Crypto Exchanges

Story: JST Burns 355 Million Tokens Worth $34.59M in Biggest Buyback Round Yet

By Julie Binoche

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Where the Money Actually Came From. The Q2 buyback drew from two pools inside JustLend DAO. Roughly $10.

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JST Price Hits Highest Level Since December 2021. The market noticed. JST hit $0.1045 on July 10, its highest price since December 2021.

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SBM V2, Binance Wallet, and What's Next. JustLend DAO has been busy on the product side too. It launched SBM V2, which is aimed at…

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TRON's DeFi platform JUST just pulled off its largest token burn ever. Over 355 million JST tokens — worth roughly $34.

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The burn came in two pieces, and that's basically what made it so big. The routine Q2 2026 buyback alone torched 248,357,799 JST tokens, worth $24.20 million.

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JustLend DAO funded the standard portion entirely through its own organic protocol revenues. No external capital. No token sales. Just operating income.

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The Q2 buyback drew from two pools inside JustLend DAO. Roughly $10.28 million came from Q2 net income. Another $10.

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The USDJ stability fee burn was different. It's a one-time event, not a recurring line item, and it handed JST holders value they probably weren't pricing in.

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JustLend DAO also mentioned consistent eight-figure quarterly profits as the backbone of the whole buyback model.

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The market noticed. JST hit $0.1045 on July 10, its highest price since December 2021. That pushed the token's market cap to around $874 million, putting JST inside the top 70…

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Read also: Bybit Buys NOBI to Reach Indonesias 21 Million Crypto Users

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Since October 2025, JST has burned nearly 1.71 billion tokens total. That's 17.29% of the entire supply gone.

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Not every DeFi project can say the same thing right now. Revenue across the broader sector has been falling. Some projects have shut down entirely.

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JustLend DAO has been busy on the product side too. It launched SBM V2, which is aimed at improving capital efficiency on the platform.

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That Binance integration is probably the bigger deal in terms of raw reach. Binance Wallet has a massive user base, and plugging JustLend DAO into that distribution channel could…

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