On 25 June 2016, Wallace was placed at No.39 on the Pride Power List, published by Out News Global as part of Pride in London; another list of in celebration of the achievements of 100 most influential lesbian, gay, bisexual, transgender and intersex people in Britain, voted for by the public.
On 16 September 2016, she won The National Diversity Awards "Celebrity of the Year" award, at Liverpool Cathedral. On the same day she was placed at No.38 on the DIVA Power List.
On 5 October 2016, she was nominated in the BAFTA Scotland Awards 2016 in the category of "Best Actress - Television" for her role in Hollyoaks; the first ever British transgender actress to be nominated for a BAFTA award.