The change marks a strategic shift for a wallet launched on The Open Network in 2022, as its developers seek to position the platform beyond a single blockchain ecosystem. The product now supports TON, TRON, Solana, Ethereum, Base, BNB Chain, Polygon, Arbitrum, Monad, Avalanche and Hyperliquid, with Bitcoin identified as the next network on its roadmap.
Existing users will not need to migrate wallets or change seed phrases, a key point for a product operating in a market where user trust can be weakened by complicated upgrades, bridge risks and security failures. The rebrand keeps the open-source and self-custodial model intact, meaning users retain control over private keys, recovery phrases and funds rather than relying on a central custodian.
The move comes as crypto wallets are evolving from simple storage tools into gateways for payments, decentralised applications, staking, token swaps, non-fungible assets and AI-assisted portfolio management. My Wallet’s new positioning reflects this wider change, with portfolio tracking, in-app swaps, staking options, NFT support, Ledger connectivity and AI-enabled functions being used to attract users who operate across several networks rather than within a single chain.
The wallet’s TON origins remain central to its identity. TON has sought to build momentum through its links to Telegram’s vast user base and its focus on consumer-scale payments, gaming, digital collectibles and mini-apps. That association has helped TON-native products reach users outside the traditional crypto trading audience, but it has also placed pressure on wallet providers to support assets and activity beyond one ecosystem.
My Wallet’s expansion to Ethereum-compatible networks and Solana brings it into more direct competition with large multichain wallets that already serve decentralised finance users, traders and mobile-first crypto holders. MetaMask, Coinbase Wallet, Trust Wallet, Phantom and Bitget Wallet dominate many segments of the market, leaving smaller challengers to compete on user experience, security assurances, speed and ecosystem-specific features.
Security has become a central part of the wallet’s pitch. My Wallet has been audited by CertiK and ranks seventh on CertiK’s wallet security leaderboard, with a Skynet score in the mid-80s. Its developers also maintain reproducible builds and a bug bounty programme with $100,000 reserved through CertiK SkyShield. The team says no critical vulnerabilities have been reported through the programme since it went live in March 2024.
That emphasis is commercially important as wallet attacks remain one of the most damaging parts of the digital-asset sector. Private-key compromise, phishing, address poisoning, malicious browser extensions and clipboard-stealing malware have all become persistent threats. Wallets are now judged not only on whether they can store assets but also on whether they can help users recognise risky transactions, suspicious addresses and unauthorised signing requests before funds move irreversibly on-chain.
The self-custodial model gives users direct control but also transfers responsibility to them. Unlike exchange accounts, self-custody generally leaves no central authority able to reverse a mistaken transfer or recover a lost seed phrase. That creates a difficult balance for wallet developers: simplifying access for mainstream users while preserving the security discipline required for irreversible blockchain transactions.
The addition of a native AI agent signals where the next stage of wallet competition may be heading. AI tools are being tested across crypto interfaces to summarise portfolios, guide users through transactions, flag risk patterns and simplify complex on-chain activity. Adoption remains uneven, and such tools will face scrutiny over permissions, transaction signing and the possibility of users relying too heavily on automated prompts.
My Wallet’s rebrand also reflects a branding challenge faced by products built around a single blockchain that later expand into broader infrastructure. The MyTonWallet name made sense when the product was closely tied to TON, but it became limiting as support spread across major networks. The shorter My Wallet identity allows the company to market itself as a general-purpose crypto interface while retaining recognition among existing TON users.
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