JustLend DAO’s Q2 2026 report shows what sustainable DeFi looks like when growth is backed by real protocol revenue, not short-term incentives.
Some of the biggest milestones from the quarter:
➺ 355.02M JST permanently burned in Q2, worth $34.59M
➺ 1.71B JST removed across four buyback & burn rounds, reducing total supply by 17.29%
➺ Treasury reserves climbed to $119.83M, supported by diversified revenue sources including USDJ stability fees and GasFree.
Growth continued across the ecosystem:
➺ SBM V2 attracted 485,669 users
➺ GasFree surpassed 359K users and processed 6.2M+ transactions
➺ USDD generated a $7.63M surplus, up 24.27% QoQ
➺ Energy reserves reached 47.45B, while rental service users grew to 81,013
Looking ahead, the protocol estimates $21.55M could be allocated for the next JST buyback in Q3, subject to realized revenue.
The report reflects a model where revenue strengthens reserves, reserves support buybacks, and governance aligns long-term incentives for the ecosystem.
That’s how sustainable value is built.
@DeFi_JUST @Justin Sun孙宇晨 #TRONEcoStar
Some of the biggest milestones from the quarter:
➺ 355.02M JST permanently burned in Q2, worth $34.59M
➺ 1.71B JST removed across four buyback & burn rounds, reducing total supply by 17.29%
➺ Treasury reserves climbed to $119.83M, supported by diversified revenue sources including USDJ stability fees and GasFree.
Growth continued across the ecosystem:
➺ SBM V2 attracted 485,669 users
➺ GasFree surpassed 359K users and processed 6.2M+ transactions
➺ USDD generated a $7.63M surplus, up 24.27% QoQ
➺ Energy reserves reached 47.45B, while rental service users grew to 81,013
Looking ahead, the protocol estimates $21.55M could be allocated for the next JST buyback in Q3, subject to realized revenue.
The report reflects a model where revenue strengthens reserves, reserves support buybacks, and governance aligns long-term incentives for the ecosystem.
That’s how sustainable value is built.
@DeFi_JUST @Justin Sun孙宇晨 #TRONEcoStar