diff --git a/core/api/src/servers/exporter.ts b/core/api/src/servers/exporter.ts
index 7b725c33d9..02f33e3a5f 100644
--- a/core/api/src/servers/exporter.ts
+++ b/core/api/src/servers/exporter.ts
@@ -301,14 +301,31 @@ const createWalletGauge = ({
   })
 }
 
+const inProgressBalanceQueries = new Map<string, Promise<number>>()
+
 const getWalletBalance = async (walletId: WalletId): Promise<number> => {
-  const walletBalance = await LedgerService().getWalletBalance(walletId)
-  if (walletBalance instanceof Error) {
-    logger.warn({ walletId, walletBalance }, "impossible to get balance")
-    return 0
+  const inProgressKey = `wallet-${walletId}`
+
+  const inProgress = inProgressBalanceQueries.get(inProgressKey)
+  if (inProgress) {
+    return inProgress
   }
 
-  return walletBalance
+  const balancePromise = (async () => {
+    try {
+      const walletBalance = await LedgerService().getWalletBalance(walletId)
+      if (walletBalance instanceof Error) {
+        logger.warn({ walletId, walletBalance }, "impossible to get balance")
+        return 0
+      }
+      return walletBalance
+    } finally {
+      inProgressBalanceQueries.delete(inProgressKey)
+    }
+  })()
+
+  inProgressBalanceQueries.set(inProgressKey, balancePromise)
+  return balancePromise
 }
 
 const createColdStorageWalletGauge = () => {
diff --git a/core/api/src/services/ledger/admin-legacy.ts b/core/api/src/services/ledger/admin-legacy.ts
index 77a2b59f1a..cb49008fb0 100644
--- a/core/api/src/services/ledger/admin-legacy.ts
+++ b/core/api/src/services/ledger/admin-legacy.ts
@@ -16,12 +16,30 @@ import {
   UnknownLedgerError,
 } from "@/domain/ledger"
 
+const inProgressQueries = new Map<string, Promise<number>>()
+
 const getWalletBalance = async (account: string, query = {}) => {
   const params = { account, currency: "BTC", ...query }
-  const { balance } = await MainBookAdmin.balance(params, {
-    readPreference: "secondaryPreferred",
-  })
-  return balance
+  const inProgressKey = `${account}-${JSON.stringify(params)}`
+
+  const inProgress = inProgressQueries.get(inProgressKey)
+  if (inProgress) {
+    return inProgress
+  }
+
+  const balancePromise = (async () => {
+    try {
+      const { balance } = await MainBookAdmin.balance(params, {
+        readPreference: "secondaryPreferred",
+      })
+      return balance
+    } finally {
+      inProgressQueries.delete(inProgressKey)
+    }
+  })()
+
+  inProgressQueries.set(inProgressKey, balancePromise)
+  return balancePromise
 }
 
 export const getAssetsBalance = (endDate?: Date) =>