diff --git a/baseline.xml b/baseline.xml
index 1516fe05e..6ad294974 100644
--- a/baseline.xml
+++ b/baseline.xml
@@ -82,30 +82,31 @@
       <code>$name</code>
     </PropertyNotSetInConstructor>
   </file>
-  <file src="tests/Benchmark/LoadEventsBench.php">
+  <file src="tests/Benchmark/SimpleSetupBench.php">
     <MissingConstructor>
       <code>$bus</code>
       <code>$repository</code>
       <code>$store</code>
     </MissingConstructor>
   </file>
-  <file src="tests/Benchmark/LoadEventsWithSnapshotsBench.php">
+  <file src="tests/Benchmark/SnapshotsBench.php">
     <MissingConstructor>
+      <code>$adapter</code>
       <code>$bus</code>
       <code>$repository</code>
       <code>$snapshotStore</code>
       <code>$store</code>
     </MissingConstructor>
   </file>
-  <file src="tests/Benchmark/WriteEventsBench.php">
+  <file src="tests/Benchmark/SplitStreamBench.php">
     <MissingConstructor>
       <code>$bus</code>
-      <code>$profile</code>
       <code>$repository</code>
+      <code>$snapshotStore</code>
       <code>$store</code>
     </MissingConstructor>
   </file>
-  <file src="tests/Benchmark/WriteEventsWithSyncProjectionistBench.php">
+  <file src="tests/Benchmark/SyncProjectionistBench.php">
     <MissingConstructor>
       <code>$bus</code>
       <code>$profile</code>
diff --git a/src/Snapshot/Adapter/InMemorySnapshotAdapter.php b/src/Snapshot/Adapter/InMemorySnapshotAdapter.php
index 74fa75bc3..70ab200da 100644
--- a/src/Snapshot/Adapter/InMemorySnapshotAdapter.php
+++ b/src/Snapshot/Adapter/InMemorySnapshotAdapter.php
@@ -26,4 +26,9 @@ public function load(string $key): array
 
         return $this->snapshots[$key];
     }
+
+    public function clear(): void
+    {
+        $this->snapshots = [];
+    }
 }
diff --git a/tests/Benchmark/BasicImplementation/Aggregate/Profile.php b/tests/Benchmark/BasicImplementation/Aggregate/Profile.php
index 875ed9b70..9d02bcc8c 100644
--- a/tests/Benchmark/BasicImplementation/Aggregate/Profile.php
+++ b/tests/Benchmark/BasicImplementation/Aggregate/Profile.php
@@ -10,6 +10,7 @@
 use Patchlevel\EventSourcing\Attribute\Snapshot;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Events\NameChanged;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Events\ProfileCreated;
+use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Events\Reborn;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Normalizer\ProfileIdNormalizer;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\ProfileId;
 
@@ -39,6 +40,14 @@ public function changeName(string $name): void
         $this->recordThat(new NameChanged($name));
     }
 
+    public function reborn(): void
+    {
+        $this->recordThat(new Reborn(
+            $this->id,
+            $this->name,
+        ));
+    }
+
     #[Apply]
     protected function applyProfileCreated(ProfileCreated $event): void
     {
@@ -52,6 +61,13 @@ protected function applyNameChanged(NameChanged $event): void
         $this->name = $event->name;
     }
 
+    #[Apply]
+    protected function applyReborn(Reborn $event): void
+    {
+        $this->id = $event->profileId;
+        $this->name = $event->name;
+    }
+
     public function name(): string
     {
         return $this->name;
diff --git a/tests/Benchmark/BasicImplementation/Events/Reborn.php b/tests/Benchmark/BasicImplementation/Events/Reborn.php
new file mode 100644
index 000000000..e4d7e9ef2
--- /dev/null
+++ b/tests/Benchmark/BasicImplementation/Events/Reborn.php
@@ -0,0 +1,22 @@
+<?php
+
+declare(strict_types=1);
+
+namespace Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Events;
+
+use Patchlevel\EventSourcing\Attribute\Event;
+use Patchlevel\EventSourcing\Attribute\SplitStream;
+use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Normalizer\ProfileIdNormalizer;
+use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\ProfileId;
+
+#[Event('profile.reborn')]
+#[SplitStream]
+final class Reborn
+{
+    public function __construct(
+        #[ProfileIdNormalizer]
+        public ProfileId $profileId,
+        public string $name,
+    ) {
+    }
+}
diff --git a/tests/Benchmark/BasicImplementation/ProfileId.php b/tests/Benchmark/BasicImplementation/ProfileId.php
index c0d4a1007..188a496b4 100644
--- a/tests/Benchmark/BasicImplementation/ProfileId.php
+++ b/tests/Benchmark/BasicImplementation/ProfileId.php
@@ -4,6 +4,8 @@
 
 namespace Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation;
 
+use function uniqid;
+
 final class ProfileId
 {
     private function __construct(
@@ -20,4 +22,9 @@ public function toString(): string
     {
         return $this->id;
     }
+
+    public static function generate(): self
+    {
+        return new self(uniqid('', true));
+    }
 }
diff --git a/tests/Benchmark/LoadEventsBench.php b/tests/Benchmark/SimpleSetupBench.php
similarity index 82%
rename from tests/Benchmark/LoadEventsBench.php
rename to tests/Benchmark/SimpleSetupBench.php
index fb98e5bd7..a2c2078ae 100644
--- a/tests/Benchmark/LoadEventsBench.php
+++ b/tests/Benchmark/SimpleSetupBench.php
@@ -23,7 +23,7 @@
 use function unlink;
 
 #[Bench\BeforeMethods('setUp')]
-final class LoadEventsBench
+final class SimpleSetupBench
 {
     private const DB_PATH = __DIR__ . '/BasicImplementation/data/db.sqlite3';
 
@@ -74,4 +74,23 @@ public function benchLoad10000Events(): void
     {
         $this->repository->load('1');
     }
+
+    #[Bench\Revs(20)]
+    public function benchSave1Event(): void
+    {
+        $profile = Profile::create(ProfileId::generate(), 'Peter');
+        $this->repository->save($profile);
+    }
+
+    #[Bench\Revs(20)]
+    public function benchSave10000Events(): void
+    {
+        $profile = Profile::create(ProfileId::generate(), 'Peter');
+
+        for ($i = 1; $i < 10_000; $i++) {
+            $profile->changeName('Peter');
+        }
+
+        $this->repository->save($profile);
+    }
 }
diff --git a/tests/Benchmark/LoadEventsWithSnapshotsBench.php b/tests/Benchmark/SnapshotsBench.php
similarity index 89%
rename from tests/Benchmark/LoadEventsWithSnapshotsBench.php
rename to tests/Benchmark/SnapshotsBench.php
index 2f87ff3ba..0a14eee32 100644
--- a/tests/Benchmark/LoadEventsWithSnapshotsBench.php
+++ b/tests/Benchmark/SnapshotsBench.php
@@ -26,7 +26,7 @@
 use function unlink;
 
 #[Bench\BeforeMethods('setUp')]
-final class LoadEventsWithSnapshotsBench
+final class SnapshotsBench
 {
     private const DB_PATH = __DIR__ . '/BasicImplementation/data/db.sqlite3';
 
@@ -35,6 +35,8 @@ final class LoadEventsWithSnapshotsBench
     private SnapshotStore $snapshotStore;
     private Repository $repository;
 
+    private InMemorySnapshotAdapter $adapter;
+
     public function setUp(): void
     {
         if (file_exists(self::DB_PATH)) {
@@ -55,7 +57,9 @@ public function setUp(): void
             'eventstore',
         );
 
-        $this->snapshotStore = new DefaultSnapshotStore(['default' => new InMemorySnapshotAdapter()]);
+        $this->adapter = new InMemorySnapshotAdapter();
+
+        $this->snapshotStore = new DefaultSnapshotStore(['default' => $this->adapter]);
 
         $this->repository = new DefaultRepository($this->store, $this->bus, Profile::metadata(), $this->snapshotStore);
 
@@ -76,6 +80,13 @@ public function setUp(): void
         $this->snapshotStore->save($profile);
     }
 
+    #[Bench\Revs(20)]
+    public function benchLoad10000EventsMissingSnapshot(): void
+    {
+        $this->adapter->clear();
+        $this->repository->load('1');
+    }
+
     #[Bench\Revs(20)]
     public function benchLoad10000Events(): void
     {
diff --git a/tests/Benchmark/WriteEventsBench.php b/tests/Benchmark/SplitStreamBench.php
similarity index 60%
rename from tests/Benchmark/WriteEventsBench.php
rename to tests/Benchmark/SplitStreamBench.php
index 0a2cff4ba..cc90efd82 100644
--- a/tests/Benchmark/WriteEventsBench.php
+++ b/tests/Benchmark/SplitStreamBench.php
@@ -6,36 +6,35 @@
 
 use Doctrine\DBAL\Driver\PDO\SQLite\Driver;
 use Doctrine\DBAL\DriverManager;
+use Patchlevel\EventSourcing\EventBus\Decorator\SplitStreamDecorator;
 use Patchlevel\EventSourcing\EventBus\DefaultEventBus;
 use Patchlevel\EventSourcing\EventBus\EventBus;
 use Patchlevel\EventSourcing\Metadata\AggregateRoot\AttributeAggregateRootRegistryFactory;
-use Patchlevel\EventSourcing\Projection\Projection\Store\InMemoryStore;
-use Patchlevel\EventSourcing\Projection\Projectionist\DefaultProjectionist;
-use Patchlevel\EventSourcing\Projection\Projector\InMemoryProjectorRepository;
+use Patchlevel\EventSourcing\Metadata\Event\AttributeEventMetadataFactory;
 use Patchlevel\EventSourcing\Repository\DefaultRepository;
 use Patchlevel\EventSourcing\Repository\Repository;
 use Patchlevel\EventSourcing\Schema\DoctrineSchemaDirector;
 use Patchlevel\EventSourcing\Serializer\DefaultEventSerializer;
+use Patchlevel\EventSourcing\Snapshot\SnapshotStore;
 use Patchlevel\EventSourcing\Store\DoctrineDbalStore;
 use Patchlevel\EventSourcing\Store\Store;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Aggregate\Profile;
-use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Processor\SendEmailProcessor;
 use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\ProfileId;
-use Patchlevel\EventSourcing\Tests\Benchmark\BasicImplementation\Projection\ProfileProjector;
 use PhpBench\Attributes as Bench;
 
 use function file_exists;
+use function sprintf;
 use function unlink;
 
 #[Bench\BeforeMethods('setUp')]
-final class WriteEventsBench
+final class SplitStreamBench
 {
     private const DB_PATH = __DIR__ . '/BasicImplementation/data/db.sqlite3';
 
     private Store $store;
     private EventBus $bus;
+    private SnapshotStore $snapshotStore;
     private Repository $repository;
-    private Profile $profile;
 
     public function setUp(): void
     {
@@ -48,6 +47,8 @@ public function setUp(): void
             'path' => self::DB_PATH,
         ]);
 
+        $this->bus = new DefaultEventBus();
+
         $this->store = new DoctrineDbalStore(
             $connection,
             DefaultEventSerializer::createFromPaths([__DIR__ . '/BasicImplementation/Events']),
@@ -55,48 +56,63 @@ public function setUp(): void
             'eventstore',
         );
 
-        $profileProjection = new ProfileProjector($connection);
-        $projectionRepository = new InMemoryProjectorRepository(
-            [$profileProjection],
-        );
-
-        $projectionist = new DefaultProjectionist(
+        $this->repository = new DefaultRepository(
             $this->store,
-            new InMemoryStore(),
-            $projectionRepository,
+            $this->bus,
+            Profile::metadata(),
+            null,
+            new SplitStreamDecorator(
+                new AttributeEventMetadataFactory(),
+            ),
         );
 
-        $this->bus = new DefaultEventBus();
-        $this->bus->addListener(new SendEmailProcessor());
-
-        $this->repository = new DefaultRepository($this->store, $this->bus, Profile::metadata());
-
         $schemaDirector = new DoctrineSchemaDirector(
             $connection,
             $this->store,
         );
 
         $schemaDirector->create();
-        $projectionist->boot();
+    }
+
+    public function provideData(): void
+    {
+        $profile = Profile::create(ProfileId::fromString('1'), 'Peter');
+
+        for ($i = 0; $i < 10_000; $i++) {
+            $profile->changeName(sprintf('Peter %d', $i));
 
-        $this->profile = Profile::create(ProfileId::fromString('1'), 'Peter');
-        $this->repository->save($this->profile);
+            if ($i % 100 !== 0) {
+                continue;
+            }
+
+            $profile->reborn();
+        }
+
+        $this->repository->save($profile);
     }
 
     #[Bench\Revs(20)]
-    public function benchSave1Event(): void
+    #[Bench\BeforeMethods('provideData')]
+    public function benchLoad10000Events(): void
     {
-        $this->profile->changeName('Peter');
-        $this->repository->save($this->profile);
+        $this->repository->load('1');
     }
 
     #[Bench\Revs(20)]
-    public function benchSave10000Events(): void
+    public function benchWrite10000Events(): void
     {
+        $profile = Profile::create(ProfileId::generate(), 'Peter');
+
         for ($i = 0; $i < 10_000; $i++) {
-            $this->profile->changeName('Peter');
+            $profile->changeName(sprintf('Peter %d', $i));
+
+            if ($i % 100 !== 0) {
+                continue;
+            }
+
+            $profile->reborn();
         }
 
-        $this->repository->save($this->profile);
+        $this->repository->save($profile);
     }
 }
diff --git a/tests/Benchmark/WriteEventsWithSyncProjectionistBench.php b/tests/Benchmark/SyncProjectionistBench.php
similarity index 98%
rename from tests/Benchmark/WriteEventsWithSyncProjectionistBench.php
rename to tests/Benchmark/SyncProjectionistBench.php
index ab691e939..028eec29c 100644
--- a/tests/Benchmark/WriteEventsWithSyncProjectionistBench.php
+++ b/tests/Benchmark/SyncProjectionistBench.php
@@ -33,7 +33,7 @@
 use function unlink;
 
 #[Bench\BeforeMethods('setUp')]
-final class WriteEventsWithSyncProjectionistBench
+final class SyncProjectionistBench
 {
     private const DB_PATH = __DIR__ . '/BasicImplementation/data/db.sqlite3';