On July 29, on-chain data showed that the JST black hole address has burned more than 1.604 billion tokens, with an on-chain value of about $161 million. According to Odaily, since the buyback-and-burn plan began, JustLend DAO has completed four rounds of buybacks and burns driven by protocol revenue, with all actions publicly visible on-chain.

JST's cumulative burns have exceeded 17% of total supply. JustLend DAO said it will continue to update its buyback-and-burn mechanism based on protocol revenue.