diff --git a/CHANGELOG.md b/CHANGELOG.md
index 68beb6bd3b..da3e1fb897 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,8 +14,9 @@
  - [#1688](https://github.com/poanetwork/blockscout/pull/1688) - do not fail if failure reason is atom
  - [#1692](https://github.com/poanetwork/blockscout/pull/1692) - exclude decompiled smart contract from encoding
  - [#1684](https://github.com/poanetwork/blockscout/pull/1684) - Discard child block with parent_hash not matching hash of imported block
+ - [#1699](https://github.com/poanetwork/blockscout/pull/1699) - use seconds as transaction cache period measure
  - [#1697](https://github.com/poanetwork/blockscout/pull/1697) - fix failing in rpc if balance is empty
-
+ 
 ### Chore
 
 
diff --git a/apps/explorer/lib/explorer/chain/transaction_count_cache.ex b/apps/explorer/lib/explorer/chain/transaction_count_cache.ex
index 5e441734c2..95685c0fd4 100644
--- a/apps/explorer/lib/explorer/chain/transaction_count_cache.ex
+++ b/apps/explorer/lib/explorer/chain/transaction_count_cache.ex
@@ -143,7 +143,7 @@ defmodule Explorer.Chain.TransactionCountCache do
     case System.get_env("TXS_COUNT_CACHE_PERIOD") do
       value when is_binary(value) ->
         case Integer.parse(value) do
-          {integer, ""} -> integer * 1_000 * 60 * 60
+          {integer, ""} -> integer * 1_000
           _ -> nil
         end