diff --git a/.github/workflows/benchmark.yml b/.github/workflows/benchmark.yml
new file mode 100644
index 0000000..061c84f
--- /dev/null
+++ b/.github/workflows/benchmark.yml
@@ -0,0 +1,56 @@
+name: benchmark
+
+# Manual-only: BenchmarkDotNet runs are too slow and CPU-noisy to gate every PR on. Trigger this on a
+# branch to capture serialization numbers; results are printed in the job log.
+on:
+  workflow_dispatch:
+    inputs:
+      filter:
+        description: "BenchmarkDotNet filter (e.g. '*Serialize*')"
+        required: false
+        default: "*"
+
+concurrency:
+  group: ${{ github.workflow }}-${{ github.ref }}
+  cancel-in-progress: true
+
+jobs:
+  benchmark:
+    runs-on: ubuntu-latest
+    timeout-minutes: 30
+    permissions:
+      contents: read
+      actions: read
+      id-token: write
+    env:
+      DOTNET_CLI_TELEMETRY_OPTOUT: 1
+      DOTNET_SKIP_FIRST_TIME_EXPERIENCE: 1
+      # Bind the workflow input to an env var so it is never interpolated into the run script text
+      # (avoids shell injection); the run steps reference it as a normal, quoted shell variable.
+      FILTER: ${{ inputs.filter }}
+
+    steps:
+    - name: CargoWall
+      uses: code-cargo/cargowall-action@c0bd989036354f795a5150d478fce5bd510586af # v1.3.2-rc.3
+    - name: Checkout
+      uses: actions/checkout@9c091bb21b7c1c1d1991bb908d89e4e9dddfe3e0 # v7.0.0
+      with:
+        persist-credentials: false
+
+    - name: Setup dotnet
+      uses: actions/setup-dotnet@26b0ec14cb23fa6904739307f278c14f94c95bf1 # v5.4.0
+      with:
+        cache: true
+        cache-dependency-path: '**/packages.linux-x64.lock.json'
+        dotnet-version: |
+          8.x
+          10.x
+
+    - name: Serialized size report
+      run: dotnet run -c Release --project util/Benchmarks -f net10.0 -- --sizes
+
+    - name: Benchmarks (net10.0)
+      run: dotnet run -c Release --project util/Benchmarks -f net10.0 -- --filter "${FILTER:-*}"
+
+    - name: Benchmarks (net8.0)
+      run: dotnet run -c Release --project util/Benchmarks -f net8.0 -- --filter "${FILTER:-*}"
diff --git a/.gitignore b/.gitignore
index 8bf07b5..f1dc219 100644
--- a/.gitignore
+++ b/.gitignore
@@ -2,6 +2,9 @@
 [Bb]in/
 [Oo]bj/
 
+# BenchmarkDotNet run output
+BenchmarkDotNet.Artifacts/
+
 # User settings
 *.DotSettings.user
 *.sln.DotSettings
diff --git a/NatsDistributedCache.slnx b/NatsDistributedCache.slnx
index 58c2621..04bc657 100644
--- a/NatsDistributedCache.slnx
+++ b/NatsDistributedCache.slnx
@@ -14,6 +14,7 @@
     <Project Path="test/UnitTests/UnitTests.csproj" />
   </Folder>
   <Folder Name="/util/">
+    <Project Path="util/Benchmarks/Benchmarks.csproj" />
     <Project Path="util/NatsAppHost/NatsAppHost.csproj" />
     <Project Path="util/PerfTest/PerfTest.csproj" />
     <Project Path="util/ReadmeExample/ReadmeExample.csproj" />
diff --git a/util/Benchmarks/BenchmarkData.cs b/util/Benchmarks/BenchmarkData.cs
new file mode 100644
index 0000000..251012a
--- /dev/null
+++ b/util/Benchmarks/BenchmarkData.cs
@@ -0,0 +1,46 @@
+namespace CodeCargo.Nats.DistributedCache.Benchmarks;
+
+/// <summary>
+/// Shared, deterministic sample data for the serialization benchmarks and the size report.
+/// </summary>
+internal static class BenchmarkData
+{
+    /// <summary>
+    /// Gets a fixed absolute-expiration instant. A constant is used so the benchmark is reproducible and
+    /// does not depend on the wall clock.
+    /// </summary>
+    public static DateTimeOffset AbsoluteExpiration { get; } = new(2030, 1, 1, 0, 0, 0, TimeSpan.Zero);
+
+    /// <summary>
+    /// Gets the sliding-expiration window expressed in ticks.
+    /// </summary>
+    public static long SlidingExpirationTicks { get; } = TimeSpan.FromMinutes(10).Ticks;
+
+    /// <summary>
+    /// Builds a deterministic payload of the requested size.
+    /// </summary>
+    /// <param name="size">Payload size in bytes.</param>
+    /// <returns>The payload bytes.</returns>
+    public static byte[] CreatePayload(int size)
+    {
+        var payload = new byte[size];
+        for (var i = 0; i < payload.Length; i++)
+        {
+            payload[i] = (byte)(i & 0xFF);
+        }
+
+        return payload;
+    }
+
+    /// <summary>
+    /// Builds a JSON envelope with a payload of the requested size.
+    /// </summary>
+    /// <param name="size">Payload size in bytes.</param>
+    /// <returns>The populated <see cref="JsonCacheEntry"/>.</returns>
+    public static JsonCacheEntry CreateJsonEntry(int size) => new()
+    {
+        AbsoluteExpiration = AbsoluteExpiration,
+        SlidingExpirationTicks = SlidingExpirationTicks,
+        Data = CreatePayload(size),
+    };
+}
diff --git a/util/Benchmarks/Benchmarks.csproj b/util/Benchmarks/Benchmarks.csproj
new file mode 100644
index 0000000..1be2806
--- /dev/null
+++ b/util/Benchmarks/Benchmarks.csproj
@@ -0,0 +1,17 @@
+<Project Sdk="Microsoft.NET.Sdk">
+
+  <PropertyGroup>
+    <IsPackable>false</IsPackable>
+    <OutputType>Exe</OutputType>
+    <RootNamespace>CodeCargo.Nats.DistributedCache.Benchmarks</RootNamespace>
+  </PropertyGroup>
+
+  <ItemGroup>
+    <PackageReference Include="BenchmarkDotNet" Version="0.15.8" />
+  </ItemGroup>
+
+  <ItemGroup>
+    <ProjectReference Include="..\..\src\NatsDistributedCache\NatsDistributedCache.csproj" />
+  </ItemGroup>
+
+</Project>
diff --git a/util/Benchmarks/CacheEntrySerializationBenchmarks.cs b/util/Benchmarks/CacheEntrySerializationBenchmarks.cs
new file mode 100644
index 0000000..2c5db6e
--- /dev/null
+++ b/util/Benchmarks/CacheEntrySerializationBenchmarks.cs
@@ -0,0 +1,65 @@
+using System.Buffers;
+using BenchmarkDotNet.Attributes;
+using NATS.Client.Core;
+
+namespace CodeCargo.Nats.DistributedCache.Benchmarks;
+
+/// <summary>
+/// Baseline serialization benchmarks for the cache envelope. This measures the current
+/// JSON+base64 envelope; issue #37 adds a compact binary format and the head-to-head comparison.
+/// <c>MemoryDiagnoser</c> reports per-operation allocations; the <c>--sizes</c> report
+/// (see <see cref="SizeReport"/>) shows the stored byte counts.
+/// </summary>
+[MemoryDiagnoser]
+public class CacheEntrySerializationBenchmarks
+{
+    private static readonly NatsJsonContextSerializer<JsonCacheEntry> JsonEnvelopeSerializer =
+        new(BenchmarkJsonContext.Default);
+
+    private readonly ArrayBufferWriter<byte> _writer = new();
+
+    private JsonCacheEntry _jsonEntry = null!;
+    private ReadOnlySequence<byte> _jsonBytes;
+
+    /// <summary>
+    /// Gets or sets the size, in bytes, of the cached payload under test.
+    /// </summary>
+    [Params(128, 1024, 8192, 65536, 262144)]
+    public int PayloadSize { get; set; }
+
+    /// <summary>
+    /// Builds the sample entry and pre-serialized buffer used by the benchmarks.
+    /// </summary>
+    [GlobalSetup]
+    public void Setup()
+    {
+        _jsonEntry = BenchmarkData.CreateJsonEntry(PayloadSize);
+        _jsonBytes = ToSequence(JsonEnvelopeSerializer, _jsonEntry);
+    }
+
+    /// <summary>
+    /// Serializes the entry using the JSON envelope.
+    /// </summary>
+    /// <returns>The number of bytes written.</returns>
+    [Benchmark]
+    public int Json_Serialize()
+    {
+        _writer.Clear();
+        JsonEnvelopeSerializer.Serialize(_writer, _jsonEntry);
+        return _writer.WrittenCount;
+    }
+
+    /// <summary>
+    /// Deserializes a JSON envelope.
+    /// </summary>
+    /// <returns>The decoded entry.</returns>
+    [Benchmark]
+    public JsonCacheEntry? Json_Deserialize() => JsonEnvelopeSerializer.Deserialize(_jsonBytes);
+
+    private static ReadOnlySequence<byte> ToSequence<T>(INatsSerialize<T> serializer, T value)
+    {
+        var writer = new ArrayBufferWriter<byte>();
+        serializer.Serialize(writer, value);
+        return new ReadOnlySequence<byte>(writer.WrittenMemory.ToArray());
+    }
+}
diff --git a/util/Benchmarks/JsonCacheEntry.cs b/util/Benchmarks/JsonCacheEntry.cs
new file mode 100644
index 0000000..48bfc9f
--- /dev/null
+++ b/util/Benchmarks/JsonCacheEntry.cs
@@ -0,0 +1,28 @@
+using System.Text.Json.Serialization;
+
+namespace CodeCargo.Nats.DistributedCache.Benchmarks;
+
+/// <summary>
+/// Mirror of the legacy JSON cache envelope — property names and types identical to the pre-#37
+/// <c>CacheEntry</c>. It lives in the benchmark project so the JSON baseline stays frozen regardless of
+/// later changes to the production type.
+/// </summary>
+public sealed class JsonCacheEntry
+{
+    [JsonPropertyName("absexp")]
+    public DateTimeOffset? AbsoluteExpiration { get; set; }
+
+    [JsonPropertyName("sldexp")]
+    public long? SlidingExpirationTicks { get; set; }
+
+    [JsonPropertyName("data")]
+    public byte[]? Data { get; set; }
+}
+
+/// <summary>
+/// Source-generated JSON context for <see cref="JsonCacheEntry"/>, matching the production serializer setup.
+/// </summary>
+[JsonSerializable(typeof(JsonCacheEntry))]
+public partial class BenchmarkJsonContext : JsonSerializerContext
+{
+}
diff --git a/util/Benchmarks/Program.cs b/util/Benchmarks/Program.cs
new file mode 100644
index 0000000..025150d
--- /dev/null
+++ b/util/Benchmarks/Program.cs
@@ -0,0 +1,12 @@
+using BenchmarkDotNet.Running;
+using CodeCargo.Nats.DistributedCache.Benchmarks;
+
+// `--sizes` prints the serialized-size comparison table and exits; anything else is handed to
+// BenchmarkDotNet (e.g. `--filter *Serialize*`).
+if (args.Contains("--sizes"))
+{
+    SizeReport.Print();
+    return;
+}
+
+BenchmarkSwitcher.FromAssembly(typeof(CacheEntrySerializationBenchmarks).Assembly).Run(args);
diff --git a/util/Benchmarks/README.md b/util/Benchmarks/README.md
new file mode 100644
index 0000000..5e9ce0e
--- /dev/null
+++ b/util/Benchmarks/README.md
@@ -0,0 +1,43 @@
+# Benchmarks
+
+Micro-benchmarks for the `NatsCache` value envelope — the framing that wraps every cached payload
+together with its expiration metadata before it is stored in NATS KV.
+
+Today this measures the **JSON** envelope (payload base64-encoded inside a JSON object), establishing a
+baseline. Issue #37 replaces it with a compact binary framing and extends these benchmarks with a
+`Binary` variant for a side-by-side comparison.
+
+These are in-memory serialize/deserialize benchmarks — **no NATS server or Docker required**.
+
+## Run
+
+Serialized-size comparison (fast, deterministic):
+
+```bash
+dotnet run -c Release --project util/Benchmarks -f net10.0 -- --sizes
+```
+
+Timing + allocation benchmarks (BenchmarkDotNet, `MemoryDiagnoser`):
+
+```bash
+# net10.0
+dotnet run -c Release --project util/Benchmarks -f net10.0 -- --filter '*'
+
+# net8.0
+dotnet run -c Release --project util/Benchmarks -f net8.0 -- --filter '*'
+```
+
+Filter to a subset, e.g. only serialize benchmarks:
+
+```bash
+dotnet run -c Release --project util/Benchmarks -f net10.0 -- --filter '*_Serialize'
+```
+
+## What is measured
+
+`CacheEntrySerializationBenchmarks` runs `Json_Serialize` / `Json_Deserialize` across
+`[Params(128, 1024, 8192, 65536, 262144)]` payload sizes (128 B up to 256 KiB — the practical range
+for a NATS-backed cache, whose default `max_payload` is 1 MB). `MemoryDiagnoser` reports `Allocated`
+and `Gen0`; the `--sizes` report shows the stored byte counts.
+
+The JSON baseline is defined locally (`JsonCacheEntry`) so it stays fixed as the library evolves.
diff --git a/util/Benchmarks/SizeReport.cs b/util/Benchmarks/SizeReport.cs
new file mode 100644
index 0000000..ade64e4
--- /dev/null
+++ b/util/Benchmarks/SizeReport.cs
@@ -0,0 +1,39 @@
+using System.Buffers;
+using NATS.Client.Core;
+
+namespace CodeCargo.Nats.DistributedCache.Benchmarks;
+
+/// <summary>
+/// Prints the serialized envelope size (in bytes) of the JSON format for each payload size, so the
+/// stored size can be inspected without running the full timing benchmarks. Issue #37 extends this
+/// with the binary format for a side-by-side comparison.
+/// </summary>
+internal static class SizeReport
+{
+    private static readonly int[] PayloadSizes = [128, 1024, 8192, 65536, 262144];
+
+    /// <summary>
+    /// Writes the size table to the console.
+    /// </summary>
+    public static void Print()
+    {
+        var jsonSerializer = new NatsJsonContextSerializer<JsonCacheEntry>(BenchmarkJsonContext.Default);
+
+        Console.WriteLine("Stored envelope size (bytes) — absolute + sliding expiration set");
+        Console.WriteLine($"{"Payload",10} {"JSON",10}");
+        Console.WriteLine(new string('-', 22));
+
+        foreach (var size in PayloadSizes)
+        {
+            var jsonSize = Measure(jsonSerializer, BenchmarkData.CreateJsonEntry(size));
+            Console.WriteLine($"{size,10} {jsonSize,10}");
+        }
+    }
+
+    private static int Measure<T>(INatsSerialize<T> serializer, T value)
+    {
+        var writer = new ArrayBufferWriter<byte>();
+        serializer.Serialize(writer, value);
+        return writer.WrittenCount;
+    }
+}
diff --git a/util/Benchmarks/packages.linux-arm64.lock.json b/util/Benchmarks/packages.linux-arm64.lock.json
new file mode 100644
index 0000000..ae060cc
--- /dev/null
+++ b/util/Benchmarks/packages.linux-arm64.lock.json
@@ -0,0 +1,502 @@
+{
+  "version": 1,
+  "dependencies": {
+    "net10.0": {
+      "BenchmarkDotNet": {
+        "type": "Direct",
+        "requested": "[0.15.8, )",
+        "resolved": "0.15.8",
+        "contentHash": "paCfrWxSeHqn3rUZc0spYXVFnHCF0nzRhG0nOLnyTjZYs8spsimBaaNmb3vwqvALKIplbYq/TF393vYiYSnh/Q==",
+        "dependencies": {
+          "BenchmarkDotNet.Annotations": "0.15.8",
+          "CommandLineParser": "2.9.1",
+          "Gee.External.Capstone": "2.3.0",
+          "Iced": "1.21.0",
+          "Microsoft.CodeAnalysis.CSharp": "4.14.0",
+          "Microsoft.Diagnostics.Runtime": "3.1.512801",
+          "Microsoft.Diagnostics.Tracing.TraceEvent": "3.1.21",
+          "Microsoft.DotNet.PlatformAbstractions": "3.1.6",
+          "Perfolizer": "[0.6.1]",
+          "System.Management": "9.0.5"
+        }
+      },
+      "StyleCop.Analyzers": {
+        "type": "Direct",
+        "requested": "[1.2.0-beta.556, )",
+        "resolved": "1.2.0-beta.556",
+        "contentHash": "llRPgmA1fhC0I0QyFLEcjvtM2239QzKr/tcnbsjArLMJxJlu0AA5G7Fft0OI30pHF3MW63Gf4aSSsjc5m82J1Q==",
+        "dependencies": {
+          "StyleCop.Analyzers.Unstable": "1.2.0.556"
+        }
+      },
+      "BenchmarkDotNet.Annotations": {
+        "type": "Transitive",
+        "resolved": "0.15.8",
+        "contentHash": "hfucY0ycAsB0SsoaZcaAp9oq5wlWBJcylvEJb9pmvdYUx6PD6S4mDiYnZWjdjAlLhIpe/xtGCwzORfzAzPqvzA=="
+      },
+      "CommandLineParser": {
+        "type": "Transitive",
+        "resolved": "2.9.1",
+        "contentHash": "OE0sl1/sQ37bjVsPKKtwQlWDgqaxWgtme3xZz7JssWUzg5JpMIyHgCTY9MVMxOg48fJ1AgGT3tgdH5m/kQ5xhA=="
+      },
+      "Gee.External.Capstone": {
+        "type": "Transitive",
+        "resolved": "2.3.0",
+        "contentHash": "2ap/rYmjtzCOT8hxrnEW/QeiOt+paD8iRrIcdKX0cxVwWLFa1e+JDBNeECakmccXrSFeBQuu5AV8SNkipFMMMw=="
+      },
+      "Iced": {
+        "type": "Transitive",
+        "resolved": "1.21.0",
+        "contentHash": "dv5+81Q1TBQvVMSOOOmRcjJmvWcX3BZPZsIq31+RLc5cNft0IHAyNlkdb7ZarOWG913PyBoFDsDXoCIlKmLclg=="
+      },
+      "Microsoft.CodeAnalysis.Analyzers": {
+        "type": "Transitive",
+        "resolved": "3.11.0",
+        "contentHash": "v/EW3UE8/lbEYHoC2Qq7AR/DnmvpgdtAMndfQNmpuIMx/Mto8L5JnuCfdBYtgvalQOtfNCnxFejxuRrryvUTsg=="
+      },
+      "Microsoft.CodeAnalysis.Common": {
+        "type": "Transitive",
+        "resolved": "4.14.0",
+        "contentHash": "PC3tuwZYnC+idaPuoC/AZpEdwrtX7qFpmnrfQkgobGIWiYmGi5MCRtl5mx6QrfMGQpK78X2lfIEoZDLg/qnuHg==",
+        "dependencies": {
+          "Microsoft.CodeAnalysis.Analyzers": "3.11.0"
+        }
+      },
+      "Microsoft.CodeAnalysis.CSharp": {
+        "type": "Transitive",
+        "resolved": "4.14.0",
+        "contentHash": "568a6wcTivauIhbeWcCwfWwIn7UV7MeHEBvFB2uzGIpM2OhJ4eM/FZ8KS0yhPoNxnSpjGzz7x7CIjTxhslojQA==",
+        "dependencies": {
+          "Microsoft.CodeAnalysis.Analyzers": "3.11.0",
+          "Microsoft.CodeAnalysis.Common": "[4.14.0]"
+        }
+      },
+      "Microsoft.Diagnostics.NETCore.Client": {
+        "type": "Transitive",
+        "resolved": "0.2.510501",
+        "contentHash": "juoqJYMDs+lRrrZyOkXXMImJHneCF23cuvO4waFRd2Ds7j+ZuGIPbJm0Y/zz34BdeaGiiwGWraMUlln05W1PCQ==",
+        "dependencies": {
+          "Microsoft.Extensions.Logging": "6.0.0"
+        }
+      },
+      "Microsoft.Diagnostics.Runtime": {
+        "type": "Transitive",
+        "resolved": "3.1.512801",
+        "contentHash": "0lMUDr2oxNZa28D6NH5BuSQEe5T9tZziIkvkD44YkkCGQXPJqvFjLq5ZQq1hYLl3RjQJrY+hR0jFgap+EWPDTw==",
+        "dependencies": {
+          "Microsoft.Diagnostics.NETCore.Client": "0.2.410101"
+        }
+      },
+      "Microsoft.Diagnostics.Tracing.TraceEvent": {
+        "type": "Transitive",
+        "resolved": "3.1.21",
+        "contentHash": "/OrJFKaojSR6TkUKtwh8/qA9XWNtxLrXMqvEb89dBSKCWjaGVTbKMYodIUgF5deCEtmd6GXuRerciXGl5bhZ7Q==",
+        "dependencies": {
+          "Microsoft.Diagnostics.NETCore.Client": "0.2.510501",
+          "System.Reflection.TypeExtensions": "4.7.0"
+        }
+      },
+      "Microsoft.DotNet.PlatformAbstractions": {
+        "type": "Transitive",
+        "resolved": "3.1.6",
+        "contentHash": "jek4XYaQ/PGUwDKKhwR8K47Uh1189PFzMeLqO83mXrXQVIpARZCcfuDedH50YDTepBkfijCZN5U/vZi++erxtg=="
+      },
+      "Microsoft.Extensions.Caching.Abstractions": {
+        "type": "Transitive",
+        "resolved": "10.0.9",
+        "contentHash": "5fGxcw2vuYp8s0wio9H1ECiuk4iKSdTIlNuigdLIrkhg+5XAwgFVDB/5Ots3pfN/QhABLYXutA79JFtnUKDSHA==",
+        "dependencies": {
+          "Microsoft.Extensions.Primitives": "10.0.9"
+        }
+      },
+      "Microsoft.Extensions.DependencyInjection": {
+        "type": "Transitive",
+        "resolved": "6.0.0",
+        "contentHash": "k6PWQMuoBDGGHOQTtyois2u4AwyVcIwL2LaSLlTZQm2CYcJ1pxbt6jfAnpWmzENA/wfrYRI/X9DTLoUkE4AsLw==",
+        "dependencies": {
+          "Microsoft.Extensions.DependencyInjection.Abstractions": "6.0.0"
+        }
+      },
+      "Microsoft.Extensions.DependencyInjection.Abstractions": {
+        "type": "Transitive",
+        "resolved": "10.0.9",
+        "contentHash": "g41l/30G3K4B/d/L8kjux0+30e27c8D0FVQ/PFCpbekgfDpj9mnDhieP67EqXWvl1EWNeZh2rpR4F5B/jcDOHA=="
+      },
+      "Microsoft.Extensions.Logging": {
+        "type": "Transitive",
+        "resolved": "6.0.0",
+        "contentHash": "eIbyj40QDg1NDz0HBW0S5f3wrLVnKWnDJ/JtZ+yJDFnDj90VoPuoPmFkeaXrtu+0cKm5GRAwoDf+dBWXK0TUdg==",
+        "dependencies": {
+          "Microsoft.Extensions.DependencyInjection": "6.0.0",
+          "Microsoft.Extensions.DependencyInjection.Abstractions": "6.0.0",
+          "Microsoft.Extensions.Logging.Abstractions": "6.0.0",
+          "Microsoft.Extensions.Options": "6.0.0"
+        }
+      },
+      "Microsoft.Extensions.Logging.Abstractions": {
+        "type": "Transitive",
+        "resolved": "10.0.9",
+        "contentHash": "9S/DFt4cohlMPpzIxjG6kk0L8MuN2vDm9pbMCulxtJzzk82oJHVLBd8vuQxaPskaYQwKqmFmbannf5eoChgjYg==",
+        "dependencies": {
+          "Microsoft.Extensions.DependencyInjection.Abstractions": "10.0.9"
+        }
+      },
+      "Microsoft.Extensions.Options": {
+        "type": "Transitive",
+        "resolved": "10.0.9",
+        "contentHash": "hyNdX4c2UwkRkzb9byw0H2DQkRzwBM3mzY2sCM9egwzTyg8dvQJmp5noQHGEaaCORQrNK3DD2gREBsc2DlXS4A==",
+        "dependencies": {
+          "Microsoft.Extensions.DependencyInjection.Abstractions": "10.0.9",
+          "Microsoft.Extensions.Primitives": "10.0.9"
+        }
+      },
+      "Microsoft.Extensions.Primitives": {
+        "type": "Transitive",
+        "resolved": "10.0.9",
+        "contentHash": "fmEbAUFsaIKirgLt/lYhuFRBwhcSJN31jjHgCdbQxJiWOum6EdLjkbgGuukSP9z/a+9LibaxII/kF+GwOXgC4g=="
+      },
+      "NATS.Client.Abstractions": {
+        "type": "Transitive",
+        "resolved": "2.8.2",
+        "contentHash": "yzYxLYvNaVy4p1Pxm0q2RtVmHi1Ijzdl0Hnw4E4sT0KWhVYQuOCF7PiuJ1EHR/0yBEwKfPjzpl6cS4A/2NdsTA=="
+      },
+      "NATS.Client.Core": {
+        "type": "Transitive",
+        "resolved": "2.8.2",
+        "contentHash": "w3ijnp07CrILhYp2Hkyi1u8hNN9czdhwYGxTf9bi23jMEQoYh7X3y1NDA2VkQW3UAq7bYMq3hr403wCdzj+YaA==",
+        "dependencies": {
+          "Microsoft.Extensions.Logging.Abstractions": "6.0.1",
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\ No newline at end of file
diff --git a/util/Benchmarks/packages.linux-x64.lock.json b/util/Benchmarks/packages.linux-x64.lock.json
new file mode 100644
index 0000000..ae060cc
--- /dev/null
+++ b/util/Benchmarks/packages.linux-x64.lock.json
@@ -0,0 +1,502 @@
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\ No newline at end of file
diff --git a/util/Benchmarks/packages.osx-arm64.lock.json b/util/Benchmarks/packages.osx-arm64.lock.json
new file mode 100644
index 0000000..ae060cc
--- /dev/null
+++ b/util/Benchmarks/packages.osx-arm64.lock.json
@@ -0,0 +1,502 @@
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\ No newline at end of file
diff --git a/util/Benchmarks/packages.win-x64.lock.json b/util/Benchmarks/packages.win-x64.lock.json
new file mode 100644
index 0000000..ae060cc
--- /dev/null
+++ b/util/Benchmarks/packages.win-x64.lock.json
@@ -0,0 +1,502 @@
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+      "CodeCargo.Nats.DistributedCache": {
+        "type": "Project",
+        "dependencies": {
+          "Microsoft.Extensions.Caching.Abstractions": "[10.0.9, )",
+          "Microsoft.Extensions.Logging.Abstractions": "[10.0.9, )",
+          "Microsoft.Extensions.Options": "[10.0.9, )",
+          "NATS.Client.KeyValueStore": "[2.8.2, )"
+        }
+      }
+    }
+  }
+}
\ No newline at end of file
diff --git a/util/PerfTest/PerfTest.cs b/util/PerfTest/PerfTest.cs
index 1b3f9f1..65b8d36 100644
--- a/util/PerfTest/PerfTest.cs
+++ b/util/PerfTest/PerfTest.cs
@@ -7,7 +7,11 @@ namespace CodeCargo.Nats.DistributedCache.PerfTest;
 public class PerfTest
 {
     private const int NumKeys = 20_000;
-    private const int ValueSizeBytes = 128;
+    private const int DefaultValueSizeBytes = 128;
+
+    // Payload size in bytes; override with the PERF_VALUE_SIZE_BYTES env var to exercise larger values
+    // (where the base64 inflation of the old JSON envelope was most pronounced).
+    private static readonly int ValueSizeBytes = GetValueSizeBytes();
     private static readonly int ParallelTasks = Environment.ProcessorCount;
     private static readonly TimeSpan ProgressUpdateInterval = TimeSpan.FromMilliseconds(250);
 
@@ -51,6 +55,12 @@ public async Task Run(string backendName, CancellationToken ct)
         PrintResults();
     }
 
+    private static int GetValueSizeBytes()
+    {
+        var raw = Environment.GetEnvironmentVariable("PERF_VALUE_SIZE_BYTES");
+        return int.TryParse(raw, out var size) && size > 0 ? size : DefaultValueSizeBytes;
+    }
+
     private async Task<TimeSpan> SetWithAbsoluteExpiry(string key, CancellationToken ct)
     {
         using var sw = StopwatchPool.Rent();
@@ -207,7 +217,7 @@ private void PrintResults(bool clearScreen = false)
         // Print backend information
         if (!string.IsNullOrEmpty(_backendName))
         {
-            Console.WriteLine($"Backend: {_backendName}");
+            Console.WriteLine($"Backend: {_backendName}  (value size: {ValueSizeBytes} bytes)");
         }
 
         // Print header