JST cumulative burn ratio reaches 10.96%, over 1.085 billion tokens have been sent to the black hole address

According to Odaily, on-chain data from TRONSCAN shows that JST has been transferred to the black hole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb for permanent destruction. As of now, the total amount destroyed at this address has reached 1,084,891,079 JST, with a destruction value of approximately $44.83 million, accounting for 10.96% of the total JST supply. This large-scale burn not only demonstrates the project's ongoing commitment to advancing its deflationary mechanism, but also injects stronger scarcity support into the value foundation of JST, marking a new development stage where the JST ecosystem enters deflation-driven value growth.

(Note: A black hole address refers to a special on-chain address used to permanently lock tokens for the purpose of burning.)