diff --git a/CHANGELOG.md b/CHANGELOG.md
index 49fc6bf12b..e07476f15e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@
 
 ### Fixes
 
+- [#7270](https://github.com/blockscout/blockscout/pull/7270) - Fix default `TOKEN_EXCHANGE_RATE_REFETCH_INTERVAL`
+
 ### Chore
 
 <details>
diff --git a/config/runtime.exs b/config/runtime.exs
index 3fc77d3f9b..6cdecc77a1 100644
--- a/config/runtime.exs
+++ b/config/runtime.exs
@@ -260,7 +260,7 @@ config :explorer, Explorer.ExchangeRates.Source.CoinGecko,
 config :explorer, Explorer.ExchangeRates.TokenExchangeRates,
   enabled: !ConfigHelper.parse_bool_env_var("DISABLE_TOKEN_EXCHANGE_RATE", "true"),
   interval: ConfigHelper.parse_time_env_var("TOKEN_EXCHANGE_RATE_INTERVAL", "5s"),
-  refetch_interval: ConfigHelper.parse_time_env_var("TOKEN_EXCHANGE_RATE_REFETCH_INTERVAL", nil),
+  refetch_interval: ConfigHelper.parse_time_env_var("TOKEN_EXCHANGE_RATE_REFETCH_INTERVAL", "1h"),
   max_batch_size: ConfigHelper.parse_integer_env_var("TOKEN_EXCHANGE_RATE_MAX_BATCH_SIZE", 150)
 
 config :explorer, Explorer.Market.History.Cataloger, enabled: !disable_indexer?