (TVL) has surpassed $7.08 billion
• Over $192 million in incentives have been distributed to the community
• Serving over 480,000 users worldwide
• Users can stake USDD to enjoy an annual yield of up to 7.09%

These figures indicate one thing: JustLend DAO’s revenue is sufficient to support continuous buyback and burn activities. This healthy cycle means that the burns are not “burning money,” but are based on genuine protocol earnings.

JST Token Market Performance

According to the latest data, JST is currently priced at $0.040664, with a market cap of $358.46 million. Recent trends show a 1.30% increase over 24 hours, a 2.23% increase over 30 days, but a 7.62% decline over 7 days. Overall, JST remains relatively stable, with token price and burn scale maintaining a steady relationship.

Deep Logic of the Burn Mechanism

Why continuous burning is important

From a tokenomics perspective, the quarterly burn mechanism of JustLend DAO embodies three core values:

1. Establishing Deflation Expectations: A clear burn plan makes the market anticipate a gradual reduction in token supply, which itself supports value.

2. Transparent Revenue Distribution: The funds for burns come from protocol net earnings, meaning a portion of the platform’s profits are directly returned to token holders (by reducing supply).

3. Long-term Value Commitment: Regular, transparent, institutionalized burns demonstrate the project’s confidence in long-term development.

Future Focus

According to official commitments, JustLend DAO will continue quarterly buybacks and burns. Based on current progress, the next key points to watch are:

• The third burn is expected to occur in Q2 2026
• Whether the burn scale will adjust according to protocol earnings
• Whether the cumulative burn percentage will continue to steadily increase

If this momentum persists, the deflationary effect of JST will gradually become evident. However, it’s important to emphasize that burning is only one aspect; the true determinant of the token’s long-term value is the platform’s ongoing revenue-generating ability and ecosystem development potential.

Summary

The second JST buyback and burn completed by JustLend DAO is significant in three ways: First, the burn scale reached 525 million tokens, with a cumulative burn exceeding 10%, marking substantial progress; second, the funds for burning come from genuine protocol earnings, indicating healthy platform operations; third, the institutionalized quarterly burn plan demonstrates the project’s long-term commitment. For JST holders, this ongoing deflation mechanism provides value support. However, the ultimate value of the token still depends on whether JustLend DAO can continue to generate revenue and attract users within the TRON ecosystem.