JST Hits Record Deflationary Milestone: Over 355M Tokens Burned as JustLend DAO Revenue Fuels Value Appreciation
JUST completed its fourth JST buyback-and-burn on July 17, permanently removing 355,021,530.97 JST, or 3.59% of supply, worth about $34.59 million. This was the largest single-round burn by value and well above prior rounds, which were typically around $20 million. The result came from two sources: the regular Q2 2026 buyback funded entirely by JustLend DAO’s organic protocol revenue, and a separate burn of historical USDJ stability fees. Across four rounds, a total of 1.71 billion JST has been burned, equal to 17.29% of total supply. The program has tightened supply and supported price appreciation, with JST recently reaching its highest level since 2021 and rising sharply over the past year. JustLend DAO’s ongoing profits, product upgrades, and new integrations are expected to keep fueling future burns.
