diff --git a/apps/indexer/lib/indexer/block_fetcher.ex b/apps/indexer/lib/indexer/block_fetcher.ex
index eee26587f7..e782062daa 100644
--- a/apps/indexer/lib/indexer/block_fetcher.ex
+++ b/apps/indexer/lib/indexer/block_fetcher.ex
@@ -183,13 +183,13 @@ defmodule Indexer.BlockFetcher do
 
   defp genesis_task(%{json_rpc_named_arguments: json_rpc_named_arguments} = state) do
     {:ok, latest_block_number} = EthereumJSONRPC.fetch_block_number_by_tag("latest", json_rpc_named_arguments)
-    missing_ranges = missing_block_number_ranges(state, latest_block_number..0)
+    missing_ranges = Chain.missing_block_number_ranges(latest_block_number..0)
     count = Enum.count(missing_ranges)
 
     debug(fn -> "#{count} missed block ranges between #{latest_block_number} and genesis" end)
 
-    {:ok, seq} =
-      Sequence.start_link(prefix: missing_ranges, first: latest_block_number, step: -1 * state.blocks_batch_size)
+    {:ok, seq} = Sequence.start_link(ranges: missing_ranges, step: -1 * state.blocks_batch_size)
+    Sequence.cap(seq)
 
     stream_import(state, seq, max_concurrency: state.blocks_concurrency)
   end
@@ -214,7 +214,7 @@ defmodule Indexer.BlockFetcher do
           "failed to insert blocks during #{step} #{inspect(range)}: #{inspect(failed_value)}. Retrying"
         end)
 
-        :ok = Sequence.inject_range(seq, range)
+        :ok = Sequence.queue(seq, range)
 
         error
     end
@@ -268,32 +268,6 @@ defmodule Indexer.BlockFetcher do
     |> InternalTransactionFetcher.async_fetch(10_000)
   end
 
-  defp missing_block_number_ranges(%{blocks_batch_size: blocks_batch_size}, range) do
-    range
-    |> Chain.missing_block_number_ranges()
-    |> chunk_ranges(blocks_batch_size)
-  end
-
-  defp chunk_ranges(ranges, size) do
-    Enum.flat_map(ranges, fn
-      first..last = range when last - first <= size ->
-        [range]
-
-      first..last ->
-        first
-        |> Stream.iterate(&(&1 + size))
-        |> Enum.reduce_while([], fn
-          chunk_first, acc when chunk_first + size >= last ->
-            {:halt, [chunk_first..last | acc]}
-
-          chunk_first, acc ->
-            chunk_last = chunk_first + size - 1
-            {:cont, [chunk_first..chunk_last | acc]}
-        end)
-        |> Enum.reverse()
-    end)
-  end
-
   defp realtime_task(%{json_rpc_named_arguments: json_rpc_named_arguments} = state) do
     {:ok, latest_block_number} = EthereumJSONRPC.fetch_block_number_by_tag("latest", json_rpc_named_arguments)
     {:ok, seq} = Sequence.start_link(first: latest_block_number, step: 2)
@@ -345,7 +319,7 @@ defmodule Indexer.BlockFetcher do
           "failed to fetch #{step} for blocks #{first} - #{last}: #{inspect(reason)}. Retrying block range."
         end)
 
-        :ok = Sequence.inject_range(seq, range)
+        :ok = Sequence.queue(seq, range)
 
         {:error, step, reason}
     end
diff --git a/apps/indexer/lib/indexer/sequence.ex b/apps/indexer/lib/indexer/sequence.ex
index 60d3cfe5c7..3ce3773a78 100644
--- a/apps/indexer/lib/indexer/sequence.ex
+++ b/apps/indexer/lib/indexer/sequence.ex
@@ -6,25 +6,27 @@ defmodule Indexer.Sequence do
   @enforce_keys ~w(current queue step)a
   defstruct current: nil,
             queue: nil,
-            step: nil,
-            mode: :infinite
+            step: nil
 
   @typedoc """
-  The initial ranges to stream from the `t:Stream.t/` returned from `build_stream/1`
+  The ranges to stream from the `t:Stream.t/` returned from `build_stream/1`
   """
-  @type prefix :: [Range.t()]
+  @type ranges :: [Range.t()]
 
-  @typep prefix_option :: {:prefix, prefix}
+  @typep ranges_option :: {:ranges, ranges}
 
   @typedoc """
-  The first number in the sequence to start at once the `t:prefix/0` ranges and any `t:Range.t/0`s injected with
-  `inject_range/2` are all consumed.
+  The first number in the sequence to start for infinite sequences.
   """
-  @type first :: pos_integer()
+  @type first :: integer()
 
-  @typep first_named_argument :: {:first, pos_integer()}
+  @typep first_option :: {:first, first}
 
-  @type mode :: :infinite | :finite
+  @typedoc """
+   * `:finite` - only popping ranges from `queue`.
+   * `:infinite` - generating new ranges from `current` and `step` when `queue` is empty.
+  """
+  @type mode :: :finite | :infinite
 
   @typedoc """
   The size of `t:Range.t/0` to construct based on the `t:first_named_argument/0` or its current value when all
@@ -34,17 +36,25 @@ defmodule Indexer.Sequence do
 
   @typep step_named_argument :: {:step, step}
 
-  @type options :: [prefix_option | first_named_argument | step_named_argument]
+  @type options :: [ranges_option | first_option | step_named_argument]
 
   @typep t :: %__MODULE__{
-           current: pos_integer(),
            queue: :queue.queue(Range.t()),
-           step: step(),
-           mode: mode()
+           current: nil | integer(),
+           step: step()
          }
 
   @doc """
   Starts a process for managing a block sequence.
+
+  Infinite sequence
+
+      Indexer.Sequence.start_link(first: 100, step: 10)
+
+  Finite sequence
+
+      Indexer.Sequence.start_link(ranges: [100..0])
+
   """
   @spec start_link(options) :: GenServer.on_start()
   def start_link(options) when is_list(options) do
@@ -69,9 +79,7 @@ defmodule Indexer.Sequence do
   end
 
   @doc """
-  Changes the mode for the sequencer to signal continuous streaming mode.
-
-  Returns the previous `t:mode/0`.
+  Changes the mode for the sequence to finite.
   """
   @spec cap(pid()) :: mode
   def cap(sequence) when is_pid(sequence) do
@@ -79,11 +87,11 @@ defmodule Indexer.Sequence do
   end
 
   @doc """
-  Adds a range of block numbers to the sequence.
+  Adds a range of block numbers to the end of sequence.
   """
-  @spec inject_range(pid(), Range.t()) :: :ok
-  def inject_range(sequence, _first.._last = range) when is_pid(sequence) do
-    GenServer.call(sequence, {:inject_range, range})
+  @spec queue(pid(), Range.t()) :: :ok
+  def queue(sequence, _first.._last = range) when is_pid(sequence) do
+    GenServer.call(sequence, {:queue, range})
   end
 
   @doc """
@@ -96,59 +104,164 @@ defmodule Indexer.Sequence do
 
   @impl GenServer
   @spec init(options) :: {:ok, t}
-  def init(named_arguments) when is_list(named_arguments) do
+  def init(options) when is_list(options) do
     Process.flag(:trap_exit, true)
 
-    {:ok,
-     %__MODULE__{
-       queue:
-         named_arguments
-         |> Keyword.get(:prefix, [])
-         |> :queue.from_list(),
-       current: Keyword.fetch!(named_arguments, :first),
-       step: Keyword.fetch!(named_arguments, :step)
-     }}
+    with {:ok, %{ranges: ranges, first: first, step: step}} <- validate_options(options),
+         initial_queue = :queue.new(),
+         {:ok, queue} <- queue_chunked_ranges(initial_queue, step, ranges) do
+      {:ok, %__MODULE__{queue: queue, current: first, step: step}}
+    else
+      {:error, reason} ->
+        {:stop, reason}
+    end
   end
 
   @impl GenServer
 
-  @spec handle_call(:cap, GenServer.from(), t()) :: {:reply, mode(), %__MODULE__{mode: :infinite}}
-  def handle_call(:cap, _from, %__MODULE__{mode: mode} = state) do
-    {:reply, mode, %__MODULE__{state | mode: :finite}}
+  @spec handle_call(:cap, GenServer.from(), %__MODULE__{current: nil}) :: {:reply, :finite, %__MODULE__{current: nil}}
+  @spec handle_call(:cap, GenServer.from(), %__MODULE__{current: integer()}) ::
+          {:reply, :infinite, %__MODULE__{current: nil}}
+  def handle_call(:cap, _from, %__MODULE__{current: current} = state) do
+    mode =
+      case current do
+        nil -> :finite
+        _ -> :infinite
+      end
+
+    {:reply, mode, %__MODULE__{state | current: nil}}
   end
 
-  @spec handle_call({:inject_range, Range.t()}, GenServer.from(), t()) :: {:reply, mode(), t()}
-  def handle_call({:inject_range, _first.._last = range}, _from, %__MODULE__{queue: queue} = state) do
-    {:reply, :ok, %__MODULE__{state | queue: :queue.in(range, queue)}}
+  @spec handle_call({:queue, Range.t()}, GenServer.from(), t()) :: {:reply, :ok | {:error, String.t()}, t()}
+  def handle_call({:queue, _first.._last = range}, _from, %__MODULE__{queue: queue, step: step} = state) do
+    case queue_chunked_range(queue, step, range) do
+      {:ok, updated_queue} ->
+        {:reply, :ok, %__MODULE__{state | queue: updated_queue}}
+
+      {:error, _} = error ->
+        {:reply, error, state}
+    end
   end
 
   @spec handle_call(:pop, GenServer.from(), t()) :: {:reply, Range.t() | :halt, t()}
-  def handle_call(:pop, _from, %__MODULE__{mode: mode, queue: queue, current: current, step: step} = state) do
+  def handle_call(:pop, _from, %__MODULE__{queue: queue, current: current, step: step} = state) do
     {reply, new_state} =
-      case {mode, :queue.out(queue)} do
+      case {current, :queue.out(queue)} do
         {_, {{:value, range}, new_queue}} ->
           {range, %__MODULE__{state | queue: new_queue}}
 
-        {:infinite, {:empty, new_queue}} ->
-          case current + step do
-            negative when negative < 0 ->
-              {current..0, %__MODULE__{state | current: 0, mode: :finite, queue: new_queue}}
+        {nil, {:empty, new_queue}} ->
+          {:halt, %__MODULE__{state | queue: new_queue}}
 
+        {_, {:empty, new_queue}} ->
+          case current + step do
             new_current ->
-              last = new_current - sign(step)
+              last = new_current - 1
               {current..last, %__MODULE__{state | current: new_current, queue: new_queue}}
           end
-
-        {:finite, {:empty, new_queue}} ->
-          {:halt, %__MODULE__{state | queue: new_queue}}
       end
 
     {:reply, reply, new_state}
   end
 
-  @spec sign(neg_integer()) :: -1
-  defp sign(integer) when integer < 0, do: -1
+  @spec queue_chunked_range(:queue.queue(Range.t()), step, Range.t()) ::
+          {:ok, :queue.queue(Range.t())} | {:error, reason :: String.t()}
+  defp queue_chunked_range(queue, step, _.._ = range) when is_integer(step) do
+    with {:error, [reason]} <- queue_chunked_ranges(queue, step, [range]) do
+      {:error, reason}
+    end
+  end
+
+  @spec queue_chunked_range(:queue.queue(Range.t()), step, [Range.t()]) ::
+          {:ok, :queue.queue(Range.t())} | {:error, reasons :: [String.t()]}
+  defp queue_chunked_ranges(queue, step, ranges) when is_integer(step) and is_list(ranges) do
+    reduce_chunked_ranges(ranges, step, queue, &:queue.in/2)
+  end
+
+  defp reduce_chunked_ranges(ranges, step, initial, reducer)
+       when is_list(ranges) and is_integer(step) and step != 0 and is_function(reducer, 2) do
+    Enum.reduce(ranges, {:ok, initial}, fn
+      range, {:ok, acc} ->
+        case reduce_chunked_range(range, step, acc, reducer) do
+          {:ok, _} = ok ->
+            ok
+
+          {:error, reason} ->
+            {:error, [reason]}
+        end
+
+      range, {:error, acc_reasons} = acc ->
+        case reduce_chunked_range(range, step, initial, reducer) do
+          {:ok, _} -> acc
+          {:error, reason} -> {:error, [reason | acc_reasons]}
+        end
+    end)
+  end
+
+  defp reduce_chunked_range(_.._ = range, step, initial, reducer) do
+    count = Enum.count(range)
+    reduce_chunked_range(range, count, step, initial, reducer)
+  end
+
+  defp reduce_chunked_range(first..last = range, _count, step, _initial, _reducer)
+       when (step < 0 and first < last) or (0 < step and last < first) do
+    {:error, "Range (#{inspect(range)}) direction is opposite step (#{step}) direction"}
+  end
+
+  defp reduce_chunked_range(_.._ = range, count, step, initial, reducer) when count <= abs(step) do
+    {:ok, reducer.(range, initial)}
+  end
+
+  defp reduce_chunked_range(first..last = range, _, step, initial, reducer) do
+    {sign, comparator} =
+      if step > 0 do
+        {1, &Kernel.>=/2}
+      else
+        {-1, &Kernel.<=/2}
+      end
+
+    final =
+      first
+      |> Stream.iterate(&(&1 + step))
+      |> Enum.reduce_while(initial, fn chunk_first, acc ->
+        next_chunk_first = chunk_first + step
+        full_chunk_last = next_chunk_first - sign
 
-  @spec sign(non_neg_integer()) :: 1
-  defp sign(_), do: 1
+        {action, chunk_last} =
+          if comparator.(full_chunk_last, last) do
+            {:halt, last}
+          else
+            {:cont, full_chunk_last}
+          end
+
+        {action, reducer.(chunk_first..chunk_last, acc)}
+      end)
+
+    {:ok, final}
+  end
+
+  defp validate_options(options) do
+    step = Keyword.fetch!(options, :step)
+
+    case {Keyword.fetch(options, :ranges), Keyword.fetch(options, :first)} do
+      {:error, {:ok, first}} ->
+        case step do
+          pos_integer when is_integer(pos_integer) and pos_integer > 0 ->
+            {:ok, %{ranges: [], first: first, step: step}}
+
+          _ ->
+            {:error, ":step must be a positive integer for infinite sequences"}
+        end
+
+      {{:ok, ranges}, :error} ->
+        {:ok, %{ranges: ranges, first: nil, step: step}}
+
+      {{:ok, _}, {:ok, _}} ->
+        {:error,
+         ":ranges and :first cannot be set at the same time as :ranges is for :finite mode while :first is for :infinite mode"}
+
+      {:error, :error} ->
+        {:error, "either :ranges or :first must be set"}
+    end
+  end
 end
diff --git a/apps/indexer/test/indexer/sequence_test.exs b/apps/indexer/test/indexer/sequence_test.exs
index 27ca393c5c..ff3d9c3e1f 100644
--- a/apps/indexer/test/indexer/sequence_test.exs
+++ b/apps/indexer/test/indexer/sequence_test.exs
@@ -4,15 +4,62 @@ defmodule Indexer.SequenceTest do
   alias Indexer.Sequence
 
   describe "start_link/1" do
-    test "sets state" do
-      {:ok, pid} = Sequence.start_link(prefix: [1..4], first: 5, step: 1)
+    test "without :ranges with :first with positive step pops infinitely" do
+      {:ok, ascending} = Sequence.start_link(first: 5, step: 1)
 
-      assert state(pid) == %Sequence{
-               current: 5,
-               mode: :infinite,
-               queue: {[1..4], []},
-               step: 1
-             }
+      assert Sequence.pop(ascending) == 5..5
+      assert Sequence.pop(ascending) == 6..6
+    end
+
+    test "without :ranges with :first with negative :step is error" do
+      {child_pid, child_ref} =
+        spawn_monitor(fn ->
+          Sequence.start_link(first: 1, step: -1)
+          Process.sleep(5_000)
+        end)
+
+      assert_receive {:DOWN, ^child_ref, :process, ^child_pid,
+                      ":step must be a positive integer for infinite sequences"}
+    end
+
+    test "without :ranges without :first returns error" do
+      {child_pid, child_ref} =
+        spawn_monitor(fn ->
+          Sequence.start_link(step: -1)
+          Process.sleep(5_000)
+        end)
+
+      assert_receive {:DOWN, ^child_ref, :process, ^child_pid, "either :ranges or :first must be set"}
+    end
+
+    test "with ranges without :first" do
+      {:ok, pid} = Sequence.start_link(ranges: [1..4], step: 1)
+
+      assert Sequence.pop(pid) == 1..1
+      assert Sequence.pop(pid) == 2..2
+      assert Sequence.pop(pid) == 3..3
+      assert Sequence.pop(pid) == 4..4
+      assert Sequence.pop(pid) == :halt
+    end
+
+    test "with :ranges with :first returns error" do
+      {child_pid, child_ref} =
+        spawn_monitor(fn ->
+          Sequence.start_link(ranges: [1..0], first: 1, step: -1)
+          Process.sleep(5_000)
+        end)
+
+      assert_receive {:DOWN, ^child_ref, :process, ^child_pid,
+                      ":ranges and :first cannot be set at the same time" <>
+                        " as :ranges is for :finite mode while :first is for :infinite mode"}
+    end
+
+    test "with 0 first with negative step does not return 0 twice" do
+      {:ok, pid} = Sequence.start_link(ranges: [1..0], step: -1)
+
+      assert Sequence.pop(pid) == 1..1
+      assert Sequence.pop(pid) == 0..0
+      assert Sequence.pop(pid) == :halt
     end
 
     # Regression test for https://github.com/poanetwork/poa-explorer/issues/387
@@ -29,96 +76,122 @@ defmodule Indexer.SequenceTest do
       # noproc when the sequence has already died by the time monitor is called
       assert_receive {:DOWN, ^sequence_ref, :process, ^sequence_pid, status} when status in [:normal, :noproc]
     end
+
+    test "with :ranges in direction opposite of :step returns errors for all ranges in wrong direction" do
+      parent = self()
+
+      {child_pid, child_ref} =
+        spawn_monitor(fn ->
+          send(
+            parent,
+            Sequence.start_link(
+              ranges: [
+                # ok, ok
+                7..6,
+                # ok, error
+                4..5,
+                # error, ok
+                3..2,
+                # error, error
+                0..1
+              ],
+              step: -1
+            )
+          )
+        end)
+
+      assert_receive {:DOWN, ^child_ref, :process, ^child_pid,
+                      [
+                        "Range (0..1) direction is opposite step (-1) direction",
+                        "Range (4..5) direction is opposite step (-1) direction"
+                      ]}
+    end
   end
 
-  test "inject_range" do
-    {:ok, pid} = Sequence.start_link(prefix: [1..2], first: 5, step: 1)
+  describe "queue/2" do
+    test "with finite mode range is chunked" do
+      {:ok, pid} = Sequence.start_link(ranges: [1..0], step: -1)
 
-    assert :ok = Sequence.inject_range(pid, 3..4)
+      assert Sequence.pop(pid) == 1..1
+      assert Sequence.pop(pid) == 0..0
 
-    assert state(pid) == %Sequence{
-             current: 5,
-             mode: :infinite,
-             queue: {[3..4], [1..2]},
-             step: 1
-           }
-  end
+      assert Sequence.queue(pid, 1..0) == :ok
 
-  test "cap" do
-    {:ok, pid} = Sequence.start_link(prefix: [1..2], first: 5, step: 1)
+      assert Sequence.pop(pid) == 1..1
+      assert Sequence.pop(pid) == 0..0
+      assert Sequence.pop(pid) == :halt
+      assert Sequence.pop(pid) == :halt
+    end
 
-    assert :infinite = Sequence.cap(pid)
-    assert state(pid).mode == :finite
-    assert :finite = Sequence.cap(pid)
-  end
+    test "with finite mode with range in wrong direction returns error" do
+      {:ok, ascending} = Sequence.start_link(first: 0, step: 1)
 
-  describe "pop" do
-    test "with a non-empty queue in finite and infinite modes" do
-      {:ok, pid} = Sequence.start_link(prefix: [1..4, 6..9], first: 99, step: 5)
+      assert Sequence.queue(ascending, 1..0) == {:error, "Range (1..0) direction is opposite step (1) direction"}
 
-      assert 1..4 == Sequence.pop(pid)
+      {:ok, descending} = Sequence.start_link(ranges: [1..0], step: -1)
 
-      assert state(pid) == %Sequence{
-               current: 99,
-               mode: :infinite,
-               queue: {[], [6..9]},
-               step: 5
-             }
+      assert Sequence.queue(descending, 0..1) == {:error, "Range (0..1) direction is opposite step (-1) direction"}
+    end
 
-      :infinite = Sequence.cap(pid)
+    test "with infinite mode range is chunked and is returned prior to calculated ranges" do
+      {:ok, pid} = Sequence.start_link(first: 5, step: 1)
+
+      assert :ok = Sequence.queue(pid, 3..4)
 
-      assert 6..9 == Sequence.pop(pid)
+      assert Sequence.pop(pid) == 3..3
+      assert Sequence.pop(pid) == 4..4
+      # infinite sequence takes over
+      assert Sequence.pop(pid) == 5..5
+      assert Sequence.pop(pid) == 6..6
+    end
+  end
+
+  describe "cap/1" do
+    test "returns previous mode" do
+      {:ok, pid} = Sequence.start_link(first: 5, step: 1)
 
-      assert state(pid) == %Sequence{
-               current: 99,
-               mode: :finite,
-               queue: {[], []},
-               step: 5
-             }
+      assert Sequence.cap(pid) == :infinite
+      assert Sequence.cap(pid) == :finite
     end
 
-    test "with an empty queue in infinite mode" do
-      {:ok, pid} = Sequence.start_link(first: 5, step: 5)
+    test "disables infinite mode that uses first and step" do
+      {:ok, late_capped} = Sequence.start_link(first: 5, step: 1)
 
-      assert 5..9 == Sequence.pop(pid)
+      assert Sequence.pop(late_capped) == 5..5
+      assert Sequence.pop(late_capped) == 6..6
+      assert Sequence.queue(late_capped, 5..5) == :ok
+      assert Sequence.cap(late_capped) == :infinite
+      assert Sequence.pop(late_capped) == 5..5
+      assert Sequence.pop(late_capped) == :halt
 
-      assert state(pid) == %Sequence{
-               current: 10,
-               mode: :infinite,
-               queue: {[], []},
-               step: 5
-             }
+      {:ok, immediately_capped} = Sequence.start_link(first: 5, step: 1)
+
+      assert Sequence.cap(immediately_capped) == :infinite
+      assert Sequence.pop(immediately_capped) == :halt
     end
+  end
 
-    test "with an empty queue in infinit mode with negative step" do
-      {:ok, pid} = Sequence.start_link(first: 4, step: -5)
+  describe "pop" do
+    test "with a non-empty queue in finite mode" do
+      {:ok, pid} = Sequence.start_link(ranges: [1..4, 6..9], step: 5)
+
+      assert Sequence.pop(pid) == 1..4
+      assert Sequence.pop(pid) == 6..9
+      assert Sequence.pop(pid) == :halt
+      assert Sequence.pop(pid) == :halt
+    end
 
-      assert 4..0 == Sequence.pop(pid)
+    test "with an empty queue in infinite mode returns range from next step from current" do
+      {:ok, pid} = Sequence.start_link(first: 5, step: 5)
 
-      assert state(pid) == %Sequence{
-               current: 0,
-               mode: :finite,
-               queue: {[], []},
-               step: -5
-             }
+      assert 5..9 == Sequence.pop(pid)
     end
 
-    test "with an empty queue in finite mode" do
+    test "with an empty queue in finite mode halts immediately" do
       {:ok, pid} = Sequence.start_link(first: 5, step: 5)
       :infinite = Sequence.cap(pid)
 
-      assert :halt == Sequence.pop(pid)
-
-      assert state(pid) == %Sequence{
-               current: 5,
-               mode: :finite,
-               queue: {[], []},
-               step: 5
-             }
+      assert Sequence.pop(pid) == :halt
     end
   end
-
-  defp state(sequence) do
-    :sys.get_state(sequence)
-  end
 end