diff --git a/.changelog/2494.feature.md b/.changelog/2494.feature.md
new file mode 100644
index 00000000000..15ceb61af98
--- /dev/null
+++ b/.changelog/2494.feature.md
@@ -0,0 +1,5 @@
+Make maximum in-memory cache size for runtime storage configurable.
+
+Previously the value of 64mb was always used as the size of the in-memory storage cache. This adds a
+new configuration parameter/command-line flag `--storage.max_cache_size` which configures the
+maximum size of the in-memory runtime storage cache.
diff --git a/go/storage/api/api.go b/go/storage/api/api.go
index 6352753dfe9..cd7777d0b13 100644
--- a/go/storage/api/api.go
+++ b/go/storage/api/api.go
@@ -90,13 +90,17 @@ type Config struct {
 
 	// Namespace is the namespace contained within the database.
 	Namespace common.Namespace
+
+	// MaxCacheSize is the maximum in-memory cache size for the database.
+	MaxCacheSize int64
 }
 
 // ToNodeDB converts from a Config to a node DB Config.
 func (cfg *Config) ToNodeDB() *nodedb.Config {
 	return &nodedb.Config{
-		DB:        cfg.DB,
-		Namespace: cfg.Namespace,
+		DB:           cfg.DB,
+		Namespace:    cfg.Namespace,
+		MaxCacheSize: cfg.MaxCacheSize,
 	}
 }
 
diff --git a/go/storage/init.go b/go/storage/init.go
index 24b4e063f45..ff09b1f84dc 100644
--- a/go/storage/init.go
+++ b/go/storage/init.go
@@ -22,10 +22,15 @@ import (
 
 const (
 	// CfgBackend configures the storage backend flag.
-	CfgBackend      = "storage.backend"
-	cfgCrashEnabled = "storage.crash.enabled"
+	CfgBackend = "storage.backend"
+
 	// CfgLRUSlots configures the LRU apply lock slots.
-	CfgLRUSlots           = "storage.root_cache.apply_lock_lru_slots"
+	CfgLRUSlots = "storage.root_cache.apply_lock_lru_slots"
+
+	// CfgMaxCacheSize configures the maximum in-memory cache size.
+	CfgMaxCacheSize = "storage.max_cache_size"
+
+	cfgCrashEnabled       = "storage.crash.enabled"
 	cfgInsecureSkipChecks = "storage.debug.insecure_skip_checks"
 )
 
@@ -48,6 +53,7 @@ func New(
 		ApplyLockLRUSlots:  uint64(viper.GetInt(CfgLRUSlots)),
 		InsecureSkipChecks: viper.GetBool(cfgInsecureSkipChecks) && cmdFlags.DebugDontBlameOasis(),
 		Namespace:          namespace,
+		MaxCacheSize:       int64(viper.GetSizeInBytes(CfgMaxCacheSize)),
 	}
 
 	var (
@@ -80,6 +86,7 @@ func init() {
 	Flags.String(CfgBackend, database.BackendNameBadgerDB, "Storage backend")
 	Flags.Bool(cfgCrashEnabled, false, "Enable the crashing storage wrapper")
 	Flags.Int(CfgLRUSlots, 1000, "How many LRU slots to use for Apply call locks in the MKVS tree root cache")
+	Flags.String(CfgMaxCacheSize, "64mb", "Maximum in-memory cache size")
 
 	Flags.Bool(cfgInsecureSkipChecks, false, "INSECURE: Skip known root checks")
 
diff --git a/go/storage/mkvs/urkel/db/api/api.go b/go/storage/mkvs/urkel/db/api/api.go
index 4911dcfca40..06d5183dacd 100644
--- a/go/storage/mkvs/urkel/db/api/api.go
+++ b/go/storage/mkvs/urkel/db/api/api.go
@@ -50,6 +50,9 @@ type Config struct {
 
 	// Namespace is the namespace contained within the database.
 	Namespace common.Namespace
+
+	// MaxCacheSize is the maximum in-memory cache size for the database.
+	MaxCacheSize int64
 }
 
 // NodeDB is the persistence layer used for persisting the in-memory tree.
diff --git a/go/storage/mkvs/urkel/db/badger/badger.go b/go/storage/mkvs/urkel/db/badger/badger.go
index e03f738057b..f88afbdeb9c 100644
--- a/go/storage/mkvs/urkel/db/badger/badger.go
+++ b/go/storage/mkvs/urkel/db/badger/badger.go
@@ -127,8 +127,7 @@ func New(cfg *api.Config) (api.NodeDB, error) {
 	opts = opts.WithLogger(cmnBadger.NewLogAdapter(db.logger))
 	opts = opts.WithSyncWrites(!cfg.DebugNoFsync)
 	opts = opts.WithCompression(options.None)
-	// Reduce cache size to 64 MiB as the default is 1 GiB.
-	opts = opts.WithMaxCacheSize(64 * 1024 * 1024)
+	opts = opts.WithMaxCacheSize(cfg.MaxCacheSize)
 
 	var err error
 	if db.db, err = badger.Open(opts); err != nil {
diff --git a/go/storage/mkvs/urkel/interop/cmd/protocol_server.go b/go/storage/mkvs/urkel/interop/cmd/protocol_server.go
index cc73f31c600..5aaac37af66 100644
--- a/go/storage/mkvs/urkel/interop/cmd/protocol_server.go
+++ b/go/storage/mkvs/urkel/interop/cmd/protocol_server.go
@@ -76,6 +76,7 @@ func doProtoServer(cmd *cobra.Command, args []string) {
 		Signer:             ident.NodeSigner,
 		ApplyLockLRUSlots:  1,
 		InsecureSkipChecks: false,
+		MaxCacheSize:       16 * 1024 * 1024,
 	}
 	backend, err := database.New(&storageCfg)
 	if err != nil {