Phantom Wallet will discontinue Monad support on August 12, requiring users to migrate funds to alternative EVM-compatible wallets.
Tech & Launches ·
Phantom Wallet will discontinue support for Monad on August 12, requiring users to move their holdings to alternative EVM-compatible wallets before the cutoff. The wallet provider announced the decision with a migration deadline, pushing token holders to secure their assets elsewhere in advance. The exact reason for the discontinuation has not been specified in available statements.
Monad is an EVM-compatible Layer 1 blockchain that uses parallel execution and MonadBFT consensus to target 10,000 transactions per second, positioning itself between Ethereum's developer tooling and Solana-class throughput. The network preserves full EVM bytecode compatibility, allowing contracts and wallets built for Ethereum to operate without modification. Its growing ecosystem includes DeFi and real-world asset projects developed post-mainnet.
The removal marks a notable shift in wallet support for the protocol, though neither the technical nor commercial rationale behind Phantom's decision has been made public. It remains unclear whether other major wallet providers plan similar moves or whether the discontinuation reflects broader ecosystem concerns.