diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8b864ff6b0..501d655a93 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,7 @@
 
 ### Features
 
+- [#5561](https://github.com/blockscout/blockscout/pull/5561) - Improve working with contracts implementations
 - [#6401](https://github.com/blockscout/blockscout/pull/6401) - Add Sol2Uml contract visualization
 - [#6481](https://github.com/blockscout/blockscout/pull/6481) - Smart contract verification improvements
 - [#6444](https://github.com/blockscout/blockscout/pull/6444) - Add support for yul verification via rust microservice
diff --git a/apps/block_scout_web/lib/block_scout_web/controllers/smart_contract_controller.ex b/apps/block_scout_web/lib/block_scout_web/controllers/smart_contract_controller.ex
index ab3819c4c8..7d9d0964a9 100644
--- a/apps/block_scout_web/lib/block_scout_web/controllers/smart_contract_controller.ex
+++ b/apps/block_scout_web/lib/block_scout_web/controllers/smart_contract_controller.ex
@@ -3,6 +3,7 @@ defmodule BlockScoutWeb.SmartContractController do
 
   alias BlockScoutWeb.AddressView
   alias Explorer.Chain
+  alias Explorer.Chain.SmartContract
   alias Explorer.SmartContract.{Reader, Writer}
 
   import Explorer.SmartContract.Solidity.Verifier, only: [parse_boolean: 1]
@@ -24,8 +25,8 @@ defmodule BlockScoutWeb.SmartContractController do
          {:ok, address} <- Chain.find_contract_address(address_hash, address_options, true) do
       implementation_address_hash_string =
         if contract_type == "proxy" do
-          address.hash
-          |> Chain.get_implementation_address_hash(address.smart_contract.abi)
+          address.smart_contract
+          |> SmartContract.get_implementation_address_hash()
           |> Tuple.to_list()
           |> List.first() || @burn_address
         else
diff --git a/apps/block_scout_web/lib/block_scout_web/templates/address/overview.html.eex b/apps/block_scout_web/lib/block_scout_web/templates/address/overview.html.eex
index 34059b2ed9..9a8abc9dd7 100644
--- a/apps/block_scout_web/lib/block_scout_web/templates/address/overview.html.eex
+++ b/apps/block_scout_web/lib/block_scout_web/templates/address/overview.html.eex
@@ -124,24 +124,23 @@
           <% end %>
           <!-- Implementation -->
           <%= if @is_proxy do %>
-            <% {implementation_address, name} = Chain.get_implementation_address_hash(@address.hash, @address.smart_contract.abi) || "0x0000000000000000000000000000000000000000" %>
-            <%= if implementation_address do %>
-              <dl class="row">
-                <dt class="col-sm-4 col-md-4 col-lg-3 text-muted">
-                  <%= render BlockScoutWeb.CommonComponentsView, "_i_tooltip_2.html",
-                  text: gettext("Implementation address of the proxy contract.") %>
-                  <%= gettext("Implementation") %>
-                </dt>
-                <dd class="col-sm-8 col-md-8 col-lg-9" data-test="address_contract_implementation">
-                  <%= link(
-                    (if name, do: name <> " | " <> implementation_address, else: implementation_address),
-                    to: address_path(@conn, :show, implementation_address),
-                    class: "contract-address"
-                  ) 
-                  %>
-                </dd>
-              </dl>
-            <% end %>
+            <% {implementation_address_, name} = SmartContract.get_implementation_address_hash(@address.smart_contract) %>
+            <% implementation_address = implementation_address_ || "0x0000000000000000000000000000000000000000" %>
+            <dl class="row">
+              <dt class="col-sm-4 col-md-4 col-lg-3 text-muted">
+                <%= render BlockScoutWeb.CommonComponentsView, "_i_tooltip_2.html",
+                text: gettext("Implementation address of the proxy contract.") %>
+                <%= gettext("Implementation") %>
+              </dt>
+              <dd class="col-sm-8 col-md-8 col-lg-9" data-test="address_contract_implementation">
+                <%= link(
+                  (if name, do: name <> " | " <> implementation_address, else: implementation_address),
+                  to: address_path(@conn, :show, implementation_address),
+                  class: "contract-address"
+                ) 
+                %>
+              </dd>
+            </dl>
           <% end %>
           <!-- Balance -->
           <dl class="row">
diff --git a/apps/block_scout_web/lib/block_scout_web/views/address_view.ex b/apps/block_scout_web/lib/block_scout_web/views/address_view.ex
index b1d1849598..ac75f3e0dd 100644
--- a/apps/block_scout_web/lib/block_scout_web/views/address_view.ex
+++ b/apps/block_scout_web/lib/block_scout_web/views/address_view.ex
@@ -261,8 +261,8 @@ defmodule BlockScoutWeb.AddressView do
 
   def is_read_function?(function), do: Helper.queriable_method?(function) || Helper.read_with_wallet_method?(function)
 
-  def smart_contract_is_proxy?(%Address{smart_contract: %SmartContract{}} = address) do
-    Chain.proxy_contract?(address.hash, address.smart_contract.abi)
+  def smart_contract_is_proxy?(%Address{smart_contract: %SmartContract{} = smart_contract}) do
+    SmartContract.proxy_contract?(smart_contract)
   end
 
   def smart_contract_is_proxy?(%Address{smart_contract: nil}), do: false
diff --git a/apps/block_scout_web/lib/block_scout_web/views/tokens/overview_view.ex b/apps/block_scout_web/lib/block_scout_web/views/tokens/overview_view.ex
index 473c2df3e2..4fc1c6d28e 100644
--- a/apps/block_scout_web/lib/block_scout_web/views/tokens/overview_view.ex
+++ b/apps/block_scout_web/lib/block_scout_web/views/tokens/overview_view.ex
@@ -53,8 +53,8 @@ defmodule BlockScoutWeb.Tokens.OverviewView do
 
   def smart_contract_with_read_only_functions?(%Token{contract_address: %Address{smart_contract: nil}}), do: false
 
-  def smart_contract_is_proxy?(%Token{contract_address: %Address{smart_contract: %SmartContract{}} = address}) do
-    Chain.proxy_contract?(address.hash, address.smart_contract.abi)
+  def smart_contract_is_proxy?(%Token{contract_address: %Address{smart_contract: %SmartContract{} = smart_contract}}) do
+    SmartContract.proxy_contract?(smart_contract)
   end
 
   def smart_contract_is_proxy?(%Token{contract_address: %Address{smart_contract: nil}}), do: false
diff --git a/apps/block_scout_web/priv/gettext/default.pot b/apps/block_scout_web/priv/gettext/default.pot
index b1258df630..153f4521d2 100644
--- a/apps/block_scout_web/priv/gettext/default.pot
+++ b/apps/block_scout_web/priv/gettext/default.pot
@@ -256,7 +256,7 @@ msgstr ""
 msgid "Address Tags"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:150
+#: lib/block_scout_web/templates/address/overview.html.eex:149
 #, elixir-autogen, elixir-format
 msgid "Address balance in"
 msgstr ""
@@ -304,7 +304,7 @@ msgstr ""
 msgid "All metadata displayed below is from that contract. In order to verify current contract, click"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:175
+#: lib/block_scout_web/templates/address/overview.html.eex:174
 #, elixir-autogen, elixir-format
 msgid "All tokens in the account and total value."
 msgstr ""
@@ -371,7 +371,7 @@ msgid "Back to Watch list (Cancel)"
 msgstr ""
 
 #: lib/block_scout_web/templates/account/watchlist/show.html.eex:24
-#: lib/block_scout_web/templates/address/overview.html.eex:151
+#: lib/block_scout_web/templates/address/overview.html.eex:150
 #: lib/block_scout_web/templates/address_token/overview.html.eex:51
 #: lib/block_scout_web/templates/verified_contracts/index.html.eex:57
 #, elixir-autogen, elixir-format
@@ -463,7 +463,7 @@ msgstr ""
 msgid "Block number containing the transaction."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:258
+#: lib/block_scout_web/templates/address/overview.html.eex:257
 #, elixir-autogen, elixir-format
 msgid "Block number in which the address was updated."
 msgstr ""
@@ -491,7 +491,7 @@ msgid "Blocks Indexed"
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:48
-#: lib/block_scout_web/templates/address/overview.html.eex:276
+#: lib/block_scout_web/templates/address/overview.html.eex:275
 #: lib/block_scout_web/templates/address_validation/index.html.eex:11
 #: lib/block_scout_web/views/address_view.ex:381
 #, elixir-autogen, elixir-format
@@ -620,6 +620,11 @@ msgstr ""
 msgid "Compiler"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract/index.html.eex:137
+#, elixir-autogen, elixir-format
+msgid "Compiler Settings"
+msgstr ""
+
 #: lib/block_scout_web/templates/address_contract/index.html.eex:66
 #, elixir-autogen, elixir-format
 msgid "Compiler version"
@@ -805,6 +810,11 @@ msgstr ""
 msgid "Copy Address"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract/index.html.eex:139
+#, elixir-autogen, elixir-format
+msgid "Copy Compiler Settings"
+msgstr ""
+
 #: lib/block_scout_web/templates/account/custom_abi/row.html.eex:6
 #: lib/block_scout_web/templates/account/custom_abi/row.html.eex:6
 #, elixir-autogen, elixir-format
@@ -1281,7 +1291,7 @@ msgstr ""
 msgid "Fast"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:248
+#: lib/block_scout_web/templates/address/overview.html.eex:247
 #, elixir-autogen, elixir-format
 msgid "Fetching gas used..."
 msgstr ""
@@ -1296,14 +1306,14 @@ msgstr ""
 msgid "Fetching tokens..."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:195
-#: lib/block_scout_web/templates/address/overview.html.eex:203
+#: lib/block_scout_web/templates/address/overview.html.eex:194
+#: lib/block_scout_web/templates/address/overview.html.eex:202
 #, elixir-autogen, elixir-format
 msgid "Fetching transactions..."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:222
-#: lib/block_scout_web/templates/address/overview.html.eex:230
+#: lib/block_scout_web/templates/address/overview.html.eex:221
+#: lib/block_scout_web/templates/address/overview.html.eex:229
 #: lib/block_scout_web/templates/tokens/overview/_details.html.eex:123
 #, elixir-autogen, elixir-format
 msgid "Fetching transfers..."
@@ -1362,7 +1372,7 @@ msgstr ""
 msgid "Gas Price"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:241
+#: lib/block_scout_web/templates/address/overview.html.eex:240
 #: lib/block_scout_web/templates/block/_tile.html.eex:73
 #: lib/block_scout_web/templates/block/overview.html.eex:178
 #, elixir-autogen, elixir-format
@@ -1380,7 +1390,7 @@ msgstr ""
 msgid "Gas tracker"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:240
+#: lib/block_scout_web/templates/address/overview.html.eex:239
 #, elixir-autogen, elixir-format
 msgid "Gas used by the address."
 msgstr ""
@@ -1474,6 +1484,11 @@ msgstr ""
 msgid "Implementation address of the proxy contract."
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:3
+#, elixir-autogen, elixir-format
+msgid "Include nightly builds"
+msgstr ""
+
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:30
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:43
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:56
@@ -1549,7 +1564,7 @@ msgstr ""
 msgid "Last 24h"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:259
+#: lib/block_scout_web/templates/address/overview.html.eex:258
 #, elixir-autogen, elixir-format
 msgid "Last Balance Update"
 msgstr ""
@@ -1874,7 +1889,7 @@ msgstr ""
 msgid "Number of accounts holding the token"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:275
+#: lib/block_scout_web/templates/address/overview.html.eex:274
 #, elixir-autogen, elixir-format
 msgid "Number of blocks validated by this validator."
 msgstr ""
@@ -1884,7 +1899,7 @@ msgstr ""
 msgid "Number of digits that come after the decimal place when displaying token value"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:186
+#: lib/block_scout_web/templates/address/overview.html.eex:185
 #, elixir-autogen, elixir-format
 msgid "Number of transactions related to this address."
 msgstr ""
@@ -1894,7 +1909,7 @@ msgstr ""
 msgid "Number of transfers for the token"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:213
+#: lib/block_scout_web/templates/address/overview.html.eex:212
 #, elixir-autogen, elixir-format
 msgid "Number of transfers to/from this address."
 msgstr ""
@@ -2240,6 +2255,11 @@ msgstr ""
 msgid "Select Yes if you want to vefify Yul contract."
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:19
+#, elixir-autogen, elixir-format
+msgid "Select yes if you want to show nightly builds."
+msgstr ""
+
 #: lib/block_scout_web/views/internal_transaction_view.ex:27
 #, elixir-autogen, elixir-format
 msgid "Self-Destruct"
@@ -2776,7 +2796,7 @@ msgid "Token type"
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:21
-#: lib/block_scout_web/templates/address/overview.html.eex:176
+#: lib/block_scout_web/templates/address/overview.html.eex:175
 #: lib/block_scout_web/templates/address_token/overview.html.eex:58
 #: lib/block_scout_web/templates/address_token_transfer/index.html.eex:13
 #: lib/block_scout_web/templates/layout/_topnav.html.eex:78
@@ -2935,9 +2955,9 @@ msgid "Transaction type, introduced in EIP-2718."
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:7
-#: lib/block_scout_web/templates/address/overview.html.eex:187
-#: lib/block_scout_web/templates/address/overview.html.eex:193
-#: lib/block_scout_web/templates/address/overview.html.eex:201
+#: lib/block_scout_web/templates/address/overview.html.eex:186
+#: lib/block_scout_web/templates/address/overview.html.eex:192
+#: lib/block_scout_web/templates/address/overview.html.eex:200
 #: lib/block_scout_web/templates/address_transaction/index.html.eex:13
 #: lib/block_scout_web/templates/block/overview.html.eex:80
 #: lib/block_scout_web/templates/block_transaction/index.html.eex:10
@@ -2958,9 +2978,9 @@ msgstr ""
 msgid "Transactions sent"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:214
-#: lib/block_scout_web/templates/address/overview.html.eex:220
-#: lib/block_scout_web/templates/address/overview.html.eex:228
+#: lib/block_scout_web/templates/address/overview.html.eex:213
+#: lib/block_scout_web/templates/address/overview.html.eex:219
+#: lib/block_scout_web/templates/address/overview.html.eex:227
 #: lib/block_scout_web/templates/tokens/instance/overview/_details.html.eex:50
 #: lib/block_scout_web/templates/tokens/overview/_details.html.eex:119
 #, elixir-autogen, elixir-format
@@ -2973,6 +2993,11 @@ msgstr ""
 msgid "Try it out"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_fetch_constructor_args.html.eex:3
+#, elixir-autogen, elixir-format
+msgid "Try to fetch constructor arguments automatically"
+msgstr ""
+
 #: lib/block_scout_web/templates/layout/_footer.html.eex:27
 #, elixir-autogen, elixir-format
 msgid "Twitter"
@@ -3383,7 +3408,7 @@ msgstr ""
 msgid "custom RPC"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:150
+#: lib/block_scout_web/templates/address/overview.html.eex:149
 #, elixir-autogen, elixir-format
 msgid "doesn't include ERC20, ERC721, ERC1155 tokens)."
 msgstr ""
@@ -3463,28 +3488,3 @@ msgstr ""
 #, elixir-autogen, elixir-format
 msgid "truffle flattener"
 msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:3
-#, elixir-autogen, elixir-format
-msgid "Include nightly builds"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:19
-#, elixir-autogen, elixir-format
-msgid "Select yes if you want to show nightly builds."
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_fetch_constructor_args.html.eex:3
-#, elixir-autogen, elixir-format
-msgid "Try to fetch constructor arguments automatically"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract/index.html.eex:137
-#, elixir-autogen, elixir-format
-msgid "Compiler Settings"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract/index.html.eex:139
-#, elixir-autogen, elixir-format
-msgid "Copy Compiler Settings"
-msgstr ""
diff --git a/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po b/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
index b5d53aba90..153f4521d2 100644
--- a/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
+++ b/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
@@ -256,7 +256,7 @@ msgstr ""
 msgid "Address Tags"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:150
+#: lib/block_scout_web/templates/address/overview.html.eex:149
 #, elixir-autogen, elixir-format
 msgid "Address balance in"
 msgstr ""
@@ -304,7 +304,7 @@ msgstr ""
 msgid "All metadata displayed below is from that contract. In order to verify current contract, click"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:175
+#: lib/block_scout_web/templates/address/overview.html.eex:174
 #, elixir-autogen, elixir-format
 msgid "All tokens in the account and total value."
 msgstr ""
@@ -371,7 +371,7 @@ msgid "Back to Watch list (Cancel)"
 msgstr ""
 
 #: lib/block_scout_web/templates/account/watchlist/show.html.eex:24
-#: lib/block_scout_web/templates/address/overview.html.eex:151
+#: lib/block_scout_web/templates/address/overview.html.eex:150
 #: lib/block_scout_web/templates/address_token/overview.html.eex:51
 #: lib/block_scout_web/templates/verified_contracts/index.html.eex:57
 #, elixir-autogen, elixir-format
@@ -463,7 +463,7 @@ msgstr ""
 msgid "Block number containing the transaction."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:258
+#: lib/block_scout_web/templates/address/overview.html.eex:257
 #, elixir-autogen, elixir-format
 msgid "Block number in which the address was updated."
 msgstr ""
@@ -491,7 +491,7 @@ msgid "Blocks Indexed"
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:48
-#: lib/block_scout_web/templates/address/overview.html.eex:276
+#: lib/block_scout_web/templates/address/overview.html.eex:275
 #: lib/block_scout_web/templates/address_validation/index.html.eex:11
 #: lib/block_scout_web/views/address_view.ex:381
 #, elixir-autogen, elixir-format
@@ -620,6 +620,11 @@ msgstr ""
 msgid "Compiler"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract/index.html.eex:137
+#, elixir-autogen, elixir-format
+msgid "Compiler Settings"
+msgstr ""
+
 #: lib/block_scout_web/templates/address_contract/index.html.eex:66
 #, elixir-autogen, elixir-format
 msgid "Compiler version"
@@ -805,6 +810,11 @@ msgstr ""
 msgid "Copy Address"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract/index.html.eex:139
+#, elixir-autogen, elixir-format
+msgid "Copy Compiler Settings"
+msgstr ""
+
 #: lib/block_scout_web/templates/account/custom_abi/row.html.eex:6
 #: lib/block_scout_web/templates/account/custom_abi/row.html.eex:6
 #, elixir-autogen, elixir-format
@@ -1281,7 +1291,7 @@ msgstr ""
 msgid "Fast"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:248
+#: lib/block_scout_web/templates/address/overview.html.eex:247
 #, elixir-autogen, elixir-format
 msgid "Fetching gas used..."
 msgstr ""
@@ -1296,14 +1306,14 @@ msgstr ""
 msgid "Fetching tokens..."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:195
-#: lib/block_scout_web/templates/address/overview.html.eex:203
+#: lib/block_scout_web/templates/address/overview.html.eex:194
+#: lib/block_scout_web/templates/address/overview.html.eex:202
 #, elixir-autogen, elixir-format
 msgid "Fetching transactions..."
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:222
-#: lib/block_scout_web/templates/address/overview.html.eex:230
+#: lib/block_scout_web/templates/address/overview.html.eex:221
+#: lib/block_scout_web/templates/address/overview.html.eex:229
 #: lib/block_scout_web/templates/tokens/overview/_details.html.eex:123
 #, elixir-autogen, elixir-format
 msgid "Fetching transfers..."
@@ -1362,7 +1372,7 @@ msgstr ""
 msgid "Gas Price"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:241
+#: lib/block_scout_web/templates/address/overview.html.eex:240
 #: lib/block_scout_web/templates/block/_tile.html.eex:73
 #: lib/block_scout_web/templates/block/overview.html.eex:178
 #, elixir-autogen, elixir-format
@@ -1380,7 +1390,7 @@ msgstr ""
 msgid "Gas tracker"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:240
+#: lib/block_scout_web/templates/address/overview.html.eex:239
 #, elixir-autogen, elixir-format
 msgid "Gas used by the address."
 msgstr ""
@@ -1474,6 +1484,11 @@ msgstr ""
 msgid "Implementation address of the proxy contract."
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:3
+#, elixir-autogen, elixir-format
+msgid "Include nightly builds"
+msgstr ""
+
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:30
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:43
 #: lib/block_scout_web/templates/account/watchlist_address/form.html.eex:56
@@ -1549,7 +1564,7 @@ msgstr ""
 msgid "Last 24h"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:259
+#: lib/block_scout_web/templates/address/overview.html.eex:258
 #, elixir-autogen, elixir-format
 msgid "Last Balance Update"
 msgstr ""
@@ -1874,7 +1889,7 @@ msgstr ""
 msgid "Number of accounts holding the token"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:275
+#: lib/block_scout_web/templates/address/overview.html.eex:274
 #, elixir-autogen, elixir-format
 msgid "Number of blocks validated by this validator."
 msgstr ""
@@ -1884,7 +1899,7 @@ msgstr ""
 msgid "Number of digits that come after the decimal place when displaying token value"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:186
+#: lib/block_scout_web/templates/address/overview.html.eex:185
 #, elixir-autogen, elixir-format
 msgid "Number of transactions related to this address."
 msgstr ""
@@ -1894,7 +1909,7 @@ msgstr ""
 msgid "Number of transfers for the token"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:213
+#: lib/block_scout_web/templates/address/overview.html.eex:212
 #, elixir-autogen, elixir-format
 msgid "Number of transfers to/from this address."
 msgstr ""
@@ -2240,6 +2255,11 @@ msgstr ""
 msgid "Select Yes if you want to vefify Yul contract."
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:19
+#, elixir-autogen, elixir-format
+msgid "Select yes if you want to show nightly builds."
+msgstr ""
+
 #: lib/block_scout_web/views/internal_transaction_view.ex:27
 #, elixir-autogen, elixir-format
 msgid "Self-Destruct"
@@ -2776,7 +2796,7 @@ msgid "Token type"
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:21
-#: lib/block_scout_web/templates/address/overview.html.eex:176
+#: lib/block_scout_web/templates/address/overview.html.eex:175
 #: lib/block_scout_web/templates/address_token/overview.html.eex:58
 #: lib/block_scout_web/templates/address_token_transfer/index.html.eex:13
 #: lib/block_scout_web/templates/layout/_topnav.html.eex:78
@@ -2935,9 +2955,9 @@ msgid "Transaction type, introduced in EIP-2718."
 msgstr ""
 
 #: lib/block_scout_web/templates/address/_tabs.html.eex:7
-#: lib/block_scout_web/templates/address/overview.html.eex:187
-#: lib/block_scout_web/templates/address/overview.html.eex:193
-#: lib/block_scout_web/templates/address/overview.html.eex:201
+#: lib/block_scout_web/templates/address/overview.html.eex:186
+#: lib/block_scout_web/templates/address/overview.html.eex:192
+#: lib/block_scout_web/templates/address/overview.html.eex:200
 #: lib/block_scout_web/templates/address_transaction/index.html.eex:13
 #: lib/block_scout_web/templates/block/overview.html.eex:80
 #: lib/block_scout_web/templates/block_transaction/index.html.eex:10
@@ -2958,9 +2978,9 @@ msgstr ""
 msgid "Transactions sent"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:214
-#: lib/block_scout_web/templates/address/overview.html.eex:220
-#: lib/block_scout_web/templates/address/overview.html.eex:228
+#: lib/block_scout_web/templates/address/overview.html.eex:213
+#: lib/block_scout_web/templates/address/overview.html.eex:219
+#: lib/block_scout_web/templates/address/overview.html.eex:227
 #: lib/block_scout_web/templates/tokens/instance/overview/_details.html.eex:50
 #: lib/block_scout_web/templates/tokens/overview/_details.html.eex:119
 #, elixir-autogen, elixir-format
@@ -2973,6 +2993,11 @@ msgstr ""
 msgid "Try it out"
 msgstr ""
 
+#: lib/block_scout_web/templates/address_contract_verification_common_fields/_fetch_constructor_args.html.eex:3
+#, elixir-autogen, elixir-format
+msgid "Try to fetch constructor arguments automatically"
+msgstr ""
+
 #: lib/block_scout_web/templates/layout/_footer.html.eex:27
 #, elixir-autogen, elixir-format
 msgid "Twitter"
@@ -3383,7 +3408,7 @@ msgstr ""
 msgid "custom RPC"
 msgstr ""
 
-#: lib/block_scout_web/templates/address/overview.html.eex:150
+#: lib/block_scout_web/templates/address/overview.html.eex:149
 #, elixir-autogen, elixir-format
 msgid "doesn't include ERC20, ERC721, ERC1155 tokens)."
 msgstr ""
@@ -3463,28 +3488,3 @@ msgstr ""
 #, elixir-autogen, elixir-format
 msgid "truffle flattener"
 msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:3
-#, elixir-autogen, elixir-format
-msgid "Include nightly builds"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_include_nightly_builds_field.html.eex:19
-#, elixir-autogen, elixir-format
-msgid "Select yes if you want to show nightly builds."
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract_verification_common_fields/_fetch_constructor_args.html.eex:3
-#, elixir-autogen, elixir-format
-msgid "Try to fetch constructor arguments automatically"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract/index.html.eex:137
-#, elixir-autogen, elixir-format, fuzzy
-msgid "Compiler Settings"
-msgstr ""
-
-#: lib/block_scout_web/templates/address_contract/index.html.eex:139
-#, elixir-autogen, elixir-format
-msgid "Copy Compiler Settings"
-msgstr ""
diff --git a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/http.ex b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/http.ex
index b8222df2d1..dc66006f9e 100644
--- a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/http.ex
+++ b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/http.ex
@@ -3,7 +3,7 @@ defmodule EthereumJSONRPC.HTTP do
   JSONRPC over HTTP
   """
 
-  alias EthereumJSONRPC.Transport
+  alias EthereumJSONRPC.{DecodeError, Transport}
 
   require Logger
 
@@ -114,7 +114,17 @@ defmodule EthereumJSONRPC.HTTP do
           {:error, {:bad_gateway, request_url}}
 
         _ ->
-          raise EthereumJSONRPC.DecodeError, named_arguments
+          named_arguments
+          |> DecodeError.exception()
+          |> DecodeError.message()
+          |> Logger.error()
+
+          request_url =
+            named_arguments
+            |> Keyword.fetch!(:request)
+            |> Keyword.fetch!(:url)
+
+          {:error, {:bad_response, request_url}}
       end
     end
   end
diff --git a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/request_coordinator.ex b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/request_coordinator.ex
index bd491f25fd..b63e0971a6 100644
--- a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/request_coordinator.ex
+++ b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/request_coordinator.ex
@@ -109,7 +109,7 @@ defmodule EthereumJSONRPC.RequestCoordinator do
 
   defp trace_request(_, fun), do: fun.()
 
-  defp handle_transport_response({:error, {:bad_gateway, _}} = error) do
+  defp handle_transport_response({:error, {error_type, _}} = error) when error_type in [:bad_gateway, :bad_response] do
     RollingWindow.inc(table(), @error_key)
     inc_throttle_table()
     error
diff --git a/apps/explorer/config/test.exs b/apps/explorer/config/test.exs
index e9174824ce..cf55e854ca 100644
--- a/apps/explorer/config/test.exs
+++ b/apps/explorer/config/test.exs
@@ -22,7 +22,11 @@ config :explorer, Explorer.Repo.Replica1,
   # Default of `5_000` was too low for `BlockFetcher` test
   ownership_timeout: :timer.minutes(1),
   timeout: :timer.seconds(60),
-  queue_target: 1000
+  queue_target: 1000,
+  enable_caching_implementation_data_of_proxy: true,
+  avg_block_time_as_ttl_cached_implementation_data_of_proxy: false,
+  fallback_ttl_cached_implementation_data_of_proxy: :timer.seconds(20),
+  implementation_data_fetching_timeout: :timer.seconds(20)
 
 # Configure API database
 config :explorer, Explorer.Repo.Account,
diff --git a/apps/explorer/lib/explorer/chain.ex b/apps/explorer/lib/explorer/chain.ex
index ef481b7232..1d83d1b44e 100644
--- a/apps/explorer/lib/explorer/chain.ex
+++ b/apps/explorer/lib/explorer/chain.ex
@@ -21,7 +21,6 @@ defmodule Explorer.Chain do
       select: 3,
       subquery: 1,
       union: 2,
-      update: 2,
       where: 2,
       where: 3
     ]
@@ -33,7 +32,6 @@ defmodule Explorer.Chain do
   alias ABI.TypeDecoder
   alias Ecto.{Changeset, Multi}
 
-  alias EthereumJSONRPC.Contract
   alias EthereumJSONRPC.Transaction, as: EthereumJSONRPCTransaction
 
   alias Explorer.Counters.{LastFetchedCounter, TokenHoldersCounter, TokenTransfersCounter}
@@ -91,7 +89,7 @@ defmodule Explorer.Chain do
 
   alias Explorer.Market.MarketHistoryCache
   alias Explorer.{PagingOptions, Repo}
-  alias Explorer.SmartContract.{Helper, Reader}
+  alias Explorer.SmartContract.Helper
 
   alias Dataloader.Ecto, as: DataloaderEcto
 
@@ -4334,13 +4332,28 @@ defmodule Explorer.Chain do
           Chain.get_address_verified_twin_contract(address_hash).verified_contract
 
       if address_verified_twin_contract do
-        Map.put(address_verified_twin_contract, :address_hash, address_hash)
+        address_verified_twin_contract
+        |> Map.put(:address_hash, address_hash)
+        |> Map.put(:implementation_address_hash, current_smart_contract.implementation_address_hash)
+        |> Map.put(:implementation_name, current_smart_contract.implementation_name)
+        |> Map.put(:implementation_fetched_at, current_smart_contract.implementation_fetched_at)
       else
         current_smart_contract
       end
     end
   end
 
+  @spec address_hash_to_smart_contract_without_twin(Hash.Address.t()) :: SmartContract.t() | nil
+  def address_hash_to_smart_contract_without_twin(address_hash) do
+    query =
+      from(
+        smart_contract in SmartContract,
+        where: smart_contract.address_hash == ^address_hash
+      )
+
+    Repo.one(query)
+  end
+
   def smart_contract_fully_verified?(address_hash_str) when is_binary(address_hash_str) do
     case string_to_address_hash(address_hash_str) do
       {:ok, address_hash} ->
@@ -5844,32 +5857,16 @@ defmodule Explorer.Chain do
     end
   end
 
-  def combine_proxy_implementation_abi(proxy_address_hash, abi) when not is_nil(abi) do
-    implementation_abi = get_implementation_abi_from_proxy(proxy_address_hash, abi)
+  def combine_proxy_implementation_abi(%SmartContract{abi: abi} = smart_contract) when not is_nil(abi) do
+    implementation_abi = get_implementation_abi_from_proxy(smart_contract)
 
     if Enum.empty?(implementation_abi), do: abi, else: implementation_abi ++ abi
   end
 
-  def combine_proxy_implementation_abi(_, abi) when is_nil(abi) do
+  def combine_proxy_implementation_abi(_) do
     []
   end
 
-  def proxy_contract?(address_hash, abi) when not is_nil(abi) do
-    implementation_method_abi =
-      abi
-      |> Enum.find(fn method ->
-        Map.get(method, "name") == "implementation" ||
-          master_copy_pattern?(method)
-      end)
-
-    if implementation_method_abi ||
-         get_implementation_address_hash_eip_1967(address_hash) !== "0x0000000000000000000000000000000000000000",
-       do: true,
-       else: false
-  end
-
-  def proxy_contract?(_address_hash, abi) when is_nil(abi), do: false
-
   def gnosis_safe_contract?(abi) when not is_nil(abi) do
     implementation_method_abi =
       abi
@@ -5882,167 +5879,7 @@ defmodule Explorer.Chain do
 
   def gnosis_safe_contract?(abi) when is_nil(abi), do: false
 
-  @spec get_implementation_address_hash(Hash.Address.t(), list()) :: {String.t() | nil, String.t() | nil}
-  def get_implementation_address_hash(proxy_address_hash, abi)
-      when not is_nil(proxy_address_hash) and not is_nil(abi) do
-    implementation_method_abi =
-      abi
-      |> Enum.find(fn method ->
-        Map.get(method, "name") == "implementation" && Map.get(method, "stateMutability") == "view"
-      end)
-
-    master_copy_method_abi =
-      abi
-      |> Enum.find(fn method ->
-        master_copy_pattern?(method)
-      end)
-
-    implementation_address =
-      cond do
-        implementation_method_abi ->
-          get_implementation_address_hash_basic(proxy_address_hash, abi)
-
-        master_copy_method_abi ->
-          get_implementation_address_hash_from_master_copy_pattern(proxy_address_hash)
-
-        true ->
-          get_implementation_address_hash_eip_1967(proxy_address_hash)
-      end
-
-    save_implementation_name(implementation_address, proxy_address_hash)
-  end
-
-  def get_implementation_address_hash(proxy_address_hash, abi) when is_nil(proxy_address_hash) or is_nil(abi) do
-    {nil, nil}
-  end
-
-  defp get_implementation_address_hash_eip_1967(proxy_address_hash) do
-    json_rpc_named_arguments = Application.get_env(:explorer, :json_rpc_named_arguments)
-
-    # https://eips.ethereum.org/EIPS/eip-1967
-    storage_slot_logic_contract_address = "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc"
-
-    {_status, implementation_address} =
-      case Contract.eth_get_storage_at_request(
-             proxy_address_hash,
-             storage_slot_logic_contract_address,
-             nil,
-             json_rpc_named_arguments
-           ) do
-        {:ok, empty_address}
-        when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000"] ->
-          fetch_beacon_proxy_implementation(proxy_address_hash, json_rpc_named_arguments)
-
-        {:ok, implementation_logic_address} ->
-          {:ok, implementation_logic_address}
-
-        {:error, _} ->
-          {:ok, "0x"}
-      end
-
-    abi_decode_address_output(implementation_address)
-  end
-
-  # changes requested by https://github.com/blockscout/blockscout/issues/4770
-  # for support BeaconProxy pattern
-  defp fetch_beacon_proxy_implementation(proxy_address_hash, json_rpc_named_arguments) do
-    # https://eips.ethereum.org/EIPS/eip-1967
-    storage_slot_beacon_contract_address = "0xa3f0ad74e5423aebfd80d3ef4346578335a9a72aeaee59ff6cb3582b35133d50"
-
-    implementation_method_abi = [
-      %{
-        "type" => "function",
-        "stateMutability" => "view",
-        "outputs" => [%{"type" => "address", "name" => "", "internalType" => "address"}],
-        "name" => "implementation",
-        "inputs" => []
-      }
-    ]
-
-    case Contract.eth_get_storage_at_request(
-           proxy_address_hash,
-           storage_slot_beacon_contract_address,
-           nil,
-           json_rpc_named_arguments
-         ) do
-      {:ok, empty_address}
-      when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000"] ->
-        fetch_openzeppelin_proxy_implementation(proxy_address_hash, json_rpc_named_arguments)
-
-      {:ok, beacon_contract_address} ->
-        case beacon_contract_address
-             |> abi_decode_address_output()
-             |> get_implementation_address_hash_basic(implementation_method_abi) do
-          <<implementation_address::binary-size(42)>> ->
-            {:ok, implementation_address}
-
-          _ ->
-            {:ok, beacon_contract_address}
-        end
-
-      {:error, _} ->
-        {:ok, "0x"}
-    end
-  end
-
-  # changes requested by https://github.com/blockscout/blockscout/issues/5292
-  defp fetch_openzeppelin_proxy_implementation(proxy_address_hash, json_rpc_named_arguments) do
-    # This is the keccak-256 hash of "org.zeppelinos.proxy.implementation"
-    storage_slot_logic_contract_address = "0x7050c9e0f4ca769c69bd3a8ef740bc37934f8e2c036e5a723fd8ee048ed3f8c3"
-
-    case Contract.eth_get_storage_at_request(
-           proxy_address_hash,
-           storage_slot_logic_contract_address,
-           nil,
-           json_rpc_named_arguments
-         ) do
-      {:ok, empty_address}
-      when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000"] ->
-        {:ok, "0x"}
-
-      {:ok, logic_contract_address} ->
-        {:ok, logic_contract_address}
-
-      {:error, _} ->
-        {:ok, "0x"}
-    end
-  end
-
-  defp get_implementation_address_hash_basic(proxy_address_hash, abi) do
-    # 5c60da1b = keccak256(implementation())
-    implementation_address =
-      case Reader.query_contract(
-             proxy_address_hash,
-             abi,
-             %{
-               "5c60da1b" => []
-             },
-             false
-           ) do
-        %{"5c60da1b" => {:ok, [result]}} -> result
-        _ -> nil
-      end
-
-    address_to_hex(implementation_address)
-  end
-
-  defp get_implementation_address_hash_from_master_copy_pattern(proxy_address_hash) do
-    json_rpc_named_arguments = Application.get_env(:explorer, :json_rpc_named_arguments)
-
-    master_copy_storage_pointer = "0x0"
-
-    {:ok, implementation_address} =
-      Contract.eth_get_storage_at_request(
-        proxy_address_hash,
-        master_copy_storage_pointer,
-        nil,
-        json_rpc_named_arguments
-      )
-
-    abi_decode_address_output(implementation_address)
-  end
-
-  defp master_copy_pattern?(method) do
+  def master_copy_pattern?(method) do
     Map.get(method, "type") == "constructor" &&
       method
       |> Enum.find(fn item ->
@@ -6063,57 +5900,6 @@ defmodule Explorer.Chain do
     end)
   end
 
-  defp save_implementation_name(empty_address_hash_string, _)
-       when empty_address_hash_string in [
-              "0x",
-              "0x0",
-              "0x0000000000000000000000000000000000000000000000000000000000000000",
-              @burn_address_hash_str
-            ],
-       do: {empty_address_hash_string, nil}
-
-  defp save_implementation_name(implementation_address_hash_string, proxy_address_hash)
-       when is_binary(implementation_address_hash_string) do
-    with {:ok, address_hash} <- string_to_address_hash(implementation_address_hash_string),
-         %SmartContract{name: name} <- address_hash_to_smart_contract(address_hash) do
-      SmartContract
-      |> where([sc], sc.address_hash == ^proxy_address_hash)
-      |> update(set: [implementation_name: ^name])
-      |> Repo.update_all([])
-
-      {implementation_address_hash_string, name}
-    else
-      _ ->
-        {implementation_address_hash_string, nil}
-    end
-  end
-
-  defp save_implementation_name(other, _), do: {other, nil}
-
-  defp abi_decode_address_output(nil), do: nil
-
-  defp abi_decode_address_output("0x"), do: @burn_address_hash_str
-
-  defp abi_decode_address_output(address) when is_binary(address) do
-    if String.length(address) > 42 do
-      "0x" <> String.slice(address, -40, 40)
-    else
-      address
-    end
-  end
-
-  defp abi_decode_address_output(_), do: nil
-
-  defp address_to_hex(address) do
-    if address do
-      if String.starts_with?(address, "0x") do
-        address
-      else
-        "0x" <> Base.encode16(address, case: :lower)
-      end
-    end
-  end
-
   def get_implementation_abi(implementation_address_hash_string) when not is_nil(implementation_address_hash_string) do
     case Chain.string_to_address_hash(implementation_address_hash_string) do
       {:ok, implementation_address_hash} ->
@@ -6137,15 +5923,13 @@ defmodule Explorer.Chain do
     []
   end
 
-  def get_implementation_abi_from_proxy(proxy_address_hash, abi)
+  def get_implementation_abi_from_proxy(%SmartContract{address_hash: proxy_address_hash, abi: abi} = smart_contract)
       when not is_nil(proxy_address_hash) and not is_nil(abi) do
-    {implementation_address_hash_string, _name} = get_implementation_address_hash(proxy_address_hash, abi)
+    {implementation_address_hash_string, _name} = SmartContract.get_implementation_address_hash(smart_contract)
     get_implementation_abi(implementation_address_hash_string)
   end
 
-  def get_implementation_abi_from_proxy(proxy_address_hash, abi) when is_nil(proxy_address_hash) or is_nil(abi) do
-    []
-  end
+  def get_implementation_abi_from_proxy(_), do: []
 
   defp format_tx_first_trace(first_trace, block_hash, json_rpc_named_arguments) do
     {:ok, to_address_hash} =
diff --git a/apps/explorer/lib/explorer/chain/log.ex b/apps/explorer/lib/explorer/chain/log.ex
index f9de1eb43d..4a23818881 100644
--- a/apps/explorer/lib/explorer/chain/log.ex
+++ b/apps/explorer/lib/explorer/chain/log.ex
@@ -128,8 +128,8 @@ defmodule Explorer.Chain.Log do
     ]
 
     case Chain.find_contract_address(log.address_hash, address_options, true) do
-      {:ok, %{smart_contract: %{abi: abi}}} ->
-        full_abi = Chain.combine_proxy_implementation_abi(log.address_hash, abi)
+      {:ok, %{smart_contract: smart_contract}} ->
+        full_abi = Chain.combine_proxy_implementation_abi(smart_contract)
 
         with {:ok, selector, mapping} <- find_and_decode(full_abi, log, transaction),
              identifier <- Base.encode16(selector.method_id, case: :lower),
diff --git a/apps/explorer/lib/explorer/chain/smart_contract.ex b/apps/explorer/lib/explorer/chain/smart_contract.ex
index 0b18c8a3e4..bd72f3ad2b 100644
--- a/apps/explorer/lib/explorer/chain/smart_contract.ex
+++ b/apps/explorer/lib/explorer/chain/smart_contract.ex
@@ -13,9 +13,15 @@ defmodule Explorer.Chain.SmartContract do
   use Explorer.Schema
 
   alias Ecto.Changeset
+  alias EthereumJSONRPC.Contract
+  alias Explorer.Counters.AverageBlockTime
   alias Explorer.{Chain, Repo}
   alias Explorer.Chain.{Address, ContractMethod, DecompiledSmartContract, Hash}
   alias Explorer.Chain.SmartContract.ExternalLibrary
+  alias Explorer.SmartContract.Reader
+  alias Timex.Duration
+
+  @burn_address_hash_str "0x0000000000000000000000000000000000000000"
 
   @typedoc """
   The name of a parameter to a function or event.
@@ -201,7 +207,9 @@ defmodule Explorer.Chain.SmartContract do
   * `bytecode_checked_at` - timestamp of the last check of contract's bytecode matching (DB and BlockChain)
   * `contract_code_md5` - md5(`t:Explorer.Chain.Address.t/0` `contract_code`)
   * `implementation_name` - name of the proxy implementation
-  * `settings` - raw compilation parameters
+  * `compiler_settings` - raw compilation parameters
+  * `implementation_fetched_at` - timestamp of the last fetching contract's implementation info
+  * `implementation_address_hash` - address hash of the proxy's implementation if any
   * `autodetect_constructor_args` - field was added for storing user's choice
   * `is_yul` - field was added for storing user's choice
   """
@@ -224,6 +232,8 @@ defmodule Explorer.Chain.SmartContract do
           contract_code_md5: String.t(),
           implementation_name: String.t() | nil,
           compiler_settings: map() | nil,
+          implementation_fetched_at: DateTime.t(),
+          implementation_address_hash: Hash.Address.t(),
           autodetect_constructor_args: boolean | nil,
           is_yul: boolean | nil
         }
@@ -247,6 +257,8 @@ defmodule Explorer.Chain.SmartContract do
     field(:contract_code_md5, :string)
     field(:implementation_name, :string)
     field(:compiler_settings, :map)
+    field(:implementation_fetched_at, :utc_datetime_usec, default: nil)
+    field(:implementation_address_hash, Hash.Address, default: nil)
     field(:autodetect_constructor_args, :boolean, virtual: true)
     field(:is_yul, :boolean, virtual: true)
 
@@ -291,7 +303,9 @@ defmodule Explorer.Chain.SmartContract do
       :bytecode_checked_at,
       :contract_code_md5,
       :implementation_name,
-      :compiler_settings
+      :compiler_settings,
+      :implementation_address_hash,
+      :implementation_fetched_at
     ])
     |> validate_required([
       :name,
@@ -493,4 +507,370 @@ defmodule Explorer.Chain.SmartContract do
   end
 
   defp to_address_hash(address_hash), do: address_hash
+
+  def proxy_contract?(%__MODULE__{abi: abi} = smart_contract) when not is_nil(abi) do
+    implementation_method_abi =
+      abi
+      |> Enum.find(fn method ->
+        Map.get(method, "name") == "implementation" ||
+          Chain.master_copy_pattern?(method)
+      end)
+
+    if implementation_method_abi ||
+         not is_nil(
+           smart_contract
+           |> get_implementation_address_hash()
+           |> Tuple.to_list()
+           |> List.first()
+         ),
+       do: true,
+       else: false
+  end
+
+  def proxy_contract?(_), do: false
+
+  def get_implementation_address_hash(%__MODULE__{abi: nil}), do: false
+
+  def get_implementation_address_hash(
+        %__MODULE__{
+          address_hash: address_hash,
+          implementation_fetched_at: implementation_fetched_at
+        } = smart_contract
+      ) do
+    updated_smart_contract =
+      if Application.get_env(:explorer, :enable_caching_implementation_data_of_proxy) &&
+           check_implementation_refetch_neccessity(implementation_fetched_at) do
+        Chain.address_hash_to_smart_contract(address_hash)
+      else
+        smart_contract
+      end
+
+    get_implementation_address_hash({:updated, updated_smart_contract})
+  end
+
+  def get_implementation_address_hash(
+        {:updated,
+         %__MODULE__{
+           address_hash: address_hash,
+           abi: abi,
+           implementation_address_hash: implementation_address_hash_from_db,
+           implementation_name: implementation_name_from_db,
+           implementation_fetched_at: implementation_fetched_at
+         }}
+      ) do
+    if check_implementation_refetch_neccessity(implementation_fetched_at) do
+      get_implementation_address_hash_task = Task.async(fn -> get_implementation_address_hash(address_hash, abi) end)
+
+      timeout = Application.get_env(:explorer, :implementation_data_fetching_timeout)
+
+      case Task.yield(get_implementation_address_hash_task, timeout) ||
+             Task.ignore(get_implementation_address_hash_task) do
+        {:ok, {:empty, :empty}} ->
+          {nil, nil}
+
+        {:ok, {address_hash, _name} = result} when not is_nil(address_hash) ->
+          result
+
+        _ ->
+          {db_implementation_data_converter(implementation_address_hash_from_db),
+           db_implementation_data_converter(implementation_name_from_db)}
+      end
+    else
+      {db_implementation_data_converter(implementation_address_hash_from_db),
+       db_implementation_data_converter(implementation_name_from_db)}
+    end
+  end
+
+  def get_implementation_address_hash(_), do: {nil, nil}
+
+  defp db_implementation_data_converter(nil), do: nil
+  defp db_implementation_data_converter(string) when is_binary(string), do: string
+  defp db_implementation_data_converter(other), do: to_string(other)
+
+  defp check_implementation_refetch_neccessity(nil), do: true
+
+  defp check_implementation_refetch_neccessity(timestamp) do
+    if Application.get_env(:explorer, :enable_caching_implementation_data_of_proxy) do
+      now = DateTime.utc_now()
+
+      average_block_time =
+        if Application.get_env(:explorer, :avg_block_time_as_ttl_cached_implementation_data_of_proxy) do
+          case AverageBlockTime.average_block_time() do
+            {:error, :disabled} ->
+              0
+
+            duration ->
+              duration
+              |> Duration.to_milliseconds()
+          end
+        else
+          0
+        end
+
+      fresh_time_distance =
+        case average_block_time do
+          0 ->
+            Application.get_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy)
+
+          time ->
+            round(time)
+        end
+
+      timestamp
+      |> DateTime.add(fresh_time_distance, :millisecond)
+      |> DateTime.compare(now) != :gt
+    else
+      true
+    end
+  end
+
+  @spec get_implementation_address_hash(Hash.Address.t(), list()) :: {String.t() | nil, String.t() | nil}
+  defp get_implementation_address_hash(proxy_address_hash, abi)
+       when not is_nil(proxy_address_hash) and not is_nil(abi) do
+    implementation_method_abi =
+      abi
+      |> Enum.find(fn method ->
+        Map.get(method, "name") == "implementation" && Map.get(method, "stateMutability") == "view"
+      end)
+
+    master_copy_method_abi =
+      abi
+      |> Enum.find(fn method ->
+        Chain.master_copy_pattern?(method)
+      end)
+
+    implementation_address =
+      cond do
+        implementation_method_abi ->
+          get_implementation_address_hash_basic(proxy_address_hash, abi)
+
+        master_copy_method_abi ->
+          get_implementation_address_hash_from_master_copy_pattern(proxy_address_hash)
+
+        true ->
+          get_implementation_address_hash_eip_1967(proxy_address_hash)
+      end
+
+    save_implementation_data(implementation_address, proxy_address_hash)
+  end
+
+  defp get_implementation_address_hash(proxy_address_hash, abi) when is_nil(proxy_address_hash) or is_nil(abi) do
+    {nil, nil}
+  end
+
+  defp get_implementation_address_hash_eip_1967(proxy_address_hash) do
+    json_rpc_named_arguments = Application.get_env(:explorer, :json_rpc_named_arguments)
+
+    # https://eips.ethereum.org/EIPS/eip-1967
+    storage_slot_logic_contract_address = "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc"
+
+    {_status, implementation_address} =
+      case Contract.eth_get_storage_at_request(
+             proxy_address_hash,
+             storage_slot_logic_contract_address,
+             nil,
+             json_rpc_named_arguments
+           ) do
+        {:ok, empty_address}
+        when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000", nil] ->
+          fetch_beacon_proxy_implementation(proxy_address_hash, json_rpc_named_arguments)
+
+        {:ok, implementation_logic_address} ->
+          {:ok, implementation_logic_address}
+
+        _ ->
+          {:ok, nil}
+      end
+
+    abi_decode_address_output(implementation_address)
+  end
+
+  # changes requested by https://github.com/blockscout/blockscout/issues/4770
+  # for support BeaconProxy pattern
+  defp fetch_beacon_proxy_implementation(proxy_address_hash, json_rpc_named_arguments) do
+    # https://eips.ethereum.org/EIPS/eip-1967
+    storage_slot_beacon_contract_address = "0xa3f0ad74e5423aebfd80d3ef4346578335a9a72aeaee59ff6cb3582b35133d50"
+
+    implementation_method_abi = [
+      %{
+        "type" => "function",
+        "stateMutability" => "view",
+        "outputs" => [%{"type" => "address", "name" => "", "internalType" => "address"}],
+        "name" => "implementation",
+        "inputs" => []
+      }
+    ]
+
+    case Contract.eth_get_storage_at_request(
+           proxy_address_hash,
+           storage_slot_beacon_contract_address,
+           nil,
+           json_rpc_named_arguments
+         ) do
+      {:ok, empty_address}
+      when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000", nil] ->
+        fetch_openzeppelin_proxy_implementation(proxy_address_hash, json_rpc_named_arguments)
+
+      {:ok, beacon_contract_address} ->
+        case beacon_contract_address
+             |> abi_decode_address_output()
+             |> get_implementation_address_hash_basic(implementation_method_abi) do
+          <<implementation_address::binary-size(42)>> ->
+            {:ok, implementation_address}
+
+          _ ->
+            {:ok, beacon_contract_address}
+        end
+
+      _ ->
+        {:ok, nil}
+    end
+  end
+
+  # changes requested by https://github.com/blockscout/blockscout/issues/5292
+  defp fetch_openzeppelin_proxy_implementation(proxy_address_hash, json_rpc_named_arguments) do
+    # This is the keccak-256 hash of "org.zeppelinos.proxy.implementation"
+    storage_slot_logic_contract_address = "0x7050c9e0f4ca769c69bd3a8ef740bc37934f8e2c036e5a723fd8ee048ed3f8c3"
+
+    case Contract.eth_get_storage_at_request(
+           proxy_address_hash,
+           storage_slot_logic_contract_address,
+           nil,
+           json_rpc_named_arguments
+         ) do
+      {:ok, empty_address}
+      when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000"] ->
+        {:ok, "0x"}
+
+      {:ok, logic_contract_address} ->
+        {:ok, logic_contract_address}
+
+      _ ->
+        {:ok, nil}
+    end
+  end
+
+  defp get_implementation_address_hash_basic(proxy_address_hash, abi) do
+    # 5c60da1b = keccak256(implementation())
+    implementation_address =
+      case Reader.query_contract(
+             proxy_address_hash,
+             abi,
+             %{
+               "5c60da1b" => []
+             },
+             false
+           ) do
+        %{"5c60da1b" => {:ok, [result]}} -> result
+        _ -> nil
+      end
+
+    address_to_hex(implementation_address)
+  end
+
+  defp get_implementation_address_hash_from_master_copy_pattern(proxy_address_hash) do
+    json_rpc_named_arguments = Application.get_env(:explorer, :json_rpc_named_arguments)
+
+    master_copy_storage_pointer = "0x0"
+
+    {:ok, implementation_address} =
+      case Contract.eth_get_storage_at_request(
+             proxy_address_hash,
+             master_copy_storage_pointer,
+             nil,
+             json_rpc_named_arguments
+           ) do
+        {:ok, empty_address}
+        when empty_address in ["0x", "0x0", "0x0000000000000000000000000000000000000000000000000000000000000000"] ->
+          {:ok, "0x"}
+
+        {:ok, logic_contract_address} ->
+          {:ok, logic_contract_address}
+
+        _ ->
+          {:ok, nil}
+      end
+
+    abi_decode_address_output(implementation_address)
+  end
+
+  defp save_implementation_data(nil, _), do: {nil, nil}
+
+  defp save_implementation_data(empty_address_hash_string, proxy_address_hash)
+       when empty_address_hash_string in [
+              "0x",
+              "0x0",
+              "0x0000000000000000000000000000000000000000000000000000000000000000",
+              @burn_address_hash_str
+            ] do
+    proxy_address_hash
+    |> Chain.address_hash_to_smart_contract_without_twin()
+    |> changeset(%{
+      implementation_name: nil,
+      implementation_address_hash: nil,
+      implementation_fetched_at: DateTime.utc_now()
+    })
+    |> Repo.update()
+
+    {:empty, :empty}
+  end
+
+  defp save_implementation_data(implementation_address_hash_string, proxy_address_hash)
+       when is_binary(implementation_address_hash_string) do
+    with {:ok, address_hash} <- Chain.string_to_address_hash(implementation_address_hash_string),
+         proxy_contract <- Chain.address_hash_to_smart_contract_without_twin(proxy_address_hash),
+         false <- is_nil(proxy_contract),
+         %{implementation: %__MODULE__{name: name}, proxy: proxy_contract} <- %{
+           implementation: Chain.address_hash_to_smart_contract(address_hash),
+           proxy: proxy_contract
+         } do
+      proxy_contract
+      |> changeset(%{
+        implementation_name: name,
+        implementation_address_hash: implementation_address_hash_string,
+        implementation_fetched_at: DateTime.utc_now()
+      })
+      |> Repo.update()
+
+      {implementation_address_hash_string, name}
+    else
+      %{implementation: _, proxy: proxy_contract} ->
+        proxy_contract
+        |> changeset(%{
+          implementation_name: nil,
+          implementation_address_hash: implementation_address_hash_string,
+          implementation_fetched_at: DateTime.utc_now()
+        })
+        |> Repo.update()
+
+        {implementation_address_hash_string, nil}
+
+      _ ->
+        {implementation_address_hash_string, nil}
+    end
+  end
+
+  defp address_to_hex(address) do
+    if address do
+      if String.starts_with?(address, "0x") do
+        address
+      else
+        "0x" <> Base.encode16(address, case: :lower)
+      end
+    end
+  end
+
+  defp abi_decode_address_output(nil), do: nil
+
+  defp abi_decode_address_output("0x"), do: @burn_address_hash_str
+
+  defp abi_decode_address_output(address) when is_binary(address) do
+    if String.length(address) > 42 do
+      "0x" <> String.slice(address, -40, 40)
+    else
+      address
+    end
+  end
+
+  defp abi_decode_address_output(_), do: nil
 end
diff --git a/apps/explorer/lib/explorer/chain/transaction.ex b/apps/explorer/lib/explorer/chain/transaction.ex
index be55eba91d..0dccd1c90f 100644
--- a/apps/explorer/lib/explorer/chain/transaction.ex
+++ b/apps/explorer/lib/explorer/chain/transaction.ex
@@ -23,6 +23,7 @@ defmodule Explorer.Chain.Transaction do
     Hash,
     InternalTransaction,
     Log,
+    SmartContract,
     TokenTransfer,
     Transaction,
     Wei
@@ -493,7 +494,7 @@ defmodule Explorer.Chain.Transaction do
       candidates_query
       |> Repo.all()
       |> Enum.flat_map(fn candidate ->
-        case do_decoded_input_data(data, [candidate.abi], nil, hash) do
+        case do_decoded_input_data(data, %SmartContract{abi: [candidate.abi], address_hash: nil}, hash) do
           {:ok, _, _, _} = decoded -> [decoded]
           _ -> []
         end
@@ -508,11 +509,11 @@ defmodule Explorer.Chain.Transaction do
 
   def decoded_input_data(%__MODULE__{
         input: %{bytes: data},
-        to_address: %{smart_contract: %{abi: abi, address_hash: address_hash}},
+        to_address: %{smart_contract: smart_contract},
         hash: hash
       }) do
-    case do_decoded_input_data(data, abi, address_hash, hash) do
-      # In some cases transactions use methods of some unpredictable contracts, so we can try to look up for method in a whole DB
+    case do_decoded_input_data(data, smart_contract, hash) do
+      # In some cases transactions use methods of some unpredictadle contracts, so we can try to look up for method in a whole DB
       {:error, :could_not_decode} ->
         case decoded_input_data(%__MODULE__{
                to_address: %{smart_contract: nil},
@@ -534,8 +535,8 @@ defmodule Explorer.Chain.Transaction do
     end
   end
 
-  defp do_decoded_input_data(data, abi, address_hash, hash) do
-    full_abi = Chain.combine_proxy_implementation_abi(address_hash, abi)
+  defp do_decoded_input_data(data, smart_contract, hash) do
+    full_abi = Chain.combine_proxy_implementation_abi(smart_contract)
 
     with {:ok, {selector, values}} <- find_and_decode(full_abi, data, hash),
          {:ok, mapping} <- selector_mapping(selector, values, hash),
diff --git a/apps/explorer/lib/explorer/etherscan/contracts.ex b/apps/explorer/lib/explorer/etherscan/contracts.ex
index a02f791af7..cea04475df 100644
--- a/apps/explorer/lib/explorer/etherscan/contracts.ex
+++ b/apps/explorer/lib/explorer/etherscan/contracts.ex
@@ -60,13 +60,13 @@ defmodule Explorer.Etherscan.Contracts do
 
   def append_proxy_info(%Address{smart_contract: smart_contract} = address) when not is_nil(smart_contract) do
     updated_smart_contract =
-      if Chain.proxy_contract?(address.hash, smart_contract.abi) do
+      if SmartContract.proxy_contract?(smart_contract) do
         smart_contract
         |> Map.put(:is_proxy, true)
         |> Map.put(
           :implementation_address_hash_string,
-          address.hash
-          |> Chain.get_implementation_address_hash(smart_contract.abi)
+          smart_contract
+          |> SmartContract.get_implementation_address_hash()
           |> Tuple.to_list()
           |> List.first()
         )
diff --git a/apps/explorer/lib/explorer/smart_contract/reader.ex b/apps/explorer/lib/explorer/smart_contract/reader.ex
index d83cdc2c4a..0d0c8d5b2d 100644
--- a/apps/explorer/lib/explorer/smart_contract/reader.ex
+++ b/apps/explorer/lib/explorer/smart_contract/reader.ex
@@ -526,15 +526,12 @@ defmodule Explorer.SmartContract.Reader do
   end
 
   defp get_abi(contract_address_hash, type) do
-    abi =
-      contract_address_hash
-      |> Chain.address_hash_to_smart_contract()
-      |> Map.get(:abi)
+    contract = Chain.address_hash_to_smart_contract(contract_address_hash)
 
     if type == :proxy do
-      Chain.get_implementation_abi_from_proxy(contract_address_hash, abi)
+      Chain.get_implementation_abi_from_proxy(contract)
     else
-      abi
+      contract.abi
     end
   end
 
diff --git a/apps/explorer/priv/repo/migrations/20220527131249_add_implementation_fields.exs b/apps/explorer/priv/repo/migrations/20220527131249_add_implementation_fields.exs
new file mode 100644
index 0000000000..5f3839dd4a
--- /dev/null
+++ b/apps/explorer/priv/repo/migrations/20220527131249_add_implementation_fields.exs
@@ -0,0 +1,10 @@
+defmodule Explorer.Repo.Migrations.AddImplementationFields do
+  use Ecto.Migration
+
+  def change do
+    alter table(:smart_contracts) do
+      add(:implementation_address_hash, :bytea, null: true)
+      add(:implementation_fetched_at, :"timestamp without time zone", null: true)
+    end
+  end
+end
diff --git a/apps/explorer/test/explorer/chain/smart_contract_test.exs b/apps/explorer/test/explorer/chain/smart_contract_test.exs
new file mode 100644
index 0000000000..38ff09e3b1
--- /dev/null
+++ b/apps/explorer/test/explorer/chain/smart_contract_test.exs
@@ -0,0 +1,237 @@
+defmodule Explorer.Chain.SmartContractTest do
+  use Explorer.DataCase, async: false
+
+  import Mox
+  alias Explorer.Chain
+  alias Explorer.Chain.SmartContract
+
+  doctest Explorer.Chain.SmartContract
+
+  setup :verify_on_exit!
+  setup :set_mox_global
+
+  describe "test fetching implementation" do
+    test "check proxy_contract/1 function" do
+      smart_contract = insert(:smart_contract)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, :timer.seconds(20))
+      Application.put_env(:explorer, :implementation_data_fetching_timeout, :timer.seconds(20))
+
+      refute smart_contract.implementation_fetched_at
+
+      # fetch nil implementation and save it to db
+      get_eip1967_implementation_zero_addresses()
+      refute SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_empty_implementation(smart_contract.address_hash)
+      # extract proxy info from db
+      refute SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_empty_implementation(smart_contract.address_hash)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, 0)
+
+      get_eip1967_implementation_error_response()
+      refute SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+
+      get_eip1967_implementation_non_zero_address()
+      assert SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_implementation_address(smart_contract.address_hash)
+
+      get_eip1967_implementation_non_zero_address()
+      assert SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_implementation_address(smart_contract.address_hash)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, :timer.seconds(20))
+      assert SmartContract.proxy_contract?(smart_contract)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, 0)
+      get_eip1967_implementation_non_zero_address()
+      assert SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+
+      get_eip1967_implementation_error_response()
+      assert SmartContract.proxy_contract?(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+    end
+
+    test "test get_implementation_adddress_hash/1" do
+      smart_contract = insert(:smart_contract)
+      implementation_smart_contract = insert(:smart_contract, name: "proxy")
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, :timer.seconds(20))
+      Application.put_env(:explorer, :implementation_data_fetching_timeout, :timer.seconds(20))
+
+      refute smart_contract.implementation_fetched_at
+
+      # fetch nil implementation and save it to db
+      get_eip1967_implementation_zero_addresses()
+      assert {nil, nil} = SmartContract.get_implementation_address_hash(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_empty_implementation(smart_contract.address_hash)
+
+      # extract proxy info from db
+      assert {nil, nil} = SmartContract.get_implementation_address_hash(smart_contract)
+      assert_empty_implementation(smart_contract.address_hash)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, 0)
+
+      string_implementation_address_hash = to_string(implementation_smart_contract.address_hash)
+
+      expect(EthereumJSONRPC.Mox, :json_rpc, fn %{
+                                                  id: 0,
+                                                  method: "eth_getStorageAt",
+                                                  params: [
+                                                    _,
+                                                    "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc",
+                                                    "latest"
+                                                  ]
+                                                },
+                                                _options ->
+        {:ok, string_implementation_address_hash}
+      end)
+
+      assert {^string_implementation_address_hash, "proxy"} =
+               SmartContract.get_implementation_address_hash(smart_contract)
+
+      verify!(EthereumJSONRPC.Mox)
+
+      assert_exact_name_and_address(
+        smart_contract.address_hash,
+        implementation_smart_contract.address_hash,
+        implementation_smart_contract.name
+      )
+
+      get_eip1967_implementation_error_response()
+
+      assert {^string_implementation_address_hash, "proxy"} =
+               SmartContract.get_implementation_address_hash(smart_contract)
+
+      verify!(EthereumJSONRPC.Mox)
+
+      assert_exact_name_and_address(
+        smart_contract.address_hash,
+        implementation_smart_contract.address_hash,
+        implementation_smart_contract.name
+      )
+
+      contract_1 = Chain.address_hash_to_smart_contract(smart_contract.address_hash)
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, :timer.seconds(20))
+
+      assert {^string_implementation_address_hash, "proxy"} =
+               SmartContract.get_implementation_address_hash(smart_contract)
+
+      contract_2 = Chain.address_hash_to_smart_contract(smart_contract.address_hash)
+
+      assert contract_1.implementation_fetched_at == contract_2.implementation_fetched_at &&
+               contract_1.updated_at == contract_2.updated_at
+
+      Application.put_env(:explorer, :fallback_ttl_cached_implementation_data_of_proxy, 0)
+      get_eip1967_implementation_zero_addresses()
+      assert {nil, nil} = SmartContract.get_implementation_address_hash(smart_contract)
+      verify!(EthereumJSONRPC.Mox)
+      assert_empty_implementation(smart_contract.address_hash)
+    end
+  end
+
+  def get_eip1967_implementation_zero_addresses do
+    EthereumJSONRPC.Mox
+    |> expect(:json_rpc, fn %{
+                              id: 0,
+                              method: "eth_getStorageAt",
+                              params: [
+                                _,
+                                "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc",
+                                "latest"
+                              ]
+                            },
+                            _options ->
+      {:ok, "0x0000000000000000000000000000000000000000000000000000000000000000"}
+    end)
+    |> expect(:json_rpc, fn %{
+                              id: 0,
+                              method: "eth_getStorageAt",
+                              params: [
+                                _,
+                                "0xa3f0ad74e5423aebfd80d3ef4346578335a9a72aeaee59ff6cb3582b35133d50",
+                                "latest"
+                              ]
+                            },
+                            _options ->
+      {:ok, "0x0000000000000000000000000000000000000000000000000000000000000000"}
+    end)
+    |> expect(:json_rpc, fn %{
+                              id: 0,
+                              method: "eth_getStorageAt",
+                              params: [
+                                _,
+                                "0x7050c9e0f4ca769c69bd3a8ef740bc37934f8e2c036e5a723fd8ee048ed3f8c3",
+                                "latest"
+                              ]
+                            },
+                            _options ->
+      {:ok, "0x0000000000000000000000000000000000000000000000000000000000000000"}
+    end)
+  end
+
+  def get_eip1967_implementation_non_zero_address do
+    expect(EthereumJSONRPC.Mox, :json_rpc, fn %{
+                                                id: 0,
+                                                method: "eth_getStorageAt",
+                                                params: [
+                                                  _,
+                                                  "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc",
+                                                  "latest"
+                                                ]
+                                              },
+                                              _options ->
+      {:ok, "0x0000000000000000000000000000000000000000000000000000000000000001"}
+    end)
+  end
+
+  def get_eip1967_implementation_error_response do
+    EthereumJSONRPC.Mox
+    |> expect(:json_rpc, fn %{
+                              id: 0,
+                              method: "eth_getStorageAt",
+                              params: [
+                                _,
+                                "0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc",
+                                "latest"
+                              ]
+                            },
+                            _options ->
+      {:error, "error"}
+    end)
+  end
+
+  def assert_empty_implementation(address_hash) do
+    contract = Chain.address_hash_to_smart_contract(address_hash)
+    assert contract.implementation_fetched_at
+    refute contract.implementation_name
+    refute contract.implementation_address_hash
+  end
+
+  def assert_implementation_address(address_hash) do
+    contract = Chain.address_hash_to_smart_contract(address_hash)
+    assert contract.implementation_fetched_at
+    assert contract.implementation_address_hash
+  end
+
+  def assert_implementation_name(address_hash) do
+    contract = Chain.address_hash_to_smart_contract(address_hash)
+    assert contract.implementation_fetched_at
+    assert contract.implementation_name
+  end
+
+  def assert_exact_name_and_address(address_hash, implementation_address_hash, implementation_name) do
+    contract = Chain.address_hash_to_smart_contract(address_hash)
+    assert contract.implementation_fetched_at
+    assert contract.implementation_name == implementation_name
+    assert to_string(contract.implementation_address_hash) == to_string(implementation_address_hash)
+  end
+end
diff --git a/apps/explorer/test/explorer/chain_test.exs b/apps/explorer/test/explorer/chain_test.exs
index 61b42a0e60..dfad452986 100644
--- a/apps/explorer/test/explorer/chain_test.exs
+++ b/apps/explorer/test/explorer/chain_test.exs
@@ -5936,26 +5936,36 @@ defmodule Explorer.ChainTest do
 
     test "combine_proxy_implementation_abi/2 returns empty [] abi if proxy abi is null" do
       proxy_contract_address = insert(:contract_address)
-      assert Chain.combine_proxy_implementation_abi(proxy_contract_address, nil) == []
+
+      assert Chain.combine_proxy_implementation_abi(%SmartContract{address_hash: proxy_contract_address.hash, abi: nil}) ==
+               []
     end
 
     test "combine_proxy_implementation_abi/2 returns [] abi for unverified proxy" do
       proxy_contract_address = insert(:contract_address)
 
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: [], contract_code_md5: "123")
+
       get_eip1967_implementation()
 
-      assert Chain.combine_proxy_implementation_abi(proxy_contract_address, []) == []
+      assert Chain.combine_proxy_implementation_abi(smart_contract) == []
     end
 
     test "combine_proxy_implementation_abi/2 returns proxy abi if implementation is not verified" do
       proxy_contract_address = insert(:contract_address)
-      insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
-      assert Chain.combine_proxy_implementation_abi(proxy_contract_address, @proxy_abi) == @proxy_abi
+
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
+
+      assert Chain.combine_proxy_implementation_abi(smart_contract) == @proxy_abi
     end
 
     test "combine_proxy_implementation_abi/2 returns proxy + implementation abi if implementation is verified" do
       proxy_contract_address = insert(:contract_address)
-      insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
+
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
 
       implementation_contract_address = insert(:contract_address)
 
@@ -5983,7 +5993,7 @@ defmodule Explorer.ChainTest do
         end
       )
 
-      combined_abi = Chain.combine_proxy_implementation_abi(proxy_contract_address.hash, @proxy_abi)
+      combined_abi = Chain.combine_proxy_implementation_abi(smart_contract)
 
       assert Enum.any?(@proxy_abi, fn el -> el == Enum.at(@implementation_abi, 0) end) == false
       assert Enum.any?(@proxy_abi, fn el -> el == Enum.at(@implementation_abi, 1) end) == false
@@ -5993,26 +6003,36 @@ defmodule Explorer.ChainTest do
 
     test "get_implementation_abi_from_proxy/2 returns empty [] abi if proxy abi is null" do
       proxy_contract_address = insert(:contract_address)
-      assert Chain.get_implementation_abi_from_proxy(proxy_contract_address, nil) == []
+
+      assert Chain.get_implementation_abi_from_proxy(%SmartContract{address_hash: proxy_contract_address.hash, abi: nil}) ==
+               []
     end
 
     test "get_implementation_abi_from_proxy/2 returns [] abi for unverified proxy" do
       proxy_contract_address = insert(:contract_address)
 
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: [], contract_code_md5: "123")
+
       get_eip1967_implementation()
 
-      assert Chain.combine_proxy_implementation_abi(proxy_contract_address, []) == []
+      assert Chain.combine_proxy_implementation_abi(smart_contract) == []
     end
 
     test "get_implementation_abi_from_proxy/2 returns [] if implementation is not verified" do
       proxy_contract_address = insert(:contract_address)
-      insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
-      assert Chain.get_implementation_abi_from_proxy(proxy_contract_address, @proxy_abi) == []
+
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
+
+      assert Chain.get_implementation_abi_from_proxy(smart_contract) == []
     end
 
     test "get_implementation_abi_from_proxy/2 returns implementation abi if implementation is verified" do
       proxy_contract_address = insert(:contract_address)
-      insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
+
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: @proxy_abi, contract_code_md5: "123")
 
       implementation_contract_address = insert(:contract_address)
 
@@ -6040,14 +6060,16 @@ defmodule Explorer.ChainTest do
         end
       )
 
-      implementation_abi = Chain.get_implementation_abi_from_proxy(proxy_contract_address.hash, @proxy_abi)
+      implementation_abi = Chain.get_implementation_abi_from_proxy(smart_contract)
 
       assert implementation_abi == @implementation_abi
     end
 
     test "get_implementation_abi_from_proxy/2 returns implementation abi in case of EIP-1967 proxy pattern" do
       proxy_contract_address = insert(:contract_address)
-      insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: [], contract_code_md5: "123")
+
+      smart_contract =
+        insert(:smart_contract, address_hash: proxy_contract_address.hash, abi: [], contract_code_md5: "123")
 
       implementation_contract_address = insert(:contract_address)
 
@@ -6077,7 +6099,7 @@ defmodule Explorer.ChainTest do
         end
       )
 
-      implementation_abi = Chain.get_implementation_abi_from_proxy(proxy_contract_address.hash, [])
+      implementation_abi = Chain.get_implementation_abi_from_proxy(smart_contract)
 
       assert implementation_abi == @implementation_abi
     end
diff --git a/config/runtime.exs b/config/runtime.exs
index d3b31abf7e..7b9777f13f 100644
--- a/config/runtime.exs
+++ b/config/runtime.exs
@@ -213,7 +213,11 @@ config :explorer,
     if(disable_webapp != "true",
       do: Explorer.Chain.Events.SimpleSender,
       else: Explorer.Chain.Events.DBSender
-    )
+    ),
+  enable_caching_implementation_data_of_proxy: true,
+  avg_block_time_as_ttl_cached_implementation_data_of_proxy: true,
+  fallback_ttl_cached_implementation_data_of_proxy: :timer.seconds(4),
+  implementation_data_fetching_timeout: :timer.seconds(2)
 
 config :explorer, Explorer.Visualize.Sol2uml,
   service_url: System.get_env("VISUALIZE_SOL2UML_SERVICE_URL"),