cryptonewsz.com
SUI recently announced the release of its on-chain staking feature on Crypto.com. The announcement was made via an official post on Crypto.com’s website.
With staking, Crypto.com secures the token’s blockchain technology while putting idle assets to work. The platform provides users with a chance to earn up to 4% in token rewards. Besides this, the exchange allows the flexibility of unstaking staked assets at any time conveniently and securely.
The official post listed the tokens from different blockchains available for staking. According to the latest Crypto.com review, the list includes:
- SUI (Sui)
- KAVA (Kava)
- MINA (Mina)
- SEI (Sei)
- KSM (Kusama)
- TIA (Celestia)
- CSPR (Casper Network)
- APT (Aptos)
- NEAR (NEAR Protocol)
- INJ (Injective)
- EGLD (MultiversX)
- ATOM (Cosmos)
- ADA (Cardano)
- DOT (Polkadot)
- CRO (Cronos)
- AVAX (Avalanche)
- ETH (Ethereum)
- MATIC (Polygon)
- SOL (Solana)
The year has been an eventful endeavor for SUI, as the token has been among the best performers in 2024. The coin achieved a growth rate of 200% before hitting its peak of 2.18 dollars in March.
While the coin has dropped 60% since then, the latest integration is expected to boost its price. To deal with the drop, SUI has joined hands with BytePlus, the technology subsidiary of the company behind TikTok US.
Sui announced the collaboration at Sui Connect Dubai, where the venture is exploring augmented reality, content generation, and data warehousing. With this development, Sui can leverage BytePlus’s data warehouse to elevate SUI analytics.
At the same time, the partnership with Crypto.com will help SUI improve its market standing. The coin is trading at 1.22 dollars, with a 3.07% dip in the past 24 hours. Seeing how crypto collaborates with market leaders, its value is also expected to improve.