JustLend DAO burns $34.6M in JST in Q2, cumulative burn rate reaches 17.29%

JustLend DAO, a lending platform based on Tron (TRX), said it burned about 355.02 million JST, worth about $34.59 million, in the second quarter. Revenue from USDJ stablecoin stabilization fees was used to burn about 106.66 million JST, or about $10.39 million, accounting for 30.04% of the quarter's burned amount. As a result, about 1.71125 billion JST has been permanently burned since October 2025, equivalent to 17.29% of total supply and worth about $94.62 million. JustLend DAO said about $21.55 million is expected to be used for buybacks in the third quarter, although the figure could vary depending on actual revenue.