diff --git a/src/new_index/fetch.rs b/src/new_index/fetch.rs
index 5be79233..b1b21391 100644
--- a/src/new_index/fetch.rs
+++ b/src/new_index/fetch.rs
@@ -290,12 +290,7 @@ fn parse_blocks(blob: Vec<u8>, magic: u32) -> Result<Vec<SizedBlock>> {
         cursor.set_position(end);
     }
 
-    let pool = rayon::ThreadPoolBuilder::new()
-        .num_threads(0) // CPU-bound
-        .thread_name(|i| format!("parse-blocks-{}", i))
-        .build()
-        .unwrap();
-    Ok(pool.install(|| {
+    Ok(super::THREAD_POOL.install(|| {
         slices
             .into_par_iter()
             .map(|(slice, size)| (deserialize(slice).expect("failed to parse Block"), size))
diff --git a/src/new_index/mod.rs b/src/new_index/mod.rs
index bc16a1b5..ef9bcb0e 100644
--- a/src/new_index/mod.rs
+++ b/src/new_index/mod.rs
@@ -5,6 +5,16 @@ pub mod precache;
 mod query;
 pub mod schema;
 
+use std::sync::LazyLock;
+
+pub(crate) static THREAD_POOL: LazyLock<rayon::ThreadPool> = LazyLock::new(|| {
+    rayon::ThreadPoolBuilder::new()
+        .num_threads(0) // 0 = use number of logical CPUs
+        .thread_name(|i| format!("electrs-worker-{}", i))
+        .build()
+        .expect("failed to create global rayon thread pool")
+});
+
 pub use self::db::{DBRow, DB};
 pub use self::fetch::{BlockEntry, FetchFrom};
 pub use self::mempool::Mempool;
diff --git a/src/new_index/schema.rs b/src/new_index/schema.rs
index e98a68ed..b40b31df 100644
--- a/src/new_index/schema.rs
+++ b/src/new_index/schema.rs
@@ -997,6 +997,12 @@ impl ChainQuery {
         let mut processed_items = 0;
         let mut lastblock = None;
 
+        // If we need to iterate over 500 history entries to
+        // get one utxo then your address is too active and should be
+        // throttled.
+        // TODO: Think of better way to throttle.
+        let tx_history_limit = limit * 500;
+
         for (history, blockid) in history_iter {
             processed_items += 1;
             lastblock = Some(blockid.hash);
@@ -1017,6 +1023,9 @@ impl ChainQuery {
             if utxos.len() > limit {
                 bail!(ErrorKind::TooManyUtxos(limit))
             }
+            if processed_items > tx_history_limit {
+                bail!(ErrorKind::TooManyTxs(tx_history_limit))
+            }
         }
 
         Ok((utxos, lastblock, processed_items))
@@ -1447,24 +1456,7 @@ fn lookup_txos(
     outpoints: &BTreeSet<OutPoint>,
     allow_missing: bool,
 ) -> HashMap<OutPoint, TxOut> {
-    let mut loop_count = 10;
-    let pool = loop {
-        match rayon::ThreadPoolBuilder::new()
-            .num_threads(16) // we need to saturate SSD IOPS
-            .thread_name(|i| format!("lookup-txo-{}", i))
-            .build()
-        {
-            Ok(pool) => break pool,
-            Err(e) => {
-                if loop_count == 0 {
-                    panic!("schema::lookup_txos failed to create a ThreadPool: {}", e);
-                }
-                std::thread::sleep(std::time::Duration::from_millis(50));
-                loop_count -= 1;
-            }
-        }
-    };
-    pool.install(|| {
+    super::THREAD_POOL.install(|| {
         // Should match lookup_txos_sequential
         outpoints
             .par_iter()