diff --git a/app/components/UI/Tokens/__snapshots__/index.test.tsx.snap b/app/components/UI/Tokens/__snapshots__/index.test.tsx.snap
index 773a9b7e4e1..bd9e4453d2d 100644
--- a/app/components/UI/Tokens/__snapshots__/index.test.tsx.snap
+++ b/app/components/UI/Tokens/__snapshots__/index.test.tsx.snap
@@ -365,7 +365,7 @@ exports[`Tokens Portfolio View should match the snapshot when portfolio view is
                                 }
                               }
                             >
-                              Ethereum Main Network
+                              All Networks
                             </Text>
                             <SvgMock
                               color="#141618"
diff --git a/app/selectors/networkController.test.ts b/app/selectors/networkController.test.ts
index 4c636397dc5..0c3946640b6 100644
--- a/app/selectors/networkController.test.ts
+++ b/app/selectors/networkController.test.ts
@@ -110,15 +110,9 @@ describe('networkSelectors', () => {
     expect(selectNetworkClientId(mockState)).toBe('custom-network');
   });
 
-  it('selectIsAllNetworks should return false if tokenNetworkFilter length does not match networkConfigurations length', () => {
+  it('selectIsAllNetworks should return false if tokenNetworkFilter length is greater than 1', () => {
     const tokenNetworkFilter = { '0x1': 'true' };
-    expect(
-      selectIsAllNetworks.resultFunc(
-        mockState.engine.backgroundState.NetworkController
-          .networkConfigurationsByChainId,
-        tokenNetworkFilter,
-      ),
-    ).toBe(false);
+    expect(selectIsAllNetworks.resultFunc(tokenNetworkFilter)).toBe(false);
   });
 
   it('selectNetworkConfigurationByChainId should return the network configuration for a given chainId', () => {
diff --git a/app/selectors/networkController.ts b/app/selectors/networkController.ts
index c73222939d0..d74a47d6074 100644
--- a/app/selectors/networkController.ts
+++ b/app/selectors/networkController.ts
@@ -168,11 +168,13 @@ export const selectIsEIP1559Network = createSelector(
 );
 
 export const selectIsAllNetworks = createSelector(
-  selectNetworkConfigurations,
   (state: RootState) => selectTokenNetworkFilter(state),
-  (networkConfigurations, tokenNetworkFilter) =>
-    Object.keys(tokenNetworkFilter).length ===
-    Object.keys(networkConfigurations).length,
+  (tokenNetworkFilter) => {
+    if (Object.keys(tokenNetworkFilter).length === 1) {
+      return false;
+    }
+    return true;
+  },
 );
 
 export const selectNetworkConfigurationByChainId = createSelector(