diff --git a/src/status_im/db.cljs b/src/status_im/db.cljs
index 9d770f0f4c..1372156735 100644
--- a/src/status_im/db.cljs
+++ b/src/status_im/db.cljs
@@ -15,7 +15,6 @@
              :app-state                          "active"
              :wallet                              wallet.db/default-wallet
              :wallet/all-tokens                  {}
-             :prices                             {}
              :peers-count                        0
              :node-info                          {}
              :peers-summary                      []
diff --git a/src/status_im/ethereum/json_rpc.cljs b/src/status_im/ethereum/json_rpc.cljs
index a304655bad..542b91d793 100644
--- a/src/status_im/ethereum/json_rpc.cljs
+++ b/src/status_im/ethereum/json_rpc.cljs
@@ -159,6 +159,7 @@
    "wallet_getTransfersByAddress" {}
    "wallet_watchTransaction" {}
    "wallet_checkRecentHistory" {}
+   "wallet_getCachedBalances" {}
    "wallet_storePendingTransaction" {}
    "wallet_deletePendingTransaction" {}
    "wallet_getPendingTransactions" {}
diff --git a/src/status_im/multiaccounts/login/core.cljs b/src/status_im/multiaccounts/login/core.cljs
index c3dfd6ae0a..aa7383b029 100644
--- a/src/status_im/multiaccounts/login/core.cljs
+++ b/src/status_im/multiaccounts/login/core.cljs
@@ -107,7 +107,7 @@
          (wallet/set-max-block (get (first accounts) :address) 0)
 
          :else
-         (wallet/update-balances nil scan-all-tokens?))
+         (wallet/get-cached-balances scan-all-tokens?))
    (when-not (get db :wallet/new-account)
      (wallet/restart-wallet-service nil))
    (when-not (utils.mobile-sync/syncing-allowed? cofx)
diff --git a/src/status_im/utils/prices.cljs b/src/status_im/utils/prices.cljs
index c526c966b3..2fc5797e26 100644
--- a/src/status_im/utils/prices.cljs
+++ b/src/status_im/utils/prices.cljs
@@ -24,12 +24,13 @@
   ;;NOTE(this check is to allow value conversion for sidechains with native currencies listed on cryptocompare
   ;; under a symbol different than display symbol. Specific use case xDAI and POA.
   (if mainnet?
-    (into {} (for [[from entries] (:RAW (types/json->clj resp))]
-               {from (into {} (for [[to entry] entries]
-                                {to {:from     (name from)
-                                     :to       (name to)
-                                     :price    (:PRICE entry)
-                                     :last-day (:OPEN24HOUR entry)}}))}))
+    (when-let [RAW (:RAW (types/json->clj resp))]
+      (into {} (for [[from entries] RAW]
+                 {from (into {} (for [[to entry] entries]
+                                  {to {:from     (name from)
+                                       :to       (name to)
+                                       :price    (:PRICE entry)
+                                       :last-day (:OPEN24HOUR entry)}}))})))
     (into {} (for [[_ entries] (:RAW (types/json->clj resp))]
                {:ETH (into {} (for [[to entry] entries]
                                 {to {:from     "ETH"
diff --git a/src/status_im/wallet/core.cljs b/src/status_im/wallet/core.cljs
index 2123645094..21cf1fe991 100644
--- a/src/status_im/wallet/core.cljs
+++ b/src/status_im/wallet/core.cljs
@@ -51,6 +51,24 @@
 (defn assoc-error-message [db error-type err]
   (assoc-in db [:wallet :errors error-type] (or err :unknown-error)))
 
+(re-frame/reg-fx
+ :wallet/get-cached-balances
+ (fn [{:keys [addresses on-success on-error]}]
+   (json-rpc/call
+    {:method     "wallet_getCachedBalances"
+     :params     [addresses]
+     :on-success on-success
+     :on-error   on-error})))
+
+(fx/defn get-cached-balances
+  [{:keys [db]}  scan-all-tokens?]
+  (let [addresses (map (comp string/lower-case :address)
+                       (get db :multiaccount/accounts))]
+    {:wallet/get-cached-balances
+     {:addresses  addresses
+      :on-success #(re-frame/dispatch [::set-cached-balances addresses % scan-all-tokens?])
+      :on-error   #(re-frame/dispatch [::on-get-cached-balance-fail % scan-all-tokens?])}}))
+
 (fx/defn on-update-balance-fail
   {:events [::update-balance-fail]}
   [{:keys [db]} err]
@@ -60,7 +78,7 @@
 (fx/defn on-update-token-balance-fail
   {:events [::update-token-balance-fail]}
   [{:keys [db]} err]
-  (log/debug "Unable to get tokens balances: " err)
+  (log/debug "on-update-token-balance-fail: " err)
   {:db (assoc-error-message db :balance-update :error-unable-to-get-token-balance)})
 
 (fx/defn open-transaction-details
@@ -257,6 +275,12 @@
                                                                  #{}))
           {}))))))
 
+(fx/defn on-get-cached-balance-fail
+  {:events [::on-get-cached-balance-fail]}
+  [{:keys [db] :as cofx} err scan-all-tokens?]
+  (log/warn "Can't fetch cached balances" err)
+  (update-balances cofx nil scan-all-tokens?))
+
 (defn- set-checked [tokens-id token-id checked?]
   (let [tokens-id (or tokens-id #{})]
     (if checked?
@@ -270,6 +294,16 @@
                  [:wallet :accounts (eip55/address->checksum address) :balance :ETH]
                  (money/bignumber balance))})
 
+(fx/defn set-cached-balances
+  {:events [::set-cached-balances]}
+  [cofx addresses balances scan-all-tokens?]
+  (apply fx/merge
+         cofx
+         (update-balances nil scan-all-tokens?)
+         (map (fn [{:keys [address balance]}]
+                (update-balance address balance))
+              balances)))
+
 (defn has-empty-balances? [db]
   (some #(nil? (get-in % [:balance :ETH]))
         (get-in db [:wallet :accounts])))
diff --git a/status-go-version.json b/status-go-version.json
index 5cb396a21c..80365e3d1c 100644
--- a/status-go-version.json
+++ b/status-go-version.json
@@ -2,7 +2,7 @@
     "_comment": "DO NOT EDIT THIS FILE BY HAND. USE 'scripts/update-status-go.sh <tag>' instead",
     "owner": "status-im",
     "repo": "status-go",
-    "version": "v0.79.3",
-    "commit-sha1": "71f66f68064e9897cd17b6bcecba426a91405034",
-    "src-sha256": "1npbsy1fs50k6lajhl70yah9dhj7zf2a8x3mqr70lvn2w5qprcy5"
+    "version": "v0.79.4",
+    "commit-sha1": "d1dc5f1e272b72d84a8c6bee1fe09de6c7d6fd1e",
+    "src-sha256": "04nszlhn33p0szqpd115h50gcgw3jm3yjrvqv028ry1zzn4r8k6a"
 }