Kraken Lists JST Token, Boosts TRON DeFi Ecosystem

Kraken, a leading global cryptocurrency exchange, has announced the listing of JUST (JST), the native governance token of the JUST ecosystem. This move introduces new trading pairs, JST/USD and JST/EUR, and coincides with the launch of the Reef Program airdrop, featuring a total prize pool of $90,000. The airdrop is designed to boost decentralized finance (DeFi) activities within the TRON network.

The JUST ecosystem, launched in 2020 by the JUST Foundation, is the first comprehensive DeFi ecosystem on the TRON network. It includes various DeFi solutions such as JustStable, JustLend DAO, Staked TRX (sTRX), Energy Rental, and JustCrypto. As of March 2025, JUST has a market cap of over $310 million and a Total Value Locked (TVL) of $8 billion, demonstrating its strong performance within the TRON ecosystem. Since its launch, JUST has achieved several significant milestones, including the pioneering of JustLend DAO, a decentralized finance (DeFi) lending platform built on TRON, and the launch of USDJ, a decentralized stablecoin fully backed on the TRON blockchain. JUST (JST) was also listed on major exchanges such as Binance and Upbit, marking its initial market entry.

In 2024, JUST expanded its international presence by listing on Brazil’s Mercado Bitcoin and Turkey’s Bitci exchanges. Additionally, JustLend DAO hosted HackaTRON Season 6 with TRON DAO, drawing over 500 developer teams. In 2025, JUST launched USDD 2.0 Beta offering 20% APY, fully subsidized by TRON DAO, and collaborated with Coinomi Wallet to enhance user integration and accessibility. JUST (JST) was also listed on Hashkey Global, significantly strengthening its market presence in the Asia-Pacific region.

The listing on Kraken signals growing confidence in JST’s underlying protocol and its long-term utility within decentralized finance. As part of the broader JUST ecosystem, JST serves as a foundational asset supporting stablecoin issuance, lending, and governance. This development reinforces JUST’s position as a key contributor to the TRON network’s expanding DeFi infrastructure. The addition of JST to Kraken's platform is a strategic move that enhances the token's global liquidity and credibility. Kraken is renowned for its stringent security measures and compliance standards, making it a trusted exchange for traders worldwide. The listing of JST follows the recent addition of Non-Fungible Tokens (NFTs) to Kraken, further integrating TRON ecosystem projects into the compliant market.

JST, with a market value of $324 million and a Total Value Locked (TVL) of $8 billion, plays a pivotal role in the TRON ecosystem's DeFi landscape. The token's innovative features, such as the upcoming USDD 2.0 launch, position it as a leader in the market. The Reef Program airdrop is expected to attract more users to the JST token, fostering greater engagement and participation within the TRON DeFi community. Kraken's endorsement of JST is a testament to the token's potential and the growing importance of the TRON ecosystem in the broader cryptocurrency market. This development is likely to support TRON's global DeFi strategy, providing users with more opportunities to engage in decentralized financial activities. The airdrop event, with its substantial prize pool, is anticipated to generate significant interest and drive further adoption of JST and the TRON network.