How JST Quietly Became One of DeFi’s Most Disciplined Economic Models
$38.7M burned.
1.08B JST removed from circulation.
And the momentum is still building.
What’s happening with $JST isn’t a one-time buyback or short-term narrative. It’s the result of a carefully designed, revenue-powered system built on fundamentals.
In under three months, @DeFi_JUST permanently eliminated over 1.08 billion JST, reducing total supply by nearly 11% across two phases. That represents almost $38.7 million in value removed, with the second phase alone burning more than $21 million.
Most importantly, this deflation was funded by real protocol profits. Over $20 million came from verified net income and reserve earnings, not token emissions or speculation.
This creates a self-reinforcing cycle: revenue funds buybacks, buybacks reduce supply, and reduced supply strengthens reserves.
That revenue comes from a growing ecosystem. sTRX staking exceeds 9.3B TRX, GasFree Wallet has processed over $46B in volume, and USDD yield products continue driving usage.
With USDD TVL surpassing $1B, future ecosystem growth will further support JST buybacks.
JST is evolving into a cash-flow-backed, governance-driven asset offering a clear model for sustainable DeFi value.
