diff --git a/src/util/prometheus.js b/src/util/prometheus.js
index 882dff9e75..7a1adecd40 100644
--- a/src/util/prometheus.js
+++ b/src/util/prometheus.js
@@ -756,7 +756,7 @@ class Prometheus {
         name: 'fetch_dns_resolve_time',
         help: 'fetch_dns_resolve_time',
         type: 'histogram',
-        labelNames: ['transformerVersionId', 'error'],
+        labelNames: ['transformerVersionId', 'error', 'dnsHit'],
       },
       {
         name: 'geo_call_duration',
diff --git a/src/util/utils.js b/src/util/utils.js
index d74603dd7a..893098b04a 100644
--- a/src/util/utils.js
+++ b/src/util/utils.js
@@ -5,6 +5,7 @@ const { Resolver } = require('dns').promises;
 const fetch = require('node-fetch');
 
 const util = require('util');
+const NodeCache = require('node-cache');
 const logger = require('../logger');
 const stats = require('./stats');
 
@@ -16,11 +17,37 @@ const LOCAL_HOST_NAMES_LIST = ['localhost', '127.0.0.1', '[::]', '[::1]'];
 const LOCALHOST_OCTET = '127.';
 const RECORD_TYPE_A = 4; // ipv4
 
+const DNS_CACHE_ENABLED = process.env.DNS_CACHE_ENABLED === 'true';
+const DNS_CACHE_TTL = process.env.DNS_CACHE_TTL ? parseInt(process.env.DNS_CACHE_TTL, 10) : 300;
+const dnsCache = new NodeCache({
+  useClones: false,
+  stdTTL: DNS_CACHE_TTL,
+  checkperiod: DNS_CACHE_TTL,
+});
+
+const fetchResolvedIp = async (hostname) => {
+  // ex: [{ address: '108.157.0.0', ttl: 600 }]
+  const addresses = await resolver.resolve4(hostname, { ttl: true });
+  return addresses.length > 0 ? addresses[0] : {};
+};
+
 const staticLookup = (transformerVersionId) => async (hostname, _, cb) => {
-  let ips;
+  let ip;
   const resolveStartTime = new Date();
+  let dnsHit = false;
   try {
-    ips = await resolver.resolve4(hostname);
+    if (DNS_CACHE_ENABLED) {
+      ip = dnsCache.get(hostname);
+      if (ip !== undefined) {
+        dnsHit = true;
+      } else {
+        const { address, ttl } = await fetchResolvedIp(hostname);
+        ip = address;
+        dnsCache.set(hostname, ip, ttl || DNS_CACHE_TTL);
+      }
+    }
+    const { address } = await fetchResolvedIp(hostname);
+    ip = address;
   } catch (error) {
     logger.error(`DNS Error Code: ${error.code} | Message : ${error.message}`);
     stats.timing('fetch_dns_resolve_time', resolveStartTime, {
@@ -30,22 +57,19 @@ const staticLookup = (transformerVersionId) => async (hostname, _, cb) => {
     cb(null, `unable to resolve IP address for ${hostname}`, RECORD_TYPE_A);
     return;
   }
-  stats.timing('fetch_dns_resolve_time', resolveStartTime, { transformerVersionId });
+  stats.timing('fetch_dns_resolve_time', resolveStartTime, { transformerVersionId, dnsHit });
 
-  if (ips.length === 0) {
+  if (!ip) {
     cb(null, `resolved empty list of IP address for ${hostname}`, RECORD_TYPE_A);
     return;
   }
 
-  // eslint-disable-next-line no-restricted-syntax
-  for (const ip of ips) {
-    if (ip.startsWith(LOCALHOST_OCTET)) {
-      cb(null, `cannot use ${ip} as IP address`, RECORD_TYPE_A);
-      return;
-    }
+  if (ip.startsWith(LOCALHOST_OCTET)) {
+    cb(null, `cannot use ${ip} as IP address`, RECORD_TYPE_A);
+    return;
   }
 
-  cb(null, ips[0], RECORD_TYPE_A);
+  cb(null, ip, RECORD_TYPE_A);
 };
 
 const httpAgentWithDnsLookup = (scheme, transformerVersionId) => {