The Native Altcoin for a Tron-based DeFi Ecosystem Surges by 22% on Friday
The governance token for the decentralized finance (DeFi) platform JUST (JST) experienced a significant surge of over 22% in one day. This surge occurred as the platform rolled out new mining rewards. Currently, JST is trading at around $0.0275, up from $0.0225 just one day ago. Despite the sideways movement of most cryptocurrencies in the market, JST managed to outpace them and climb the ranks to become the 123rd-ranked crypto asset by market cap.
JUST: Providing All-in-One Financial Solutions
JUST aims to offer comprehensive financial solutions to users through Tron-based DeFi protocols. The project’s lending platform, JustLend DAO, recently launched new mining rewards. Miners who supply liquidity on JustLend DAO will now receive additional mining rewards denominated in Tron’s stablecoin USDD, alongside supply interest. USDD is designed to maintain a 1:1 peg to the US dollar.
JST’s Price Increase and Tron’s Positive Day
Despite its recent price increase, JST remains more than 85% down from its all-time high in April 2021 when it reached over $0.193. Tron’s native asset, TRX, also had a positive day on Friday, with a 3.66% jump. TRX is currently trading at $0.089.
Hot Take: Under-the-Radar Altcoin Surges Amid New Mining Rewards
The native altcoin for the Tron-based DeFi ecosystem, JUST (JST), experienced a significant surge of over 22% in one day as new mining rewards were introduced. This surge outpaced the rest of the crypto market, which remained mostly stagnant. JUST aims to provide comprehensive financial solutions through its Tron-based DeFi protocols. The project’s lending platform, JustLend DAO, launched additional mining rewards for liquidity suppliers. Despite its recent price increase, JST is still far from its all-time high. Tron’s native asset, TRX, also had a positive day with a 3.66% jump in price.
Source: The Daily Hodl
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