diff --git a/src/lib/core/CHIPConfig.h b/src/lib/core/CHIPConfig.h
index 387bc4b4fdc462..3af6aeb13b89ff 100644
--- a/src/lib/core/CHIPConfig.h
+++ b/src/lib/core/CHIPConfig.h
@@ -2419,3 +2419,10 @@ extern const char CHIP_NON_PRODUCTION_MARKER[];
 #define CHIP_COMMISSIONING_HINT_INDEX_PRESS_RESET_SECONDS_WITH_POWER 10
 #define CHIP_COMMISSIONING_HINT_INDEX_PRESS_RESET_UNTIL_BLINK_WITH_POWER 11
 #endif
+
+#ifndef CHIP_CONFIG_IPCACHE_SIZE
+#define CHIP_CONFIG_IPCACHE_SIZE 20
+#endif
+#ifndef CHIP_CONFIG_TTL_MS
+#define CHIP_CONFIG_TTL_MS 200000
+#endif
diff --git a/src/lib/mdns/BUILD.gn b/src/lib/mdns/BUILD.gn
index 7d1111f4766b52..a766c27605701f 100644
--- a/src/lib/mdns/BUILD.gn
+++ b/src/lib/mdns/BUILD.gn
@@ -33,6 +33,7 @@ static_library("mdns") {
     "ServiceNaming.h",
     "TxtFields.cpp",
     "TxtFields.h",
+    "IPCache.h",
   ]
 
   if (chip_mdns == "none") {
diff --git a/src/lib/mdns/Discovery_ImplPlatform.cpp b/src/lib/mdns/Discovery_ImplPlatform.cpp
index 1f81775e548e38..a7e6c54ceb7e19 100644
--- a/src/lib/mdns/Discovery_ImplPlatform.cpp
+++ b/src/lib/mdns/Discovery_ImplPlatform.cpp
@@ -36,6 +36,7 @@ namespace chip {
 namespace Mdns {
 
 DiscoveryImplPlatform DiscoveryImplPlatform::sManager;
+IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS> DiscoveryImplPlatform::sIPCache;
 
 DiscoveryImplPlatform::DiscoveryImplPlatform() = default;
 
@@ -424,6 +425,26 @@ CHIP_ERROR DiscoveryImplPlatform::ResolveNodeId(const PeerId & peerId, Inet::IPA
 {
     ReturnErrorOnFailure(Init());
 
+    FabricId fabricId;
+    Inet::IPAddress addr;
+    uint16_t port;
+    Inet::InterfaceId iface;
+
+    if (sIPCache.Lookup(peerId.GetNodeId(), fabricId, addr, port, iface) == CHIP_NO_ERROR)
+    {
+        ResolvedNodeData nodeData;
+
+        nodeData.mInterfaceId = iface;
+        nodeData.mPort        = port;
+        nodeData.mAddress     = addr;
+        nodeData.mPeerId.SetNodeId(peerId.GetNodeId());
+        nodeData.mPeerId.SetFabricId(fabricId);
+
+        mResolverDelegate->OnNodeIdResolved(nodeData);
+
+        return CHIP_NO_ERROR;
+    }
+
     MdnsService service;
 
     ReturnErrorOnFailure(MakeInstanceName(service.mName, sizeof(service.mName), peerId));
@@ -509,6 +530,19 @@ void DiscoveryImplPlatform::HandleNodeIdResolve(void * context, MdnsService * re
         return;
     }
 
+    error = mgr->sIPCache.Insert(
+        nodeData.mPeerId.GetNodeId(),
+        nodeData.mPeerId.GetFabricId(),
+        result->mAddress.Value(),
+        result->mPort,
+        result->mInterface
+    );
+
+    if (error != CHIP_NO_ERROR)
+    {
+        ChipLogError(Discovery, "IPCache insert failed with %s", chip::ErrorStr(error));
+    }
+ 
     nodeData.mInterfaceId = result->mInterface;
     nodeData.mAddress     = result->mAddress.ValueOr({});
     nodeData.mPort        = result->mPort;
diff --git a/src/lib/mdns/Discovery_ImplPlatform.h b/src/lib/mdns/Discovery_ImplPlatform.h
index 7ee4c8447bf229..bb38e26dc9518b 100644
--- a/src/lib/mdns/Discovery_ImplPlatform.h
+++ b/src/lib/mdns/Discovery_ImplPlatform.h
@@ -17,9 +17,11 @@
 
 #pragma once
 
+#include <core/CHIPConfig.h>
 #include <core/CHIPError.h>
 #include <inet/InetInterface.h>
 #include <lib/mdns/Advertiser.h>
+#include <lib/mdns/IPCache.h>
 #include <lib/mdns/Resolver.h>
 #include <lib/mdns/platform/Mdns.h>
 #include <platform/CHIPDeviceConfig.h>
@@ -90,6 +92,7 @@ class DiscoveryImplPlatform : public ServiceAdvertiser, public Resolver
     bool mMdnsInitialized                = false;
     ResolverDelegate * mResolverDelegate = nullptr;
 
+    static IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS> sIPCache;
     static DiscoveryImplPlatform sManager;
 };
 
diff --git a/src/lib/mdns/IPCache.h b/src/lib/mdns/IPCache.h
new file mode 100644
index 00000000000000..7254dea2ea77f1
--- /dev/null
+++ b/src/lib/mdns/IPCache.h
@@ -0,0 +1,128 @@
+#pragma once
+
+#include <cstdint>
+
+#include <core/PeerId.h>
+#include <inet/IPAddress.h>
+#include <inet/InetInterface.h>
+#include <inet/InetInterface.h>
+#include <inet/InetLayer.h>
+#include <core/CHIPError.h>
+#include <system/SystemTimer.h>
+#include <system/TimeSource.h>
+
+namespace chip {
+namespace Mdns {
+
+template<size_t IPCACHE_SIZE, uint64_t IPCACHE_TTL_MS>
+class IPCache
+{
+public:
+    IPCache() : mOccupancy(0)
+    {
+        for (IPCacheEntry & e: mLookupTable)
+        {
+            e.nodeId = kUndefinedNodeId;
+        }
+    }
+
+    CHIP_ERROR Insert(NodeId nodeId, FabricId fabricId, const Inet::IPAddress & addr, uint16_t port, Inet::InterfaceId iface)
+    {
+        const uint64_t currentTime = mTimeSource.GetCurrentMonotonicTimeMs();
+
+        IPCacheEntry * entry = LookupEntry(nodeId, currentTime);
+        if (!entry) entry = LookupAvailableEntry(currentTime);
+        if (!entry) return CHIP_ERROR_TOO_MANY_KEYS;
+
+        if (entry->nodeId == kUndefinedNodeId)
+	{
+            mOccupancy++;
+        }
+
+	entry->nodeId = nodeId;
+        entry->fabricId = fabricId;
+        entry->ipAddr = addr;
+        entry->port = port;
+        entry->ifaceId = iface;
+
+        entry->expiry = currentTime + IPCACHE_TTL_MS;
+
+        return CHIP_NO_ERROR;
+    }
+
+    CHIP_ERROR Delete(NodeId nodeId)
+    {
+        const uint64_t currentTime = mTimeSource.GetCurrentMonotonicTimeMs();
+
+        IPCacheEntry * entry = LookupEntry(nodeId, currentTime);
+        if (!entry) return CHIP_ERROR_KEY_NOT_FOUND;
+
+        entry->nodeId = kUndefinedNodeId;
+        mOccupancy--;
+
+        return CHIP_NO_ERROR;
+    }
+
+    size_t GetOccupancy() { return mOccupancy; }
+
+    CHIP_ERROR Lookup(NodeId nodeId, FabricId & fabricId, Inet::IPAddress & addr, uint16_t & port, Inet::InterfaceId & iface)
+    {
+        const uint64_t currentTime = mTimeSource.GetCurrentMonotonicTimeMs();
+
+        IPCacheEntry * entry = LookupEntry(nodeId, currentTime);
+        if (!entry) return CHIP_ERROR_KEY_NOT_FOUND;
+
+        fabricId = entry->fabricId;
+        addr = entry->ipAddr;
+        port = entry->port;
+        iface = entry->ifaceId;
+
+        return CHIP_NO_ERROR;
+    }
+
+private:
+    struct IPCacheEntry
+    {
+        NodeId nodeId;
+        FabricId fabricId;
+        Inet::IPAddress ipAddr;
+        uint16_t port;
+        Inet::InterfaceId ifaceId;
+        uint64_t expiry;
+    };
+
+    IPCacheEntry * LookupEntry(NodeId nodeId, uint64_t currentTime)
+    {
+        NodeId idx = nodeId % IPCACHE_SIZE;
+        for (auto & _: mLookupTable)
+        {
+           (void) _;
+
+            IPCacheEntry *entry = &mLookupTable[idx];
+
+            if (entry->nodeId == nodeId && entry->expiry >= currentTime)
+                return entry;
+
+            idx++;
+            idx %= IPCACHE_SIZE;
+        }
+        return nullptr;
+    }
+
+    IPCacheEntry * LookupAvailableEntry(uint64_t currentTime)
+    {
+        for (IPCacheEntry & entry: mLookupTable)
+        {
+            if (entry.nodeId == kUndefinedNodeId || entry.expiry < currentTime)
+                return &entry;
+        }
+        return nullptr;
+    }
+
+    IPCacheEntry mLookupTable[IPCACHE_SIZE];
+    size_t mOccupancy;
+    Time::TimeSource<Time::Source::kSystem> mTimeSource;
+};
+
+} // namespace mdns
+} // namespace chip
diff --git a/src/lib/mdns/Resolver_ImplMinimalMdns.cpp b/src/lib/mdns/Resolver_ImplMinimalMdns.cpp
index 26a33faec498bd..d2134558033651 100644
--- a/src/lib/mdns/Resolver_ImplMinimalMdns.cpp
+++ b/src/lib/mdns/Resolver_ImplMinimalMdns.cpp
@@ -15,6 +15,7 @@
  *    limitations under the License.
  */
 
+#include "IPCache.h"
 #include "Resolver.h"
 
 #include <limits>
@@ -22,6 +23,8 @@
 #include "MinimalMdnsServer.h"
 #include "ServiceNaming.h"
 
+#include <core/CHIPConfig.h>
+
 #include <mdns/TxtFields.h>
 #include <mdns/minimal/Parser.h>
 #include <mdns/minimal/QueryBuilder.h>
@@ -82,9 +85,9 @@ class PacketDataReporter : public ParserDelegate
 {
 public:
     PacketDataReporter(ResolverDelegate * delegate, chip::Inet::InterfaceId interfaceId, DiscoveryType discoveryType,
-                       const BytesRange & packet) :
+                       const BytesRange & packet, Mdns::IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS>  & ipCache) :
         mDelegate(delegate),
-        mDiscoveryType(discoveryType), mPacketRange(packet)
+        mDiscoveryType(discoveryType), mPacketRange(packet), mIPCache(ipCache)
     {
         mNodeData.mInterfaceId = interfaceId;
     }
@@ -105,6 +108,8 @@ class PacketDataReporter : public ParserDelegate
     DiscoveredNodeData mDiscoveredNodeData;
     BytesRange mPacketRange;
 
+    Mdns::IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS> & mIPCache;
+
     bool mValid       = false;
     bool mHasNodePort = false;
     bool mHasIP       = false;
@@ -310,6 +315,19 @@ void PacketDataReporter::OnComplete()
     {
         mDelegate->OnNodeIdResolved(mNodeData);
     }
+
+    CHIP_ERROR error = mIPCache.Insert(
+        mNodeData.mPeerId.GetNodeId(),
+        mNodeData.mPeerId.GetFabricId(),
+        mNodeData.mAddress,
+        mNodeData.mPort,
+        mNodeData.mInterfaceId
+    );
+
+    if (error != CHIP_NO_ERROR)
+    {
+        ChipLogError(Discovery, "IPCache insert failed with %s", chip::ErrorStr(error));
+    }
 }
 
 class MinMdnsResolver : public Resolver, public MdnsPacketDelegate
@@ -345,8 +363,12 @@ class MinMdnsResolver : public Resolver, public MdnsPacketDelegate
     }
     static constexpr int kMaxQnameSize = 100;
     char qnameStorage[kMaxQnameSize];
+
+    static Mdns::IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS> sIPCache;
 };
 
+Mdns::IPCache<CHIP_CONFIG_IPCACHE_SIZE, CHIP_CONFIG_TTL_MS> MinMdnsResolver::sIPCache;
+
 void MinMdnsResolver::OnMdnsPacketData(const BytesRange & data, const chip::Inet::IPPacketInfo * info)
 {
     if (mDelegate == nullptr)
@@ -354,7 +376,7 @@ void MinMdnsResolver::OnMdnsPacketData(const BytesRange & data, const chip::Inet
         return;
     }
 
-    PacketDataReporter reporter(mDelegate, info->Interface, mDiscoveryType, data);
+    PacketDataReporter reporter(mDelegate, info->Interface, mDiscoveryType, data, sIPCache);
 
     if (!ParsePacket(data, &reporter))
     {
@@ -467,6 +489,26 @@ CHIP_ERROR MinMdnsResolver::BrowseNodes(DiscoveryType type, DiscoveryFilter filt
 CHIP_ERROR MinMdnsResolver::ResolveNodeId(const PeerId & peerId, Inet::IPAddressType type)
 {
     mDiscoveryType                    = DiscoveryType::kOperational;
+
+    FabricId fabricId;
+    Inet::IPAddress addr;
+    uint16_t port;
+    Inet::InterfaceId iface;
+
+    if (sIPCache.Lookup(peerId.GetNodeId(), fabricId, addr, port, iface) == CHIP_NO_ERROR)
+    {
+        ResolvedNodeData mNodeData;
+
+        mNodeData.mPeerId.SetNodeId(peerId.GetNodeId());
+        mNodeData.mPeerId.SetFabricId(fabricId);
+        mNodeData.mAddress     = addr;
+        mNodeData.mPort        = port;
+        mNodeData.mInterfaceId = iface;
+
+        mDelegate->OnNodeIdResolved(mNodeData);
+        return CHIP_NO_ERROR;
+    }
+
     System::PacketBufferHandle buffer = System::PacketBufferHandle::New(kMdnsMaxPacketSize);
     ReturnErrorCodeIf(buffer.IsNull(), CHIP_ERROR_NO_MEMORY);