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Something interesting is happening with (JST). Over the past six months, the protocol has completed three consecutive large token burn rounds—removing a total of 1.36 billion JST, which is 13.7% of the total supply. This is a significant reduction in supply.
See the latest data: the third round was completed in mid-April, where 271 million JST were burned. Before that, the first round was in October (559 million JST) and the second in January (525 million JST). Each time, this capital came from the actual income of JustLend DAO—no external funding.
This strategy is working. Since October, the price of JST has increased from $0.03 to $0.08—more than 100% growth. The market capitalization has reached $300 million from $684 million. When supply decreases and demand remains steady, this is what happens.
All of this has been made possible by the strong business model of JustLend DAO. SBM lending and sTRX staking are its main sources of income. With a total of $6.75 billion in locked capital, it is one of the top players in DeFi. In terms of transparency, all burn data can be verified on-chain.
So when you hear about JST, it’s not just another token—it's a project genuinely committed to reducing supply. It lays a solid foundation for long-term value growth.