diff --git a/apps/explorer/lib/explorer/chain/transaction_count_cache.ex b/apps/explorer/lib/explorer/chain/transaction_count_cache.ex
new file mode 100644
index 0000000000..9dc6be2e68
--- /dev/null
+++ b/apps/explorer/lib/explorer/chain/transaction_count_cache.ex
@@ -0,0 +1,115 @@
+defmodule Explorer.Chain.TransactionCountCache do
+  @moduledoc """
+  Cache for estimated transaction count.
+  """
+
+  use GenServer
+
+  alias Explorer.Chain.Transaction
+  alias Explorer.Repo
+
+  @tab :transaction_count_cache
+  # 2 hours
+  @cache_period 1_000 * 60 * 60 * 2
+  @default_value 0
+  @key "count"
+  @name __MODULE__
+
+  def start_link([params, gen_server_options]) do
+    GenServer.start_link(__MODULE__, params, name: gen_server_options[:name] || @name)
+  end
+
+  def init(params) do
+    cache_period = params[:cache_period] || @cache_period
+    current_value = params[:default_value] || @default_value
+
+    init_ets_table()
+
+    schedule_cache_update()
+
+    {:ok, {{cache_period, current_value}, nil}}
+  end
+
+  def value(process_name \\ __MODULE__) do
+    GenServer.call(process_name, :value)
+  end
+
+  def handle_call(:value, _, {{cache_period, default_value}, task}) do
+    {value, task} =
+      case cached_values() do
+        nil ->
+          {default_value, update_cache(task)}
+
+        {cached_value, timestamp} ->
+          task =
+            if current_time() - timestamp > cache_period do
+              update_cache(task)
+            end
+
+          {cached_value, task}
+      end
+
+    {:reply, value, {{cache_period, default_value}, task}}
+  end
+
+  def update_cache(nil) do
+    async_update_cache()
+  end
+
+  def update_cache(task) do
+    task
+  end
+
+  def handle_cast({:update_cache, value}, {{cache_period, default_value}, _}) do
+    current_time = current_time()
+    tuple = {value, current_time}
+
+    :ets.insert(@tab, {@key, tuple})
+
+    {:noreply, {{cache_period, default_value}, nil}}
+  end
+
+  def handle_info({:DOWN, _, _, _, _}, {{cache_period, default_value}, _}) do
+    {:noreply, {{cache_period, default_value}, nil}}
+  end
+
+  def handle_info(_, {{cache_period, default_value}, _}) do
+    {:noreply, {{cache_period, default_value}, nil}}
+  end
+
+  def async_update_cache do
+    Task.async(fn ->
+      result = Repo.aggregate(Transaction, :count, :hash, timeout: :infinity)
+
+      GenServer.cast(__MODULE__, {:update_cache, result})
+    end)
+  end
+
+  defp init_ets_table do
+    if :ets.whereis(@tab) == :undefined do
+      :ets.new(@tab, [
+        :set,
+        :named_table,
+        :public,
+        write_concurrency: true
+      ])
+    end
+  end
+
+  defp cached_values do
+    case :ets.lookup(@tab, @key) do
+      [{_, cached_values}] -> cached_values
+      _ -> nil
+    end
+  end
+
+  defp schedule_cache_update do
+    Process.send_after(self(), :update_cache, 2_000)
+  end
+
+  defp current_time do
+    utc_now = DateTime.utc_now()
+
+    DateTime.to_unix(utc_now, :millisecond)
+  end
+end
diff --git a/apps/explorer/test/explorer/chain/transaction_count_cache_test.exs b/apps/explorer/test/explorer/chain/transaction_count_cache_test.exs
new file mode 100644
index 0000000000..50c1e818a2
--- /dev/null
+++ b/apps/explorer/test/explorer/chain/transaction_count_cache_test.exs
@@ -0,0 +1,58 @@
+defmodule Explorer.Chain.TransactionCountCacheTest do
+  use Explorer.DataCase
+
+  alias Explorer.Chain.TransactionCountCache
+
+  test "returns default transaction count" do
+    TransactionCountCache.start_link([[], []])
+
+    result = TransactionCountCache.value()
+
+    assert result == 0
+  end
+
+  test "updates cache if initial value is zero" do
+    TransactionCountCache.start_link([[], []])
+
+    insert(:transaction)
+    insert(:transaction)
+
+    result = TransactionCountCache.value()
+
+    assert result == 0
+
+    Process.sleep(500)
+
+    updated_value = TransactionCountCache.value()
+
+    assert updated_value == 2
+  end
+
+  test "does not update cache if cache period did not pass" do
+    TransactionCountCache.start_link([[], []])
+
+    insert(:transaction)
+    insert(:transaction)
+
+    result = TransactionCountCache.value()
+
+    assert result == 0
+
+    Process.sleep(500)
+
+    updated_value = TransactionCountCache.value()
+
+    assert updated_value == 2
+
+    insert(:transaction)
+    insert(:transaction)
+
+    _updated_value = TransactionCountCache.value()
+
+    Process.sleep(500)
+
+    updated_value = TransactionCountCache.value()
+
+    assert updated_value == 2
+  end
+end