The amount of JST repurchased and destroyed in the fourth round has reached a historical high: over 355 million JST have been destroyed in this round, and JustLend DAO's earnings continue to solidify deflationary value

On July 17, the native token JST of the TRON ecosystem's decentralized finance infrastructure JUST successfully completed its fourth round of large-scale repurchase and destruction operations.

This round saw the total number of JST destroyed exceed 355 million, accounting for 3.59% of the total token supply, with the value of the destroyed funds surpassing 34.59 million USD, setting a new historical record for a single round of destruction, significantly exceeding the community's previous expectations.

The strong momentum of this repurchase and destruction can be attributed to the combination of two major initiatives—on top of the regular repurchase and destruction plan for the second quarter (Q2) of 2026, a special destruction of the historical stability fee of USDJ was also conducted independently. The combined funds pushed the actual scale of destruction in this round to a new height, significantly exceeding the market's previous estimates and releasing ecological dividends far beyond expectations for global JST holders.

It is important to emphasize that all funds used for the Q2 regular quarterly repurchase and destruction in this round still come 100% from the real operational profits of the JustLend DAO protocol. From the extraction of core business profits to the final execution of the repurchase, the funding chain is clear and transparent, fully relying on the core business of the ecosystem for internal self-sustaining growth. This not only confirms that the JST repurchase and destruction system has a real and sustainable financial foundation but also signifies that the JustLend DAO platform continuously generates real business cash flow, providing ongoing financial support for JST's normalized deflation.

In the current industry downturn, the JUST ecosystem relies on the robust profitability of JustLend DAO to move against the trend, continuously investing tens of millions of dollars to advance large-scale repurchase and destruction actions as scheduled. This not only continues to fulfill the ecosystem's previous deflation commitments to the community but also establishes a benchmark practice for the entire DeFi industry, demonstrating how long-term stable business cash flow can empower the intrinsic value of tokens.

JST Fourth Round of Repurchase and Destruction Exceeds Expectations: Q2 Regular Repurchase and Destruction Plus USDJ Special Destruction, Total JST Destroyed Exceeds 355 Million

Unlike the previous three rounds that mainly focused on executing the quarterly regular plan, this round of JST repurchase and destruction completed the established quarterly normalization destruction while additionally incorporating the destruction of the historical stability fee of USDJ as an independent increment, forming a "regular repurchase and destruction + special destruction enhancement" dual-engine driving structure. This not only significantly raised the total destruction fund scale for a single round but also converted JST's long-term deflation commitment into tangible value feedback with a force far exceeding community expectations, fully demonstrating JUST ecosystem's continuous investment in the JST repurchase and destruction mechanism and its firm determination to uphold the intrinsic value support of the token during industry volatility.

According to the official announcement released on July 17 regarding the completion of the fourth JST repurchase and destruction, the total amount of JST destroyed in this round exceeded 355 million (specifically 355,021,530.97 JST), accounting for 3.59% of the total token supply, with the total value of the destroyed funds surpassing 34.59 million USD (specifically: 34,594,686 USD), with the overall execution intensity significantly exceeding the previous general expectations of the global community.

Looking at the historical context of past repurchase and destruction, the single-round funding scale for the first three rounds was mostly around 20 million USD, and the market's previous expectations for this round of destruction funds were generally in line with this conventional range. However, the actual investment scale this time broke through 34.59 million USD, representing an increase of over 70% compared to the average of the third round of destruction, achieving a leap in execution intensity that far exceeded the community's previous expectations.

The ability to achieve an unexpected expansion in the scale of destruction in this round is primarily due to the collaborative advancement of two independent funding segments: in addition to the regular repurchase and destruction for the second quarter of 2026, a special destruction of the historical stability fee of USDJ was also added for the first time, with both parts of the funds jointly boosting the total destruction scale of this round, with specific details as follows:

• 2026 Q2 Regular Quarterly Repurchase and Destruction: Approximately 248 million JST (248,357,799 JST) were repurchased and destroyed, with actual project earnings of 20.6 million USD, currently estimated at 24.2 million USD;
• USDJ Historical Stability Fee Special Destruction: Approximately 107 million JST (106,663,731.97 JST) were destroyed separately, currently estimated at 10.39 million USD.

The former Q2 regular repurchase and destruction is a fixed quarterly action established within the JST repurchase and destruction mechanism, representing a planned fixed rhythm for the ecosystem; the latter USDJ historical stability fee is an additional incremental destruction exclusive to this round, completely independent of the original mechanism, effectively providing an unexpected ecological profit dividend for global JST holders on top of the regular value feedback. The two destruction funds were combined and executed, directly pushing the total destruction scale of this round to a historical high.

With the successful completion of the fourth round of large-scale repurchase and destruction, the deflation process of JST has fully accelerated. As of July 15, JST has successfully completed four rounds of large-scale repurchase and destruction operations, with a cumulative total destruction exceeding 1.711 billion (specifically 1,711,249,863 JST), accounting for 17.29% of the total token supply.

This means that since the official launch of the JST repurchase and destruction plan in October 2025, nearly one-fifth of JST has been permanently destroyed and completely withdrawn from circulation in just nine months. Such large-scale, high-frequency, and high-execution continuous destruction actions are rare in the entire DeFi sector.

With each round of repurchase and destruction being executed on schedule, the actual circulating supply of JST continues to narrow, steadily increasing the token's scarcity, and the cumulative effect of long-term deflation is deepening, solidifying the underlying support for the token's value. The continuous execution of on-chain real destruction operations has also led to a critical upgrade in JST's value logic: transitioning from early expectations of deflation to a publicly verifiable "on-chain reality" for global users, truly realizing the grounding of value support.

According to CoinGecko data, on July 10, the price of JST successfully broke through the 0.1 USD mark, reaching a peak of 0.1025 USD, marking a new phase high since December 2021; over the past year, JST has accumulated a rise of over 178%, with a current circulating market value of approximately 874 million USD, successfully ranking among the top 70 cryptocurrencies globally.

The dual steady rise in price and market value intuitively verifies the ongoing realization of JST's positive cycle logic of "real protocol revenue driving repurchase and destruction, accelerating deflation to elevate value," and highlights the global secondary market's high recognition of this value model.

JustLend DAO Continues Steady Earnings, Strengthening JST Long-Term Deflation Value Base

Aside from the newly added special incremental destruction of USDJ historical stability fees in this round, all funds from the previous four rounds of repurchase and destruction have come from the real operational profits of JustLend DAO. As the core financial pillar of the JST repurchase and destruction, JustLend DAO maintains stable and sustainable profit output over the long term, continuously supplying sufficient funds for normalized large-scale repurchase and destruction. At the same time, the platform continues to iterate and upgrade its core products and expand its cross-ecosystem cooperation landscape, steadily enhancing its comprehensive competitiveness in the DeFi sector, relying on stable internal cash flow to continuously solidify the underlying value foundation for JST's long-term deflation.

The actual investment of 20.6 million USD in this round of regular quarterly repurchase and destruction for Q2 comes entirely from the real operational profits of JustLend DAO, with the funds composed of two major segments, forming a dual-pillar stable supply structure:

• New Net Earnings (Incremental Engine): JustLend DAO's net earnings for Q2 are approximately 10.28 million USD, all of which are newly generated cash flow from core business in this quarter, directly reflecting the platform's strong profitability;
• Historical Reserves (Stock Foundation): The accumulated reserve earnings from previous periods are approximately 10.34 million USD, which is the profit reserve accumulated from the platform's long-term stable operation, providing stable backing funds for fixed quarterly destruction.

The combination of stock reserves and quarterly new net earnings establishes a complete funding system of "stock support, incremental expansion," forming a complete funding pool for the Q2 regular repurchase and destruction. The newly added USDJ historical stability fee special destruction, being independent of the quarterly budget, is an additional increment that further accelerates the JST deflation process, injecting long-term momentum for token value growth. At the same time, data sufficiently proves that JustLend DAO's quarterly Q2 profits remain stable at the ten million USD level, demonstrating a high degree of sustainability in its profit-generating capability.

On the stable earnings foundation of existing business, over the past two months, JustLend DAO has continuously focused on product performance upgrades and expanding mainstream traffic entry points, implementing significant actions that open up ample imagination space for future earnings growth:

On June 16, JustLend DAO officially launched the upgraded version of the lending market SBM V2, introducing an independent isolation pool mechanism to optimize the platform's capital utilization efficiency while enhancing asset security protection and reducing systemic risks, thereby improving the long-term profit ceiling of the protocol from the ground up.

On July 6, JustLend DAO was integrated into the Binance wallet DeFi interface, with the core funding pool also going live, officially connecting to the leading Web3 traffic entry. On the occasion of Binance's ninth anniversary, JustLend DAO, in collaboration with core projects in the TRON ecosystem such as USDD and SUN.io, launched the highly anticipated "TRON DeFi Summer" celebration event, with a total prize pool of up to 4.5 million USD. Currently, the "TRON DeFi Summer" S1 season has started, with an exclusive prize pool of up to 2.15 million USD, and users can now unlock generous rewards by depositing TRX, USDD, JST, SUN, and other assets in JustLend DAO. This series of interconnected initiatives not only brings considerable incremental funds and a new user base to JustLend DAO but also establishes a complete user conversion pathway from leading CEX traffic to the TRON ecosystem, opening up a new growth curve for the platform's future earnings.

Based on stable and continuous operational profits, a continuously iterating product system, and an ever-expanding ecological cooperation network, JustLend DAO maintains a steady upward growth trend, with a clear and highly certain overall growth trajectory. The continuous influx of internal cash flow can sustain high-volume, normalized repurchase and destruction of JST, continuously reinforcing the deflationary value foundation of JST.

While the mature core revenue engine of JustLend DAO operates steadily, the second major funding source for JST repurchase and destruction, the USDD stablecoin ecosystem, is entering a period of rapid growth. The latest official data as of July 17 shows that the total supply of USDD has surpassed 1.45 billion USD, with the protocol's TVL exceeding 2.12 billion USD, and the treasury's available balance reaching 21.54 million USD. As the scale of the USDD ecosystem continues to expand, its profit potential will gradually be released, and it is expected to grow into the second core financial pillar supporting JST repurchase and destruction.

In contrast, the current cryptocurrency market is undergoing a period of deep adjustment and brutal reshuffling. Most DeFi projects face dual pressures of declining revenue and tightening cash flow, leading to reductions in value feedback budgets, slowing down ecological construction, and even some established star projects ceasing operations and quietly exiting the market.

In stark contrast to the industry's contraction trend, the JUST ecosystem has carved out a completely independent growth curve against the trend. In the face of ongoing external pressures from the market downturn, the ecosystem has not reduced its investment in JST repurchase and destruction; instead, it has actively explored new revenue channels, innovatively incorporating USDJ historical stability fee revenue, enhancing the scale of incremental destruction beyond regular quarterly destruction, and amplifying deflationary efforts during the industry's low point, fully realizing the strategic planning of long-term deflation into tangible value dividends for users.

This series of coherent, continuous, and exceeding expectations actions fully demonstrates the strong execution capability and long-term strategic determination of the JUST ecosystem, and powerfully verifies the solid business fundamentals and sustained stable profit-generating ability of the ecosystem. Even as the external market environment continues to fluctuate under pressure, relying on the mature profit system of JustLend DAO and the new growth momentum of the USDD ecosystem, the JUST ecosystem can still fully and steadily fulfill its value commitments to global builders, continuously driving the rapid operation of the JST deflationary flywheel.