diff --git a/.gitignore b/.gitignore
index 346ef9afae..6b8d4ab214 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,3 +4,5 @@ Cargo.lock
 *.pk
 *.sk
 *.raw_keypairs
+flamegraph.svg
+perf.data*
diff --git a/eth2/utils/cached_tree_hash/Cargo.toml b/eth2/utils/cached_tree_hash/Cargo.toml
index c8881eb0fd..c33f20add9 100644
--- a/eth2/utils/cached_tree_hash/Cargo.toml
+++ b/eth2/utils/cached_tree_hash/Cargo.toml
@@ -4,7 +4,15 @@ version = "0.1.0"
 authors = ["Paul Hauner <paul@paulhauner.com>"]
 edition = "2018"
 
+[profile.release]
+debug = true
+
+[[bench]]
+name = "benches"
+harness = false
+
 [dev-dependencies]
+criterion = "0.2"
 tree_hash_derive = { path = "../tree_hash_derive" }
 
 [dependencies]
diff --git a/eth2/utils/cached_tree_hash/benches/benches.rs b/eth2/utils/cached_tree_hash/benches/benches.rs
new file mode 100644
index 0000000000..be7e26bb57
--- /dev/null
+++ b/eth2/utils/cached_tree_hash/benches/benches.rs
@@ -0,0 +1,73 @@
+#[macro_use]
+extern crate criterion;
+
+use cached_tree_hash::TreeHashCache;
+use criterion::black_box;
+use criterion::{Benchmark, Criterion};
+use ethereum_types::H256 as Hash256;
+use hashing::hash;
+use tree_hash::TreeHash;
+
+fn criterion_benchmark(c: &mut Criterion) {
+    let n = 1024;
+
+    let source_vec: Vec<Hash256> = (0..n).map(|_| Hash256::random()).collect();
+
+    let mut source_modified_vec = source_vec.clone();
+    source_modified_vec[n - 1] = Hash256::random();
+
+    let modified_vec = source_modified_vec.clone();
+    c.bench(
+        &format!("vec_of_{}_hashes", n),
+        Benchmark::new("standard", move |b| {
+            b.iter_with_setup(
+                || modified_vec.clone(),
+                |modified_vec| black_box(modified_vec.tree_hash_root()),
+            )
+        })
+        .sample_size(100),
+    );
+
+    let modified_vec = source_modified_vec.clone();
+    c.bench(
+        &format!("vec_of_{}_hashes", n),
+        Benchmark::new("build_cache", move |b| {
+            b.iter_with_setup(
+                || modified_vec.clone(),
+                |vec| black_box(TreeHashCache::new(&vec, 0)),
+            )
+        })
+        .sample_size(100),
+    );
+
+    let vec = source_vec.clone();
+    let modified_vec = source_modified_vec.clone();
+    c.bench(
+        &format!("vec_of_{}_hashes", n),
+        Benchmark::new("cache_update", move |b| {
+            b.iter_with_setup(
+                || {
+                    let cache = TreeHashCache::new(&vec, 0).unwrap();
+                    (cache, modified_vec.clone())
+                },
+                |(mut cache, modified_vec)| black_box(cache.update(&modified_vec)),
+            )
+        })
+        .sample_size(100),
+    );
+
+    c.bench(
+        &format!("{}_hashes", n),
+        Benchmark::new("hash_64_bytes", move |b| {
+            b.iter(|| {
+                for _ in 0..n {
+                    let _digest = hash(&[42; 64]);
+                }
+            })
+        })
+        .sample_size(100),
+    );
+}
+
+criterion_group!(benches, criterion_benchmark);
+criterion_main!(benches);
diff --git a/eth2/utils/cached_tree_hash/examples/8k_hashes_cached.rs b/eth2/utils/cached_tree_hash/examples/8k_hashes_cached.rs
new file mode 100644
index 0000000000..9843e12580
--- /dev/null
+++ b/eth2/utils/cached_tree_hash/examples/8k_hashes_cached.rs
@@ -0,0 +1,21 @@
+use cached_tree_hash::TreeHashCache;
+use ethereum_types::H256 as Hash256;
+
+fn run(vec: &Vec<Hash256>, modified_vec: &Vec<Hash256>) {
+    let mut cache = TreeHashCache::new(vec, 0).unwrap();
+
+    cache.update(modified_vec).unwrap();
+}
+
+fn main() {
+    let n = 2048;
+
+    let vec: Vec<Hash256> = (0..n).map(|_| Hash256::random()).collect();
+
+    let mut modified_vec = vec.clone();
+    modified_vec[n - 1] = Hash256::random();
+
+    for _ in 0..100 {
+        run(&vec, &modified_vec);
+    }
+}
diff --git a/eth2/utils/cached_tree_hash/examples/8k_hashes_standard.rs b/eth2/utils/cached_tree_hash/examples/8k_hashes_standard.rs
new file mode 100644
index 0000000000..e5df7ea95f
--- /dev/null
+++ b/eth2/utils/cached_tree_hash/examples/8k_hashes_standard.rs
@@ -0,0 +1,11 @@
+use cached_tree_hash::TreeHashCache;
+use ethereum_types::H256 as Hash256;
+use tree_hash::TreeHash;
+
+fn main() {
+    let n = 2048;
+
+    let vec: Vec<Hash256> = (0..n).map(|_| Hash256::random()).collect();
+
+    vec.tree_hash_root();
+}