- Analisado
- 19 de out. de 2026
- Motor
- v5.2.0
- Calculado
- 2026-10-19 05:19 UTC
- Hash de entradas
- a594c4f31b0a
O Lite desbloqueia JUST por completo. Variação, cenário, sinal, fatores de risco, catalisadores.
Pesquisa, não constitui aconselhamento financeiro. Leia os termos.
Evidências dos pilares
Conjunto de dados 19 de out. de 2026. 6 fontes, 12 citações.Em inglês
Sustentabilidade65
Transparência72
Receita64
Inovação57
Comunidade60
Tokenomics73
Fontes
- 1coingecko.com/en/coins/justCitado por Sustentabilidade, Comunidade, Tokenomics
- 2support.justlend.org/hc/en-us/articles/63334976912025-Announcement-on-Completion-of-the-5th-JST-Buyback-and-BurnCitado por Sustentabilidade, Receita, Tokenomics
- 3github.com/justlend/justlend-protocolCitado por Transparência, Inovação
- 4github.com/justlend/justlend-docsCitado por Transparência
- 5defillama.com/protocol/justlendCitado por Receita, Comunidade
- 6github.com/justlend/mcp-server-justlendCitado por Inovação
Sobre JUST
Análise de 19 de out. de 2026Em inglês Tradução pendente: esta análise é apresentada em inglês.
JUST is the governance and value-capture token for JustLend DAO and JustStable on the TRON blockchain. On October 19, 2026, CoinGecko reported $3.72 billion in total value locked, while DefiLlama tracked $7.00 billion supplied and $205.1 million borrowed.
Visão geral completaMostrar menos
Protocol net income from lending spreads, sTRX liquid staking, and Energy Rental funds recurring JST buybacks and burns. JustLend DAO completed its fifth buyback and burn on October 16, 2026, destroying 170.72 million JST worth $23.53 million.
Cumulative burns since October 2025 reached 1.88 billion JST, reducing the initial 9.90 billion supply by 19.01% to 8.02 billion circulating tokens. Operations remain concentrated on TRON, leaving the protocol dependent on single-network stablecoin settlement.
Tese de investimento
JST offers direct cash-flow exposure to TRON decentralized finance, anchored by large USDT and USDD liquidity pools. Unlike governance tokens without fee sharing, JustLend DAO routes operating earnings into programmatic token burns.
Tese completaMostrar menos
The October 16, 2026 fifth burn retired 170.72 million JST using $9.28 million from Q3 2026 net earnings and $10.34 million from prior reserves. Five completed burn rounds have permanently removed 1.88 billion JST, leaving all remaining 8.02 billion tokens in circulation on October 19, 2026.
That structure eliminates future unlock dilution and creates net deflation tied to protocol profitability. Key risks stem from single-chain concentration and low lending utilization relative to supplied collateral.
On October 19, 2026, DefiLlama reported $205.1 million in active borrows and $1.45 million in 30-day fees against a $1.11 billion market cap. A HOLD stance reflects durable TRON revenue and aggressive supply reductions balanced against ecosystem concentration risk.
Pontos fortes
- JustLend DAO completed its fifth burn on October 16, 2026, retiring 170.72 million JST worth $23.53 million from Q3 2026 and reserve earnings.
- Cumulative burns since October 2025 removed 1.88 billion JST, cutting the initial 9.90 billion supply by 19.01% to 8.02 billion circulating tokens.
- On October 19, 2026, CoinGecko recorded $3.72 billion in TVL, while DefiLlama tracked $7.00 billion in supplied TRON liquidity.
- Q3 2026 net operating income reached $9.28 million across money markets, sTRX liquid staking, and Energy Rental services.
- All remaining 8.02 billion JST tokens circulate on October 19, 2026, removing unissued token unlock overhang.
Riscos
- Exclusive deployment on TRON exposes JustLend to single-chain regulatory, technical, and stablecoin flow risks.
- On October 19, 2026, DefiLlama showed $205.1 million in borrowed assets against $7.00 billion supplied, indicating low capital utilization.
- Governance voting power and reserve management remain concentrated among core TRON ecosystem participants.
- JustLend lacks multi-chain market share compared with cross-chain lending leaders such as Aave and Morpho.
Posição competitiva
JustLend holds a near-monopoly on TRON money-market liquidity, backed by $3.72 billion in CoinGecko TVL on October 19, 2026. Integration with TRON sTRX staking and Energy Rental gives the DAO revenue streams beyond standard lending spreads.
Posição completaMostrar menos
Compared with multi-chain peers like Aave and Morpho, JustLend exhibits much lower loan utilization at $205.1 million borrowed on October 19, 2026. However, retiring 19.01% of total JST supply since October 2025 provides stronger direct token value accrual than many competing DeFi governance tokens.
Conclusão
JUST anchors TRON decentralized finance with $3.72 billion in CoinGecko TVL and 8.02 billion circulating tokens on October 19, 2026. The October 16, 2026 fifth burn destroyed 170.72 million JST worth $23.53 million, bringing cumulative supply reductions since October 2025 to 19.01%.
Conclusão completaMostrar menos
Low borrowing utilization at $205.1 million on DefiLlama and single-chain TRON exposure remain the primary structural constraints. A HOLD rating balances proven revenue-funded deflation against ecosystem concentration risk.
