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HomeFinance NewsFriday's New Mining Rewards Rollout Triggers 22% Surge in Quiet DeFi Crypto

Friday’s New Mining Rewards Rollout Triggers 22% Surge in Quiet DeFi Crypto

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The price of JUST (JST), the native altcoin for a decentralized finance (DeFi) ecosystem built on the Tron blockchain, has surged by over 22% in one day. The jump in price occurred as the project’s lending platform, JustLend DAO, launched new mining rewards. Miners who supply liquidity on JustLend DAO will now receive additional mining rewards denominated in Tron’s stablecoin, USDD, in addition to supply interest. Despite the price increase, JST still remains more than 85% down from its all-time high reached in April 2021.

JUST aims to provide all-in-one financial solutions through Tron-based DeFi protocols. This recent surge in price sets JST apart from the rest of the crypto marketplace, which has largely remained stagnant. Tron’s native asset, TRX, also experienced a positive day, with a 3.66% jump in price. Currently ranked 123rd by market cap, JST’s price increase signifies the growing interest and potential in the Tron ecosystem and its DeFi offerings. However, investors should also be aware that the cryptocurrency market is highly volatile, and due diligence is always advised before making any high-risk investments.

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