diff --git a/ui/components/app/assets/asset-list/asset-list-control-bar/asset-list-control-bar.tsx b/ui/components/app/assets/asset-list/asset-list-control-bar/asset-list-control-bar.tsx
index 00e0692cfc73..768d2bb896eb 100644
--- a/ui/components/app/assets/asset-list/asset-list-control-bar/asset-list-control-bar.tsx
+++ b/ui/components/app/assets/asset-list/asset-list-control-bar/asset-list-control-bar.tsx
@@ -1,6 +1,9 @@
 import React, { useEffect, useRef, useState, useContext, useMemo } from 'react';
 import { useDispatch, useSelector } from 'react-redux';
-import { getCurrentNetwork, getPreferences } from '../../../../../selectors';
+import {
+  getCurrentNetwork,
+  getTokenNetworkFilter,
+} from '../../../../../selectors';
 import { getNetworkConfigurationsByChainId } from '../../../../../../shared/modules/selectors/networks';
 import {
   Box,
@@ -55,7 +58,7 @@ const AssetListControlBar = ({ showTokensLinks }: AssetListControlBarProps) => {
   const currentNetwork = useSelector(getCurrentNetwork);
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
 
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const [isTokenSortPopoverOpen, setIsTokenSortPopoverOpen] = useState(false);
   const [isImportTokensPopoverOpen, setIsImportTokensPopoverOpen] =
     useState(false);
@@ -72,7 +75,7 @@ const AssetListControlBar = ({ showTokensLinks }: AssetListControlBarProps) => {
   });
 
   const allNetworksFilterShown =
-    Object.keys(tokenNetworkFilter || {}).length !==
+    Object.keys(tokenNetworkFilter).length !==
     Object.keys(allOpts || {}).length;
 
   useEffect(() => {
@@ -88,7 +91,7 @@ const AssetListControlBar = ({ showTokensLinks }: AssetListControlBarProps) => {
   useEffect(() => {
     if (
       process.env.PORTFOLIO_VIEW &&
-      Object.keys(tokenNetworkFilter || {}).length === 0
+      Object.keys(tokenNetworkFilter).length === 0
     ) {
       dispatch(setTokenNetworkFilter(allOpts));
     } else {
@@ -99,7 +102,7 @@ const AssetListControlBar = ({ showTokensLinks }: AssetListControlBarProps) => {
   // When a network gets added/removed we want to make sure that we switch to the filtered list of the current network
   // We only want to do this if the "Current Network" filter is selected
   useEffect(() => {
-    if (Object.keys(tokenNetworkFilter || {}).length === 1) {
+    if (Object.keys(tokenNetworkFilter).length === 1) {
       dispatch(setTokenNetworkFilter({ [currentNetwork.chainId]: true }));
     }
   }, [Object.keys(allNetworks).length]);
diff --git a/ui/components/app/assets/asset-list/asset-list.tsx b/ui/components/app/assets/asset-list/asset-list.tsx
index ab2adb308bf4..6a82295cb2f3 100644
--- a/ui/components/app/assets/asset-list/asset-list.tsx
+++ b/ui/components/app/assets/asset-list/asset-list.tsx
@@ -7,8 +7,8 @@ import {
   getAllDetectedTokensForSelectedAddress,
   getDetectedTokensInCurrentNetwork,
   getIstokenDetectionInactiveOnNonMainnetSupportedNetwork,
-  getPreferences,
   getSelectedAccount,
+  getTokenNetworkFilter,
 } from '../../../../selectors';
 import { getNetworkConfigurationsByChainId } from '../../../../../shared/modules/selectors/networks';
 import {
@@ -80,14 +80,14 @@ const AssetList = ({ onClickAsset, showTokensLinks }: AssetListProps) => {
   );
 
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const allOpts: Record<string, boolean> = {};
   Object.keys(allNetworks || {}).forEach((chainId) => {
     allOpts[chainId] = true;
   });
 
   const allNetworksFilterShown =
-    Object.keys(tokenNetworkFilter || {}).length !==
+    Object.keys(tokenNetworkFilter).length !==
     Object.keys(allOpts || {}).length;
 
   const [showFundingMethodModal, setShowFundingMethodModal] = useState(false);
diff --git a/ui/components/app/assets/asset-list/network-filter/network-filter.tsx b/ui/components/app/assets/asset-list/network-filter/network-filter.tsx
index e1fdd8db9535..eece5530eea4 100644
--- a/ui/components/app/assets/asset-list/network-filter/network-filter.tsx
+++ b/ui/components/app/assets/asset-list/network-filter/network-filter.tsx
@@ -3,10 +3,10 @@ import { useDispatch, useSelector } from 'react-redux';
 import { setTokenNetworkFilter } from '../../../../../store/actions';
 import {
   getCurrentNetwork,
-  getPreferences,
   getShouldHideZeroBalanceTokens,
   getSelectedAccount,
   getAllChainsToPoll,
+  getTokenNetworkFilter,
 } from '../../../../../selectors';
 import {
   getCurrentChainId,
@@ -48,7 +48,7 @@ const NetworkFilter = ({ handleClose }: SortControlProps) => {
   const selectedAccount = useSelector(getSelectedAccount);
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
   const [chainsToShow, setChainsToShow] = useState<string[]>([]);
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const shouldHideZeroBalanceTokens = useSelector(
     getShouldHideZeroBalanceTokens,
   );
@@ -102,7 +102,7 @@ const NetworkFilter = ({ handleClose }: SortControlProps) => {
     <>
       <SelectableListItem
         isSelected={
-          Object.keys(tokenNetworkFilter || {}).length ===
+          Object.keys(tokenNetworkFilter).length ===
           Object.keys(allNetworks || {}).length
         }
         onClick={() => handleFilter(allOpts)}
@@ -163,8 +163,8 @@ const NetworkFilter = ({ handleClose }: SortControlProps) => {
       </SelectableListItem>
       <SelectableListItem
         isSelected={
-          tokenNetworkFilter[chainId] &&
-          Object.keys(tokenNetworkFilter || {}).length === 1
+          Object.keys(tokenNetworkFilter).length === 1 &&
+          tokenNetworkFilter[chainId]
         }
         onClick={() => handleFilter({ [chainId]: true })}
         testId="network-filter-current"
diff --git a/ui/components/app/assets/token-list/token-list.tsx b/ui/components/app/assets/token-list/token-list.tsx
index d3e67f6204cc..8a8b207c6397 100644
--- a/ui/components/app/assets/token-list/token-list.tsx
+++ b/ui/components/app/assets/token-list/token-list.tsx
@@ -17,6 +17,7 @@ import {
   getSelectedAccountTokensAcrossChains,
   getShowFiatInTestnets,
   getTokenExchangeRates,
+  getTokenNetworkFilter,
 } from '../../../../selectors';
 import { getConversionRate } from '../../../../ducks/metamask/metamask';
 import { filterAssets } from '../util/filter';
@@ -86,8 +87,8 @@ export default function TokenList({
   const dispatch = useDispatch();
   const currentNetwork = useSelector(getCurrentNetwork);
   const allNetworks = useSelector(getNetworkConfigurationIdByChainId);
-  const { tokenSortConfig, tokenNetworkFilter, privacyMode } =
-    useSelector(getPreferences);
+  const { tokenSortConfig, privacyMode } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const selectedAccount = useSelector(getSelectedAccount);
   const conversionRate = useSelector(getConversionRate);
   const contractExchangeRates = useSelector(
@@ -116,7 +117,7 @@ export default function TokenList({
       const allNetworkFilters = Object.fromEntries(
         Object.keys(allNetworks).map((chainId) => [chainId, true]),
       );
-      if (Object.keys(tokenNetworkFilter || {}).length > 1) {
+      if (Object.keys(tokenNetworkFilter).length > 1) {
         dispatch(setTokenNetworkFilter(allNetworkFilters));
       }
     }
diff --git a/ui/components/app/detected-token/detected-token-selection-popover/detected-token-selection-popover.js b/ui/components/app/detected-token/detected-token-selection-popover/detected-token-selection-popover.js
index 4c674a5c437f..ae5e1048037f 100644
--- a/ui/components/app/detected-token/detected-token-selection-popover/detected-token-selection-popover.js
+++ b/ui/components/app/detected-token/detected-token-selection-popover/detected-token-selection-popover.js
@@ -17,7 +17,7 @@ import {
   getAllDetectedTokensForSelectedAddress,
   getCurrentNetwork,
   getDetectedTokensInCurrentNetwork,
-  getPreferences,
+  getTokenNetworkFilter,
 } from '../../../../selectors';
 
 import Popover from '../../../ui/popover';
@@ -41,14 +41,14 @@ const DetectedTokenSelectionPopover = ({
 
   const detectedTokens = useSelector(getDetectedTokensInCurrentNetwork);
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const allOpts = {};
   Object.keys(allNetworks || {}).forEach((networkId) => {
     allOpts[networkId] = true;
   });
 
   const allNetworksFilterShown =
-    Object.keys(tokenNetworkFilter || {}).length !==
+    Object.keys(tokenNetworkFilter).length !==
     Object.keys(allOpts || {}).length;
 
   const currentNetwork = useSelector(getCurrentNetwork);
diff --git a/ui/components/app/detected-token/detected-token.js b/ui/components/app/detected-token/detected-token.js
index 12957e1aca31..8d9d4735eb96 100644
--- a/ui/components/app/detected-token/detected-token.js
+++ b/ui/components/app/detected-token/detected-token.js
@@ -16,7 +16,7 @@ import {
 import {
   getAllDetectedTokensForSelectedAddress,
   getDetectedTokensInCurrentNetwork,
-  getPreferences,
+  getTokenNetworkFilter,
 } from '../../../selectors';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 
@@ -63,14 +63,14 @@ const DetectedToken = ({ setShowDetectedTokens }) => {
   );
   const currentChainId = useSelector(getCurrentChainId);
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const allOpts = {};
   Object.keys(allNetworks || {}).forEach((chainId) => {
     allOpts[chainId] = true;
   });
 
   const allNetworksFilterShown =
-    Object.keys(tokenNetworkFilter || {}).length !==
+    Object.keys(tokenNetworkFilter).length !==
     Object.keys(allOpts || {}).length;
 
   const totalDetectedTokens = useMemo(() => {
diff --git a/ui/components/multichain/detected-token-banner/detected-token-banner.js b/ui/components/multichain/detected-token-banner/detected-token-banner.js
index 7cd315d57cab..2b6f7238024f 100644
--- a/ui/components/multichain/detected-token-banner/detected-token-banner.js
+++ b/ui/components/multichain/detected-token-banner/detected-token-banner.js
@@ -11,7 +11,7 @@ import {
 import {
   getDetectedTokensInCurrentNetwork,
   getAllDetectedTokensForSelectedAddress,
-  getPreferences,
+  getTokenNetworkFilter,
 } from '../../../selectors';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 import {
@@ -28,7 +28,7 @@ export const DetectedTokensBanner = ({
 }) => {
   const t = useI18nContext();
   const trackEvent = useContext(MetaMetricsContext);
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const allNetworks = useSelector(getNetworkConfigurationsByChainId);
 
   const allOpts = {};
@@ -37,7 +37,7 @@ export const DetectedTokensBanner = ({
   });
 
   const allNetworksFilterShown =
-    Object.keys(tokenNetworkFilter || {}).length !==
+    Object.keys(tokenNetworkFilter).length !==
     Object.keys(allOpts || {}).length;
 
   const detectedTokens = useSelector(getDetectedTokensInCurrentNetwork);
diff --git a/ui/components/multichain/network-list-menu/network-list-menu.tsx b/ui/components/multichain/network-list-menu/network-list-menu.tsx
index 28680b24ba45..390996980f11 100644
--- a/ui/components/multichain/network-list-menu/network-list-menu.tsx
+++ b/ui/components/multichain/network-list-menu/network-list-menu.tsx
@@ -54,7 +54,7 @@ import {
   getAllDomains,
   getPermittedChainsForSelectedTab,
   getPermittedAccountsForSelectedTab,
-  getPreferences,
+  getTokenNetworkFilter,
 } from '../../../selectors';
 import ToggleButton from '../../ui/toggle-button';
 import {
@@ -116,7 +116,7 @@ export const NetworkListMenu = ({ onClose }: { onClose: () => void }) => {
   const dispatch = useDispatch();
   const trackEvent = useContext(MetaMetricsContext);
 
-  const { tokenNetworkFilter } = useSelector(getPreferences);
+  const tokenNetworkFilter = useSelector(getTokenNetworkFilter);
   const showTestNetworks = useSelector(getShowTestNetworks);
   const currentChainId = useSelector(getCurrentChainId);
   const selectedTabOrigin = useSelector(getOriginOfCurrentTab);
diff --git a/ui/selectors/selectors.js b/ui/selectors/selectors.js
index 4d14fe94cef5..4ed325d2e7e1 100644
--- a/ui/selectors/selectors.js
+++ b/ui/selectors/selectors.js
@@ -1076,8 +1076,7 @@ export function getPetnamesEnabled(state) {
 
 export function getIsTokenNetworkFilterEqualCurrentNetwork(state) {
   const chainId = getCurrentChainId(state);
-  const { tokenNetworkFilter: tokenNetworkFilterValue } = getPreferences(state);
-  const tokenNetworkFilter = tokenNetworkFilterValue || {};
+  const tokenNetworkFilter = getTokenNetworkFilter(state);
   if (
     Object.keys(tokenNetworkFilter).length === 1 &&
     Object.keys(tokenNetworkFilter)[0] === chainId
@@ -1087,6 +1086,11 @@ export function getIsTokenNetworkFilterEqualCurrentNetwork(state) {
   return false;
 }
 
+export function getTokenNetworkFilter(state) {
+  const { tokenNetworkFilter } = getPreferences(state);
+  return tokenNetworkFilter || {};
+}
+
 export function getUseTransactionSimulations(state) {
   return Boolean(state.metamask.useTransactionSimulations);
 }