$JST Another solid execution from the JUST team: Phase 2 of the $JST Buyback & Burn just wrapped up on January 15, 2026.
They've permanently burned 525 million $JST — roughly 5.3% of the total supply — with an estimated market value of around $21M at the time. This brings the cumulative burn to over 1.08 billion JST (about 11% of total supply gone forever since the program started).
What's particularly strong here is the funding: 100% comes from real protocol revenue — $10.19M from JustLend DAO's Q4 2025 net income plus $10.34M carried over from earlier periods. No fluff, just on-chain revenue from lending activity and USDD ecosystem earnings being recycled into buybacks and burns.
This creates a clear flywheel: more usage on JustLend/USDD → more revenue → more #JST removed from circulation → increased scarcity and potential long-term value accrual for holders.
The whole process is fully transparent, verifiable on TRON, and follows the community-approved proposal from late 2025. Quarterly burns seem locked in as the rhythm now.