Recently, according to the latest updates disclosed by the official team, the third round of JST token buyback and burn has been successfully executed, with a total burn value of approximately $21.3 million. As a rare, high-frequency, high-volume, and fully transparent deflationary mechanism in the industry, this action has significantly reduced the circulating supply and marks a critical milestone in JST’s value model, advancing it into its “extreme deflation” phase.
As we enter the volatile market of 2026, with major crypto assets like BTC and ETH facing challenges from macroeconomic uncertainty, JST has demonstrated remarkable resilience and counter-cyclical growth thanks to its rigid deflationary mechanism. Data shows that since the launch of the buyback and burn program, JST’s price has consistently risen, outperforming the broader market. In a market environment where liquidity is becoming increasingly cautious, JST has emerged as a value haven for capital seeking “alpha” returns, driven by its absolute scarcity created by deflation.
The third round of buyback and burn has been smoothly implemented, fully activating the JST deflationary flywheel and opening a new long-term appreciation pathway.
The third recent burn, in terms of both capital scale and market depth, marks a milestone in JST’s value evolution, fully demonstrating the JUST ecosystem’s strong capacity for self-sustained growth and ecosystem synergy.
According to the latest announcement, this round of burn involves approximately 271,337,579 JST tokens, with a total value exceeding $21.3 million. The repurchase funds come from all protocol earnings generated by JustLend DAO in Q1 2026, along with approximately 30% of the existing yield from the SBM market. Notably, with the completion of the third round of JST repurchase and burn, this mature deflationary mechanism has now become a formalized, routine operation.
Return to October 21, 2025, when the JustLend DAO community officially approved the JST buyback and burn proposal, directing all existing revenues, future net income, and any portion of USDD multi-chain ecosystem revenue exceeding $10 million to be fully used for JST buyback and burn.
Guided by this mechanism, the JustLend DAO ecosystem’s decentralized community organization, Grants DAO, has steadily progressed: the first round burned 559,890,753 JST, the second round burned 525,000,000 JST, and with the implementation of this third round, the total cumulative JST burned across the first three rounds has now officially exceeded 1,356,228,332, accounting for 13.7% of JST’s total supply.
For investors, the ongoing increase in the burn ratio means that the ecological rights represented by each JST in their possession are being passively strengthened. This significant reduction in supply has an objective and direct positive effect on the token’s value. Amid recent market volatility, while many DeFi protocols have faced downward price pressure due to selling pressure from liquidity mining, JST has carved out a strong independent trajectory, supported by sharp supply contraction and resilient buying demand.
Market feedback has perfectly validated this deflationary logic: as of April 16, CoinGecko data shows that, supported by solid protocol fundamentals, JST’s total market capitalization has surpassed $500 million. Since the launch of the JST buyback and burn program, the token price has demonstrated逆势 growth, showcasing unique "alpha" characteristics during periods of market volatility. Through its intrinsic deflationary mechanism, JST has fully unlocked its long-term appreciation potential in the market.
From the JustLend DAO Core Engine to USDD’s Surge: Exploring JST’s Extreme Deflationary Financial Engine
The underlying logic enabling JST to consistently deploy substantial funds for buybacks during market volatility stems from JUST ecosystem’s robust internal circulation and self-sustaining capabilities. As of April 13, the total value locked (TVL) across the JUST ecosystem surpassed $11.2 billion, accounting for approximately 42% of TRON’s total DeFi volume. This massive capital accumulation has established the JUST ecosystem as an indispensable financial foundation on the TRON network. It is this large-scale ecosystem and high-frequency on-chain activity that provide a continuous and highly reliable financial foundation for JST’s extreme deflationary mechanism.
As the core of the JUST ecosystem, JustLend DAO has stood out prominently. JustLend DAO is the leading decentralized lending protocol on the TRON blockchain, with a TVL consistently exceeding $6 billion and a total supply surpassing $3.6 billion. Its net income for the first quarter of 2026 reached $10,972,770.
Leveraging its massive liquidity, its core staking-based lending (SBM) business has demonstrated exceptional profit conversion capabilities. According to the disclosed revenue data, a total of $10,340,249 in income from the SBM market has been directly allocated to JST buybacks. This substantial million-dollar capital injection not only represents a concentrated manifestation of the SBM market’s long-term value accumulation but also firmly establishes it as the most powerful engine driving JST’s extreme deflation.
Secondly, TRX liquid staking (sTRX), as the protocol’s primary revenue source, provides continuous and stable cash flow support for the ecosystem. As of April 13, the total locked amount of sTRX exceeded 9.4 billion TRX, with a 7-day average annualized yield of approximately 6.17%. This significantly enhances the capital efficiency of TRON’s underlying assets while delivering users substantial and sustainable returns.
In addition, JustLend DAO’s unique energy leasing service further locks in deep on-chain capital. This feature precisely addresses the pain point of energy consumption that developers and ordinary users face when executing smart contracts. Currently, the daily average leasing volume of JustLend DAO’s energy market remains stable at the billion-trx level, with just 5.1 TRX required to lease 100,000 energy units. Compared to directly burning TRX to pay network fees, this mechanism significantly reduces the high transaction friction costs for users. This foundational service, combining “ultra-high concurrency” with “extreme cost-efficiency,” further strengthens the financial foundation for JST buyback and burn.
As another major cornerstone of the JUST ecosystem, the strong performance of the decentralized over-collateralized stablecoin USDD. Although the current multi-chain ecosystem yields of USDD have not yet reached the mechanism-designed $10 million buyback threshold and are therefore not included in this round of burn funds, its continuously explosive growth in key metrics signals that this potential profit engine is poised for launch. Entering 2026, USDD entered a period of comprehensive ecosystem expansion. As of April 13, USDD’s circulating supply surpassed $1.46 billion, and the total value locked (TVL) across the network exceeded $2.13 billion. According to CoinMarketCap data, USDD has now ranked among the top ten stablecoins in the global crypto market, firmly holding the 8th position.
This rise in market position is driven by its expanding use cases and deep asset liquidity. Recently, the USDD ecosystem launched two WBTC vaults, enabling users to mint USDD directly on the TRON network using BTC-backed collateral. With a low stabilization fee of just 2.5%, an exceptionally low collateralization ratio of 130%, and a minimum threshold of 1,000 USDD (approximately 0.02 WBTC), this feature significantly unlocks users’ idle assets and enhances capital efficiency. As a result, USDD’s collateral pool now fully supports a diverse range of core assets, including TRX, sTRX, USDT, and WBTC, building a highly resilient over-collateralized network.
More importantly, the JUST ecosystem has established a powerful "dual-engine" buyback matrix with strong growth potential. Currently, the continuous lending profits generated by JustLend DAO serve as the primary force, providing ample fuel for JST’s ongoing deflation. At the same time, the rapid expansion of USDD’s underlying reserve assets is building substantial momentum. According to the mechanism design, once USDD’s multi-chain ecosystem revenue surpasses the $10 million threshold, this significant excess revenue will act as a new power engine, channeling into the JST burn pool.
This “current support + future explosion” mechanism design has activated a self-reinforcing positive flywheel. Prominent crypto KOL @Blackpink_Ox66 stated directly on social media: “JST could be the next 100x potential coin.” He keenly noted that JUST’s real-time buybacks and burns of tokens using its actual revenues are becoming increasingly tangible, and this virtuous cycle of revenue reinvestment into the token is continuously strengthening its underlying value. As he summarized: “Future JST will not rise merely on sentiment—it will rise on income and confidence.”
Looking at the development of decentralized finance, true asset accumulation often stems from the intrinsic earning capacity of the protocol itself. The successful execution of JST’s third buyback and burn is not only a significant milestone in normalizing its deflationary mechanism but also a core manifestation of JUST’s ecosystem achieving a healthy value feedback loop. In today’s market, as sentiment gradually returns to rationality, JUST has successfully translated stable protocol cash flows into long-term asset premium expectations for JST, supported by an ecosystem with over $10 billion in TVL and a diversified profit matrix built by JustLend DAO and USDD. Looking ahead, as the Tron DeFi landscape continues to expand, this endogenous deflationary model—unreliant on external leverage—will further strengthen JST’s supply and demand structure, providing the most solid foundation for its long-term value discovery in the crypto market.