diff --git a/lbry/wallet/ledger.py b/lbry/wallet/ledger.py
index 35c890e6b..c6291c399 100644
--- a/lbry/wallet/ledger.py
+++ b/lbry/wallet/ledger.py
@@ -131,7 +131,7 @@ class Ledger(metaclass=LedgerRegistry):
         self._on_transaction_controller = StreamController()
         self.on_transaction = self._on_transaction_controller.stream
         self.on_transaction.listen(
-            lambda e: log.info(
+            lambda e: log.debug(
                 '(%s) on_transaction: address=%s, height=%s, is_verified=%s, tx.id=%s',
                 self.get_id(), e.address, e.tx.height, e.tx.is_verified, e.tx.id
             )
diff --git a/lbry/wallet/server/leveldb.py b/lbry/wallet/server/leveldb.py
index 3adf8ed44..0e78d6d14 100644
--- a/lbry/wallet/server/leveldb.py
+++ b/lbry/wallet/server/leveldb.py
@@ -74,9 +74,11 @@ class RocksReaderContext:
     def update_state(self):
         tx_counts = array.array("L")
         counts = self.db.get(TX_COUNTS_STATE)
-        if counts:
+        if not counts:
+            self.tx_counts = list(map(unpack_be_uint64, self.db.iterator(prefix=TX_COUNT_PREFIX, include_key=False)))
+        else:
             tx_counts.frombytes(counts)
-        self.tx_counts = tx_counts.tolist()
+            self.tx_counts = tx_counts.tolist()
 
     def ctx_tx_hash(self, tx_num):
         tx_height = bisect_right(self.tx_counts, tx_num)