diff --git a/ui/app/helpers/utils/fetch-with-cache.js b/ui/app/helpers/utils/fetch-with-cache.js
index 351ee4ab9..ca2bbd7f0 100644
--- a/ui/app/helpers/utils/fetch-with-cache.js
+++ b/ui/app/helpers/utils/fetch-with-cache.js
@@ -16,7 +16,6 @@ const fetchWithCache = async (
     fetchOptions.headers = new window.Headers(fetchOptions.headers)
   }
   if (
-    fetchOptions.headers &&
     fetchOptions.headers.has('Content-Type') &&
     fetchOptions.headers.get('Content-Type') !== 'application/json'
   ) {
@@ -24,8 +23,8 @@ const fetchWithCache = async (
   }
 
   const currentTime = Date.now()
-  const cachedFetch = (await getStorageItem('cachedFetch')) || {}
-  const { cachedResponse, cachedTime } = cachedFetch[url] || {}
+  const cacheKey = `cachedFetch:${url}`
+  const { cachedResponse, cachedTime } = (await getStorageItem(cacheKey)) || {}
   if (cachedResponse && currentTime - cachedTime < cacheRefreshTime) {
     return cachedResponse
   }
@@ -48,8 +47,8 @@ const fetchWithCache = async (
     cachedResponse: responseJson,
     cachedTime: currentTime,
   }
-  cachedFetch[url] = cacheEntry
-  await setStorageItem('cachedFetch', cachedFetch)
+
+  await setStorageItem(cacheKey, cacheEntry)
   return responseJson
 }
 
diff --git a/ui/app/helpers/utils/fetch-with-cache.test.js b/ui/app/helpers/utils/fetch-with-cache.test.js
index 43336a85e..3c98cadba 100644
--- a/ui/app/helpers/utils/fetch-with-cache.test.js
+++ b/ui/app/helpers/utils/fetch-with-cache.test.js
@@ -37,10 +37,8 @@ describe('Fetch with cache', function () {
       .reply(200, '{"average": 2}')
 
     fakeStorage.getStorageItem.returns({
-      'https://fetchwithcache.metamask.io/price': {
-        cachedResponse: { average: 1 },
-        cachedTime: Date.now(),
-      },
+      cachedResponse: { average: 1 },
+      cachedTime: Date.now(),
     })
 
     const response = await fetchWithCache(
@@ -57,10 +55,8 @@ describe('Fetch with cache', function () {
       .reply(200, '{"average": 3}')
 
     fakeStorage.getStorageItem.returns({
-      'https://fetchwithcache.metamask.io/cached': {
-        cachedResponse: { average: 1 },
-        cachedTime: Date.now() - 1000,
-      },
+      cachedResponse: { average: 1 },
+      cachedTime: Date.now() - 1000,
     })
 
     const response = await fetchWithCache(
@@ -135,4 +131,43 @@ describe('Fetch with cache', function () {
       { message: 'fetchWithCache only supports JSON responses' },
     )
   })
+
+  it('should correctly cache responses from interwoven requests', async function () {
+    nock('https://fetchwithcache.metamask.io')
+      .get('/foo')
+      .reply(200, '{"average": 9}')
+    nock('https://fetchwithcache.metamask.io')
+      .get('/bar')
+      .reply(200, '{"average": 9}')
+
+    const testCache = {}
+    fakeStorage.getStorageItem.callsFake((key) => testCache[key])
+    fakeStorage.setStorageItem.callsFake((key, value) => {
+      testCache[key] = value
+    })
+
+    await Promise.all([
+      fetchWithCache(
+        'https://fetchwithcache.metamask.io/foo',
+        {},
+        { cacheRefreshTime: 123 },
+      ),
+      fetchWithCache(
+        'https://fetchwithcache.metamask.io/bar',
+        {},
+        { cacheRefreshTime: 123 },
+      ),
+    ])
+
+    assert.deepStrictEqual(
+      testCache['cachedFetch:https://fetchwithcache.metamask.io/foo']
+        .cachedResponse,
+      { average: 9 },
+    )
+    assert.deepStrictEqual(
+      testCache['cachedFetch:https://fetchwithcache.metamask.io/bar']
+        .cachedResponse,
+      { average: 9 },
+    )
+  })
 })