diff --git a/app/components/UI/Tokens/index.tsx b/app/components/UI/Tokens/index.tsx
index 7248812d461..c87c8b843ce 100644
--- a/app/components/UI/Tokens/index.tsx
+++ b/app/components/UI/Tokens/index.tsx
@@ -13,7 +13,7 @@ import {
   selectChainId,
   selectNetworkConfigurations,
 } from '../../../selectors/networkController';
-import { getDecimalChainId } from '../../../util/networks';
+import { getDecimalChainId, isPortfolioViewEnabled } from '../../../util/networks';
 import { isZero } from '../../../util/lodash';
 import createStyles from './styles';
 import { TokenList } from './TokenList';
@@ -243,15 +243,13 @@ const Tokens: React.FC<TokensI> = ({ tokens }) => {
   const onActionSheetPress = (index: number) =>
     index === 0 ? removeToken() : null;
 
-  const isTokenFilterEnabled = process.env.PORTFOLIO_VIEW === 'true';
-
   return (
     <View
       style={styles.wrapper}
       testID={WalletViewSelectorsIDs.TOKENS_CONTAINER}
     >
       <View style={styles.actionBarWrapper}>
-        {isTokenFilterEnabled ? (
+        {isPortfolioViewEnabled ? (
           <View style={styles.controlButtonOuterWrapper}>
             <ButtonBase
               label={
diff --git a/app/components/hooks/AssetPolling/useTokenRatesPolling.ts b/app/components/hooks/AssetPolling/useTokenRatesPolling.ts
index dfc3240aa4f..85f29c2b1d5 100644
--- a/app/components/hooks/AssetPolling/useTokenRatesPolling.ts
+++ b/app/components/hooks/AssetPolling/useTokenRatesPolling.ts
@@ -1,19 +1,25 @@
 import { useSelector } from 'react-redux';
 import usePolling from '../usePolling';
 import Engine from '../../../core/Engine';
-import { selectNetworkConfigurations } from '../../../selectors/networkController';
+import { selectChainId, selectNetworkConfigurations } from '../../../selectors/networkController';
 import { Hex } from '@metamask/utils';
 import { selectContractExchangeRates, selectTokenMarketData } from '../../../selectors/tokenRatesController';
+import { isPortfolioViewEnabled } from '../../../util/networks';
 
 const useTokenRatesPolling = ({ chainIds }: { chainIds?: Hex[] } = {}) => {
 
   // Selectors to determine polling input
   const networkConfigurations = useSelector(selectNetworkConfigurations);
+  const currentChainId = useSelector(selectChainId);
 
   // Selectors returning state updated by the polling
   const contractExchangeRates = useSelector(selectContractExchangeRates);
   const tokenMarketData = useSelector(selectTokenMarketData);
 
+  const chainIdsToPoll = isPortfolioViewEnabled
+    ? [currentChainId]
+    : (chainIds ?? Object.keys(networkConfigurations));
+
   const { TokenRatesController } = Engine.context;
 
   usePolling({
@@ -21,7 +27,7 @@ const useTokenRatesPolling = ({ chainIds }: { chainIds?: Hex[] } = {}) => {
     TokenRatesController.startPolling.bind(TokenRatesController),
     stopPollingByPollingToken:
     TokenRatesController.stopPollingByPollingToken.bind(TokenRatesController),
-    input: (chainIds ?? Object.keys(networkConfigurations)).map((chainId) => ({chainId: chainId as Hex})),
+    input: chainIdsToPoll.map((chainId) => ({chainId: chainId as Hex})),
   });
 
   return {
diff --git a/app/util/networks/index.js b/app/util/networks/index.js
index 62491502031..b05627467d4 100644
--- a/app/util/networks/index.js
+++ b/app/util/networks/index.js
@@ -592,3 +592,6 @@ export const isChainPermissionsFeatureEnabled =
 
 export const isPermissionsSettingsV1Enabled =
   process.env.MM_PERMISSIONS_SETTINGS_V1_ENABLED === '1';
+
+export const isPortfolioViewEnabled =
+  process.env.PORTFOLIO_VIEW === 'true';