diff --git a/src/protocol/libp2p/kademlia/record.rs b/src/protocol/libp2p/kademlia/record.rs
index f0ce855ac..bc7dcc10b 100644
--- a/src/protocol/libp2p/kademlia/record.rs
+++ b/src/protocol/libp2p/kademlia/record.rs
@@ -104,7 +104,7 @@ impl Record {
     }
 
     /// Checks whether the record is expired w.r.t. the given `Instant`.
-    pub fn _is_expired(&self, now: Instant) -> bool {
+    pub fn is_expired(&self, now: Instant) -> bool {
         self.expires.map_or(false, |t| now >= t)
     }
 }
diff --git a/src/protocol/libp2p/kademlia/store.rs b/src/protocol/libp2p/kademlia/store.rs
index 6fd158e1a..8d3168c78 100644
--- a/src/protocol/libp2p/kademlia/store.rs
+++ b/src/protocol/libp2p/kademlia/store.rs
@@ -23,7 +23,7 @@
 #![allow(unused)]
 use crate::protocol::libp2p::kademlia::record::{Key, Record};
 
-use std::collections::HashMap;
+use std::collections::{hash_map::Entry, HashMap};
 
 /// Memory store events.
 pub enum MemoryStoreEvent {}
@@ -32,6 +32,8 @@ pub enum MemoryStoreEvent {}
 pub struct MemoryStore {
     /// Records.
     records: HashMap<Key, Record>,
+    /// Configuration.
+    config: MemoryStoreConfig,
 }
 
 impl MemoryStore {
@@ -39,17 +41,62 @@ impl MemoryStore {
     pub fn new() -> Self {
         Self {
             records: HashMap::new(),
+            config: MemoryStoreConfig::default(),
+        }
+    }
+
+    /// Create new [`MemoryStore`] with the provided configuration.
+    pub fn with_config(config: MemoryStoreConfig) -> Self {
+        Self {
+            records: HashMap::new(),
+            config,
         }
     }
 
     /// Try to get record from local store for `key`.
-    pub fn get(&self, key: &Key) -> Option<&Record> {
-        self.records.get(key)
+    pub fn get(&mut self, key: &Key) -> Option<&Record> {
+        let is_expired = self
+            .records
+            .get(key)
+            .map_or(false, |record| record.is_expired(std::time::Instant::now()));
+
+        if is_expired {
+            self.records.remove(key);
+            None
+        } else {
+            self.records.get(key)
+        }
     }
 
     /// Store record.
     pub fn put(&mut self, record: Record) {
-        self.records.insert(record.key.clone(), record);
+        if record.value.len() >= self.config.max_record_size_bytes {
+            return;
+        }
+
+        let len = self.records.len();
+        match self.records.entry(record.key.clone()) {
+            Entry::Occupied(mut entry) => {
+                // Lean towards the new record.
+                if let (Some(stored_record_ttl), Some(new_record_ttl)) =
+                    (entry.get().expires, record.expires)
+                {
+                    if stored_record_ttl > new_record_ttl {
+                        return;
+                    }
+                }
+
+                entry.insert(record);
+            }
+
+            Entry::Vacant(entry) => {
+                if len >= self.config.max_records {
+                    return;
+                }
+
+                entry.insert(record);
+            }
+        }
     }
 
     /// Poll next event from the store.
@@ -57,3 +104,112 @@ impl MemoryStore {
         None
     }
 }
+
+pub struct MemoryStoreConfig {
+    /// Maximum number of records to store.
+    pub max_records: usize,
+
+    /// Maximum size of a record in bytes.
+    pub max_record_size_bytes: usize,
+}
+
+impl Default for MemoryStoreConfig {
+    fn default() -> Self {
+        Self {
+            max_records: 1024,
+            max_record_size_bytes: 65 * 1024,
+        }
+    }
+}
+
+#[cfg(test)]
+mod tests {
+    use super::*;
+
+    #[test]
+    fn test_memory_store() {
+        let mut store = MemoryStore::new();
+        let key = Key::from(vec![1, 2, 3]);
+        let record = Record::new(key.clone(), vec![4, 5, 6]);
+
+        store.put(record.clone());
+        assert_eq!(store.get(&key), Some(&record));
+    }
+
+    #[test]
+    fn test_memory_store_length() {
+        let mut store = MemoryStore::with_config(MemoryStoreConfig {
+            max_records: 1,
+            max_record_size_bytes: 1024,
+        });
+
+        let key1 = Key::from(vec![1, 2, 3]);
+        let key2 = Key::from(vec![4, 5, 6]);
+        let record1 = Record::new(key1.clone(), vec![4, 5, 6]);
+        let record2 = Record::new(key2.clone(), vec![7, 8, 9]);
+
+        store.put(record1.clone());
+        store.put(record2.clone());
+
+        assert_eq!(store.get(&key1), Some(&record1));
+        assert_eq!(store.get(&key2), None);
+    }
+
+    #[test]
+    fn test_memory_store_remove_old_records() {
+        let mut store = MemoryStore::new();
+        let key = Key::from(vec![1, 2, 3]);
+        let record = Record {
+            key: key.clone(),
+            value: vec![4, 5, 6],
+            publisher: None,
+            expires: Some(std::time::Instant::now() - std::time::Duration::from_secs(5)),
+        };
+        // Record is already expired.
+        assert!(record.is_expired(std::time::Instant::now()));
+
+        store.put(record.clone());
+        assert_eq!(store.get(&key), None);
+    }
+
+    #[test]
+    fn test_memory_store_replace_new_records() {
+        let mut store = MemoryStore::new();
+        let key = Key::from(vec![1, 2, 3]);
+        let record1 = Record {
+            key: key.clone(),
+            value: vec![4, 5, 6],
+            publisher: None,
+            expires: Some(std::time::Instant::now() + std::time::Duration::from_secs(100)),
+        };
+        let record2 = Record {
+            key: key.clone(),
+            value: vec![4, 5, 6],
+            publisher: None,
+            expires: Some(std::time::Instant::now() + std::time::Duration::from_secs(1000)),
+        };
+
+        store.put(record1.clone());
+        assert_eq!(store.get(&key), Some(&record1));
+
+        store.put(record2.clone());
+        assert_eq!(store.get(&key), Some(&record2));
+    }
+
+    #[test]
+    fn test_memory_store_max_record_size() {
+        let mut store = MemoryStore::with_config(MemoryStoreConfig {
+            max_records: 1024,
+            max_record_size_bytes: 2,
+        });
+
+        let key = Key::from(vec![1, 2, 3]);
+        let record = Record::new(key.clone(), vec![4, 5]);
+        store.put(record.clone());
+        assert_eq!(store.get(&key), None);
+
+        let record = Record::new(key.clone(), vec![4]);
+        store.put(record.clone());
+        assert_eq!(store.get(&key), Some(&record));
+    }
+}