Phantom Wallet Plans to Stop Supporting Monad Network from August 26
Phantom plans to stop supporting the Monad network starting August 26.
The platform will guide Monad users to migrate or exchange assets through in-app notifications and support documents, while emphasizing that Monad assets will still be accessible during the transition period.
Market-wise, wallets compatible with Monad and the on-chain infrastructure that will take over the assets will benefit, while networks relying on a single wallet entry will be under pressure; since Phantom is a non-custodial wallet, users always control their mnemonic phrases, making the migration essentially an interface switch rather than a transfer of asset custody.
Source: Public Information
ABAB AI Insight
Phantom's withdrawal of support reflects not the risk to user assets, but the selective focus of wallet products in a multi-chain era. Public information shows that Phantom operates in a non-custodial manner, meaning users always retain control over their assets, which implies that the wallet's withdrawal of support will only change the access path, not the on-chain ownership.
From a capital perspective, such actions typically indicate that the wallet aims to concentrate resources on chain ecosystems with more certain growth, rather than continuing to maintain marginally profitable long-tail networks. Phantom had previously created access and guidance pages specifically for Monad, indicating that the current withdrawal is more of a product priority adjustment rather than a technical incompatibility.
Historically, multi-chain wallet strategies involve wallet companies initially casting a wide net to acquire users, then gradually narrowing the support range to concentrate operational, risk control, and product iteration resources on on-chain assets that can truly generate transactions, swaps, and activity. While Monad users can still migrate to compatible wallets using their mnemonic phrases, the narrowing of entry points will put pressure on new traffic and retention for the network.
This essentially represents a restructuring of the industry chain: wallets will no longer indiscriminately serve all chains, but will reallocate attention and technical resources, determining who can remain at the mainstream entry point and thus more easily gain user traffic and transaction depth.
ABAB News · Cognitive Laws
Wallets do not custody assets, but will custody entry points.
Once support shrinks, traffic will be redistributed.
In the multi-chain era, the truly scarce resource is the main entry point.