diff --git a/Cargo.lock b/Cargo.lock
index 6bcacf21da7946..b1e2ed9c987b32 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4896,6 +4896,7 @@ dependencies = [
  "serde",
  "solana-budget-program",
  "solana-logger 1.6.0",
+ "solana-measure",
  "solana-metrics",
  "solana-rayon-threadlimit",
  "solana-sdk",
diff --git a/bench-streamer/src/main.rs b/bench-streamer/src/main.rs
index 5763aa15e642ad..6a668a6aa77b7b 100644
--- a/bench-streamer/src/main.rs
+++ b/bench-streamer/src/main.rs
@@ -75,7 +75,7 @@ fn main() -> Result<()> {
 
     let mut read_channels = Vec::new();
     let mut read_threads = Vec::new();
-    let recycler = PacketsRecycler::default();
+    let recycler = PacketsRecycler::new_without_limit("bench-streamer-recycler-shrink-stats");
     for _ in 0..num_sockets {
         let read = solana_net_utils::bind_to(ip_addr, port, false).unwrap();
         read.set_read_timeout(Some(Duration::new(1, 0))).unwrap();
diff --git a/core/src/cluster_info.rs b/core/src/cluster_info.rs
index 6268d0bb876d53..74ab21875d4ce4 100644
--- a/core/src/cluster_info.rs
+++ b/core/src/cluster_info.rs
@@ -1853,7 +1853,7 @@ impl ClusterInfo {
                 let mut last_contact_info_trace = timestamp();
                 let mut last_contact_info_save = timestamp();
                 let mut entrypoints_processed = false;
-                let recycler = PacketsRecycler::default();
+                let recycler = PacketsRecycler::new_without_limit("gossip-recycler-shrink-stats");
                 let crds_data = vec![
                     CrdsData::Version(Version::new(self.id())),
                     CrdsData::NodeInstance(self.instance.with_wallclock(timestamp())),
@@ -2104,7 +2104,7 @@ impl ClusterInfo {
             .process_pull_requests(callers.cloned(), timestamp());
         let output_size_limit =
             self.update_data_budget(stakes.len()) / PULL_RESPONSE_MIN_SERIALIZED_SIZE;
-        let mut packets = Packets::new_with_recycler(recycler.clone(), 64, "handle_pull_requests");
+        let mut packets = Packets::new_with_recycler(recycler.clone(), 64).unwrap();
         let (caller_and_filters, addrs): (Vec<_>, Vec<_>) = {
             let mut rng = rand::thread_rng();
             let check_pull_request =
@@ -2389,8 +2389,7 @@ impl ClusterInfo {
         if packets.is_empty() {
             None
         } else {
-            let packets =
-                Packets::new_with_recycler_data(recycler, "handle_ping_messages", packets);
+            let packets = Packets::new_with_recycler_data(recycler, packets).unwrap();
             Some(packets)
         }
     }
@@ -3019,7 +3018,8 @@ impl ClusterInfo {
         exit: &Arc<AtomicBool>,
     ) -> JoinHandle<()> {
         let exit = exit.clone();
-        let recycler = PacketsRecycler::default();
+        let recycler =
+            PacketsRecycler::new_without_limit("cluster-info-listen-recycler-shrink-stats");
         Builder::new()
             .name("solana-listen".to_string())
             .spawn(move || {
@@ -3464,7 +3464,7 @@ mod tests {
             .iter()
             .map(|ping| Pong::new(ping, &this_node).unwrap())
             .collect();
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         let packets = cluster_info
             .handle_ping_messages(
                 remote_nodes
diff --git a/core/src/fetch_stage.rs b/core/src/fetch_stage.rs
index 0966a2b0916711..f2a660e61f69b5 100644
--- a/core/src/fetch_stage.rs
+++ b/core/src/fetch_stage.rs
@@ -29,7 +29,14 @@ impl FetchStage {
     ) -> (Self, PacketReceiver) {
         let (sender, receiver) = channel();
         (
-            Self::new_with_sender(sockets, tpu_forwards_sockets, exit, &sender, &poh_recorder),
+            Self::new_with_sender(
+                sockets,
+                tpu_forwards_sockets,
+                exit,
+                &sender,
+                &poh_recorder,
+                None,
+            ),
             receiver,
         )
     }
@@ -39,6 +46,7 @@ impl FetchStage {
         exit: &Arc<AtomicBool>,
         sender: &PacketSender,
         poh_recorder: &Arc<Mutex<PohRecorder>>,
+        allocated_packet_limit: Option<u32>,
     ) -> Self {
         let tx_sockets = sockets.into_iter().map(Arc::new).collect();
         let tpu_forwards_sockets = tpu_forwards_sockets.into_iter().map(Arc::new).collect();
@@ -48,6 +56,7 @@ impl FetchStage {
             exit,
             &sender,
             &poh_recorder,
+            allocated_packet_limit,
         )
     }
 
@@ -92,8 +101,10 @@ impl FetchStage {
         exit: &Arc<AtomicBool>,
         sender: &PacketSender,
         poh_recorder: &Arc<Mutex<PohRecorder>>,
+        limit: Option<u32>,
     ) -> Self {
-        let recycler: PacketsRecycler = Recycler::warmed(1000, 1024);
+        let recycler: PacketsRecycler =
+            Recycler::warmed(1000, 1024, limit, "fetch_stage_recycler_shrink");
 
         let tpu_threads = sockets.into_iter().map(|socket| {
             streamer::receiver(
diff --git a/core/src/gossip_service.rs b/core/src/gossip_service.rs
index e8b321cd59958f..a4e633b4967861 100644
--- a/core/src/gossip_service.rs
+++ b/core/src/gossip_service.rs
@@ -47,7 +47,7 @@ impl GossipService {
             gossip_socket.clone(),
             &exit,
             request_sender,
-            Recycler::default(),
+            Recycler::new_without_limit("gossip-receiver-recycler-shrink-stats"),
             "gossip_receiver",
         );
         let (response_sender, response_receiver) = channel();
diff --git a/core/src/serve_repair.rs b/core/src/serve_repair.rs
index 756077a8b5f30a..b93dc0650f10fd 100644
--- a/core/src/serve_repair.rs
+++ b/core/src/serve_repair.rs
@@ -279,7 +279,7 @@ impl ServeRepair {
         exit: &Arc<AtomicBool>,
     ) -> JoinHandle<()> {
         let exit = exit.clone();
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("serve-repair-recycler-shrink-stats");
         Builder::new()
             .name("solana-repair-listen".to_string())
             .spawn(move || {
@@ -498,11 +498,7 @@ impl ServeRepair {
 
             if let Some(packet) = packet {
                 inc_new_counter_debug!("serve_repair-window-request-ledger", 1);
-                return Some(Packets::new_with_recycler_data(
-                    recycler,
-                    "run_window_request",
-                    vec![packet],
-                ));
+                return Some(Packets::new_with_recycler_data(recycler, vec![packet])).unwrap();
             }
         }
 
@@ -538,11 +534,7 @@ impl ServeRepair {
                 from_addr,
                 nonce,
             )?;
-            return Some(Packets::new_with_recycler_data(
-                recycler,
-                "run_highest_window_request",
-                vec![packet],
-            ));
+            return Packets::new_with_recycler_data(recycler, vec![packet]);
         }
         None
     }
@@ -555,7 +547,7 @@ impl ServeRepair {
         max_responses: usize,
         nonce: Nonce,
     ) -> Option<Packets> {
-        let mut res = Packets::new_with_recycler(recycler.clone(), 64, "run_orphan");
+        let mut res = Packets::new_with_recycler(recycler.clone(), 64).unwrap();
         if let Some(blockstore) = blockstore {
             // Try to find the next "n" parent slots of the input slot
             while let Ok(Some(meta)) = blockstore.meta(slot) {
@@ -609,7 +601,7 @@ mod tests {
 
     /// test run_window_request responds with the right shred, and do not overrun
     fn run_highest_window_request(slot: Slot, num_slots: u64, nonce: Nonce) {
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         solana_logger::setup();
         let ledger_path = get_tmp_ledger_path!();
         {
@@ -677,7 +669,7 @@ mod tests {
 
     /// test window requests respond with the right shred, and do not overrun
     fn run_window_request(slot: Slot, nonce: Nonce) {
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         solana_logger::setup();
         let ledger_path = get_tmp_ledger_path!();
         {
@@ -845,7 +837,7 @@ mod tests {
 
     fn run_orphan(slot: Slot, num_slots: u64, nonce: Nonce) {
         solana_logger::setup();
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         let ledger_path = get_tmp_ledger_path!();
         {
             let blockstore = Arc::new(Blockstore::open(&ledger_path).unwrap());
@@ -916,7 +908,7 @@ mod tests {
     #[test]
     fn run_orphan_corrupted_shred_size() {
         solana_logger::setup();
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         let ledger_path = get_tmp_ledger_path!();
         {
             let blockstore = Arc::new(Blockstore::open(&ledger_path).unwrap());
diff --git a/core/src/serve_repair_service.rs b/core/src/serve_repair_service.rs
index f252ab1e4ba593..785ed06b0f1860 100644
--- a/core/src/serve_repair_service.rs
+++ b/core/src/serve_repair_service.rs
@@ -30,7 +30,7 @@ impl ServeRepairService {
             serve_repair_socket.clone(),
             &exit,
             request_sender,
-            Recycler::default(),
+            Recycler::new_without_limit("serve-repair-receiver-recycler-shrink-stats"),
             "serve_repair_receiver",
         );
         let (response_sender, response_receiver) = channel();
diff --git a/core/src/shred_fetch_stage.rs b/core/src/shred_fetch_stage.rs
index 1c5f725bb18b84..01b1f177b34eab 100644
--- a/core/src/shred_fetch_stage.rs
+++ b/core/src/shred_fetch_stage.rs
@@ -167,8 +167,10 @@ impl ShredFetchStage {
         sender: &PacketSender,
         bank_forks: Option<Arc<RwLock<BankForks>>>,
         exit: &Arc<AtomicBool>,
+        limit: Option<u32>,
     ) -> Self {
-        let recycler: PacketsRecycler = Recycler::warmed(100, 1024);
+        let recycler: PacketsRecycler =
+            Recycler::warmed(100, 1024, limit, "shred_fetch_stage_recycler_shrink");
 
         let (mut tvu_threads, tvu_filter) = Self::packet_modifier(
             sockets,
diff --git a/core/src/sigverify.rs b/core/src/sigverify.rs
index 1c9b2bd39ef801..8228cbeeb92f0b 100644
--- a/core/src/sigverify.rs
+++ b/core/src/sigverify.rs
@@ -23,8 +23,8 @@ impl Default for TransactionSigVerifier {
     fn default() -> Self {
         init();
         Self {
-            recycler: Recycler::warmed(50, 4096),
-            recycler_out: Recycler::warmed(50, 4096),
+            recycler: Recycler::warmed(50, 4096, None, ""),
+            recycler_out: Recycler::warmed(50, 4096, None, ""),
         }
     }
 }
diff --git a/core/src/sigverify_shreds.rs b/core/src/sigverify_shreds.rs
index c256af65579138..d7e44622c65798 100644
--- a/core/src/sigverify_shreds.rs
+++ b/core/src/sigverify_shreds.rs
@@ -26,7 +26,10 @@ impl ShredSigVerifier {
         Self {
             bank_forks,
             leader_schedule_cache,
-            recycler_cache: RecyclerCache::warmed(),
+            recycler_cache: RecyclerCache::warmed(
+                "shred-sig-verifier-offsets-recycler-shrink-stats",
+                "shred-sig-verifier-buffer-recycler-shrink-stats",
+            ),
         }
     }
     fn read_slots(batches: &[Packets]) -> HashSet<u64> {
diff --git a/core/src/tpu.rs b/core/src/tpu.rs
index c26a8e18b319ec..e71b9f8d9be89f 100644
--- a/core/src/tpu.rs
+++ b/core/src/tpu.rs
@@ -67,6 +67,9 @@ impl Tpu {
             &exit,
             &packet_sender,
             &poh_recorder,
+            // At 1024 packets per `Packet`, each packet about MTU size ~1k, this is roughly
+            // 20GB
+            Some(20_000),
         );
         let (verified_sender, verified_receiver) = unbounded();
 
diff --git a/core/src/tvu.rs b/core/src/tvu.rs
index e2f41a06d722a7..b21f7d73af911e 100644
--- a/core/src/tvu.rs
+++ b/core/src/tvu.rs
@@ -145,6 +145,7 @@ impl Tvu {
             &fetch_sender,
             Some(bank_forks.clone()),
             &exit,
+            None,
         );
 
         let (verified_sender, verified_receiver) = unbounded();
diff --git a/ledger/benches/sigverify_shreds.rs b/ledger/benches/sigverify_shreds.rs
index 116e1fd77ae7a4..0fd83dd0376a96 100644
--- a/ledger/benches/sigverify_shreds.rs
+++ b/ledger/benches/sigverify_shreds.rs
@@ -16,7 +16,7 @@ const NUM_PACKETS: usize = 256;
 const NUM_BATCHES: usize = 1;
 #[bench]
 fn bench_sigverify_shreds_sign_gpu(bencher: &mut Bencher) {
-    let recycler_cache = RecyclerCache::default();
+    let recycler_cache = RecyclerCache::new("", "");
 
     let mut packets = Packets::default();
     packets.packets.set_pinnable();
diff --git a/ledger/src/entry.rs b/ledger/src/entry.rs
index 1cde091107108e..a77d3eb44e42d7 100644
--- a/ledger/src/entry.rs
+++ b/ledger/src/entry.rs
@@ -225,12 +225,21 @@ pub struct EntryVerificationState {
     device_verification_data: DeviceVerificationData,
 }
 
-#[derive(Default, Clone)]
+#[derive(Clone)]
 pub struct VerifyRecyclers {
     hash_recycler: Recycler<PinnedVec<Hash>>,
     tick_count_recycler: Recycler<PinnedVec<u64>>,
 }
 
+impl Default for VerifyRecyclers {
+    fn default() -> Self {
+        Self {
+            hash_recycler: Recycler::new_without_limit("hash_recycler_shrink_stats"),
+            tick_count_recycler: Recycler::new_without_limit("tick_count_recycler_shrink_stats"),
+        }
+    }
+}
+
 #[derive(PartialEq, Clone, Copy, Debug)]
 pub enum EntryVerificationStatus {
     Failure,
@@ -554,14 +563,12 @@ impl EntrySlice for [Entry] {
             .take(self.len())
             .collect();
 
-        let mut hashes_pinned = recyclers.hash_recycler.allocate("poh_verify_hash");
+        let mut hashes_pinned = recyclers.hash_recycler.allocate().unwrap();
         hashes_pinned.set_pinnable();
         hashes_pinned.resize(hashes.len(), Hash::default());
         hashes_pinned.copy_from_slice(&hashes);
 
-        let mut num_hashes_vec = recyclers
-            .tick_count_recycler
-            .allocate("poh_verify_num_hashes");
+        let mut num_hashes_vec = recyclers.tick_count_recycler.allocate().unwrap();
         num_hashes_vec.reserve_and_pin(cmp::max(1, self.len()));
         for entry in self {
             num_hashes_vec.push(entry.num_hashes.saturating_sub(1));
diff --git a/ledger/src/sigverify_shreds.rs b/ledger/src/sigverify_shreds.rs
index effe496a2b9257..6601f07a36d142 100644
--- a/ledger/src/sigverify_shreds.rs
+++ b/ledger/src/sigverify_shreds.rs
@@ -137,7 +137,7 @@ fn slot_key_data_for_gpu<
                 .push(*slot);
         }
     }
-    let mut keyvec = recycler_cache.buffer().allocate("shred_gpu_pubkeys");
+    let mut keyvec = recycler_cache.buffer().allocate().unwrap();
     keyvec.set_pinnable();
     let mut slot_to_key_ix = HashMap::new();
 
@@ -152,7 +152,7 @@ fn slot_key_data_for_gpu<
             slot_to_key_ix.insert(s, i);
         }
     }
-    let mut offsets = recycler_cache.offsets().allocate("shred_offsets");
+    let mut offsets = recycler_cache.offsets().allocate().unwrap();
     offsets.set_pinnable();
     slots.iter().for_each(|packet_slots| {
         packet_slots.iter().for_each(|slot| {
@@ -185,11 +185,11 @@ fn shred_gpu_offsets(
     batches: &[Packets],
     recycler_cache: &RecyclerCache,
 ) -> (TxOffset, TxOffset, TxOffset, Vec<Vec<u32>>) {
-    let mut signature_offsets = recycler_cache.offsets().allocate("shred_signatures");
+    let mut signature_offsets = recycler_cache.offsets().allocate().unwrap();
     signature_offsets.set_pinnable();
-    let mut msg_start_offsets = recycler_cache.offsets().allocate("shred_msg_starts");
+    let mut msg_start_offsets = recycler_cache.offsets().allocate().unwrap();
     msg_start_offsets.set_pinnable();
-    let mut msg_sizes = recycler_cache.offsets().allocate("shred_msg_sizes");
+    let mut msg_sizes = recycler_cache.offsets().allocate().unwrap();
     msg_sizes.set_pinnable();
     let mut v_sig_lens = vec![];
     for batch in batches.iter() {
@@ -242,7 +242,7 @@ pub fn verify_shreds_gpu(
     trace!("pubkeys_len: {}", pubkeys_len);
     let (signature_offsets, msg_start_offsets, msg_sizes, v_sig_lens) =
         shred_gpu_offsets(pubkeys_len, batches, recycler_cache);
-    let mut out = recycler_cache.buffer().allocate("out_buffer");
+    let mut out = recycler_cache.buffer().allocate().unwrap();
     out.set_pinnable();
     elems.push(
         perf_libs::Elems {
@@ -332,7 +332,7 @@ pub fn sign_shreds_cpu(keypair: &Keypair, batches: &mut [Packets]) {
 }
 
 pub fn sign_shreds_gpu_pinned_keypair(keypair: &Keypair, cache: &RecyclerCache) -> PinnedVec<u8> {
-    let mut vec = cache.buffer().allocate("pinned_keypair");
+    let mut vec = cache.buffer().allocate().unwrap();
     let pubkey = keypair.pubkey().to_bytes();
     let secret = keypair.secret().to_bytes();
     let mut hasher = Sha512::default();
@@ -370,17 +370,17 @@ pub fn sign_shreds_gpu(
     let mut num_packets = num_keypair_packets;
 
     //should be zero
-    let mut pubkey_offsets = recycler_cache.offsets().allocate("pubkey offsets");
+    let mut pubkey_offsets = recycler_cache.offsets().allocate().unwrap();
     pubkey_offsets.resize(count, 0);
 
-    let mut secret_offsets = recycler_cache.offsets().allocate("secret_offsets");
+    let mut secret_offsets = recycler_cache.offsets().allocate().unwrap();
     secret_offsets.resize(count, pubkey_size as u32);
 
     trace!("offset: {}", offset);
     let (signature_offsets, msg_start_offsets, msg_sizes, _v_sig_lens) =
         shred_gpu_offsets(offset, batches, recycler_cache);
     let total_sigs = signature_offsets.len();
-    let mut signatures_out = recycler_cache.buffer().allocate("ed25519 signatures");
+    let mut signatures_out = recycler_cache.buffer().allocate().unwrap();
     signatures_out.set_pinnable();
     signatures_out.resize(total_sigs * sig_size, 0);
     elems.push(
@@ -560,7 +560,7 @@ pub mod tests {
 
     fn run_test_sigverify_shreds_gpu(slot: Slot) {
         solana_logger::setup();
-        let recycler_cache = RecyclerCache::default();
+        let recycler_cache = RecyclerCache::new("", "");
 
         let mut batch = [Packets::default()];
         let mut shred = Shred::new_from_data(
@@ -624,7 +624,7 @@ pub mod tests {
 
     fn run_test_sigverify_shreds_sign_gpu(slot: Slot) {
         solana_logger::setup();
-        let recycler_cache = RecyclerCache::default();
+        let recycler_cache = RecyclerCache::new("", "");
 
         let mut packets = Packets::default();
         let num_packets = 32;
diff --git a/perf/Cargo.toml b/perf/Cargo.toml
index 5a727a8db59897..df4fe7adbf0d63 100644
--- a/perf/Cargo.toml
+++ b/perf/Cargo.toml
@@ -21,6 +21,7 @@ solana-sdk = { path = "../sdk", version = "1.6.0" }
 solana-rayon-threadlimit = { path = "../rayon-threadlimit", version = "1.6.0" }
 solana-budget-program = { path = "../programs/budget", version = "1.6.0" }
 solana-logger = { path = "../logger", version = "1.6.0" }
+solana-measure = { path = "../measure", version = "1.6.0" }
 solana-metrics = { path = "../metrics", version = "1.6.0" }
 curve25519-dalek = { version = "2" }
 
diff --git a/perf/benches/recycler.rs b/perf/benches/recycler.rs
new file mode 100644
index 00000000000000..a2a9788a072114
--- /dev/null
+++ b/perf/benches/recycler.rs
@@ -0,0 +1,22 @@
+#![feature(test)]
+
+extern crate test;
+
+use solana_perf::{packet::PacketsRecycler, recycler::Recycler};
+
+use test::Bencher;
+
+#[bench]
+fn bench_recycler(bencher: &mut Bencher) {
+    solana_logger::setup();
+
+    let recycler: PacketsRecycler = Recycler::new_without_limit("me");
+
+    for _ in 0..1000 {
+        recycler.recycle_for_test(recycler.allocate().expect("There is no limit"));
+    }
+
+    bencher.iter(move || {
+        recycler.recycle_for_test(recycler.allocate().expect("There is no limit"));
+    });
+}
diff --git a/perf/benches/sigverify.rs b/perf/benches/sigverify.rs
index f1f41ced9702ae..2611272ef93214 100644
--- a/perf/benches/sigverify.rs
+++ b/perf/benches/sigverify.rs
@@ -15,8 +15,8 @@ fn bench_sigverify(bencher: &mut Bencher) {
     // generate packet vector
     let batches = to_packets_chunked(&std::iter::repeat(tx).take(128).collect::<Vec<_>>(), 128);
 
-    let recycler = Recycler::default();
-    let recycler_out = Recycler::default();
+    let recycler = Recycler::new_without_limit("");
+    let recycler_out = Recycler::new_without_limit("");
     // verify packets
     bencher.iter(|| {
         let _ans = sigverify::ed25519_verify(&batches, &recycler, &recycler_out);
@@ -30,7 +30,7 @@ fn bench_get_offsets(bencher: &mut Bencher) {
     // generate packet vector
     let batches = to_packets_chunked(&std::iter::repeat(tx).take(1024).collect::<Vec<_>>(), 1024);
 
-    let recycler = Recycler::default();
+    let recycler = Recycler::new_without_limit("");
     // verify packets
     bencher.iter(|| {
         let _ans = sigverify::generate_offsets(&batches, &recycler);
diff --git a/perf/src/cuda_runtime.rs b/perf/src/cuda_runtime.rs
index dc9b84a0395ca2..a8f9b01acf6b77 100644
--- a/perf/src/cuda_runtime.rs
+++ b/perf/src/cuda_runtime.rs
@@ -76,6 +76,9 @@ impl<T: Default + Clone + Sized> Reset for PinnedVec<T> {
     fn set_recycler(&mut self, recycler: Weak<RecyclerX<Self>>) {
         self.recycler = Some(recycler);
     }
+    fn unset_recycler(&mut self) {
+        self.recycler = None;
+    }
 }
 
 impl<T: Clone + Default + Sized> Default for PinnedVec<T> {
diff --git a/perf/src/packet.rs b/perf/src/packet.rs
index b29a8201bba2ce..292c3b7ce14dae 100644
--- a/perf/src/packet.rs
+++ b/perf/src/packet.rs
@@ -29,19 +29,21 @@ impl Packets {
         Packets { packets }
     }
 
-    pub fn new_with_recycler(recycler: PacketsRecycler, size: usize, name: &'static str) -> Self {
-        let mut packets = recycler.allocate(name);
-        packets.reserve_and_pin(size);
-        Packets { packets }
+    pub fn new_with_recycler(recycler: PacketsRecycler, size: usize) -> Option<Self> {
+        let maybe_packets = recycler.allocate();
+        maybe_packets.map(|mut packets| {
+            packets.reserve_and_pin(size);
+            Packets { packets }
+        })
     }
     pub fn new_with_recycler_data(
         recycler: &PacketsRecycler,
-        name: &'static str,
         mut packets: Vec<Packet>,
-    ) -> Self {
-        let mut vec = Self::new_with_recycler(recycler.clone(), packets.len(), name);
-        vec.packets.append(&mut packets);
-        vec
+    ) -> Option<Self> {
+        Self::new_with_recycler(recycler.clone(), packets.len()).map(|mut vec| {
+            vec.packets.append(&mut packets);
+            vec
+        })
     }
 
     pub fn set_addr(&mut self, addr: &SocketAddr) {
@@ -77,11 +79,7 @@ pub fn to_packets_with_destination<T: Serialize>(
     recycler: PacketsRecycler,
     dests_and_data: &[(SocketAddr, T)],
 ) -> Packets {
-    let mut out = Packets::new_with_recycler(
-        recycler,
-        dests_and_data.len(),
-        "to_packets_with_destination",
-    );
+    let mut out = Packets::new_with_recycler(recycler, dests_and_data.len()).unwrap();
     out.packets.resize(dests_and_data.len(), Packet::default());
     for (dest_and_data, o) in dests_and_data.iter().zip(out.packets.iter_mut()) {
         if !dest_and_data.0.ip().is_unspecified() && dest_and_data.0.port() != 0 {
@@ -139,9 +137,9 @@ mod tests {
 
     #[test]
     fn test_to_packets_pinning() {
-        let recycler = PacketsRecycler::default();
+        let recycler = PacketsRecycler::new_without_limit("");
         for i in 0..2 {
-            let _first_packets = Packets::new_with_recycler(recycler.clone(), i + 1, "first one");
+            let _first_packets = Packets::new_with_recycler(recycler.clone(), i + 1);
         }
     }
 }
diff --git a/perf/src/recycler.rs b/perf/src/recycler.rs
index 1d94d8e4e216e9..728fb29162aff5 100644
--- a/perf/src/recycler.rs
+++ b/perf/src/recycler.rs
@@ -1,7 +1,23 @@
 use rand::{thread_rng, Rng};
-use std::sync::atomic::AtomicBool;
-use std::sync::atomic::{AtomicUsize, Ordering};
-use std::sync::{Arc, Mutex, Weak};
+use solana_measure::measure::Measure;
+use std::{
+    sync::{
+        atomic::{AtomicBool, AtomicUsize, Ordering},
+        Arc, Mutex, Weak,
+    },
+    time::Instant,
+};
+
+pub const DEFAULT_MINIMUM_OBJECT_COUNT: u32 = 1000;
+pub const DEFAULT_SHRINK_PCT: u32 = 80;
+pub const DEFAULT_MAX_ABOVE_SHRINK_PCT_COUNT: u32 = 10;
+pub const DEFAULT_CHECK_SHRINK_INTERVAL_MS: u32 = 10000;
+
+enum AllocationDecision<T> {
+    Reuse(T),
+    Allocate(u32, usize),
+    AllocationLimitReached,
+}
 
 #[derive(Debug, Default)]
 struct RecyclerStats {
@@ -11,36 +27,219 @@ struct RecyclerStats {
     max_gc: AtomicUsize,
 }
 
-#[derive(Clone, Default)]
-pub struct Recycler<T> {
+#[derive(Debug, Default)]
+struct RecyclerShrinkStats {
+    resulting_size: u32,
+    target_size: u32,
+    ideal_num_to_remove: u32,
+    shrink_elapsed: u64,
+    drop_elapsed: u64,
+}
+
+impl RecyclerShrinkStats {
+    fn report(&self, shrink_metric_name: &'static str) {
+        datapoint_info!(
+            shrink_metric_name,
+            ("target_size", self.target_size as i64, i64),
+            ("resulting_size", self.resulting_size as i64, i64),
+            ("ideal_num_to_remove", self.ideal_num_to_remove as i64, i64),
+            ("recycler_shrink_elapsed", self.shrink_elapsed as i64, i64),
+            ("drop_elapsed", self.drop_elapsed as i64, i64)
+        );
+    }
+}
+
+#[derive(Clone)]
+pub struct Recycler<T: Reset> {
     recycler: Arc<RecyclerX<T>>,
+    shrink_metric_name: &'static str,
+}
+
+impl<T: Default + Reset> Recycler<T> {
+    pub fn new_without_limit(shrink_metric_name: &'static str) -> Self {
+        Self {
+            recycler: Arc::new(RecyclerX::default()),
+            shrink_metric_name,
+        }
+    }
+
+    pub fn new_with_limit(shrink_metric_name: &'static str, limit: u32) -> Self {
+        Self {
+            recycler: Arc::new(RecyclerX::new(Some(limit))),
+            shrink_metric_name,
+        }
+    }
+}
+
+#[derive(Debug)]
+pub struct ObjectPool<T: Reset> {
+    objects: Vec<T>,
+    shrink_pct: u32,
+    minimum_object_count: u32,
+    above_shrink_pct_count: u32,
+    max_above_shrink_pct_count: u32,
+    check_shrink_interval_ms: u32,
+    last_shrink_check_time: Instant,
+    pub total_allocated_count: u32,
+    limit: Option<u32>,
+}
+impl<T: Default + Reset> Default for ObjectPool<T> {
+    fn default() -> Self {
+        ObjectPool {
+            objects: vec![],
+            shrink_pct: DEFAULT_SHRINK_PCT,
+            minimum_object_count: DEFAULT_MINIMUM_OBJECT_COUNT,
+            above_shrink_pct_count: 0,
+            max_above_shrink_pct_count: DEFAULT_MAX_ABOVE_SHRINK_PCT_COUNT,
+            check_shrink_interval_ms: DEFAULT_CHECK_SHRINK_INTERVAL_MS,
+            last_shrink_check_time: Instant::now(),
+            total_allocated_count: 0,
+            limit: None,
+        }
+    }
+}
+
+impl<T: Default + Reset> ObjectPool<T> {
+    fn new(limit: Option<u32>) -> Self {
+        Self {
+            limit,
+            ..Self::default()
+        }
+    }
+
+    fn len(&self) -> usize {
+        self.objects.len()
+    }
+
+    fn get_shrink_target(shrink_pct: u32, current_size: u32) -> u32 {
+        ((shrink_pct * current_size) + 99) / 100
+    }
+
+    fn shrink_if_necessary(
+        &mut self,
+        recycler_name: &'static str,
+    ) -> Option<(RecyclerShrinkStats, Vec<T>)> {
+        let is_consistent = self.total_allocated_count as usize >= self.len();
+        assert!(
+            is_consistent,
+            "Object pool inconsistent: {} {} {}",
+            self.total_allocated_count,
+            self.len(),
+            recycler_name
+        );
+        if self.last_shrink_check_time.elapsed().as_millis() > self.check_shrink_interval_ms as u128
+        {
+            self.last_shrink_check_time = Instant::now();
+            let shrink_threshold_count =
+                Self::get_shrink_target(self.shrink_pct, self.total_allocated_count);
+
+            // If more than the shrink threshold of all allocated objects are sitting doing nothing,
+            // increment the `above_shrink_pct_count`.
+            if self.len() > self.minimum_object_count as usize
+                && self.len() > shrink_threshold_count as usize
+            {
+                self.above_shrink_pct_count += 1;
+            } else {
+                self.above_shrink_pct_count = 0;
+            }
+
+            if self.above_shrink_pct_count as usize >= self.max_above_shrink_pct_count as usize {
+                let mut recycler_shrink_elapsed = Measure::start("recycler_shrink");
+                // Do the shrink
+                let target_size = std::cmp::max(self.minimum_object_count, shrink_threshold_count);
+                let ideal_num_to_remove = self.total_allocated_count - target_size;
+                let mut shrink_removed_objects = Vec::with_capacity(ideal_num_to_remove as usize);
+                for _ in 0..ideal_num_to_remove {
+                    if let Some(mut expired_object) = self.objects.pop() {
+                        expired_object.unset_recycler();
+                        // Drop these outside of the lock because the Drop() implmentation for
+                        // certain objects like PinnedVec's can be expensive
+                        shrink_removed_objects.push(expired_object);
+                        // May not be able to shrink exactly `ideal_num_to_remove` objects since
+                        // in the case of new allocations, `total_allocated_count` is incremented
+                        // before the object is allocated (see `should_allocate_new` logic below).
+                        // This race allows a difference of up to the number of threads allocating
+                        // with this recycler.
+                        self.total_allocated_count -= 1;
+                    } else {
+                        break;
+                    }
+                }
+                recycler_shrink_elapsed.stop();
+                self.above_shrink_pct_count = 0;
+                Some((
+                    RecyclerShrinkStats {
+                        resulting_size: self.total_allocated_count,
+                        target_size,
+                        ideal_num_to_remove,
+                        shrink_elapsed: recycler_shrink_elapsed.as_us(),
+                        // Filled in later
+                        drop_elapsed: 0,
+                    },
+                    shrink_removed_objects,
+                ))
+            } else {
+                None
+            }
+        } else {
+            None
+        }
+    }
+
+    fn make_allocation_decision(&mut self) -> AllocationDecision<T> {
+        if let Some(reused_object) = self.objects.pop() {
+            AllocationDecision::Reuse(reused_object)
+        } else if let Some(limit) = self.limit {
+            if self.total_allocated_count < limit {
+                self.total_allocated_count += 1;
+                AllocationDecision::Allocate(self.total_allocated_count, self.len())
+            } else {
+                AllocationDecision::AllocationLimitReached
+            }
+        } else {
+            self.total_allocated_count += 1;
+            AllocationDecision::Allocate(self.total_allocated_count, self.len())
+        }
+    }
 }
 
 #[derive(Debug)]
-pub struct RecyclerX<T> {
-    gc: Mutex<Vec<T>>,
+pub struct RecyclerX<T: Reset> {
+    gc: Mutex<ObjectPool<T>>,
     stats: RecyclerStats,
     id: usize,
 }
 
-impl<T: Default> Default for RecyclerX<T> {
+impl<T: Default + Reset> Default for RecyclerX<T> {
     fn default() -> RecyclerX<T> {
         let id = thread_rng().gen_range(0, 1000);
         trace!("new recycler..{}", id);
         RecyclerX {
-            gc: Mutex::new(vec![]),
+            gc: Mutex::new(ObjectPool::default()),
             stats: RecyclerStats::default(),
             id,
         }
     }
 }
 
+impl<T: Default + Reset> RecyclerX<T> {
+    fn new(limit: Option<u32>) -> Self {
+        RecyclerX {
+            gc: Mutex::new(ObjectPool::new(limit)),
+            ..Self::default()
+        }
+    }
+}
+
 pub trait Reset {
     fn reset(&mut self);
     fn warm(&mut self, size_hint: usize);
     fn set_recycler(&mut self, recycler: Weak<RecyclerX<Self>>)
     where
         Self: std::marker::Sized;
+    fn unset_recycler(&mut self)
+    where
+        Self: std::marker::Sized;
 }
 
 lazy_static! {
@@ -56,12 +255,21 @@ fn warm_recyclers() -> bool {
 }
 
 impl<T: Default + Reset + Sized> Recycler<T> {
-    pub fn warmed(num: usize, size_hint: usize) -> Self {
-        let new = Self::default();
+    pub fn warmed(
+        num: u32,
+        size_hint: usize,
+        limit: Option<u32>,
+        shrink_metric_name: &'static str,
+    ) -> Self {
+        assert!(num <= limit.unwrap_or(std::u32::MAX));
+        let new = Self {
+            recycler: Arc::new(RecyclerX::new(limit)),
+            shrink_metric_name,
+        };
         if warm_recyclers() {
             let warmed_items: Vec<_> = (0..num)
                 .map(|_| {
-                    let mut item = new.allocate("warming");
+                    let mut item = new.allocate().unwrap();
                     item.warm(size_hint);
                     item
                 })
@@ -73,33 +281,55 @@ impl<T: Default + Reset + Sized> Recycler<T> {
         new
     }
 
-    pub fn allocate(&self, name: &'static str) -> T {
-        let new = self
-            .recycler
-            .gc
-            .lock()
-            .expect("recycler lock in pb fn allocate")
-            .pop();
-
-        if let Some(mut x) = new {
-            self.recycler.stats.reuse.fetch_add(1, Ordering::Relaxed);
-            x.reset();
-            return x;
-        }
-
-        let total = self.recycler.stats.total.fetch_add(1, Ordering::Relaxed);
-        trace!(
-            "allocating new: total {} {:?} id: {} reuse: {} max_gc: {}",
-            total,
-            name,
-            self.recycler.id,
-            self.recycler.stats.reuse.load(Ordering::Relaxed),
-            self.recycler.stats.max_gc.load(Ordering::Relaxed),
-        );
+    pub fn allocate(&self) -> Option<T> {
+        let (allocation_decision, shrink_output) = {
+            let mut object_pool = self
+                .recycler
+                .gc
+                .lock()
+                .expect("recycler lock in pb fn allocate");
 
-        let mut t = T::default();
-        t.set_recycler(Arc::downgrade(&self.recycler));
-        t
+            let shrink_output = object_pool.shrink_if_necessary(self.shrink_metric_name);
+
+            // Grab the allocation decision and shrinking stats, do the expensive
+            // allocations/deallocations outside of the lock.
+            (object_pool.make_allocation_decision(), shrink_output)
+        };
+
+        if let Some((mut shrink_stats, shrink_removed_objects)) = shrink_output {
+            let mut shrink_removed_object_elapsed = Measure::start("shrink_removed_object_elapsed");
+            drop(shrink_removed_objects);
+            shrink_removed_object_elapsed.stop();
+            shrink_stats.drop_elapsed = shrink_removed_object_elapsed.as_us();
+            shrink_stats.report(self.shrink_metric_name);
+        }
+
+        match allocation_decision {
+            AllocationDecision::Reuse(mut reused_object) => {
+                self.recycler.stats.reuse.fetch_add(1, Ordering::Relaxed);
+                reused_object.reset();
+                Some(reused_object)
+            }
+            AllocationDecision::Allocate(total_allocated_count, recycled_len) => {
+                let mut t = T::default();
+                t.set_recycler(Arc::downgrade(&self.recycler));
+                if total_allocated_count % 1000 == 0 {
+                    datapoint_info!(
+                        "recycler_total_allocated_count",
+                        ("name", self.shrink_metric_name, String),
+                        ("count", total_allocated_count as i64, i64),
+                        ("recycled_len", recycled_len as i64, i64),
+                    )
+                }
+                Some(t)
+            }
+
+            AllocationDecision::AllocationLimitReached => None,
+        }
+    }
+
+    pub fn recycle_for_test(&self, x: T) {
+        self.recycler.recycle(x);
     }
 }
 
@@ -107,7 +337,7 @@ impl<T: Default + Reset> RecyclerX<T> {
     pub fn recycle(&self, x: T) {
         let len = {
             let mut gc = self.gc.lock().expect("recycler lock in pub fn recycle");
-            gc.push(x);
+            gc.objects.push(x);
             gc.len()
         };
 
@@ -137,6 +367,8 @@ impl<T: Default + Reset> RecyclerX<T> {
 #[cfg(test)]
 mod tests {
     use super::*;
+    use crate::packet::PacketsRecycler;
+    use std::{thread::sleep, time::Duration};
 
     impl Reset for u64 {
         fn reset(&mut self) {
@@ -144,19 +376,115 @@ mod tests {
         }
         fn warm(&mut self, _size_hint: usize) {}
         fn set_recycler(&mut self, _recycler: Weak<RecyclerX<Self>>) {}
+        fn unset_recycler(&mut self) {}
     }
 
     #[test]
     fn test_recycler() {
-        let recycler = Recycler::default();
-        let mut y: u64 = recycler.allocate("test_recycler1");
+        let recycler = Recycler::new_without_limit("");
+        let mut y: u64 = recycler.allocate().unwrap();
         assert_eq!(y, 0);
         y = 20;
         let recycler2 = recycler.clone();
         recycler2.recycler.recycle(y);
         assert_eq!(recycler.recycler.gc.lock().unwrap().len(), 1);
-        let z = recycler.allocate("test_recycler2");
+        let z = recycler.allocate().unwrap();
         assert_eq!(z, 10);
         assert_eq!(recycler.recycler.gc.lock().unwrap().len(), 0);
     }
+
+    #[test]
+    fn test_recycler_limit() {
+        let limit = 10;
+        assert!(limit <= DEFAULT_MINIMUM_OBJECT_COUNT);
+        // Use PacketRecycler so that dropping the allocated object
+        // actually recycles
+        let recycler = PacketsRecycler::new_with_limit("", limit);
+        let mut allocated_items = vec![];
+        for i in 0..limit * 2 {
+            let x = recycler.allocate();
+            if i < limit {
+                allocated_items.push(x.unwrap());
+            } else {
+                assert!(x.is_none());
+            }
+        }
+        assert_eq!(
+            recycler.recycler.gc.lock().unwrap().total_allocated_count,
+            limit
+        );
+        assert_eq!(recycler.recycler.gc.lock().unwrap().len(), 0_usize);
+        drop(allocated_items);
+        assert_eq!(
+            recycler.recycler.gc.lock().unwrap().total_allocated_count,
+            limit
+        );
+        assert_eq!(recycler.recycler.gc.lock().unwrap().len(), limit as usize);
+    }
+
+    #[test]
+    fn test_recycler_shrink() {
+        let limit = DEFAULT_MINIMUM_OBJECT_COUNT * 2;
+        let max_above_shrink_pct_count = 2;
+        let shrink_pct = 80;
+        let recycler = PacketsRecycler::new_with_limit("", limit);
+        {
+            let mut locked_recycler = recycler.recycler.gc.lock().unwrap();
+            // Make the shrink interval a long time so shrinking doesn't happen yet
+            locked_recycler.check_shrink_interval_ms = std::u32::MAX;
+            // Set the count to one so that we shrink on every other allocation later.
+            locked_recycler.max_above_shrink_pct_count = max_above_shrink_pct_count;
+            locked_recycler.shrink_pct = shrink_pct;
+        }
+
+        let mut allocated_items = vec![];
+        for _ in 0..limit {
+            allocated_items.push(recycler.allocate().unwrap());
+        }
+        assert_eq!(
+            recycler.recycler.gc.lock().unwrap().total_allocated_count,
+            limit
+        );
+        assert_eq!(recycler.recycler.gc.lock().unwrap().len(), 0);
+        drop(allocated_items);
+        assert_eq!(recycler.recycler.gc.lock().unwrap().len(), limit as usize);
+
+        let shrink_interval = 10;
+        {
+            let mut locked_recycler = recycler.recycler.gc.lock().unwrap();
+            locked_recycler.check_shrink_interval_ms = shrink_interval;
+        }
+
+        let mut current_total_allocated_count =
+            recycler.recycler.gc.lock().unwrap().total_allocated_count;
+
+        // Shrink the recycler until it hits the minimum
+        let mut i = 0;
+        while current_total_allocated_count != DEFAULT_MINIMUM_OBJECT_COUNT {
+            sleep(Duration::from_millis(shrink_interval as u64 * 2));
+            recycler.allocate().unwrap();
+            let expected_above_shrink_pct_count = (i + 1) % max_above_shrink_pct_count;
+            assert_eq!(
+                recycler.recycler.gc.lock().unwrap().above_shrink_pct_count,
+                (i + 1) % max_above_shrink_pct_count
+            );
+            if expected_above_shrink_pct_count == 0 {
+                // Shrink happened, update the expected `current_total_allocated_count`;
+                current_total_allocated_count = std::cmp::max(
+                    ObjectPool::<u64>::get_shrink_target(shrink_pct, current_total_allocated_count),
+                    DEFAULT_MINIMUM_OBJECT_COUNT,
+                );
+                assert_eq!(
+                    recycler.recycler.gc.lock().unwrap().total_allocated_count,
+                    current_total_allocated_count
+                );
+                assert_eq!(
+                    recycler.recycler.gc.lock().unwrap().len(),
+                    current_total_allocated_count as usize
+                );
+            }
+
+            i += 1;
+        }
+    }
 }
diff --git a/perf/src/recycler_cache.rs b/perf/src/recycler_cache.rs
index 5dcf77723090f3..b46875bd0fc6ec 100644
--- a/perf/src/recycler_cache.rs
+++ b/perf/src/recycler_cache.rs
@@ -2,17 +2,24 @@ use crate::cuda_runtime::PinnedVec;
 use crate::recycler::Recycler;
 use crate::sigverify::TxOffset;
 
-#[derive(Default, Clone)]
+#[derive(Clone)]
 pub struct RecyclerCache {
     recycler_offsets: Recycler<TxOffset>,
     recycler_buffer: Recycler<PinnedVec<u8>>,
 }
 
 impl RecyclerCache {
-    pub fn warmed() -> Self {
+    pub fn new(offsets_shrink_name: &'static str, buffer_shrink_name: &'static str) -> Self {
         Self {
-            recycler_offsets: Recycler::warmed(50, 4096),
-            recycler_buffer: Recycler::warmed(50, 4096),
+            recycler_offsets: Recycler::new_without_limit(offsets_shrink_name),
+            recycler_buffer: Recycler::new_without_limit(buffer_shrink_name),
+        }
+    }
+
+    pub fn warmed(offsets_shrink_name: &'static str, buffer_shrink_name: &'static str) -> Self {
+        Self {
+            recycler_offsets: Recycler::warmed(50, 4096, None, offsets_shrink_name),
+            recycler_buffer: Recycler::warmed(50, 4096, None, buffer_shrink_name),
         }
     }
     pub fn offsets(&self) -> &Recycler<TxOffset> {
diff --git a/perf/src/sigverify.rs b/perf/src/sigverify.rs
index 67f32f15c8a821..861d0162f08417 100644
--- a/perf/src/sigverify.rs
+++ b/perf/src/sigverify.rs
@@ -194,13 +194,13 @@ fn get_packet_offsets(packet: &Packet, current_offset: u32) -> PacketOffsets {
 
 pub fn generate_offsets(batches: &[Packets], recycler: &Recycler<TxOffset>) -> TxOffsets {
     debug!("allocating..");
-    let mut signature_offsets: PinnedVec<_> = recycler.allocate("sig_offsets");
+    let mut signature_offsets: PinnedVec<_> = recycler.allocate().unwrap();
     signature_offsets.set_pinnable();
-    let mut pubkey_offsets: PinnedVec<_> = recycler.allocate("pubkey_offsets");
+    let mut pubkey_offsets: PinnedVec<_> = recycler.allocate().unwrap();
     pubkey_offsets.set_pinnable();
-    let mut msg_start_offsets: PinnedVec<_> = recycler.allocate("msg_start_offsets");
+    let mut msg_start_offsets: PinnedVec<_> = recycler.allocate().unwrap();
     msg_start_offsets.set_pinnable();
-    let mut msg_sizes: PinnedVec<_> = recycler.allocate("msg_size_offsets");
+    let mut msg_sizes: PinnedVec<_> = recycler.allocate().unwrap();
     msg_sizes.set_pinnable();
     let mut current_packet = 0;
     let mut v_sig_lens = Vec::new();
@@ -347,7 +347,7 @@ pub fn ed25519_verify(
 
     debug!("CUDA ECDSA for {}", batch_size(batches));
     debug!("allocating out..");
-    let mut out = recycler_out.allocate("out_buffer");
+    let mut out = recycler_out.allocate().unwrap();
     out.set_pinnable();
     let mut elems = Vec::new();
     let mut rvs = Vec::new();
@@ -678,8 +678,8 @@ mod tests {
 
         let batches = generate_packet_vec(&packet, n, 2);
 
-        let recycler = Recycler::default();
-        let recycler_out = Recycler::default();
+        let recycler = Recycler::new_without_limit("");
+        let recycler_out = Recycler::new_without_limit("");
         // verify packets
         let ans = sigverify::ed25519_verify(&batches, &recycler, &recycler_out);
 
@@ -697,8 +697,8 @@ mod tests {
 
         let batches = generate_packet_vec(&packet, 1, 1);
 
-        let recycler = Recycler::default();
-        let recycler_out = Recycler::default();
+        let recycler = Recycler::new_without_limit("");
+        let recycler_out = Recycler::new_without_limit("");
         // verify packets
         let ans = sigverify::ed25519_verify(&batches, &recycler, &recycler_out);
 
@@ -735,8 +735,8 @@ mod tests {
 
         batches[0].packets.push(packet);
 
-        let recycler = Recycler::default();
-        let recycler_out = Recycler::default();
+        let recycler = Recycler::new_without_limit("");
+        let recycler_out = Recycler::new_without_limit("");
         // verify packets
         let ans = sigverify::ed25519_verify(&batches, &recycler, &recycler_out);
 
@@ -755,8 +755,8 @@ mod tests {
         let tx = test_multisig_tx();
         let packet = sigverify::make_packet_from_transaction(tx);
 
-        let recycler = Recycler::default();
-        let recycler_out = Recycler::default();
+        let recycler = Recycler::new_without_limit("");
+        let recycler_out = Recycler::new_without_limit("");
         for _ in 0..50 {
             let n = thread_rng().gen_range(1, 30);
             let num_batches = thread_rng().gen_range(2, 30);
diff --git a/streamer/src/streamer.rs b/streamer/src/streamer.rs
index 926342b8769045..a5d005383d548a 100644
--- a/streamer/src/streamer.rs
+++ b/streamer/src/streamer.rs
@@ -42,7 +42,10 @@ fn recv_loop(
     let mut now = Instant::now();
     let mut num_max_received = 0; // Number of times maximum packets were received
     loop {
-        let mut msgs = Packets::new_with_recycler(recycler.clone(), PACKETS_PER_BATCH, name);
+        let (mut msgs, should_send) =
+            Packets::new_with_recycler(recycler.clone(), PACKETS_PER_BATCH)
+                .map(|allocated| (allocated, true))
+                .unwrap_or((Packets::with_capacity(PACKETS_PER_BATCH), false));
         loop {
             // Check for exit signal, even if socket is busy
             // (for instance the leader transaction socket)
@@ -55,7 +58,7 @@ fn recv_loop(
                 }
                 recv_count += len;
                 call_count += 1;
-                if len > 0 {
+                if len > 0 && should_send {
                     channel.send(msgs)?;
                 }
                 break;
@@ -198,7 +201,13 @@ mod test {
         let send = UdpSocket::bind("127.0.0.1:0").expect("bind");
         let exit = Arc::new(AtomicBool::new(false));
         let (s_reader, r_reader) = channel();
-        let t_receiver = receiver(Arc::new(read), &exit, s_reader, Recycler::default(), "test");
+        let t_receiver = receiver(
+            Arc::new(read),
+            &exit,
+            s_reader,
+            Recycler::new_without_limit(""),
+            "test",
+        );
         let t_responder = {
             let (s_responder, r_responder) = channel();
             let t_responder = responder("streamer_send_test", Arc::new(send), r_responder);