diff --git a/README.md b/README.md
index 7d3e9f50..0e1ecc6e 100644
--- a/README.md
+++ b/README.md
@@ -208,7 +208,7 @@ Debug information is logged to the DEBUG level, including:
 * Profit levels for considered trades
 * Intermediate debug logs
 
-The log level may be set via the `LOGLEVEL` environment variable. Possible values are: `INFO`, `DEBUG`, or `ERROR`.
+The log level may be set via the `LOGLEVEL` environment variable. Possible values are: `info`, `debug`, or `error`.
 
 An example output is as follows:
 
diff --git a/local-interchaintest/tests/transfer_neutron.py b/local-interchaintest/tests/transfer_neutron.py
index b9d49997..539ce5a4 100644
--- a/local-interchaintest/tests/transfer_neutron.py
+++ b/local-interchaintest/tests/transfer_neutron.py
@@ -4,7 +4,10 @@
 from asyncio import Semaphore
 from typing import Any
 from src.strategies.util import transfer_raw
-from src.scheduler import Ctx, MAX_SKIP_CONCURRENT_CALLS
+from src.scheduler import (
+    Ctx,
+    MAX_SKIP_CONCURRENT_CALLS,
+)
 from src.util import try_multiple_clients
 from src.util import custom_neutron_network_config
 import aiohttp
diff --git a/local-interchaintest/tests/transfer_osmosis.py b/local-interchaintest/tests/transfer_osmosis.py
index d7c2bd9a..03bc07cc 100644
--- a/local-interchaintest/tests/transfer_osmosis.py
+++ b/local-interchaintest/tests/transfer_osmosis.py
@@ -4,7 +4,10 @@
 import asyncio
 from typing import Any
 from src.strategies.util import transfer_raw
-from src.scheduler import Ctx, MAX_SKIP_CONCURRENT_CALLS
+from src.scheduler import (
+    Ctx,
+    MAX_SKIP_CONCURRENT_CALLS,
+)
 from src.util import try_multiple_clients
 from src.util import custom_neutron_network_config
 import aiohttp
diff --git a/main.py b/main.py
index 9c77a924..507c5990 100644
--- a/main.py
+++ b/main.py
@@ -19,7 +19,11 @@
 from typing import Any, cast
 from cosmpy.aerial.client import LedgerClient
 from cosmpy.aerial.wallet import LocalWallet
-from src.scheduler import Scheduler, Ctx, MAX_SKIP_CONCURRENT_CALLS
+from src.scheduler import (
+    Scheduler,
+    Ctx,
+    MAX_SKIP_CONCURRENT_CALLS,
+)
 from src.util import (
     custom_neutron_network_config,
     DISCOVERY_CONCURRENCY_FACTOR,
@@ -90,7 +94,7 @@ async def main() -> None:
             format="%(asctime)s %(levelname)-8s %(message)s",
             datefmt="%Y-%m-%d %H:%M:%S",
             filename=args.log_file,
-            level=os.environ.get("LOGLEVEL", "INFO").upper(),
+            level=os.environ.get("LOGLEVEL", "info").upper(),
         )
 
     else:
@@ -98,7 +102,7 @@ async def main() -> None:
             format="%(asctime)s %(levelname)-8s %(message)s",
             datefmt="%Y-%m-%d %H:%M:%S",
             stream=sys.stdout,
-            level=os.environ.get("LOGLEVEL", "INFO").upper(),
+            level=os.environ.get("LOGLEVEL", "info").upper(),
         )
 
     denom_file: dict[str, Any] = {
diff --git a/src/scheduler.py b/src/scheduler.py
index 4535bb91..e904ea64 100644
--- a/src/scheduler.py
+++ b/src/scheduler.py
@@ -116,6 +116,9 @@ def commit_history(self) -> Self:
 
         return self
 
+    def refresh_denom_balances(self) -> None:
+        self.denom_balance_cache.clear()
+
     def cancel(self) -> Self:
         """
         Marks the event loop for termination.
@@ -180,15 +183,8 @@ def log_route(
             return
 
         def asset_balance_prefix(leg: Leg, asset: str) -> Optional[str]:
-            balance_resp_asset = try_multiple_clients(
-                self.clients[leg.backend.chain_id],
-                lambda client: client.query_bank_balance(
-                    Address(
-                        self.wallet.public_key(),
-                        prefix=leg.backend.chain_prefix,
-                    ),
-                    asset,
-                ),
+            balance_resp_asset = self.query_denom_balance(
+                asset, leg.backend.chain_id, leg.backend.chain_prefix
             )
 
             if balance_resp_asset is None or not isinstance(balance_resp_asset, int):
@@ -209,19 +205,22 @@ def leg_balance_prefixes(leg: Leg) -> list[str]:
 
         # Log all in and out asset balances for each leg in the route,
         # removing any duplicate prefixes using dict.fromkeys
-        prefix = " ".join(
-            list(
-                dict.fromkeys(
-                    [
-                        prefix
-                        for leg_prefixes in [
-                            leg_balance_prefixes(leg) for leg in route.legs
+        prefix = ""
+
+        if log_level == "debug":
+            prefix = " ".join(
+                list(
+                    dict.fromkeys(
+                        [
+                            prefix
+                            for leg_prefixes in [
+                                leg_balance_prefixes(leg) for leg in route.legs
+                            ]
+                            for prefix in leg_prefixes
                         ]
-                        for prefix in leg_prefixes
-                    ]
+                    )
                 )
             )
-        )
 
         route.logs.append(f"{log_level.upper()} {prefix} {fmt_string % tuple(args)}")
 
@@ -245,6 +244,36 @@ def leg_balance_prefixes(leg: Leg) -> list[str]:
         if log_level == "debug":
             logger.debug(fmt_string, str(route), *args)
 
+    def query_denom_balance(self, denom: str, chain_id: str, chain_prefix: str) -> int:
+        """
+        Gets the balance of the denom on the given chain.
+        """
+
+        denom_id = f"{denom}_{chain_id}"
+
+        if denom_id in self.denom_balance_cache:
+            return self.denom_balance_cache[denom_id]
+
+        balance_resp_asset = try_multiple_clients(
+            self.clients[chain_id],
+            lambda client: client.query_bank_balance(
+                Address(
+                    self.wallet.public_key(),
+                    prefix=chain_prefix,
+                ),
+                denom,
+            ),
+        )
+
+        if balance_resp_asset is None or not isinstance(balance_resp_asset, int):
+            self.denom_balance_cache[denom_id] = 0
+
+            return 0
+
+        self.denom_balance_cache[denom_id] = int(balance_resp_asset)
+
+        return int(balance_resp_asset)
+
     async def query_denom_route(
         self, query: DenomRouteQuery
     ) -> Optional[list[DenomRouteLeg]]: