diff --git a/libraries/core_libs/consensus/include/transaction/transaction_manager.hpp b/libraries/core_libs/consensus/include/transaction/transaction_manager.hpp
index 0d5f272f5d..ae24fb61a3 100644
--- a/libraries/core_libs/consensus/include/transaction/transaction_manager.hpp
+++ b/libraries/core_libs/consensus/include/transaction/transaction_manager.hpp
@@ -234,12 +234,17 @@ class TransactionManager : public std::enable_shared_from_this<TransactionManage
   // Transactions can be in one of three states:
   // 1. In transactions pool; 2. In non-finalized Dag block 3. Executed
   mutable std::shared_mutex transactions_mutex_;
+  mutable std::shared_mutex gas_estimations_mutex_;
+  
   TransactionQueue transactions_pool_;
   std::unordered_map<trx_hash_t, std::shared_ptr<Transaction>> nonfinalized_transactions_in_dag_;
   std::unordered_map<trx_hash_t, std::shared_ptr<Transaction>> recently_finalized_transactions_;
   std::unordered_map<PbftPeriod, std::vector<trx_hash_t>> recently_finalized_transactions_per_period_;
   uint64_t trx_count_ = 0;
 
+  const uint64_t kGasEstimationCacheSize = 1000;
+  mutable ExpirationCacheMap<trx_hash_t, std::pair<PbftPeriod, uint64_t>> gas_estimation_cache_;
+
   const uint64_t kDagBlockGasLimit;
   const uint64_t kEstimateGasLimit = 200000;
   const uint64_t kRecentlyFinalizedTransactionsMax = 50000;
diff --git a/libraries/core_libs/consensus/src/transaction/transaction_manager.cpp b/libraries/core_libs/consensus/src/transaction/transaction_manager.cpp
index 2ea8ef629a..69bdb144c8 100644
--- a/libraries/core_libs/consensus/src/transaction/transaction_manager.cpp
+++ b/libraries/core_libs/consensus/src/transaction/transaction_manager.cpp
@@ -14,6 +14,7 @@ TransactionManager::TransactionManager(FullNodeConfig const &conf, std::shared_p
     : kConf(conf),
       transactions_pool_(final_chain, kConf.transactions_pool_size),
       kDagBlockGasLimit(kConf.genesis.dag.gas_limit),
+      gas_estimation_cache_(kGasEstimationCacheSize, kGasEstimationCacheSize / 10),
       db_(std::move(db)),
       final_chain_(std::move(final_chain)) {
   LOG_OBJECTS_CREATE("TRXMGR");
@@ -28,6 +29,13 @@ uint64_t TransactionManager::estimateTransactionGas(std::shared_ptr<Transaction>
   if (trx->getGas() <= kEstimateGasLimit) {
     return trx->getGas();
   }
+
+  std::unique_lock transactions_lock(gas_estimations_mutex_);
+
+  auto estimation = gas_estimation_cache_.get(trx->getHash());
+  if (estimation.second && estimation.first.first == *proposal_period) {
+    return estimation.first.second;
+  }
   const auto &result = final_chain_->call(
       state_api::EVMTransaction{
           trx->getSender(),
@@ -43,6 +51,8 @@ uint64_t TransactionManager::estimateTransactionGas(std::shared_ptr<Transaction>
   if (!result.code_err.empty() || !result.consensus_err.empty()) {
     return 0;
   }
+
+  gas_estimation_cache_.insert(trx->getHash(), {*proposal_period, result.gas_used});
   return result.gas_used;
 }