SUI recently unveiled its on-chain staking feature on Crypto.com, as announced through an official post on the Crypto.com website.

This staking feature enables Crypto.com to secure the token's blockchain technology while allowing users to earn up to 4% in token rewards by putting idle assets to work. Additionally, the platform offers the flexibility for users to unstake their assets conveniently and securely at any time.

The official post outlined a variety of tokens from different blockchains available for staking, including 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), and SOL (Solana).

SUI has experienced significant growth in 2024, emerging as one of the top performers with a growth rate of 200% and reaching a peak of $2.18 in March. Despite a subsequent 60% decline, the integration with Crypto.com is anticipated to positively impact its price. To address this decline, SUI has partnered with BytePlus, the technology subsidiary of the company behind TikTok US. This collaboration was announced at Sui Connect Dubai, where the focus is on exploring augmented reality, content generation, and data warehousing. By leveraging BytePlus's data warehouse, SUI aims to enhance its analytics capabilities.

Furthermore, the partnership with Crypto.com is expected to enhance SUI's market position. Currently trading at $1.22 with a 3.07% decrease in the past 24 hours, SUI's collaboration with market leaders is anticipated to further enhance its value.