diff --git a/apps/explorer/lib/explorer/chain.ex b/apps/explorer/lib/explorer/chain.ex
index b2b5449e49..09e07ac119 100644
--- a/apps/explorer/lib/explorer/chain.ex
+++ b/apps/explorer/lib/explorer/chain.ex
@@ -72,13 +72,33 @@ defmodule Explorer.Chain do
   @spec balance(Address.t(), :wei) :: Wei.t() | nil
   @spec balance(Address.t(), :gwei) :: Wei.gwei() | nil
   @spec balance(Address.t(), :ether) :: Wei.ether() | nil
-  def balance(%Address{balance: balance}, unit) do
+  def balance(%Address{fetched_balance: balance}, unit) do
     case balance do
       nil -> nil
       _ -> Wei.to(balance, unit)
     end
   end
 
+  @spec update_balances(
+          %{address_hash :: String.t => balance :: integer}
+        ) :: :ok | {:error, reason :: term}
+  def update_balances(balances) do
+    timestamps = timestamps()
+    changes =
+      for {hash_string, amount} <- balances do
+        {:ok, truncated_hash} = Explorer.Chain.Hash.Truncated.cast(hash_string)
+        Map.merge(timestamps, %{
+          hash: truncated_hash,
+          fetched_balance: amount,
+          balance_fetched_at: timestamps.updated_at,
+        })
+      end
+
+    {_, _} = Repo.safe_insert_all(Address, changes,
+      conflict_target: :hash, on_conflict: :replace_all)
+    :ok
+  end
+
   @doc """
   The number of `t:Explorer.Chain.Block.t/0`.
 
@@ -380,7 +400,7 @@ defmodule Explorer.Chain do
   end
 
   @doc """
-  Bulk insert tree of resource from a list of blocks.
+  Bulk insert blocks from a list of blocks.
 
   ## Tree
 
@@ -391,7 +411,7 @@ defmodule Explorer.Chain do
         * `t.Explorer.Chain.Log.t/0`
 
   """
-  def insert(%{
+  def import_blocks(%{
         blocks_params: blocks_params,
         logs_params: logs_params,
         internal_transactions_params: internal_transactions_params,
@@ -412,6 +432,13 @@ defmodule Explorer.Chain do
     end
   end
 
+  @doc """
+  The number of `t:Explorer.Chain.Address.t/0`.
+  """
+  def address_count do
+    Repo.aggregate(Address, :count, :hash)
+  end
+
   @doc """
   The number of `t:Explorer.Chain.InternalTransaction.t/0`.
 
@@ -478,6 +505,17 @@ defmodule Explorer.Chain do
     |> Repo.paginate(pagination)
   end
 
+  @doc """
+  Returns a stream of unfetched `Explorer.Chain.Address.t/0`.
+  """
+  def stream_unfetched_addresses(initial, reducer) when is_function(reducer) do
+    Repo.transaction(fn ->
+      from(a in Address, where: is_nil(a.balance_fetched_at))
+      |> Repo.stream()
+      |> Enum.reduce(initial, reducer)
+    end)
+  end
+
   @doc """
   The number of `t:Explorer.Chain.Log.t/0`.
 
@@ -1058,11 +1096,11 @@ defmodule Explorer.Chain do
     insert_changes_list(
       changes_list,
       conflict_target: :hash,
-      # Do nothing so that pre-existing balance is not overwritten
-      on_conflict: :nothing,
+      on_conflict: [set: [balance_fetched_at: nil]],
       for: Address,
       timestamps: timestamps
     )
+    {:ok, for(changes <- changes_list, do: changes.hash)}
   end
 
   @spec insert_blocks([map()], [timestamps_option]) :: {:ok, Block.t()} | {:error, [Changeset.t()]}
diff --git a/apps/explorer/lib/explorer/chain/address.ex b/apps/explorer/lib/explorer/chain/address.ex
index b67064239e..30268b6f9c 100644
--- a/apps/explorer/lib/explorer/chain/address.ex
+++ b/apps/explorer/lib/explorer/chain/address.ex
@@ -20,8 +20,8 @@ defmodule Explorer.Chain.Address do
   @type hash :: Hash.t()
 
   @typedoc """
-  * `balance` - `credit.value - debit.value`
-  * `balance_updated_at` - the last time `balance` was recalculated
+  * `fetched_balance` - The last fetched balance from Parity
+  * `balance_fetched_at` - the last time `balance` was fetched
   * `credit` - accumulation of all credits to the address `hash`
   * `debit` - accumulation of all debits to the address `hash`
   * `hash` - the hash of the address's public key
@@ -29,8 +29,8 @@ defmodule Explorer.Chain.Address do
   * `updated_at` when this address was last updated
   """
   @type t :: %__MODULE__{
-          balance: Decimal.t(),
-          balance_updated_at: DateTime.t(),
+          fetched_balance: Decimal.t(),
+          balance_fetched_at: DateTime.t(),
           credit: %Ecto.Association.NotLoaded{} | Credit.t() | nil,
           debit: %Ecto.Association.NotLoaded{} | Debit.t() | nil,
           hash: Hash.Truncated.t(),
@@ -40,8 +40,8 @@ defmodule Explorer.Chain.Address do
 
   @primary_key {:hash, Hash.Truncated, autogenerate: false}
   schema "addresses" do
-    field(:balance, :decimal)
-    field(:balance_updated_at, Timex.Ecto.DateTime)
+    field(:fetched_balance, :decimal)
+    field(:balance_fetched_at, Timex.Ecto.DateTime)
 
     timestamps()
 
@@ -49,13 +49,11 @@ defmodule Explorer.Chain.Address do
     has_one(:debit, Debit)
   end
 
-  # Functions
-
   def balance_changeset(%__MODULE__{} = address, attrs) do
     address
-    |> cast(attrs, [:balance])
-    |> validate_required([:balance])
-    |> put_balance_updated_at()
+    |> cast(attrs, [:fetched_balance])
+    |> validate_required([:fetched_balance])
+    |> put_change(:balance_fetched_at, Timex.now())
   end
 
   def changeset(%__MODULE__{} = address, attrs) do
@@ -69,17 +67,10 @@ defmodule Explorer.Chain.Address do
     Enum.map(hash_set, &hash_to_changes/1)
   end
 
-  ## Private Functions
-
   defp hash_to_changes(%Hash{byte_count: 20} = hash) do
     %{hash: hash}
   end
 
-  defp put_balance_updated_at(changeset) do
-    changeset
-    |> put_change(:balance_updated_at, Timex.now())
-  end
-
   defimpl String.Chars do
     def to_string(%@for{hash: hash}) do
       @protocol.to_string(hash)
diff --git a/apps/explorer/lib/explorer/indexer/address_fetcher.ex b/apps/explorer/lib/explorer/indexer/address_fetcher.ex
new file mode 100644
index 0000000000..da22f4ac96
--- /dev/null
+++ b/apps/explorer/lib/explorer/indexer/address_fetcher.ex
@@ -0,0 +1,125 @@
+defmodule Explorer.Indexer.AddressFetcher do
+  @moduledoc """
+  TODO
+  """
+  use GenServer
+  require Logger
+
+  alias Explorer.Chain
+  alias Explorer.Chain.{
+    Address,
+    Hash,
+  }
+  alias Explorer.JSONRPC
+
+  @fetch_interval :timer.seconds(3)
+  @max_batch_size 500
+
+  def async_fetch_addresses(address_hashes) do
+    GenServer.cast(__MODULE__, {:buffer_addresses, address_hashes})
+  end
+
+  def start_link(opts) do
+    GenServer.start_link(__MODULE__, opts, name: __MODULE__)
+  end
+
+  def init(_opts) do
+    send(self(), :fetch_unfetched_addresses)
+
+    {:ok, %{buffer: MapSet.new(), tasks: %{}}}
+  end
+
+  def handle_info(:fetch_unfetched_addresses, state) do
+    schedule_next_buffer_fetch(0)
+    {:noreply, stream_unfetched_addresses(state)}
+  end
+
+  def handle_info(:buffer_fetch, state) do
+    schedule_next_buffer_fetch()
+    {:noreply, flush_buffer(state)}
+  end
+
+  def handle_info({ref, {:fetched_balances, results}}, state) do
+    :ok = Chain.update_balances(results)
+    {:noreply, drop_task(state, ref)}
+  end
+
+  def handle_info({:DOWN, _ref, :process, _pid, :normal}, state) do
+    {:noreply, state}
+  end
+  def handle_info({:DOWN, ref, :process, _pid, _reason}, state) do
+    batch = Map.fetch!(state.tasks, ref)
+
+    new_state =
+      state
+      |> drop_task(ref)
+      |> buffer_addresses(batch)
+
+    {:noreply, new_state}
+  end
+
+  def handle_cast({:buffer_addresses, address_hashes}, state) do
+    {:noreply, buffer_addresses(state, address_hashes)}
+  end
+
+  defp drop_task(state, ref) do
+    %{state | tasks: Map.delete(state.tasks, ref)}
+  end
+
+  defp buffer_addresses(state, address_hashes) do
+    string_hashes = for hash <- address_hashes, do: Hash.to_string(hash)
+    %{state | buffer: MapSet.union(state.buffer, MapSet.new(string_hashes))}
+  end
+
+  defp stream_unfetched_addresses(state) do
+    tasks =
+      {state.tasks, state.buffer}
+      |> Chain.stream_unfetched_addresses(fn %Address{hash: hash}, {tasks, batch} ->
+        batch = MapSet.put(batch, Hash.to_string(hash))
+        if MapSet.size(batch) >= @max_batch_size do
+          task = async_fetch_balances(batch)
+          {Map.put(tasks, task.ref, batch), MapSet.new()}
+        else
+          {tasks, batch}
+        end
+      end)
+      |> fetch_remaining()
+
+    %{state | tasks: tasks}
+  end
+  defp fetch_remaining({:ok, {tasks, batch}}) do
+    if MapSet.size(batch) > 0 do
+      task = async_fetch_balances(batch)
+      Map.put(tasks, task.ref, batch)
+    else
+      tasks
+    end
+  end
+
+  defp flush_buffer(state) do
+    if MapSet.size(state.buffer) > 0 do
+      task = async_fetch_balances(state.buffer)
+      new_tasks = Map.put(state.tasks, task.ref, state.buffer)
+
+      %{state | tasks: new_tasks, buffer: MapSet.new()}
+    else
+      state
+    end
+  end
+
+  defp schedule_next_buffer_fetch(after_ms \\ @fetch_interval) do
+    Process.send_after(self(), :buffer_fetch, after_ms)
+  end
+
+  defp do_fetch_addresses(address_hashes) do
+    JSONRPC.fetch_balances_by_hash(address_hashes)
+  end
+
+  defp async_fetch_balances(hashes_mapset) do
+    Task.Supervisor.async_nolink(Explorer.Indexer.TaskSupervisor, fn ->
+      Logger.debug(fn -> "fetching #{MapSet.size(hashes_mapset)} balances" end)
+      {:ok, balances} = do_fetch_addresses(Enum.to_list(hashes_mapset))
+      {:fetched_balances, balances}
+    end)
+  end
+end
diff --git a/apps/explorer/lib/explorer/indexer/block_fetcher.ex b/apps/explorer/lib/explorer/indexer/block_fetcher.ex
index 6e580e0e4f..3317eb37d2 100644
--- a/apps/explorer/lib/explorer/indexer/block_fetcher.ex
+++ b/apps/explorer/lib/explorer/indexer/block_fetcher.ex
@@ -12,7 +12,10 @@ defmodule Explorer.Indexer.BlockFetcher do
   require Logger
 
   alias Explorer.{Chain, Indexer, JSONRPC}
-  alias Explorer.Indexer.Sequence
+  alias Explorer.Indexer.{
+    Sequence,
+    AddressFetcher,
+  }
   alias Explorer.JSONRPC.Transactions
 
   # Struct
@@ -92,6 +95,7 @@ defmodule Explorer.Indexer.BlockFetcher do
         internal transactions: #{Chain.internal_transaction_count()}
         receipts: #{Chain.receipt_count()}
         logs: #{Chain.log_count()}
+        addresses: #{Chain.address_count()}
       """
     end)
 
@@ -166,14 +170,15 @@ defmodule Explorer.Indexer.BlockFetcher do
          seq: seq,
          transactions_params: transactions_params
        }) do
-    case Chain.insert(%{
+    case Chain.import_blocks(%{
            blocks_params: blocks_params,
            internal_transactions_params: internal_transactions_params,
            logs_params: log_params,
            receipts_params: receipt_params,
            transactions_params: transactions_params
          }) do
-      {:ok, _results} ->
+      {:ok, %{addresses: address_hashes}} ->
+        :ok = AddressFetcher.async_fetch_addresses(address_hashes)
         :ok
 
       {:error, step, reason, _changes} ->
diff --git a/apps/explorer/lib/explorer/indexer/supervisor.ex b/apps/explorer/lib/explorer/indexer/supervisor.ex
index 686df6f0ad..d846fd5193 100644
--- a/apps/explorer/lib/explorer/indexer/supervisor.ex
+++ b/apps/explorer/lib/explorer/indexer/supervisor.ex
@@ -5,7 +5,10 @@ defmodule Explorer.Indexer.Supervisor do
 
   use Supervisor
 
-  alias Explorer.Indexer.BlockFetcher
+  alias Explorer.Indexer.{
+    BlockFetcher,
+    AddressFetcher
+  }
 
   # Functions
 
@@ -18,9 +21,11 @@ defmodule Explorer.Indexer.Supervisor do
   @impl Supervisor
   def init(_opts) do
     children = [
-      {BlockFetcher, []}
+      {Task.Supervisor, name: Explorer.Indexer.TaskSupervisor},
+      {BlockFetcher, []},
+      {AddressFetcher, []},
     ]
 
-    Supervisor.init(children, strategy: :one_for_one)
+    Supervisor.init(children, strategy: :rest_for_one)
   end
 end
diff --git a/apps/explorer/lib/explorer/jsonrpc.ex b/apps/explorer/lib/explorer/jsonrpc.ex
index 0d110e05dc..687154e8b7 100644
--- a/apps/explorer/lib/explorer/jsonrpc.ex
+++ b/apps/explorer/lib/explorer/jsonrpc.ex
@@ -101,6 +101,35 @@ defmodule Explorer.JSONRPC do
     |> Keyword.fetch!(key)
   end
 
+  @doc """
+  Fetches address balances by address hashes.
+  """
+  def fetch_balances_by_hash(address_hashes) do
+    batched_requests =
+      for hash <- address_hashes do
+        %{
+          "id" => hash,
+          "jsonrpc" => "2.0",
+          "method" => "eth_getBalance",
+          "params" => [hash, "latest"]
+        }
+      end
+
+    batched_requests
+    |> json_rpc(config(:url))
+    |> handle_balances()
+  end
+  defp handle_balances({:ok, results}) do
+    native_results =
+      for response <- results, into: %{} do
+        {response["id"], hexadecimal_to_integer(response["result"])}
+      end
+
+    {:ok, native_results}
+  end
+  defp handle_balances({:error, _reason} = err), do: err
+
+
   @doc """
   Fetches blocks by block hashes.
 
@@ -157,7 +186,7 @@ defmodule Explorer.JSONRPC do
 
     case HTTPoison.post(url, json, headers, config(:http)) do
       {:ok, %HTTPoison.Response{body: body, status_code: code}} ->
-        body |> decode_json(payload) |> handle_response(code)
+        body |> decode_json(payload, url) |> handle_response(code)
 
       {:error, %HTTPoison.Error{reason: reason}} ->
         {:error, reason}
@@ -218,16 +247,18 @@ defmodule Explorer.JSONRPC do
 
   defp encode_json(data), do: Jason.encode_to_iodata!(data)
 
-  defp decode_json(body, posted_payload) do
+  defp decode_json(body, posted_payload, url) do
     Jason.decode!(body)
   rescue
     Jason.DecodeError ->
       Logger.error("""
       failed to decode json payload:
 
-          #{inspect(body)}
+          url: #{inspect(url)}
+
+          body: #{inspect(body)}
 
-          #{inspect(posted_payload)}
+          posted payload: #{inspect(posted_payload)}
 
       """)
 
diff --git a/apps/explorer/priv/repo/migrations/20180117221921_create_address.exs b/apps/explorer/priv/repo/migrations/20180117221921_create_address.exs
index 22c8cbebef..f3ca2af556 100644
--- a/apps/explorer/priv/repo/migrations/20180117221921_create_address.exs
+++ b/apps/explorer/priv/repo/migrations/20180117221921_create_address.exs
@@ -3,8 +3,8 @@ defmodule Explorer.Repo.Migrations.CreateAddress do
 
   def change do
     create table(:addresses, primary_key: false) do
-      add(:balance, :numeric, precision: 100)
-      add(:balance_updated_at, :utc_datetime)
+      add(:fetched_balance, :numeric, precision: 100)
+      add(:balance_fetched_at, :utc_datetime)
       add(:hash, :bytea, null: false, primary_key: true)
 
       timestamps(null: false)
diff --git a/apps/explorer/test/explorer/chain/address_test.exs b/apps/explorer/test/explorer/chain/address_test.exs
index 2a631664f4..746fb6fc53 100644
--- a/apps/explorer/test/explorer/chain/address_test.exs
+++ b/apps/explorer/test/explorer/chain/address_test.exs
@@ -18,7 +18,7 @@ defmodule Explorer.Chain.AddressTest do
 
   describe "balance_changeset/2" do
     test "with a new balance" do
-      changeset = Address.balance_changeset(%Address{}, %{balance: 99})
+      changeset = Address.balance_changeset(%Address{}, %{fetched_balance: 99})
       assert changeset.valid?
     end
 
diff --git a/apps/explorer/test/explorer/chain_test.exs b/apps/explorer/test/explorer/chain_test.exs
index ded5e6f138..5c9bbed186 100644
--- a/apps/explorer/test/explorer/chain_test.exs
+++ b/apps/explorer/test/explorer/chain_test.exs
@@ -160,20 +160,20 @@ defmodule Explorer.ChainTest do
 
   describe "balance/2" do
     test "with Address.t with :wei" do
-      assert Chain.balance(%Address{balance: Decimal.new(1)}, :wei) == Decimal.new(1)
-      assert Chain.balance(%Address{balance: nil}, :wei) == nil
+      assert Chain.balance(%Address{fetched_balance: Decimal.new(1)}, :wei) == Decimal.new(1)
+      assert Chain.balance(%Address{fetched_balance: nil}, :wei) == nil
     end
 
     test "with Address.t with :gwei" do
-      assert Chain.balance(%Address{balance: Decimal.new(1)}, :gwei) == Decimal.new("1e-9")
-      assert Chain.balance(%Address{balance: Decimal.new("1e9")}, :gwei) == Decimal.new(1)
-      assert Chain.balance(%Address{balance: nil}, :gwei) == nil
+      assert Chain.balance(%Address{fetched_balance: Decimal.new(1)}, :gwei) == Decimal.new("1e-9")
+      assert Chain.balance(%Address{fetched_balance: Decimal.new("1e9")}, :gwei) == Decimal.new(1)
+      assert Chain.balance(%Address{fetched_balance: nil}, :gwei) == nil
     end
 
     test "with Address.t with :ether" do
-      assert Chain.balance(%Address{balance: Decimal.new(1)}, :ether) == Decimal.new("1e-18")
-      assert Chain.balance(%Address{balance: Decimal.new("1e18")}, :ether) == Decimal.new(1)
-      assert Chain.balance(%Address{balance: nil}, :ether) == nil
+      assert Chain.balance(%Address{fetched_balance: Decimal.new(1)}, :ether) == Decimal.new("1e-18")
+      assert Chain.balance(%Address{fetched_balance: Decimal.new("1e18")}, :ether) == Decimal.new(1)
+      assert Chain.balance(%Address{fetched_balance: nil}, :ether) == nil
     end
   end