MyTonWallet Rebrands to My Wallet After Expanding to 11 Blockchains
1h ago|4 min readStandard
Fazen Markets Editorial Desk
Collective editorial team · methodology
mytonwallet-rebrandmulti-chain-wallet
Fazen Markets Editorial Desk
Collective editorial team · methodology
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MyTonWallet announced a major rebrand to My Wallet on June 23, 2026, following a significant technical expansion of its platform. The wallet now supports 11 distinct blockchain networks, a 266% increase from its previous four-chain offering. The rebrand and expansion aim to position the wallet as a universal portfolio management tool, moving beyond its original identity as a dedicated portal for the The Open Network (TON). This development was reported by Investing.com based on official company announcements and represents a strategic pivot in a crowded multi-chain wallet market.
Multi-chain wallet adoption has accelerated sharply since 2024. Major players like MetaMask, which supports over 20 networks, and Phantom, with its primary focus on Solana, have accumulated tens of millions of monthly active users. The competitive landscape entered a new phase in late 2025 when Coinbase Wallet integrated native Bitcoin support alongside its existing Ethereum Virtual Machine (EVM) chains.
MyTonWallet's expansion arrives during a period of heightened network fragmentation. User activity is distributed across more than a dozen Layer-1 and Layer-2 blockchains, each with its own native assets and decentralized applications. This fragmentation forces users to manage multiple wallets or accept the security risks of centralized custodians.
The direct catalyst for MyTonWallet's rebrand was its completed integration of seven new blockchains over a 90-day period. This technical milestone, which included networks like Solana, Avalanche, and Polygon, necessitated a brand identity reflecting its broader utility. The move from a network-specific name to a generic one follows a pattern set by projects like Terra's Luna rebrand to Luna Classic (LUNC) after its ecosystem collapse in 2022.
The wallet's supported network count surged from 4 to 11. This 175% increase in chain count was executed within one fiscal quarter. The newly added chains include Solana, Avalanche C-Chain, Polygon PoS, Arbitrum One, Optimism, Base, and zkSync Era.
MyTonWallet's user base reportedly grew from approximately 850,000 monthly active users in Q1 2026 to an estimated 1.2 million by the rebrand date. This represents a 41% quarterly growth rate. In comparison, industry leader MetaMask reported over 30 million monthly active users in its last public disclosure in Q4 2025.
| Metric | Pre-Expansion (Q1 2026) | Post-Expansion/Rebrand (Q2 2026) | Change |
|---|---|---|---|
| Supported Blockchains | 4 | 11 | +175% |
| Estimated MAUs | 850,000 | 1,200,000 | +41% |
| Primary Network Focus | TON only | Multi-chain | N/A |
The total value locked (TVL) across all 11 supported networks exceeds $80 billion. MyTonWallet's expansion gives its users direct, non-custodial access to this entire liquidity pool. The global non-custodial wallet market is projected to reach $12 billion in annual revenue by 2027, according to a 2025 report from Grand View Research.
The rebrand intensifies competition for wallet market share, directly pressuring incumbents like MetaMask and Phantom. Success for My Wallet could divert user activity and associated fee revenue, estimated in the hundreds of millions annually, from these established platforms. It also strengthens the utility of the TON token, which remains central to the wallet's gas fee mechanics on its native network, potentially increasing its transactional demand.
Blockchain infrastructure providers stand to benefit from increased integration. Chains like Solana (SOL) and Avalanche (AVAX) gain a new, sizable user conduit, which could boost on-chain metrics and developer interest. Companies focused on cross-chain messaging and bridge security, such as LayerZero and Wormhole, see expanded addressable market as wallet interoperability demands rise.
A key risk is smart contract security across 11 different execution environments. A vulnerability in any one integrated chain's library could compromise the entire wallet. The counter-argument is that established wallets have navigated this complexity for years, and My Wallet's code has undergone multiple audits.
Positioning data from crypto derivatives exchanges shows increased long interest in TON and AVAX following the announcement. Flow tracking indicates capital rotating from pure-play DeFi tokens toward interoperability and wallet infrastructure projects. Short interest in MetaMask's parent company, ConsenSys, has ticked higher, though it remains a privately held entity.
Market participants should monitor My Wallet's user adoption metrics in Q3 2026 earnings reports from analytics firms like DappRadar and Nansen. A failure to sustain the 41% quarterly growth rate would signal market saturation or execution challenges. The next catalyst is the planned integration of Bitcoin and Cosmos SDK-based chains, slated for completion by Q4 2026.
Key levels to watch include the TON/USD pair holding above its 200-day moving average near $7.50. A break below this level could indicate weak adoption of the wallet's native network features. For the broader sector, the combined market share of the top five non-custodial wallets, currently at 78%, will reveal if My Wallet is capturing new users or merely redistributing existing ones.
The Ethereum community's response to increased multi-chain activity will be critical. If Ethereum's upcoming Pectra upgrade in late 2026 significantly reduces gas fees and improves user experience, it could reduce incentives for users to fragment assets across alternative chains, impacting multi-chain wallet value propositions.
TON token utility is enhanced, not diminished. The rebrand to My Wallet shifts the project's focus from being a TON-only gateway to a multi-chain hub where TON is the preferred asset for gas on its native network. This could increase transactional demand for TON as users move it across the expanded ecosystem. Historical precedent exists with BNB's role in the Binance Chain and Binance Smart Chain ecosystems, where broad utility supported token valuation.
MetaMask supports over 20 networks but has historically been optimized for Ethereum Virtual Machine (EVM) compatible chains. My Wallet's integration of non-EVM chains like Solana and TON from inception provides a different technical architecture. This could offer performance advantages for specific chains but requires maintaining separate codebases, increasing development overhead and potential attack surfaces compared to a more homogeneous EVM-focused approach.
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