diff --git a/Cargo.lock b/Cargo.lock
index 5b605e51d..386cecc67 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -88,9 +88,9 @@ dependencies = [
 
 [[package]]
 name = "ahash"
-version = "0.8.7"
+version = "0.8.8"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "77c3a9648d43b9cd48db467b3f87fdd6e146bcc88ab0180006cef2179fe11d01"
+checksum = "42cd52102d3df161c77a887b608d7a4897d7cc112886a9537b738a887a03aaff"
 dependencies = [
  "cfg-if",
  "getrandom 0.2.12",
@@ -5946,6 +5946,7 @@ dependencies = [
  "assert_matches",
  "bytes",
  "criterion",
+ "dashmap",
  "derive_more",
  "eyre",
  "iai",
@@ -5967,8 +5968,10 @@ dependencies = [
  "reth-nippy-jar",
  "reth-primitives",
  "reth-tracing",
+ "rustc-hash",
  "serde",
  "serde_json",
+ "strum 0.26.1",
  "tempfile",
  "test-fuzz 5.0.0",
  "thiserror",
diff --git a/crates/storage/db/Cargo.toml b/crates/storage/db/Cargo.toml
index 03b99345b..b133db21c 100644
--- a/crates/storage/db/Cargo.toml
+++ b/crates/storage/db/Cargo.toml
@@ -38,11 +38,14 @@ parking_lot.workspace = true
 derive_more.workspace = true
 eyre.workspace = true
 paste = "1.0"
+dashmap = "5.5.3"
+rustc-hash = "1.1.0"
 
 # arbitrary utils
 arbitrary = { workspace = true, features = ["derive"], optional = true }
 proptest = { workspace = true, optional = true }
 proptest-derive = { workspace = true, optional = true }
+strum = { workspace = true, features = ["derive"] }
 once_cell.workspace = true
 
 [dev-dependencies]
diff --git a/crates/storage/db/src/implementation/mdbx/cursor.rs b/crates/storage/db/src/implementation/mdbx/cursor.rs
index 4eec83999..f6d6d988d 100644
--- a/crates/storage/db/src/implementation/mdbx/cursor.rs
+++ b/crates/storage/db/src/implementation/mdbx/cursor.rs
@@ -6,14 +6,14 @@ use crate::{
         DbCursorRO, DbCursorRW, DbDupCursorRO, DbDupCursorRW, DupWalker, RangeWalker,
         ReverseWalker, Walker,
     },
-    metrics::{Operation, OperationMetrics},
+    metrics::{DatabaseEnvMetrics, Operation},
     table::{Compress, Decode, Decompress, DupSort, Encode, Table},
     tables::utils::*,
     DatabaseError,
 };
 use reth_interfaces::db::{DatabaseErrorInfo, DatabaseWriteError, DatabaseWriteOperation};
 use reth_libmdbx::{self, Error as MDBXError, TransactionKind, WriteFlags, RO, RW};
-use std::{borrow::Cow, collections::Bound, marker::PhantomData, ops::RangeBounds};
+use std::{borrow::Cow, collections::Bound, marker::PhantomData, ops::RangeBounds, sync::Arc};
 
 /// Read only Cursor.
 pub type CursorRO<T> = Cursor<RO, T>;
@@ -27,18 +27,22 @@ pub struct Cursor<K: TransactionKind, T: Table> {
     pub(crate) inner: reth_libmdbx::Cursor<K>,
     /// Cache buffer that receives compressed values.
     buf: Vec<u8>,
-    /// Whether to record metrics or not.
-    with_metrics: bool,
+    /// Reference to metric handles in the DB environment. If `None`, metrics are not recorded.
+    metrics: Option<Arc<DatabaseEnvMetrics>>,
     /// Phantom data to enforce encoding/decoding.
     _dbi: PhantomData<T>,
 }
 
 impl<K: TransactionKind, T: Table> Cursor<K, T> {
-    pub(crate) fn new_with_metrics(inner: reth_libmdbx::Cursor<K>, with_metrics: bool) -> Self {
-        Self { inner, buf: Vec::new(), with_metrics, _dbi: PhantomData }
+    pub(crate) fn new_with_metrics(
+        inner: reth_libmdbx::Cursor<K>,
+        metrics: Option<Arc<DatabaseEnvMetrics>>,
+    ) -> Self {
+        Self { inner, buf: Vec::new(), metrics, _dbi: PhantomData }
     }
 
-    /// If `self.with_metrics == true`, record a metric with the provided operation and value size.
+    /// If `self.metrics` is `Some(...)`, record a metric with the provided operation and value
+    /// size.
     ///
     /// Otherwise, just execute the closure.
     fn execute_with_operation_metric<R>(
@@ -47,8 +51,8 @@ impl<K: TransactionKind, T: Table> Cursor<K, T> {
         value_size: Option<usize>,
         f: impl FnOnce(&mut Self) -> R,
     ) -> R {
-        if self.with_metrics {
-            OperationMetrics::record(T::NAME, operation, value_size, || f(self))
+        if let Some(metrics) = self.metrics.as_ref().cloned() {
+            metrics.record_operation(T::NAME, operation, value_size, || f(self))
         } else {
             f(self)
         }
diff --git a/crates/storage/db/src/implementation/mdbx/mod.rs b/crates/storage/db/src/implementation/mdbx/mod.rs
index 821287548..2efd0a748 100644
--- a/crates/storage/db/src/implementation/mdbx/mod.rs
+++ b/crates/storage/db/src/implementation/mdbx/mod.rs
@@ -3,6 +3,7 @@
 use crate::{
     database::Database,
     database_metrics::{DatabaseMetadata, DatabaseMetadataValue, DatabaseMetrics},
+    metrics::DatabaseEnvMetrics,
     tables::{TableType, Tables},
     utils::default_page_size,
     DatabaseError,
@@ -16,7 +17,7 @@ use reth_libmdbx::{
     PageSize, SyncMode, RO, RW,
 };
 use reth_tracing::tracing::error;
-use std::{ops::Deref, path::Path};
+use std::{ops::Deref, path::Path, sync::Arc};
 use tx::Tx;
 
 pub mod cursor;
@@ -86,8 +87,8 @@ impl DatabaseArguments {
 pub struct DatabaseEnv {
     /// Libmdbx-sys environment.
     inner: Environment,
-    /// Whether to record metrics or not.
-    with_metrics: bool,
+    /// Cache for metric handles. If `None`, metrics are not recorded.
+    metrics: Option<Arc<DatabaseEnvMetrics>>,
 }
 
 impl Database for DatabaseEnv {
@@ -97,14 +98,14 @@ impl Database for DatabaseEnv {
     fn tx(&self) -> Result<Self::TX, DatabaseError> {
         Ok(Tx::new_with_metrics(
             self.inner.begin_ro_txn().map_err(|e| DatabaseError::InitTx(e.into()))?,
-            self.with_metrics,
+            self.metrics.as_ref().cloned(),
         ))
     }
 
     fn tx_mut(&self) -> Result<Self::TXMut, DatabaseError> {
         Ok(Tx::new_with_metrics(
             self.inner.begin_rw_txn().map_err(|e| DatabaseError::InitTx(e.into()))?,
-            self.with_metrics,
+            self.metrics.as_ref().cloned(),
         ))
     }
 }
@@ -309,7 +310,7 @@ impl DatabaseEnv {
 
         let env = DatabaseEnv {
             inner: inner_env.open(path).map_err(|e| DatabaseError::Open(e.into()))?,
-            with_metrics: false,
+            metrics: None,
         };
 
         Ok(env)
@@ -317,7 +318,7 @@ impl DatabaseEnv {
 
     /// Enables metrics on the database.
     pub fn with_metrics(mut self) -> Self {
-        self.with_metrics = true;
+        self.metrics = Some(DatabaseEnvMetrics::new().into());
         self
     }
 
diff --git a/crates/storage/db/src/implementation/mdbx/tx.rs b/crates/storage/db/src/implementation/mdbx/tx.rs
index 63fb2a799..2a4afc350 100644
--- a/crates/storage/db/src/implementation/mdbx/tx.rs
+++ b/crates/storage/db/src/implementation/mdbx/tx.rs
@@ -3,7 +3,7 @@
 use super::cursor::Cursor;
 use crate::{
     metrics::{
-        Operation, OperationMetrics, TransactionMetrics, TransactionMode, TransactionOutcome,
+        DatabaseEnvMetrics, Operation, TransactionMetrics, TransactionMode, TransactionOutcome,
     },
     table::{Compress, DupSort, Encode, Table, TableImporter},
     tables::{utils::decode_one, Tables, NUM_TABLES},
@@ -50,9 +50,12 @@ impl<K: TransactionKind> Tx<K> {
 
     /// Creates new `Tx` object with a `RO` or `RW` transaction and optionally enables metrics.
     #[track_caller]
-    pub fn new_with_metrics(inner: Transaction<K>, with_metrics: bool) -> Self {
-        let metrics_handler = if with_metrics {
-            let handler = MetricsHandler::<K>::new(inner.id());
+    pub fn new_with_metrics(
+        inner: Transaction<K>,
+        metrics: Option<Arc<DatabaseEnvMetrics>>,
+    ) -> Self {
+        let metrics_handler = if let Some(metrics) = metrics {
+            let handler = MetricsHandler::<K>::new(inner.id(), metrics);
             TransactionMetrics::record_open(handler.transaction_mode());
             handler.log_transaction_opened();
             Some(handler)
@@ -90,7 +93,10 @@ impl<K: TransactionKind> Tx<K> {
             .cursor_with_dbi(self.get_dbi::<T>()?)
             .map_err(|e| DatabaseError::InitCursor(e.into()))?;
 
-        Ok(Cursor::new_with_metrics(inner, self.metrics_handler.is_some()))
+        Ok(Cursor::new_with_metrics(
+            inner,
+            self.metrics_handler.as_ref().map(|h| h.env_metrics.clone()),
+        ))
     }
 
     /// If `self.metrics_handler == Some(_)`, measure the time it takes to execute the closure and
@@ -137,7 +143,9 @@ impl<K: TransactionKind> Tx<K> {
     ) -> R {
         if let Some(metrics_handler) = &self.metrics_handler {
             metrics_handler.log_backtrace_on_long_read_transaction();
-            OperationMetrics::record(T::NAME, operation, value_size, || f(&self.inner))
+            metrics_handler
+                .env_metrics
+                .record_operation(T::NAME, operation, value_size, || f(&self.inner))
         } else {
             f(&self.inner)
         }
@@ -159,17 +167,19 @@ struct MetricsHandler<K: TransactionKind> {
     /// If `true`, the backtrace of transaction has already been recorded and logged.
     /// See [MetricsHandler::log_backtrace_on_long_read_transaction].
     backtrace_recorded: AtomicBool,
+    env_metrics: Arc<DatabaseEnvMetrics>,
     _marker: PhantomData<K>,
 }
 
 impl<K: TransactionKind> MetricsHandler<K> {
-    fn new(txn_id: u64) -> Self {
+    fn new(txn_id: u64, env_metrics: Arc<DatabaseEnvMetrics>) -> Self {
         Self {
             txn_id,
             start: Instant::now(),
             close_recorded: false,
             record_backtrace: true,
             backtrace_recorded: AtomicBool::new(false),
+            env_metrics,
             _marker: PhantomData,
         }
     }
diff --git a/crates/storage/db/src/metrics.rs b/crates/storage/db/src/metrics.rs
index 971ae194f..ff76a7b65 100644
--- a/crates/storage/db/src/metrics.rs
+++ b/crates/storage/db/src/metrics.rs
@@ -1,10 +1,57 @@
+use crate::{Tables, NUM_TABLES};
+use dashmap::DashMap;
 use metrics::{Gauge, Histogram};
 use reth_libmdbx::CommitLatency;
 use reth_metrics::{metrics::Counter, Metrics};
-use std::time::{Duration, Instant};
+use rustc_hash::FxHasher;
+use std::{
+    hash::BuildHasherDefault,
+    str::FromStr,
+    time::{Duration, Instant},
+};
+use strum::EnumCount;
 
 const LARGE_VALUE_THRESHOLD_BYTES: usize = 4096;
 
+/// Caches metric handles for database environment to make sure handles are not re-created
+/// on every operation.
+#[derive(Debug)]
+pub struct DatabaseEnvMetrics {
+    /// Caches OperationMetrics handles for each table and operation tuple.
+    operations: DashMap<(Tables, Operation), OperationMetrics, BuildHasherDefault<FxHasher>>,
+}
+
+impl DatabaseEnvMetrics {
+    pub(crate) fn new() -> Self {
+        Self {
+            operations: DashMap::with_capacity_and_hasher(
+                NUM_TABLES * Operation::COUNT,
+                BuildHasherDefault::<FxHasher>::default(),
+            ),
+        }
+    }
+
+    /// Record a metric for database operation executed in `f`. Panics if the table name is unknown.
+    pub(crate) fn record_operation<R>(
+        &self,
+        table: &'static str,
+        operation: Operation,
+        value_size: Option<usize>,
+        f: impl FnOnce() -> R,
+    ) -> R {
+        let handle = self
+            .operations
+            .entry((Tables::from_str(table).expect("unknown table name"), operation))
+            .or_insert_with(|| {
+                OperationMetrics::new_with_labels(&[
+                    (Labels::Table.as_str(), table),
+                    (Labels::Operation.as_str(), operation.as_str()),
+                ])
+            });
+        handle.record(value_size, f)
+    }
+}
+
 /// Transaction mode for the database, either read-only or read-write.
 #[derive(Debug, Clone, Copy, Eq, PartialEq, Hash)]
 pub(crate) enum TransactionMode {
@@ -51,7 +98,7 @@ impl TransactionOutcome {
 }
 
 /// Types of operations conducted on the database: get, put, delete, and various cursor operations.
-#[derive(Debug, Clone, Copy, Eq, PartialEq, Hash)]
+#[derive(Debug, Clone, Copy, Eq, PartialEq, Hash, EnumCount)]
 pub(crate) enum Operation {
     /// Database get operation.
     Get,
@@ -199,24 +246,15 @@ impl OperationMetrics {
     ///
     /// The duration it took to execute the closure is recorded only if the provided `value_size` is
     /// larger than [LARGE_VALUE_THRESHOLD_BYTES].
-    pub(crate) fn record<T>(
-        table: &'static str,
-        operation: Operation,
-        value_size: Option<usize>,
-        f: impl FnOnce() -> T,
-    ) -> T {
-        let metrics = Self::new_with_labels(&[
-            (Labels::Table.as_str(), table),
-            (Labels::Operation.as_str(), operation.as_str()),
-        ]);
-        metrics.calls_total.increment(1);
+    pub(crate) fn record<R>(&self, value_size: Option<usize>, f: impl FnOnce() -> R) -> R {
+        self.calls_total.increment(1);
 
         // Record duration only for large values to prevent the performance hit of clock syscall
         // on small operations
         if value_size.map_or(false, |size| size > LARGE_VALUE_THRESHOLD_BYTES) {
             let start = Instant::now();
             let result = f();
-            metrics.large_value_duration_seconds.record(start.elapsed());
+            self.large_value_duration_seconds.record(start.elapsed());
             result
         } else {
             f()
diff --git a/crates/storage/db/src/tables/mod.rs b/crates/storage/db/src/tables/mod.rs
index 337554866..558151625 100644
--- a/crates/storage/db/src/tables/mod.rs
+++ b/crates/storage/db/src/tables/mod.rs
@@ -108,7 +108,7 @@ macro_rules! tables {
         (TableType::Table, [$($table:ident),*]),
         (TableType::DupSort, [$($dupsort:ident),*])
     ]) => {
-        #[derive(Debug, PartialEq, Copy, Clone)]
+        #[derive(Debug, PartialEq, Copy, Clone, Hash, Eq)]
         /// Default tables that should be present inside database.
         pub enum Tables {
             $(