diff --git a/core/state/intra_block_state.go b/core/state/intra_block_state.go
index 244a9a49326..22cbeabbdd8 100644
--- a/core/state/intra_block_state.go
+++ b/core/state/intra_block_state.go
@@ -362,8 +362,8 @@ func (sdb *IntraBlockState) SetCode(addr libcommon.Address, code []byte) {
 			return
 		}
 
-		hashedBytecode := utils.HashContractBytecode(hex.EncodeToString(code))
-		stateObject.SetCode(libcommon.HexToHash(hashedBytecode), code)
+		hashedBytecode := utils.HashContractBytecodeBigInt(hex.EncodeToString(code))
+		stateObject.SetCode(libcommon.BigToHash(hashedBytecode), code)
 	}
 }
 
diff --git a/smt/pkg/blockinfo/block_info.go b/smt/pkg/blockinfo/block_info.go
index 831d2c73d97..5e435ff5a06 100644
--- a/smt/pkg/blockinfo/block_info.go
+++ b/smt/pkg/blockinfo/block_info.go
@@ -325,8 +325,7 @@ func (b *BlockInfoTree) GenerateBlockTxKeysVals(
 
 		logToEncode := "0x" + hex.EncodeToString(rLog.Data) + reducedTopics
 
-		hash := utils.HashContractBytecode(logToEncode)
-		logEncodedBig := utils.ConvertHexToBigInt(hash)
+		logEncodedBig := utils.HashContractBytecodeBigInt(logToEncode)
 		key, val, err = generateTxLog(txIndexBig, big.NewInt(logIndex), logEncodedBig)
 		if err != nil {
 			return nil, nil, err
diff --git a/smt/pkg/smt/entity_storage.go b/smt/pkg/smt/entity_storage.go
index b64969f6e60..6cb4baaacb8 100644
--- a/smt/pkg/smt/entity_storage.go
+++ b/smt/pkg/smt/entity_storage.go
@@ -375,7 +375,7 @@ func appendToValuesBatchStorageBigInt(valuesBatchStorage []*utils.NodeValue8, va
 
 func convertBytecodeToBigInt(bytecode string) (*big.Int, int, error) {
 	var parsedBytecode string
-	hashedBytecode := utils.HashContractBytecode(bytecode)
+	bi := utils.HashContractBytecodeBigInt(bytecode)
 
 	if strings.HasPrefix(bytecode, "0x") {
 		parsedBytecode = bytecode[2:]
@@ -389,8 +389,6 @@ func convertBytecodeToBigInt(bytecode string) (*big.Int, int, error) {
 
 	bytecodeLength := len(parsedBytecode) / 2
 
-	bi := utils.ConvertHexToBigInt(hashedBytecode)
-
 	if len(bytecode) == 0 {
 		bytecodeLength = 0
 		bi = big.NewInt(0)
diff --git a/smt/pkg/utils/util_test.go b/smt/pkg/utils/util_test.go
index 8b155152a0a..c1f9815bb99 100644
--- a/smt/pkg/utils/util_test.go
+++ b/smt/pkg/utils/util_test.go
@@ -49,6 +49,20 @@ func BenchmarkConvertBigIntToHex(b *testing.B) {
 	}
 }
 
+func BenchmarkHashContractBytecode(b *testing.B) {
+	str := strings.Repeat("e", 1000)
+	b.Run("1", func(b *testing.B) {
+		for n := 0; n < b.N; n++ {
+			HashContractBytecode(str)
+		}
+	})
+	b.Run("2", func(b *testing.B) {
+		for n := 0; n < b.N; n++ {
+			HashContractBytecodeBigInt(str)
+		}
+	})
+}
+
 func TestConvertBigIntToHex(t *testing.T) {
 	testCases := []struct {
 		name     string
diff --git a/smt/pkg/utils/utils.go b/smt/pkg/utils/utils.go
index 84733ba717e..2b723be5749 100644
--- a/smt/pkg/utils/utils.go
+++ b/smt/pkg/utils/utils.go
@@ -674,6 +674,10 @@ func KeyContractStorage(ethAddr []*big.Int, storagePosition string) NodeKey {
 }
 
 func HashContractBytecode(bc string) string {
+	return ConvertBigIntToHex(HashContractBytecodeBigInt(bc))
+}
+
+func HashContractBytecodeBigInt(bc string) *big.Int {
 	bytecode := bc
 
 	if strings.HasPrefix(bc, "0x") {
@@ -700,10 +704,15 @@ func HashContractBytecode(bc string) string {
 	tmpHash := [4]uint64{0, 0, 0, 0}
 	bytesPointer := 0
 
+	maxBytesToAdd := BYTECODE_ELEMENTS_HASH * BYTECODE_BYTES_ELEMENT
+	var elementsToHash []uint64
+	var in [8]uint64
+	var capacity [4]uint64
+	scalar := new(big.Int)
+	tmpScalar := new(big.Int)
+	var byteToAdd string
 	for i := 0; i < numHashes; i++ {
-		maxBytesToAdd := BYTECODE_ELEMENTS_HASH * BYTECODE_BYTES_ELEMENT
-		var elementsToHash []uint64
-		elementsToHash = append(elementsToHash, tmpHash[:]...)
+		elementsToHash = tmpHash[:]
 
 		subsetBytecode := bytecode[bytesPointer : bytesPointer+maxBytesToAdd*2]
 		bytesPointer += maxBytesToAdd * 2
@@ -712,7 +721,7 @@ func HashContractBytecode(bc string) string {
 		counter := 0
 
 		for j := 0; j < maxBytesToAdd; j++ {
-			byteToAdd := "00"
+			byteToAdd = "00"
 			if j < len(subsetBytecode)/2 {
 				byteToAdd = subsetBytecode[j*2 : (j+1)*2]
 			}
@@ -721,23 +730,20 @@ func HashContractBytecode(bc string) string {
 			counter += 1
 
 			if counter == BYTECODE_BYTES_ELEMENT {
-				tmpScalar, _ := new(big.Int).SetString(tmpElem, 16)
+				tmpScalar, _ = scalar.SetString(tmpElem, 16)
 				elementsToHash = append(elementsToHash, tmpScalar.Uint64())
 				tmpElem = ""
 				counter = 0
 			}
 		}
 
-		var in [8]uint64
 		copy(in[:], elementsToHash[4:12])
-
-		var capacity [4]uint64
 		copy(capacity[:], elementsToHash[:4])
 
 		tmpHash = Hash(in, capacity)
 	}
 
-	return ConvertBigIntToHex(ArrayToScalar(tmpHash[:]))
+	return ArrayToScalar(tmpHash[:])
 }
 
 func ResizeHashTo32BytesByPrefixingWithZeroes(hashValue []byte) []byte {
diff --git a/zk/stages/stage_interhashes.go b/zk/stages/stage_interhashes.go
index fe0ab0dbf5d..2b26ffa403a 100644
--- a/zk/stages/stage_interhashes.go
+++ b/zk/stages/stage_interhashes.go
@@ -683,14 +683,13 @@ func processAccount(db smt.DB, a *accounts.Account, as map[string]string, inc ui
 func insertContractBytecodeToKV(db smt.DB, keys []utils.NodeKey, ethAddr string, bytecode string) ([]utils.NodeKey, error) {
 	keyContractCode := utils.KeyContractCode(ethAddr)
 	keyContractLength := utils.KeyContractLength(ethAddr)
-	hashedBytecode := utils.HashContractBytecode(bytecode)
+	bi := utils.HashContractBytecodeBigInt(bytecode)
 
 	parsedBytecode := strings.TrimPrefix(bytecode, "0x")
 	if len(parsedBytecode)%2 != 0 {
 		parsedBytecode = "0" + parsedBytecode
 	}
 
-	bi := utils.ConvertHexToBigInt(hashedBytecode)
 	bytecodeLength := len(parsedBytecode) / 2
 
 	x := utils.ScalarToArrayBig(bi)
diff --git a/zk/tx/tx.go b/zk/tx/tx.go
index e9b7c05dd36..394dcd4b45f 100644
--- a/zk/tx/tx.go
+++ b/zk/tx/tx.go
@@ -505,8 +505,8 @@ func ComputeL2TxHash(
 	}
 	hash += fromPart
 
-	hashed := utils.HashContractBytecode(hash)
-	return common.HexToHash(hashed), nil
+	hashed := utils.HashContractBytecodeBigInt(hash)
+	return common.BigToHash(hashed), nil
 }
 
 var re = regexp.MustCompile("^[0-9a-fA-F]*$")