diff --git a/src/shared/utils/index.test.ts b/src/shared/utils/index.test.ts
new file mode 100644
index 000000000..0fde2d88a
--- /dev/null
+++ b/src/shared/utils/index.test.ts
@@ -0,0 +1,62 @@
+import { formatUsdValue, formatTokenValue } from './index'
+
+describe('formatUsdValue', () => {
+  test('formats basic USD values correctly', () => {
+    expect(formatUsdValue('5678.90')).toBe('5,678.90')
+    expect(formatUsdValue(1234567.89123)).toBe('1,234,567.89')
+    expect(formatUsdValue(1234567.89)).toBe('1,234,567.89')
+    expect(formatUsdValue(1234567)).toBe('1,234,567.00')
+    expect(formatUsdValue(1234.5)).toBe('1,234.50')
+    expect(formatUsdValue(1234)).toBe('1,234.00')
+  })
+
+  test('handles zero as a special case', () => {
+    expect(formatUsdValue(0)).toBe('0.00')
+    expect(formatUsdValue('0')).toBe('0.00')
+  })
+
+  test('formats negative USD values correctly', () => {
+    expect(formatUsdValue(-1234.56)).toBe('-1,234.56')
+  })
+
+  test('rounds to two decimal places', () => {
+    expect(formatUsdValue(1234.567)).toBe('1,234.57')
+  })
+
+  test('small amounts', () => {
+    expect(formatUsdValue(0.0000000099)).toBe('<0.01')
+    expect(formatUsdValue(0.009)).toBe('<0.01')
+    expect(formatUsdValue(0.0100000001)).toBe('0.01')
+    expect(formatUsdValue(0.01)).toBe('0.01')
+    expect(formatUsdValue(0.1)).toBe('0.10')
+  })
+})
+
+describe('formatTokenValue', () => {
+  test('formats basic token values correctly', () => {
+    expect(formatTokenValue(1234)).toBe('1,234')
+    expect(formatTokenValue('5678.901234')).toBe('5,678.901234')
+  })
+
+  test('removes unnecessary trailing zeros', () => {
+    expect(formatTokenValue(1234.5)).toBe('1,234.5')
+  })
+
+  test('handles zero as a special case', () => {
+    expect(formatTokenValue(0)).toBe('0.00')
+    expect(formatTokenValue('0')).toBe('0.00')
+  })
+
+  test('formats very small token values correctly', () => {
+    expect(formatTokenValue(0.0000000099)).toBe('<0.00000001')
+    expect(formatTokenValue(0.000123)).toBe('0.000123')
+  })
+
+  test('formats negative token values correctly', () => {
+    expect(formatTokenValue(-1234.56789)).toBe('-1,234.56789')
+  })
+
+  test('rounds to six decimal places where applicable', () => {
+    expect(formatTokenValue(1234.567890123)).toBe('1,234.56789012')
+  })
+})
diff --git a/src/shared/utils/index.ts b/src/shared/utils/index.ts
index 32347ad98..ac3c05d5a 100644
--- a/src/shared/utils/index.ts
+++ b/src/shared/utils/index.ts
@@ -90,6 +90,97 @@ export const formatTokenValues = (number: string | number) => {
   return longNumberArr.join('')
 }
 
+interface FormatNumberOptions {
+  decimalPlaces?: number
+  useThousandSeparator?: boolean
+  isCurrency?: boolean
+}
+
+/**
+ * Formats a number or a numeric string with the given options.
+ * @param num The number or string to format.
+ * @param options The formatting options to use.
+ * @returns The formatted number as a string.
+ */
+const formatNumber = (
+  num: number | string,
+  options: FormatNumberOptions = {},
+): string => {
+  // Attempt to parse if num is a string
+  if (typeof num === 'string') {
+    const parsedNum = parseFloat(num)
+    if (isNaN(parsedNum)) {
+      return num
+    }
+    num = parsedNum
+  }
+
+  // Immediately return "0.00" for zero values
+  if (num === 0) {
+    return '0.00'
+  }
+
+  // Destructure with default values
+  const {
+    decimalPlaces = 8,
+    useThousandSeparator = true,
+    isCurrency = false,
+  } = options
+
+  // Calculate the minimum value that can be displayed given the number of decimal places
+  const minValue = 1 / Math.pow(10, decimalPlaces)
+
+  // Check for small positive amounts less than the minimum value
+  if (num > 0 && num < minValue) {
+    const smallAmountDisplay = `<0.${'0'.repeat(decimalPlaces - 1)}1`
+    return smallAmountDisplay
+  }
+
+  // Format the number with fixed decimal places
+  let result = num.toFixed(isCurrency ? 2 : decimalPlaces)
+
+  // For non-currency numbers, remove unnecessary trailing zeros
+  if (!isCurrency) {
+    result = result.replace(/(\.\d*?[1-9])0+$|\.0*$/, '$1')
+  }
+
+  // Add thousand separators if enabled
+  if (useThousandSeparator) {
+    const parts = result.split('.')
+    parts[0] = parts[0].replace(/\B(?=(\d{3})+(?!\d))/g, ',')
+    result = parts.join('.')
+  }
+
+  return result
+}
+
+/**
+ * Formats a number or a numeric string as a USD value.
+ * @param value The number or string to format.
+ * @returns The formatted USD value as a string.
+ */
+export const formatUsdValue = (value: number | string): string =>
+  formatNumber(value, {
+    decimalPlaces: 2,
+    useThousandSeparator: true,
+    isCurrency: true,
+  })
+
+/**
+ * Formats a number or a numeric string as a token value.
+ * @param value The number or string to format.
+ * @returns The formatted token value as a string.
+ */
+export const formatTokenValue = (
+  value: number | string,
+  precision = 8,
+): string =>
+  formatNumber(value, {
+    decimalPlaces: precision,
+    useThousandSeparator: true,
+    isCurrency: false,
+  })
+
 export const errorHandler = (error: unknown) => {
   if (typeof error === 'object' && Object.hasOwn(error as object, 'message')) {
     const err = error as ErrorWithMessage