Phantom will discontinue support for the Monad network on Aug. 26, directing users to migrate their assets, swap them where available, or import their Recovery Phrase into another compatible wallet.

Monad co-founder Keone Hon said the decision reflects a change in Phantom’s business strategy rather than a problem with the Monad network. Phantom said users will continue to retain full ownership of their onchain assets and will be able to access them through other Monad-compatible Ethereum Virtual Machine wallets.

The decision was disclosed after Phantom said it would focus on its core business. The announcement also came one day after Phantom integrated Robinhood Chain. Monad users are expected to receive in-app notifications with instructions on how to move or swap assets before Phantom support ends.

For users, the practical issue is access through Phantom’s interface rather than custody of the assets themselves. Because balances remain recorded onchain, the migration process centers on using another compatible wallet or available swap route before Phantom removes Monad from the app.

Keone Hon Addresses Phantom’s Decision

Keone Hon said Phantom told the Monad team that it would remove Monad, along with another network, as part of its business strategy. He described the move as a setback, noting that Monad aims to connect its network with more parts of the financial economy.

Hon also said wallets make decisions according to their own strategies. He noted that Phantom differs from many competing wallets because users cannot manually add their own networks inside the application. That design means network availability depends on Phantom’s supported list, rather than a user-configured connection to any compatible chain.

Hon encouraged Monad users to evaluate other Ethereum Virtual Machine wallets that support Monad. He named MetaMask, Backpack, Rabby Wallet, Rainbow, Infinex and Ambire as compatible alternatives.

Phantom Outlines Migration Options

Phantom said it will notify Monad users inside the app before the Aug. 26 deadline. Those messages will include links to information about available migration and swap options.

Because Phantom is self-custodial, the company said users will continue to own their assets after network support is removed. Users may import their Recovery Phrase into any Monad-compatible wallet, including after Phantom ends support for the network.

Phantom also said users may swap native MON for wrapped MON on Solana within Phantom. The wallet confirmed that Monad balances will remain onchain during and after the transition.

Balances Remain Onchain After Support Ends

After Aug. 26, Phantom will no longer display Monad balances or support sending, swapping or interacting with Monad-based assets within the application. Decentralized applications connected through Phantom will also disconnect from the Monad network.

Monad is an Ethereum-compatible Layer 1 blockchain that launched its public mainnet in November 2025. Its Ethereum Virtual Machine compatibility is relevant to the transition because users are being directed toward wallets that already support Monad rather than a new custody arrangement.

Phantom said users should rely only on official in-app notifications and support articles during the migration process. It also warned users to ignore requests for Recovery Phrases or offers of migration assistance.