diff --git a/ui/components/app/add-network/add-network.js b/ui/components/app/add-network/add-network.js
index 834db14cc..a44c5258d 100644
--- a/ui/components/app/add-network/add-network.js
+++ b/ui/components/app/add-network/add-network.js
@@ -14,7 +14,6 @@ import {
   BackgroundColor,
   TextColor,
   IconColor,
-  Size,
 } from '../../../helpers/constants/design-system';
 import Button from '../../ui/button';
 import Tooltip from '../../ui/tooltip';
@@ -40,6 +39,7 @@ import {
   IconName,
   IconSize,
   AvatarNetwork,
+  AvatarNetworkSize,
   Text,
 } from '../../component-library';
 import { MetaMetricsNetworkEventSource } from '../../../../shared/constants/metametrics';
@@ -199,7 +199,7 @@ const AddNetwork = () => {
               >
                 <Box display={Display.Flex} alignItems={AlignItems.center}>
                   <AvatarNetwork
-                    size={Size.SM}
+                    size={AvatarNetworkSize.Sm}
                     src={item.rpcPrefs?.imageUrl}
                     name={item.nickname}
                   />
diff --git a/ui/components/app/transaction-list-item/smart-transaction-list-item.component.js b/ui/components/app/transaction-list-item/smart-transaction-list-item.component.js
index 7ea134bb9..206fa0ec3 100644
--- a/ui/components/app/transaction-list-item/smart-transaction-list-item.component.js
+++ b/ui/components/app/transaction-list-item/smart-transaction-list-item.component.js
@@ -18,6 +18,7 @@ import TransactionListItemDetails from '../transaction-list-item-details';
 import { ActivityListItem } from '../../multichain';
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
   Box,
@@ -25,7 +26,6 @@ import {
 import {
   BackgroundColor,
   Display,
-  Size,
 } from '../../../helpers/constants/design-system';
 import { getCurrentNetwork } from '../../../selectors';
 
@@ -77,7 +77,7 @@ export default function SmartTransactionListItem({
               <AvatarNetwork
                 className="activity-tx__network-badge"
                 data-testid="activity-tx-network-badge"
-                size={Size.XS}
+                size={AvatarNetworkSize.Xs}
                 name={currentChain?.nickname}
                 src={currentChain?.rpcPrefs?.imageUrl}
                 borderWidth={1}
diff --git a/ui/components/app/transaction-list-item/transaction-list-item.component.js b/ui/components/app/transaction-list-item/transaction-list-item.component.js
index ec8f1ed1a..4d0ef1298 100644
--- a/ui/components/app/transaction-list-item/transaction-list-item.component.js
+++ b/ui/components/app/transaction-list-item/transaction-list-item.component.js
@@ -18,12 +18,12 @@ import {
   Color,
   Display,
   FontWeight,
-  Size,
   TextAlign,
   TextVariant,
 } from '../../../helpers/constants/design-system';
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
   Box,
@@ -273,7 +273,7 @@ function TransactionListItemInner({
                 <AvatarNetwork
                   className="activity-tx__network-badge"
                   data-testid="activity-tx-network-badge"
-                  size={Size.XS}
+                  size={AvatarNetworkSize.Xs}
                   name={currentChain?.nickname}
                   src={currentChain?.rpcPrefs?.imageUrl}
                   borderWidth={1}
diff --git a/ui/components/component-library/avatar-base/avatar-base.tsx b/ui/components/component-library/avatar-base/avatar-base.tsx
index 4f42fc394..191c2ea4c 100644
--- a/ui/components/component-library/avatar-base/avatar-base.tsx
+++ b/ui/components/component-library/avatar-base/avatar-base.tsx
@@ -15,7 +15,7 @@ import {
 
 import type { PolymorphicRef } from '../box';
 import { Text } from '../text';
-
+import type { TextProps } from '../text';
 import {
   AvatarBaseComponent,
   AvatarBaseProps,
@@ -60,7 +60,7 @@ export const AvatarBase: AvatarBaseComponent = React.forwardRef(
         variant={fallbackTextVariant}
         textTransform={TextTransform.Uppercase}
         {...{ backgroundColor, borderColor, color }}
-        {...props} // TODO: There is a typing issue with spreading props to the Box component. It still works but TypeScript complains.
+        {...(props as TextProps<C>)}
       >
         {children}
       </Text>
diff --git a/ui/components/component-library/avatar-base/avatar-base.types.ts b/ui/components/component-library/avatar-base/avatar-base.types.ts
index 5c5aeef9b..63ab72601 100644
--- a/ui/components/component-library/avatar-base/avatar-base.types.ts
+++ b/ui/components/component-library/avatar-base/avatar-base.types.ts
@@ -14,7 +14,7 @@ export enum AvatarBaseSize {
   Xl = 'xl',
 }
 
-export interface Props extends TextStyleUtilityProps {
+export interface AvatarBaseStyleUtilityProps extends TextStyleUtilityProps {
   /**
    * The size of the AvatarBase.
    * Possible values could be 'AvatarBaseSize.Xs'(16px), 'AvatarBaseSize.Sm'(24px),
@@ -48,7 +48,7 @@ export interface Props extends TextStyleUtilityProps {
 }
 
 export type AvatarBaseProps<C extends React.ElementType> =
-  PolymorphicComponentPropWithRef<C, Props>;
+  PolymorphicComponentPropWithRef<C, AvatarBaseStyleUtilityProps>;
 
 export type AvatarBaseComponent = <C extends React.ElementType = 'span'>(
   props: AvatarBaseProps<C>,
diff --git a/ui/components/component-library/avatar-network/README.mdx b/ui/components/component-library/avatar-network/README.mdx
index 81a32c49e..beddfd9c9 100644
--- a/ui/components/component-library/avatar-network/README.mdx
+++ b/ui/components/component-library/avatar-network/README.mdx
@@ -12,7 +12,7 @@ The `AvatarNetwork` is a component responsible for display of the image of a giv
 
 ## Props
 
-The `AvatarNetwork` accepts all props below as well as all [Box](/docs/components-ui-box--default-story#props) component props
+The `AvatarNetwork` accepts all props below as well as all [Box](/docs/components-componentlibrary-box--docs#props) component props
 
 <ArgsTable of={AvatarNetwork} />
 
@@ -37,13 +37,13 @@ The fallback display of the `AvatarNetwork` is a circle with the initial letter
 </Canvas>
 
 ```jsx
-import { Size } from '../../../helpers/constants/design-system';
-import { AvatarNetwork } from '../../component-library';
-<AvatarNetwork size={Size.XS} />
-<AvatarNetwork size={Size.SM} />
-<AvatarNetwork size={Size.MD} />
-<AvatarNetwork size={Size.LG} />
-<AvatarNetwork size={Size.XL} />
+import { AvatarNetwork, AvatarNetworkSize } from '../../component-library';
+
+<AvatarNetwork size={AvatarNetworkSize.Xs} />
+<AvatarNetwork size={AvatarNetworkSize.Sm} />
+<AvatarNetwork size={AvatarNetworkSize.Md} />
+<AvatarNetwork size={AvatarNetworkSize.Lg} />
+<AvatarNetwork size={AvatarNetworkSize.Xl} />
 ```
 
 ### Name
diff --git a/ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.js.snap b/ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.tsx.snap
similarity index 81%
rename from ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.js.snap
rename to ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.tsx.snap
index 36aa6b484..b186d4aa0 100644
--- a/ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.js.snap
+++ b/ui/components/component-library/avatar-network/__snapshots__/avatar-network.test.tsx.snap
@@ -6,7 +6,11 @@ exports[`AvatarNetwork should render correctly 1`] = `
     class="mm-box mm-text mm-avatar-base mm-avatar-base--size-md mm-avatar-network mm-text--body-sm mm-text--text-transform-uppercase mm-box--display-flex mm-box--justify-content-center mm-box--align-items-center mm-box--color-text-default mm-box--background-color-background-alternative mm-box--rounded-full mm-box--border-color-transparent box--border-style-solid box--border-width-1"
     data-testid="avatar-network"
   >
-    ?
+    <img
+      alt="ethereum logo"
+      class="mm-avatar-network__network-image"
+      src="./images/eth_logo.png"
+    />
   </div>
 </div>
 `;
diff --git a/ui/components/component-library/avatar-network/avatar-network.constants.js b/ui/components/component-library/avatar-network/avatar-network.constants.js
deleted file mode 100644
index 50c261eab..000000000
--- a/ui/components/component-library/avatar-network/avatar-network.constants.js
+++ /dev/null
@@ -1,9 +0,0 @@
-import { Size } from '../../../helpers/constants/design-system';
-
-export const AVATAR_NETWORK_SIZES = {
-  XS: Size.XS,
-  SM: Size.SM,
-  MD: Size.MD,
-  LG: Size.LG,
-  XL: Size.XL,
-};
diff --git a/ui/components/component-library/avatar-network/avatar-network.js b/ui/components/component-library/avatar-network/avatar-network.js
deleted file mode 100644
index cdc18025d..000000000
--- a/ui/components/component-library/avatar-network/avatar-network.js
+++ /dev/null
@@ -1,133 +0,0 @@
-import React, { useState, useEffect } from 'react';
-import PropTypes from 'prop-types';
-import classnames from 'classnames';
-import { AvatarBase } from '../avatar-base';
-import Box from '../../ui/box/box';
-import {
-  Size,
-  DISPLAY,
-  AlignItems,
-  JustifyContent,
-  TextColor,
-  BackgroundColor,
-  BorderColor,
-} from '../../../helpers/constants/design-system';
-import { AVATAR_NETWORK_SIZES } from './avatar-network.constants';
-
-export const AvatarNetwork = React.forwardRef(
-  (
-    {
-      size = Size.MD,
-      name,
-      src,
-      showHalo,
-      color = TextColor.textDefault,
-      backgroundColor = BackgroundColor.backgroundAlternative,
-      borderColor = BorderColor.transparent,
-      className,
-      ...props
-    },
-    ref,
-  ) => {
-    const [showFallback, setShowFallback] = useState(false);
-
-    useEffect(() => {
-      setShowFallback(!src);
-    }, [src]);
-
-    const fallbackString = name && name[0] ? name[0] : '?';
-
-    const handleOnError = () => {
-      setShowFallback(true);
-    };
-
-    return (
-      <AvatarBase
-        ref={ref}
-        size={size}
-        display={DISPLAY.FLEX}
-        alignItems={AlignItems.center}
-        justifyContent={JustifyContent.center}
-        className={classnames(
-          'mm-avatar-network',
-          showHalo && 'mm-avatar-network--with-halo',
-          className,
-        )}
-        {...{ backgroundColor, borderColor, color, ...props }}
-      >
-        {showFallback ? (
-          fallbackString
-        ) : (
-          <>
-            {showHalo && (
-              <img
-                src={src}
-                className={
-                  showHalo ? 'mm-avatar-network__network-image--blurred' : ''
-                }
-                aria-hidden="true"
-              />
-            )}
-            <img
-              className={
-                showHalo
-                  ? 'mm-avatar-network__network-image--size-reduced'
-                  : 'mm-avatar-network__network-image'
-              }
-              onError={handleOnError}
-              src={src}
-              alt={`${name} logo` || 'network logo'}
-            />
-          </>
-        )}
-      </AvatarBase>
-    );
-  },
-);
-
-AvatarNetwork.propTypes = {
-  /**
-   * The name accepts the string to render the first alphabet of the Avatar Name
-   */
-  name: PropTypes.string,
-  /**
-   * The src accepts the string of the image to be rendered
-   */
-  src: PropTypes.string,
-  /**
-   * The showHalo accepts a boolean prop to render the image with halo effect
-   */
-  showHalo: PropTypes.bool,
-  /**
-   * The size of the AvatarNetwork
-   * Possible values could be Size.XS(16px), Size.SM(24px), Size.MD(32px), Size.LG(40px), Size.XL(48px)
-   * Defaults to Size.MD
-   */
-  size: PropTypes.oneOf(Object.values(AVATAR_NETWORK_SIZES)),
-  /**
-   * The background color of the AvatarNetwork
-   * Defaults to BackgroundColor.backgroundAlternative
-   */
-  backgroundColor: PropTypes.oneOf(Object.values(BackgroundColor)),
-  /**
-   * The background color of the AvatarNetwork
-   * Defaults to BorderColor.borderDefault
-   */
-  borderColor: PropTypes.oneOf(Object.values(BorderColor)),
-  /**
-   * The color of the text inside the AvatarNetwork
-   * Defaults to TextColor.textDefault
-   */
-  color: PropTypes.oneOf(Object.values(TextColor)),
-  /**
-   * Additional classNames to be added to the AvatarNetwork
-   */
-  className: PropTypes.string,
-  /**
-   * AvatarNetwork also accepts all Box props including but not limited to
-   * className, as(change root element of HTML element) and margin props
-   */
-  ...Box.propTypes,
-};
-
-AvatarNetwork.displayName = 'AvatarNetwork';
diff --git a/ui/components/component-library/avatar-network/avatar-network.stories.js b/ui/components/component-library/avatar-network/avatar-network.stories.tsx
similarity index 61%
rename from ui/components/component-library/avatar-network/avatar-network.stories.js
rename to ui/components/component-library/avatar-network/avatar-network.stories.tsx
index 811864f69..277409ab7 100644
--- a/ui/components/component-library/avatar-network/avatar-network.stories.js
+++ b/ui/components/component-library/avatar-network/avatar-network.stories.tsx
@@ -1,20 +1,17 @@
 import React from 'react';
+import { StoryFn, Meta } from '@storybook/react';
 import {
-  Size,
-  DISPLAY,
+  Display,
   TextColor,
   BackgroundColor,
   BorderColor,
-  Color,
   AlignItems,
 } from '../../../helpers/constants/design-system';
-
-import Box from '../../ui/box/box';
-
+import { Box } from '..';
+import { AvatarNetworkSize } from './avatar-network.types';
 import README from './README.mdx';
 
 import { AvatarNetwork } from './avatar-network';
-import { AVATAR_NETWORK_SIZES } from './avatar-network.constants';
 
 export default {
   title: 'Components/ComponentLibrary/AvatarNetwork',
@@ -27,7 +24,7 @@ export default {
   argTypes: {
     size: {
       control: 'select',
-      options: Object.values(AVATAR_NETWORK_SIZES),
+      options: Object.values(AvatarNetworkSize),
     },
     color: {
       options: Object.values(TextColor),
@@ -54,38 +51,38 @@ export default {
   args: {
     name: 'Arbitrum One',
     src: './images/arbitrum.svg',
-    size: Size.MD,
+    size: AvatarNetworkSize.Md,
     showHalo: false,
   },
-};
+} as Meta<typeof AvatarNetwork>;
 
-const Template = (args) => {
+const Template: StoryFn<typeof AvatarNetwork> = (args) => {
   return <AvatarNetwork {...args} />;
 };
 
 export const DefaultStory = Template.bind({});
 DefaultStory.storyName = 'Default';
 
-export const SizeStory = (args) => (
+export const SizeStory: StoryFn<typeof AvatarNetwork> = (args) => (
   <>
     <Box
-      display={DISPLAY.FLEX}
+      display={Display.Flex}
       alignItems={AlignItems.flexEnd}
       gap={1}
       marginBottom={4}
     >
-      <AvatarNetwork {...args} size={Size.XS} />
-      <AvatarNetwork {...args} size={Size.SM} />
-      <AvatarNetwork {...args} size={Size.MD} />
-      <AvatarNetwork {...args} size={Size.LG} />
-      <AvatarNetwork {...args} size={Size.XL} />
+      <AvatarNetwork {...args} size={AvatarNetworkSize.Xs} />
+      <AvatarNetwork {...args} size={AvatarNetworkSize.Sm} />
+      <AvatarNetwork {...args} size={AvatarNetworkSize.Md} />
+      <AvatarNetwork {...args} size={AvatarNetworkSize.Lg} />
+      <AvatarNetwork {...args} size={AvatarNetworkSize.Xl} />
     </Box>
-    <Box display={DISPLAY.FLEX} alignItems={AlignItems.flexEnd} gap={1}>
-      <AvatarNetwork {...args} src="" size={Size.XS} />
-      <AvatarNetwork {...args} src="" size={Size.SM} />
-      <AvatarNetwork {...args} src="" size={Size.MD} />
-      <AvatarNetwork {...args} src="" size={Size.LG} />
-      <AvatarNetwork {...args} src="" size={Size.XL} />
+    <Box display={Display.Flex} alignItems={AlignItems.flexEnd} gap={1}>
+      <AvatarNetwork {...args} src="" size={AvatarNetworkSize.Xs} />
+      <AvatarNetwork {...args} src="" size={AvatarNetworkSize.Sm} />
+      <AvatarNetwork {...args} src="" size={AvatarNetworkSize.Md} />
+      <AvatarNetwork {...args} src="" size={AvatarNetworkSize.Lg} />
+      <AvatarNetwork {...args} src="" size={AvatarNetworkSize.Xl} />
     </Box>
   </>
 );
@@ -96,8 +93,8 @@ Name.args = {
   src: '',
 };
 
-export const Src = (args) => (
-  <Box display={DISPLAY.FLEX} gap={1}>
+export const Src: StoryFn<typeof AvatarNetwork> = (args) => (
+  <Box display={Display.Flex} gap={1}>
     <AvatarNetwork {...args} src="./images/matic-token.png" />
     <AvatarNetwork {...args} src="./images/arbitrum.svg" />
     <AvatarNetwork {...args} src="./images/optimism.svg" />
@@ -115,21 +112,23 @@ ShowHalo.args = {
   showHalo: true,
 };
 
-export const ColorBackgroundColorAndBorderColor = (args) => (
-  <Box display={DISPLAY.FLEX} gap={1}>
+export const ColorBackgroundColorAndBorderColor: StoryFn<
+  typeof AvatarNetwork
+> = (args) => (
+  <Box display={Display.Flex} gap={1}>
     <AvatarNetwork
       {...args}
       backgroundColor={BackgroundColor.goerli}
       borderColor={BorderColor.goerli}
       name="G"
-      color={Color.goerliInverse}
+      color={TextColor.goerliInverse}
     />
     <AvatarNetwork
       {...args}
       backgroundColor={BackgroundColor.sepolia}
       borderColor={BorderColor.sepolia}
       name="S"
-      color={Color.goerliInverse}
+      color={TextColor.goerliInverse}
     />
   </Box>
 );
diff --git a/ui/components/component-library/avatar-network/avatar-network.test.js b/ui/components/component-library/avatar-network/avatar-network.test.tsx
similarity index 67%
rename from ui/components/component-library/avatar-network/avatar-network.test.js
rename to ui/components/component-library/avatar-network/avatar-network.test.tsx
index 4eb5ed202..27efe0948 100644
--- a/ui/components/component-library/avatar-network/avatar-network.test.js
+++ b/ui/components/component-library/avatar-network/avatar-network.test.tsx
@@ -8,7 +8,7 @@ import {
   TextColor,
 } from '../../../helpers/constants/design-system';
 
-import { AvatarNetwork } from './avatar-network';
+import { AvatarNetwork, AvatarNetworkSize } from '.';
 
 describe('AvatarNetwork', () => {
   const args = {
@@ -19,7 +19,7 @@ describe('AvatarNetwork', () => {
 
   it('should render correctly', () => {
     const { getByTestId, container } = render(
-      <AvatarNetwork data-testid="avatar-network" />,
+      <AvatarNetwork {...args} data-testid="avatar-network" />,
     );
     expect(getByTestId('avatar-network')).toBeDefined();
     expect(container).toMatchSnapshot();
@@ -56,7 +56,11 @@ describe('AvatarNetwork', () => {
   // className
   it('should render with custom className', () => {
     const { getByTestId } = render(
-      <AvatarNetwork data-testid="avatar-network" className="test-class" />,
+      <AvatarNetwork
+        {...args}
+        data-testid="avatar-network"
+        className="test-class"
+      />,
     );
     expect(getByTestId('avatar-network')).toHaveClass('test-class');
   });
@@ -65,10 +69,12 @@ describe('AvatarNetwork', () => {
     const { getByTestId } = render(
       <>
         <AvatarNetwork
+          {...args}
           color={TextColor.successDefault}
           data-testid={TextColor.successDefault}
         />
         <AvatarNetwork
+          {...args}
           color={TextColor.errorDefault}
           data-testid={TextColor.errorDefault}
         />
@@ -86,10 +92,12 @@ describe('AvatarNetwork', () => {
     const { getByTestId } = render(
       <>
         <AvatarNetwork
+          {...args}
           backgroundColor={BackgroundColor.successDefault}
           data-testid={BackgroundColor.successDefault}
         />
         <AvatarNetwork
+          {...args}
           backgroundColor={BackgroundColor.errorDefault}
           data-testid={BackgroundColor.errorDefault}
         />
@@ -107,10 +115,12 @@ describe('AvatarNetwork', () => {
     const { getByTestId } = render(
       <>
         <AvatarNetwork
+          {...args}
           borderColor={BorderColor.successDefault}
           data-testid={BorderColor.successDefault}
         />
         <AvatarNetwork
+          {...args}
           borderColor={BorderColor.errorDefault}
           data-testid={BorderColor.errorDefault}
         />
@@ -123,10 +133,59 @@ describe('AvatarNetwork', () => {
       `mm-box--border-color-${BorderColor.errorDefault}`,
     );
   });
+  // AvatarNetworkSize
+  it('should render with different AvatarNetworkSize', () => {
+    const { getByTestId } = render(
+      <>
+        <AvatarNetwork
+          {...args}
+          size={AvatarNetworkSize.Xs}
+          data-testid={AvatarNetworkSize.Xs}
+        />
+        <AvatarNetwork
+          {...args}
+          size={AvatarNetworkSize.Sm}
+          data-testid={AvatarNetworkSize.Sm}
+        />
+        <AvatarNetwork
+          {...args}
+          size={AvatarNetworkSize.Md}
+          data-testid={AvatarNetworkSize.Md}
+        />
+        <AvatarNetwork
+          {...args}
+          size={AvatarNetworkSize.Lg}
+          data-testid={AvatarNetworkSize.Lg}
+        />
+        <AvatarNetwork
+          {...args}
+          size={AvatarNetworkSize.Xl}
+          data-testid={AvatarNetworkSize.Xl}
+        />
+      </>,
+    );
+    expect(getByTestId(AvatarNetworkSize.Xs)).toHaveClass(
+      `mm-avatar-base--size-${AvatarNetworkSize.Xs}`,
+    );
+    expect(getByTestId(AvatarNetworkSize.Sm)).toHaveClass(
+      `mm-avatar-base--size-${AvatarNetworkSize.Sm}`,
+    );
+    expect(getByTestId(AvatarNetworkSize.Md)).toHaveClass(
+      `mm-avatar-base--size-${AvatarNetworkSize.Md}`,
+    );
+    expect(getByTestId(AvatarNetworkSize.Lg)).toHaveClass(
+      `mm-avatar-base--size-${AvatarNetworkSize.Lg}`,
+    );
+    expect(getByTestId(AvatarNetworkSize.Xl)).toHaveClass(
+      `mm-avatar-base--size-${AvatarNetworkSize.Xl}`,
+    );
+  });
   it('should forward a ref to the root html element', () => {
-    const ref = React.createRef();
-    render(<AvatarNetwork ref={ref} />);
+    const ref = React.createRef<HTMLDivElement>();
+    render(<AvatarNetwork {...args} ref={ref} />);
     expect(ref.current).not.toBeNull();
-    expect(ref.current.nodeName).toBe('DIV');
+    if (ref.current) {
+      expect(ref.current.nodeName).toBe('DIV');
+    }
   });
 });
diff --git a/ui/components/component-library/avatar-network/avatar-network.tsx b/ui/components/component-library/avatar-network/avatar-network.tsx
new file mode 100644
index 000000000..676b674aa
--- /dev/null
+++ b/ui/components/component-library/avatar-network/avatar-network.tsx
@@ -0,0 +1,90 @@
+import React, { useState, useEffect } from 'react';
+import classnames from 'classnames';
+import {
+  Display,
+  AlignItems,
+  JustifyContent,
+  TextColor,
+  BackgroundColor,
+  BorderColor,
+} from '../../../helpers/constants/design-system';
+import type { PolymorphicRef } from '../box';
+import { AvatarBase, AvatarBaseProps } from '../avatar-base';
+import type { AvatarNetworkComponent } from './avatar-network.types';
+import { AvatarNetworkProps, AvatarNetworkSize } from './avatar-network.types';
+
+export const AvatarNetwork: AvatarNetworkComponent = React.forwardRef(
+  <C extends React.ElementType = 'div'>(
+    {
+      size = AvatarNetworkSize.Md,
+      name,
+      src,
+      showHalo,
+      color = TextColor.textDefault,
+      backgroundColor = BackgroundColor.backgroundAlternative,
+      borderColor = BorderColor.transparent,
+      className = '',
+      ...props
+    }: AvatarNetworkProps<C>,
+    ref?: PolymorphicRef<C>,
+  ) => {
+    const [showFallback, setShowFallback] = useState(false);
+
+    useEffect(() => {
+      setShowFallback(!src);
+    }, [src]);
+
+    const fallbackString = name?.[0] ?? '?';
+
+    const handleOnError = () => {
+      setShowFallback(true);
+    };
+
+    return (
+      <AvatarBase
+        ref={ref}
+        size={size}
+        display={Display.Flex}
+        alignItems={AlignItems.center}
+        justifyContent={JustifyContent.center}
+        className={classnames(
+          'mm-avatar-network',
+          showHalo ? 'mm-avatar-network--with-halo' : '',
+          className,
+        )}
+        {...{
+          backgroundColor,
+          borderColor,
+          color,
+          ...(props as AvatarBaseProps<C>),
+        }}
+      >
+        {showFallback ? (
+          fallbackString
+        ) : (
+          <>
+            {showHalo && (
+              <img
+                src={src}
+                className={
+                  showHalo ? 'mm-avatar-network__network-image--blurred' : ''
+                }
+                aria-hidden="true"
+              />
+            )}
+            <img
+              className={
+                showHalo
+                  ? 'mm-avatar-network__network-image--size-reduced'
+                  : 'mm-avatar-network__network-image'
+              }
+              onError={handleOnError}
+              src={src}
+              alt={`${name} logo` || 'network logo'}
+            />
+          </>
+        )}
+      </AvatarBase>
+    );
+  },
+);
diff --git a/ui/components/component-library/avatar-network/avatar-network.types.ts b/ui/components/component-library/avatar-network/avatar-network.types.ts
new file mode 100644
index 000000000..d0d049143
--- /dev/null
+++ b/ui/components/component-library/avatar-network/avatar-network.types.ts
@@ -0,0 +1,42 @@
+import type { PolymorphicComponentPropWithRef } from '../box';
+import type { AvatarBaseStyleUtilityProps } from '../avatar-base/avatar-base.types';
+
+export enum AvatarNetworkSize {
+  Xs = 'xs',
+  Sm = 'sm',
+  Md = 'md',
+  Lg = 'lg',
+  Xl = 'xl',
+}
+
+/**
+ * Props for the AvatarNetwork component
+ */
+export interface AvatarNetworkStyleUtilityProps
+  extends Omit<AvatarBaseStyleUtilityProps, 'size'> {
+  /**
+   * The name accepts the string to render the first alphabet of the Avatar Name
+   */
+  name: string;
+  /**
+   * The src accepts the string of the image to be rendered
+   */
+  src?: string;
+  /**
+   * The showHalo accepts a boolean prop to render the image with halo effect
+   */
+  showHalo?: boolean;
+  /**
+   * The size of the AvatarNetwork
+   * Possible values could be AvatarNetworkSize.Xs(16px), AvatarNetworkSize.Sm(24px), AvatarNetworkSize.Md(32px), AvatarNetworkSize.Lg(40px), AvatarNetworkSize.Xl(48px)
+   * Defaults to AvatarNetworkSize.Md
+   */
+  size?: AvatarNetworkSize;
+}
+
+export type AvatarNetworkProps<C extends React.ElementType> =
+  PolymorphicComponentPropWithRef<C, AvatarNetworkStyleUtilityProps>;
+
+export type AvatarNetworkComponent = <C extends React.ElementType = 'span'>(
+  props: AvatarNetworkProps<C>,
+) => React.ReactElement | null;
diff --git a/ui/components/component-library/avatar-network/index.js b/ui/components/component-library/avatar-network/index.js
deleted file mode 100644
index 538d36758..000000000
--- a/ui/components/component-library/avatar-network/index.js
+++ /dev/null
@@ -1,2 +0,0 @@
-export { AvatarNetwork } from './avatar-network';
-export { AVATAR_NETWORK_SIZES } from './avatar-network.constants';
diff --git a/ui/components/component-library/avatar-network/index.ts b/ui/components/component-library/avatar-network/index.ts
new file mode 100644
index 000000000..93d20bceb
--- /dev/null
+++ b/ui/components/component-library/avatar-network/index.ts
@@ -0,0 +1,3 @@
+export { AvatarNetwork } from './avatar-network';
+export type { AvatarNetworkProps } from './avatar-network.types';
+export { AvatarNetworkSize } from './avatar-network.types';
diff --git a/ui/components/component-library/avatar-token/avatar-token.stories.js b/ui/components/component-library/avatar-token/avatar-token.stories.js
index 4262f30d1..ed8cfc53b 100644
--- a/ui/components/component-library/avatar-token/avatar-token.stories.js
+++ b/ui/components/component-library/avatar-token/avatar-token.stories.js
@@ -12,6 +12,7 @@ import Box from '../../ui/box/box';
 
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   BUTTON_LINK_SIZES,
   BadgeWrapper,
   ButtonLink,
@@ -128,7 +129,7 @@ export const SizeStory = (args) => (
           <AvatarNetwork
             src="./images/eth_logo.png"
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -141,7 +142,7 @@ export const SizeStory = (args) => (
           <AvatarNetwork
             src="./images/eth_logo.png"
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -154,7 +155,7 @@ export const SizeStory = (args) => (
           <AvatarNetwork
             src="./images/eth_logo.png"
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -167,7 +168,7 @@ export const SizeStory = (args) => (
           <AvatarNetwork
             src="./images/eth_logo.png"
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -180,7 +181,7 @@ export const SizeStory = (args) => (
           <AvatarNetwork
             src="./images/eth_logo.png"
             name="ETH"
-            size={Size.SM}
+            size={AvatarNetworkSize.Sm}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -194,7 +195,7 @@ export const SizeStory = (args) => (
         badge={
           <AvatarNetwork
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -213,7 +214,7 @@ export const SizeStory = (args) => (
         badge={
           <AvatarNetwork
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -232,7 +233,7 @@ export const SizeStory = (args) => (
         badge={
           <AvatarNetwork
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -251,7 +252,7 @@ export const SizeStory = (args) => (
         badge={
           <AvatarNetwork
             name="ETH"
-            size={Size.XS}
+            size={AvatarNetworkSize.Xs}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
@@ -270,7 +271,7 @@ export const SizeStory = (args) => (
         badge={
           <AvatarNetwork
             name="ETH"
-            size={Size.SM}
+            size={AvatarNetworkSize.Sm}
             borderColor={BackgroundColor.backgroundDefault}
             borderWidth={2}
           />
diff --git a/ui/components/component-library/badge-wrapper/README.mdx b/ui/components/component-library/badge-wrapper/README.mdx
index 88432f582..5ca0851ce 100644
--- a/ui/components/component-library/badge-wrapper/README.mdx
+++ b/ui/components/component-library/badge-wrapper/README.mdx
@@ -30,6 +30,7 @@ import { Color, Size } from '../../../helpers/constants/design-system';
 import {
   AvatarAccount,
   AvatarNetwork,
+  AvatarNetworkSize,
   AvatarToken,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
@@ -39,7 +40,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -53,7 +54,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -69,7 +70,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.SM}
+      size={AvatarNetworkSize.Sm}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -110,6 +111,7 @@ import {
 import {
   AvatarAccount,
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
   Icon,
@@ -121,7 +123,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -203,6 +205,7 @@ import { BorderColor Size } from '../../../helpers/constants/design-system';
 import {
   AvatarAccount,
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperPosition
 } from '../../component-library';
@@ -211,7 +214,7 @@ import {
   position={BadgeWrapperPosition.topLeft}
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -223,7 +226,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -236,7 +239,7 @@ import {
   position={BadgeWrapperPosition.bottomLeft}
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -249,7 +252,7 @@ import {
   position={BadgeWrapperPosition.bottomRight}
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
@@ -279,6 +282,7 @@ import { BorderColor Size } from '../../../helpers/constants/design-system';
 import {
   AvatarAccount,
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
 } from '../../component-library';
 
@@ -286,7 +290,7 @@ import {
 <BadgeWrapper
   badge={
     <AvatarNetwork
-      size={Size.XS}
+      size={AvatarNetworkSize.Xs}
       name="Avalanche"
       src="./images/avax-token.png"
       borderColor={BorderColor.borderMuted}
diff --git a/ui/components/component-library/badge-wrapper/badge-wrapper.stories.tsx b/ui/components/component-library/badge-wrapper/badge-wrapper.stories.tsx
index 29c754737..230524c87 100644
--- a/ui/components/component-library/badge-wrapper/badge-wrapper.stories.tsx
+++ b/ui/components/component-library/badge-wrapper/badge-wrapper.stories.tsx
@@ -9,7 +9,6 @@ import {
   BackgroundColor,
   DISPLAY,
   IconColor,
-  Size,
 } from '../../../helpers/constants/design-system';
 
 import Box from '../../ui/box/box';
@@ -17,6 +16,7 @@ import Box from '../../ui/box/box';
 import {
   AvatarAccount,
   AvatarNetwork,
+  AvatarNetworkSize,
   AvatarToken,
   Icon,
   IconName,
@@ -68,7 +68,7 @@ const Template: ComponentStory<typeof BadgeWrapper> = (args) => (
   <BadgeWrapper
     badge={
       <AvatarNetwork
-        size={Size.XS}
+        size={AvatarNetworkSize.Xs}
         name="Avalanche"
         src="./images/avax-token.png"
         borderColor={BorderColor.borderMuted}
@@ -93,7 +93,7 @@ export const Children: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -105,7 +105,7 @@ export const Children: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -121,7 +121,7 @@ export const Children: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.SM}
+          size={AvatarNetworkSize.Sm}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -145,7 +145,7 @@ export const Badge: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -213,7 +213,7 @@ export const Position: ComponentStory<typeof BadgeWrapper> = () => (
       position={BadgeWrapperPosition.topLeft}
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -225,7 +225,7 @@ export const Position: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -238,7 +238,7 @@ export const Position: ComponentStory<typeof BadgeWrapper> = () => (
       position={BadgeWrapperPosition.bottomLeft}
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -251,7 +251,7 @@ export const Position: ComponentStory<typeof BadgeWrapper> = () => (
       position={BadgeWrapperPosition.bottomRight}
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
@@ -268,7 +268,7 @@ export const PositionObj: ComponentStory<typeof BadgeWrapper> = () => (
     <BadgeWrapper
       badge={
         <AvatarNetwork
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Avalanche"
           src="./images/avax-token.png"
           borderColor={BorderColor.borderMuted}
diff --git a/ui/components/component-library/index.js b/ui/components/component-library/index.js
index d225472e0..f7d25c3ef 100644
--- a/ui/components/component-library/index.js
+++ b/ui/components/component-library/index.js
@@ -6,7 +6,7 @@ export {
 } from './avatar-account';
 export { AvatarFavicon, AVATAR_FAVICON_SIZES } from './avatar-favicon';
 export { AvatarIcon, AVATAR_ICON_SIZES } from './avatar-icon';
-export { AvatarNetwork, AVATAR_NETWORK_SIZES } from './avatar-network';
+export { AvatarNetwork, AvatarNetworkSize } from './avatar-network';
 export { AvatarToken } from './avatar-token';
 export { AvatarBase } from './avatar-base';
 export {
diff --git a/ui/components/component-library/picker-network/picker-network.js b/ui/components/component-library/picker-network/picker-network.js
index 29b52c33d..cfe4f4972 100644
--- a/ui/components/component-library/picker-network/picker-network.js
+++ b/ui/components/component-library/picker-network/picker-network.js
@@ -4,14 +4,20 @@ import classnames from 'classnames';
 import {
   AlignItems,
   DISPLAY,
-  Size,
   BorderRadius,
   TextVariant,
   IconColor,
   BackgroundColor,
 } from '../../../helpers/constants/design-system';
 import Box from '../../ui/box';
-import { AvatarNetwork, IconName, Icon, IconSize, Text } from '..';
+import {
+  AvatarNetwork,
+  AvatarNetworkSize,
+  IconName,
+  Icon,
+  IconSize,
+  Text,
+} from '..';
 
 export const PickerNetwork = ({
   className,
@@ -38,7 +44,7 @@ export const PickerNetwork = ({
         className="mm-picker-network__avatar-network"
         src={src}
         name={label}
-        size={Size.XS}
+        size={AvatarNetworkSize.Xs}
         {...avatarNetworkProps}
       />
       <Text ellipsis variant={TextVariant.bodySm}>
diff --git a/ui/components/multichain/activity-list-item/activity-list-item.stories.js b/ui/components/multichain/activity-list-item/activity-list-item.stories.js
index 5927657fa..09ea2d49c 100644
--- a/ui/components/multichain/activity-list-item/activity-list-item.stories.js
+++ b/ui/components/multichain/activity-list-item/activity-list-item.stories.js
@@ -7,12 +7,12 @@ import {
   Color,
   Display,
   FontWeight,
-  Size,
   TextAlign,
   TextVariant,
 } from '../../../helpers/constants/design-system';
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
   Box,
@@ -44,7 +44,7 @@ DefaultStory.args = {
         <AvatarNetwork
           className="activity-tx__network-badge"
           data-testid="activity-tx-network-badge"
-          size={Size.XS}
+          size={AvatarNetworkSize.Xs}
           name="Network Name"
           src="./images/eth_logo.png"
           borderWidth={1}
diff --git a/ui/components/multichain/nft-item/nft-item.js b/ui/components/multichain/nft-item/nft-item.js
index 9bc86526f..a4f60bf01 100644
--- a/ui/components/multichain/nft-item/nft-item.js
+++ b/ui/components/multichain/nft-item/nft-item.js
@@ -5,6 +5,7 @@ import { useSelector } from 'react-redux';
 import NftDefaultImage from '../../app/nft-default-image/nft-default-image';
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   BadgeWrapper,
   BadgeWrapperAnchorElementShape,
   Box,
@@ -13,7 +14,6 @@ import {
   BackgroundColor,
   Display,
   JustifyContent,
-  Size,
 } from '../../../helpers/constants/design-system';
 import { getTestNetworkBackgroundColor } from '../../../selectors';
 
@@ -47,7 +47,7 @@ export const NftItem = ({
             className="nft-item__network-badge"
             backgroundColor={testNetworkBackgroundColor}
             data-testid="nft-network-badge"
-            size={Size.SM}
+            size={AvatarNetworkSize.Sm}
             name={networkName}
             src={networkSrc}
             borderWidth={2}
diff --git a/ui/components/multichain/token-list-item/token-list-item.js b/ui/components/multichain/token-list-item/token-list-item.js
index dfdce0baf..8c4e861c9 100644
--- a/ui/components/multichain/token-list-item/token-list-item.js
+++ b/ui/components/multichain/token-list-item/token-list-item.js
@@ -9,13 +9,13 @@ import {
   FlexDirection,
   FontWeight,
   JustifyContent,
-  Size,
   TextColor,
   TextVariant,
   TextAlign,
 } from '../../../helpers/constants/design-system';
 import {
   AvatarNetwork,
+  AvatarNetworkSize,
   AvatarToken,
   BadgeWrapper,
   Box,
@@ -86,7 +86,7 @@ export const TokenListItem = ({
         <BadgeWrapper
           badge={
             <AvatarNetwork
-              size={Size.XS}
+              size={AvatarNetworkSize.Xs}
               name={currentNetwork?.nickname}
               src={currentNetwork?.rpcPrefs?.imageUrl}
               backgroundColor={testNetworkBackgroundColor}