diff --git a/packages/react-hooks/src/ctx/ApiStats.tsx b/packages/react-hooks/src/ctx/ApiStats.tsx
index 2438b9237c..c0da2075f1 100644
--- a/packages/react-hooks/src/ctx/ApiStats.tsx
+++ b/packages/react-hooks/src/ctx/ApiStats.tsx
@@ -5,10 +5,10 @@ import type { ApiPromise } from '@polkadot/api';
 import type { ProviderStats } from '@polkadot/rpc-provider/types';
 import type { ApiStats } from './types';
 
-import React, { useEffect, useRef, useState } from 'react';
+import React, { useCallback } from 'react';
 
 import { useApi } from '../useApi';
-import { useIsMountedRef } from '../useIsMountedRef';
+import { useTimer } from '../useTimer';
 
 interface Props {
   children?: React.ReactNode;
@@ -35,10 +35,6 @@ function getStats (...apis: ApiPromise[]): { stats: ProviderStats, when: number
     }
   };
 
-  if (apis.length === 0) {
-    return { stats, when: Date.now() };
-  }
-
   for (let i = 0; i < apis.length; i++) {
     const s = apis[i].stats;
 
@@ -61,42 +57,26 @@ function getStats (...apis: ApiPromise[]): { stats: ProviderStats, when: number
   };
 }
 
+function mergeStats (curr: ApiStats, prev: ApiStats[]): ApiStats[] {
+  return prev.length === 0
+    ? [curr]
+    : prev.length === MAX_NUM
+      ? prev.concat(curr).slice(-MAX_NUM)
+      : prev.concat(curr);
+}
+
 export const ApiStatsCtx = React.createContext<ApiStats[]>(EMPTY_STATE);
 
 export function ApiStatsCtxRoot ({ children }: Props): React.ReactElement<Props> {
   const { api } = useApi();
-  const [stats, setStats] = useState(EMPTY_STATE);
-  const timerId = useRef<ReturnType<typeof setTimeout> | null>(null);
-  const mountedRef = useIsMountedRef();
 
-  useEffect((): () => void => {
-    function fireTimer (): void {
-      timerId.current = null;
+  const stateFn = useCallback(
+    (prev: ApiStats[]): ApiStats[] =>
+      mergeStats(getStats(api), prev),
+    [api]
+  );
 
-      if (mountedRef.current) {
-        const curr = getStats(api);
-
-        setStats((prev): ApiStats[] => {
-          if (prev.length === 0) {
-            return [curr];
-          }
-
-          return prev.length === MAX_NUM
-            ? prev.concat(curr).slice(-MAX_NUM)
-            : prev.concat(curr);
-        });
-
-        timerId.current = setTimeout(fireTimer, INTERVAL);
-      }
-    }
-
-    fireTimer();
-
-    return (): void => {
-      timerId.current && clearTimeout(timerId.current);
-    };
-  // eslint-disable-next-line react-hooks/exhaustive-deps
-  }, []);
+  const stats = useTimer(stateFn, EMPTY_STATE, INTERVAL);
 
   return (
     <ApiStatsCtx.Provider value={stats}>
diff --git a/packages/react-hooks/src/index.ts b/packages/react-hooks/src/index.ts
index bd471f1890..941be94622 100644
--- a/packages/react-hooks/src/index.ts
+++ b/packages/react-hooks/src/index.ts
@@ -73,6 +73,7 @@ export { useSudo } from './useSudo';
 export { useSystemApi } from './useSystemApi';
 export { useTeleport } from './useTeleport';
 export { useTheme } from './useTheme';
+export { useTimer } from './useTimer';
 export { useToggle } from './useToggle';
 export { useTreasury } from './useTreasury';
 export { useTxBatch } from './useTxBatch';
diff --git a/packages/react-hooks/src/useDebounce.ts b/packages/react-hooks/src/useDebounce.ts
index 308e0f554d..503d7b1ae6 100644
--- a/packages/react-hooks/src/useDebounce.ts
+++ b/packages/react-hooks/src/useDebounce.ts
@@ -8,18 +8,18 @@ import { useIsMountedRef } from './useIsMountedRef';
 const DEFAULT_DELAY = 250;
 
 // FIXE Due to generics, cannot use createNamedHook
-export function useDebounce <T> (value: T, delay?: number): T {
+export function useDebounce <T> (value: T, delay = DEFAULT_DELAY): T {
   const mountedRef = useIsMountedRef();
   const [debouncedValue, setDebouncedValue] = useState(value);
 
   useEffect((): () => void => {
-    const handler = setTimeout(() => {
+    const timeoutId = setTimeout(() => {
       mountedRef.current && setDebouncedValue(value);
-    }, delay || DEFAULT_DELAY);
+    }, delay);
 
-    // each time it renders, it clears
+    // each time something changes, we clears
     return (): void => {
-      clearTimeout(handler);
+      clearTimeout(timeoutId);
     };
   }, [delay, value, mountedRef]);
 
diff --git a/packages/react-hooks/src/useTimer.ts b/packages/react-hooks/src/useTimer.ts
new file mode 100644
index 0000000000..f452422980
--- /dev/null
+++ b/packages/react-hooks/src/useTimer.ts
@@ -0,0 +1,37 @@
+// Copyright 2017-2023 @polkadot/react-components authors & contributors
+// SPDX-License-Identifier: Apache-2.0
+
+import { useEffect, useRef, useState } from 'react';
+
+import { useIsMountedRef } from './useIsMountedRef';
+
+export function useTimer <T> (stateFn: (prev: T) => T, initial: T, interval: number): T {
+  const [state, setState] = useState(initial);
+  const timerId = useRef<ReturnType<typeof setTimeout> | null>(null);
+  const mountedRef = useIsMountedRef();
+
+  useEffect((): () => void => {
+    function fire (): void {
+      timerId.current = null;
+
+      if (mountedRef.current) {
+        try {
+          setState(stateFn);
+        } catch (e) {
+          console.error(e);
+        }
+
+        timerId.current = setTimeout(fire, interval);
+      }
+    }
+
+    fire();
+
+    return (): void => {
+      timerId.current && clearTimeout(timerId.current);
+    };
+  // eslint-disable-next-line react-hooks/exhaustive-deps
+  }, []);
+
+  return state;
+}