diff --git a/app/controllers/api/v1/trends/tags_controller.rb b/app/controllers/api/v1/trends/tags_controller.rb
index b15dd50131..10a3442344 100644
--- a/app/controllers/api/v1/trends/tags_controller.rb
+++ b/app/controllers/api/v1/trends/tags_controller.rb
@@ -27,7 +27,9 @@ class Api::V1::Trends::TagsController < Api::BaseController
   end
 
   def tags_from_trends
-    Trends.tags.query.allowed
+    scope = Trends.tags.query.allowed.in_locale(content_locale)
+    scope = scope.filtered_for(current_account) if user_signed_in?
+    scope
   end
 
   def next_path
diff --git a/app/models/tag.rb b/app/models/tag.rb
index 67fa9e5d3a..c9115b905b 100644
--- a/app/models/tag.rb
+++ b/app/models/tag.rb
@@ -32,6 +32,8 @@ class Tag < ApplicationRecord
   has_many :featured_tags, dependent: :destroy, inverse_of: :tag
   has_many :followers, through: :passive_relationships, source: :account
 
+  has_one :trend, class_name: 'TagTrend', inverse_of: :tag, dependent: :destroy
+
   HASHTAG_SEPARATORS = "_\u00B7\u30FB\u200c"
   HASHTAG_FIRST_SEQUENCE_CHUNK_ONE = "[[:word:]_][[:word:]#{HASHTAG_SEPARATORS}]*[[:alpha:]#{HASHTAG_SEPARATORS}]"
   HASHTAG_FIRST_SEQUENCE_CHUNK_TWO = "[[:word:]#{HASHTAG_SEPARATORS}]*[[:word:]_]"
diff --git a/app/models/tag_trend.rb b/app/models/tag_trend.rb
new file mode 100644
index 0000000000..85a9028f21
--- /dev/null
+++ b/app/models/tag_trend.rb
@@ -0,0 +1,21 @@
+# frozen_string_literal: true
+
+# == Schema Information
+#
+# Table name: tag_trends
+#
+#  id       :bigint(8)        not null, primary key
+#  tag_id   :bigint(8)        not null
+#  score    :float            default(0.0), not null
+#  rank     :integer          default(0), not null
+#  allowed  :boolean          default(FALSE), not null
+#  language :string
+#
+class TagTrend < ApplicationRecord
+  include RankedTrend
+
+  belongs_to :tag
+
+  scope :allowed, -> { where(allowed: true) }
+  scope :not_allowed, -> { where(allowed: false) }
+end
diff --git a/app/models/trends/base.rb b/app/models/trends/base.rb
index a189f11f23..1e7749e4b1 100644
--- a/app/models/trends/base.rb
+++ b/app/models/trends/base.rb
@@ -34,19 +34,7 @@ class Trends::Base
   end
 
   def query
-    Trends::Query.new(key_prefix, klass)
-  end
-
-  def score(id, locale: nil)
-    redis.zscore([key_prefix, 'all', locale].compact.join(':'), id) || 0
-  end
-
-  def rank(id, locale: nil)
-    redis.zrevrank([key_prefix, 'allowed', locale].compact.join(':'), id)
-  end
-
-  def currently_trending_ids(allowed, limit)
-    redis.zrevrange(allowed ? "#{key_prefix}:allowed" : "#{key_prefix}:all", 0, limit.positive? ? limit - 1 : limit).map(&:to_i)
+    Trends::Query.new(klass)
   end
 
   protected
@@ -64,42 +52,9 @@ class Trends::Base
     redis.expire(used_key(at_time), 1.day.seconds)
   end
 
-  def score_at_rank(rank)
-    redis.zrevrange("#{key_prefix}:allowed", 0, rank, with_scores: true).last&.last || 0
-  end
-
-  def replace_items(suffix, items)
-    tmp_prefix    = "#{key_prefix}:tmp:#{SecureRandom.alphanumeric(6)}#{suffix}"
-    allowed_items = filter_for_allowed_items(items)
-
-    redis.pipelined do |pipeline|
-      items.each { |item| pipeline.zadd("#{tmp_prefix}:all", item[:score], item[:item].id) }
-      allowed_items.each { |item| pipeline.zadd("#{tmp_prefix}:allowed", item[:score], item[:item].id) }
-
-      rename_set(pipeline, "#{tmp_prefix}:all", "#{key_prefix}:all#{suffix}", items)
-      rename_set(pipeline, "#{tmp_prefix}:allowed", "#{key_prefix}:allowed#{suffix}", allowed_items)
-    end
-  end
-
-  def filter_for_allowed_items(items)
-    raise NotImplementedError
-  end
-
   private
 
   def used_key(at_time)
     "#{key_prefix}:used:#{at_time.beginning_of_day.to_i}"
   end
-
-  def rename_set(pipeline, from_key, to_key, set_items)
-    if set_items.empty?
-      pipeline.del(to_key)
-    else
-      pipeline.rename(from_key, to_key)
-    end
-  end
-
-  def skip_review?
-    Setting.trendable_by_default
-  end
 end
diff --git a/app/models/trends/links.rb b/app/models/trends/links.rb
index 9d721d25f8..0f3ead43f8 100644
--- a/app/models/trends/links.rb
+++ b/app/models/trends/links.rb
@@ -14,15 +14,6 @@ class Trends::Links < Trends::Base
   }
 
   class Query < Trends::Query
-    def filtered_for!(account)
-      @account = account
-      self
-    end
-
-    def filtered_for(account)
-      clone.filtered_for!(account)
-    end
-
     def to_arel
       scope = PreviewCard.joins(:trend).reorder(score: :desc)
       scope = scope.reorder(language_order_clause.desc, score: :desc) if preferred_languages.present?
@@ -37,14 +28,6 @@ class Trends::Links < Trends::Base
     def language_order_clause
       Arel::Nodes::Case.new.when(PreviewCardTrend.arel_table[:language].in(preferred_languages)).then(1).else(0)
     end
-
-    def preferred_languages
-      if @account&.chosen_languages.present?
-        @account.chosen_languages
-      else
-        @locale
-      end
-    end
   end
 
   def register(status, at_time = Time.now.utc)
diff --git a/app/models/trends/query.rb b/app/models/trends/query.rb
index c4edbba6b8..590e81f4fd 100644
--- a/app/models/trends/query.rb
+++ b/app/models/trends/query.rb
@@ -1,19 +1,18 @@
 # frozen_string_literal: true
 
 class Trends::Query
-  include Redisable
   include Enumerable
 
-  attr_reader :prefix, :klass, :loaded
+  attr_reader :klass, :loaded
 
   alias loaded? loaded
 
-  def initialize(prefix, klass)
-    @prefix  = prefix
+  def initialize(_prefix, klass)
     @klass   = klass
     @records = []
     @loaded  = false
     @allowed = false
+    @account = nil
     @limit   = nil
     @offset  = nil
   end
@@ -27,6 +26,15 @@ class Trends::Query
     clone.allowed!
   end
 
+  def filtered_for!(account)
+    @account = account
+    self
+  end
+
+  def filtered_for(account)
+    clone.filtered_for!(account)
+  end
+
   def in_locale!(value)
     @locale = value
     self
@@ -68,22 +76,11 @@ class Trends::Query
   alias to_a to_ary
 
   def to_arel
-    if ids_for_key.empty?
-      klass.none
-    else
-      scope = klass.joins(sanitized_join_sql).reorder('x.ordering')
-      scope = scope.offset(@offset) if @offset.present?
-      scope = scope.limit(@limit) if @limit.present?
-      scope
-    end
+    raise NotImplementedError
   end
 
   private
 
-  def key
-    [@prefix, @allowed ? 'allowed' : 'all', @locale].compact.join(':')
-  end
-
   def load
     unless loaded?
       @records = perform_queries
@@ -93,29 +90,15 @@ class Trends::Query
     self
   end
 
-  def ids_for_key
-    @ids_for_key ||= redis.zrevrange(key, 0, -1).map(&:to_i)
-  end
-
-  def sanitized_join_sql
-    ActiveRecord::Base.sanitize_sql_array(join_sql_array)
-  end
-
-  def join_sql_array
-    [join_sql_query, ids_for_key]
-  end
-
-  def join_sql_query
-    <<~SQL.squish
-      JOIN unnest(array[?]) WITH ordinality AS x (id, ordering) ON #{klass.table_name}.id = x.id
-    SQL
-  end
-
   def perform_queries
-    apply_scopes(to_arel).to_a
+    to_arel.to_a
   end
 
-  def apply_scopes(scope)
-    scope
+  def preferred_languages
+    if @account&.chosen_languages.present?
+      @account.chosen_languages
+    else
+      @locale
+    end
   end
 end
diff --git a/app/models/trends/statuses.rb b/app/models/trends/statuses.rb
index cdf5929069..1d2f02809b 100644
--- a/app/models/trends/statuses.rb
+++ b/app/models/trends/statuses.rb
@@ -13,15 +13,6 @@ class Trends::Statuses < Trends::Base
   }
 
   class Query < Trends::Query
-    def filtered_for!(account)
-      @account = account
-      self
-    end
-
-    def filtered_for(account)
-      clone.filtered_for!(account)
-    end
-
     def to_arel
       scope = Status.joins(:trend).reorder(score: :desc)
       scope = scope.reorder(language_order_clause.desc, score: :desc) if preferred_languages.present?
@@ -37,14 +28,6 @@ class Trends::Statuses < Trends::Base
     def language_order_clause
       Arel::Nodes::Case.new.when(StatusTrend.arel_table[:language].in(preferred_languages)).then(1).else(0)
     end
-
-    def preferred_languages
-      if @account&.chosen_languages.present?
-        @account.chosen_languages
-      else
-        @locale
-      end
-    end
   end
 
   def register(status, at_time = Time.now.utc)
diff --git a/app/models/trends/tag_filter.rb b/app/models/trends/tag_filter.rb
index d6f88a9486..02d558ac25 100644
--- a/app/models/trends/tag_filter.rb
+++ b/app/models/trends/tag_filter.rb
@@ -6,6 +6,8 @@ class Trends::TagFilter
     status
   ).freeze
 
+  IGNORED_PARAMS = %w(page).freeze
+
   attr_reader :params
 
   def initialize(params)
@@ -13,14 +15,10 @@ class Trends::TagFilter
   end
 
   def results
-    scope = if params[:status] == 'pending_review'
-              Tag.unscoped.order(id: :desc)
-            else
-              trending_scope
-            end
+    scope = initial_scope
 
     params.each do |key, value|
-      next if key.to_s == 'page'
+      next if IGNORED_PARAMS.include?(key.to_s)
 
       scope.merge!(scope_for(key, value.to_s.strip)) if value.present?
     end
@@ -30,19 +28,24 @@ class Trends::TagFilter
 
   private
 
+  def initial_scope
+    Tag.select(Tag.arel_table[Arel.star])
+       .joins(:trend)
+       .eager_load(:trend)
+       .reorder(score: :desc)
+  end
+
   def scope_for(key, value)
     case key.to_s
     when 'status'
       status_scope(value)
+    when 'trending'
+      trending_scope(value)
     else
-      raise "Unknown filter: #{key}"
+      raise Mastodon::InvalidParameterError, "Unknown filter: #{key}"
     end
   end
 
-  def trending_scope
-    Trends.tags.query.to_arel
-  end
-
   def status_scope(value)
     case value.to_s
     when 'approved'
@@ -52,7 +55,16 @@ class Trends::TagFilter
     when 'pending_review'
       Tag.pending_review
     else
-      raise "Unknown status: #{value}"
+      raise Mastodon::InvalidParameterError, "Unknown status: #{value}"
+    end
+  end
+
+  def trending_scope(value)
+    case value
+    when 'allowed'
+      TagTrend.allowed
+    else
+      TagTrend.all
     end
   end
 end
diff --git a/app/models/trends/tags.rb b/app/models/trends/tags.rb
index 9315329906..18f2a9a949 100644
--- a/app/models/trends/tags.rb
+++ b/app/models/trends/tags.rb
@@ -3,6 +3,8 @@
 class Trends::Tags < Trends::Base
   PREFIX = 'trending_tags'
 
+  BATCH_SIZE = 100
+
   self.default_options = {
     threshold: 5,
     review_threshold: 3,
@@ -11,6 +13,22 @@ class Trends::Tags < Trends::Base
     decay_threshold: 1,
   }
 
+  class Query < Trends::Query
+    def to_arel
+      scope = Tag.joins(:trend).reorder(language_order_clause.desc, score: :desc)
+      scope = scope.merge(TagTrend.allowed) if @allowed
+      scope = scope.offset(@offset) if @offset.present?
+      scope = scope.limit(@limit) if @limit.present?
+      scope
+    end
+
+    private
+
+    def language_order_clause
+      Arel::Nodes::Case.new.when(TagTrend.arel_table[:language].in(preferred_languages)).then(1).else(0)
+    end
+  end
+
   def register(status, at_time = Time.now.utc)
     return unless !status.reblog? && status.public_visibility? && !status.account.silenced?
 
@@ -24,19 +42,39 @@ class Trends::Tags < Trends::Base
     record_used_id(tag.id, at_time)
   end
 
+  def query
+    Query.new(key_prefix, klass)
+  end
+
   def refresh(at_time = Time.now.utc)
-    tags = Tag.where(id: (recently_used_ids(at_time) + currently_trending_ids(false, -1)).uniq)
-    calculate_scores(tags, at_time)
+    # First, recalculate scores for tags that were trending previously. We split the queries
+    # to avoid having to load all of the IDs into Ruby just to send them back into Postgres
+    Tag.where(id: TagTrend.select(:tag_id)).find_in_batches(batch_size: BATCH_SIZE) do |tags|
+      calculate_scores(tags, at_time)
+    end
+
+    # Then, calculate scores for tags that were used today. There are potentially some
+    # duplicate items here that we might process one more time, but that should be fine
+    Tag.where(id: recently_used_ids(at_time)).find_in_batches(batch_size: BATCH_SIZE) do |tags|
+      calculate_scores(tags, at_time)
+    end
+
+    # Now that all trends have up-to-date scores, and all the ones below the threshold have
+    # been removed, we can recalculate their positions
+    TagTrend.recalculate_ordered_rank
   end
 
   def request_review
-    tags = Tag.where(id: currently_trending_ids(false, -1))
+    score_at_threshold = TagTrend.allowed.by_rank.ranked_below(options[:review_threshold]).first&.score || 0
+    tag_trends = TagTrend.not_allowed.includes(:tag)
 
-    tags.filter_map do |tag|
-      next unless would_be_trending?(tag.id) && !tag.trendable? && tag.requires_review_notification?
+    tag_trends.filter_map do |trend|
+      tag = trend.tag
 
-      tag.touch(:requested_review_at)
-      tag
+      if trend.score > score_at_threshold && !tag.trendable? && tag.requires_review_notification?
+        tag.touch(:requested_review_at)
+        tag
+      end
     end
   end
 
@@ -53,9 +91,7 @@ class Trends::Tags < Trends::Base
   private
 
   def calculate_scores(tags, at_time)
-    items = []
-
-    tags.each do |tag|
+    items = tags.map do |tag|
       expected  = tag.history.get(at_time - 1.day).accounts.to_f
       expected  = 1.0 if expected.zero?
       observed  = tag.history.get(at_time).accounts.to_f
@@ -79,19 +115,13 @@ class Trends::Tags < Trends::Base
 
       decaying_score = max_score * (0.5**((at_time.to_f - max_time.to_f) / options[:max_score_halflife].to_f))
 
-      next unless decaying_score >= options[:decay_threshold]
-
-      items << { score: decaying_score, item: tag }
+      [decaying_score, tag]
     end
 
-    replace_items('', items)
-  end
+    to_insert = items.filter { |(score, _)| score >= options[:decay_threshold] }
+    to_delete = items.filter { |(score, _)| score < options[:decay_threshold] }
 
-  def filter_for_allowed_items(items)
-    items.select { |item| item[:item].trendable? }
-  end
-
-  def would_be_trending?(id)
-    score(id) > score_at_rank(options[:review_threshold] - 1)
+    TagTrend.upsert_all(to_insert.map { |(score, tag)| { tag_id: tag.id, score: score, language: '', allowed: tag.trendable? || false } }, unique_by: %w(tag_id language)) if to_insert.any?
+    TagTrend.where(tag_id: to_delete.map { |(_, tag)| tag.id }).delete_all if to_delete.any?
   end
 end
diff --git a/app/views/admin/trends/tags/_tag.html.haml b/app/views/admin/trends/tags/_tag.html.haml
index b1e714a912..e0f9f39e47 100644
--- a/app/views/admin/trends/tags/_tag.html.haml
+++ b/app/views/admin/trends/tags/_tag.html.haml
@@ -11,9 +11,9 @@
       = link_to tag_path(tag), target: '_blank', rel: 'noopener noreferrer' do
         = t('admin.trends.tags.used_by_over_week', count: tag.history.reduce(0) { |sum, day| sum + day.accounts })
 
-      - if tag.trendable? && (rank = Trends.tags.rank(tag.id))
+      - if tag.trendable?
         ·
-        %abbr{ title: t('admin.trends.tags.current_score', score: Trends.tags.score(tag.id)) }= t('admin.trends.tags.trending_rank', rank: rank + 1)
+        %abbr{ title: t('admin.trends.tags.current_score', score: tag.trend.score) }= t('admin.trends.tags.trending_rank', rank: tag.trend.rank + 1)
 
         - if tag.decaying?
           ·
diff --git a/app/views/admin_mailer/_new_trending_tags.text.erb b/app/views/admin_mailer/_new_trending_tags.text.erb
index f738caaf3d..c9bd1bc717 100644
--- a/app/views/admin_mailer/_new_trending_tags.text.erb
+++ b/app/views/admin_mailer/_new_trending_tags.text.erb
@@ -2,7 +2,7 @@
 
 <% new_trending_tags.each do |tag| %>
 - #<%= tag.display_name %>
-  <%= raw t('admin.trends.tags.usage_comparison', today: tag.history.get(Time.now.utc).accounts, yesterday: tag.history.get(Time.now.utc - 1.day).accounts) %> · <%= t('admin.trends.tags.current_score', score: Trends.tags.score(tag.id).round(2)) %>
+  <%= raw t('admin.trends.tags.usage_comparison', today: tag.history.get(Time.now.utc).accounts, yesterday: tag.history.get(Time.now.utc - 1.day).accounts) %> · <%= t('admin.trends.tags.current_score', score: tag.trend.score.round(2)) %>
 <% end %>
 
 <%= raw t('application_mailer.view')%> <%= admin_trends_tags_url(status: 'pending_review') %>
diff --git a/db/migrate/20241111141355_create_tag_trends.rb b/db/migrate/20241111141355_create_tag_trends.rb
new file mode 100644
index 0000000000..c4c7d13d19
--- /dev/null
+++ b/db/migrate/20241111141355_create_tag_trends.rb
@@ -0,0 +1,15 @@
+# frozen_string_literal: true
+
+class CreateTagTrends < ActiveRecord::Migration[7.2]
+  def change
+    create_table :tag_trends do |t| # rubocop:disable Rails/CreateTableWithTimestamps
+      t.references :tag, null: false, foreign_key: { on_delete: :cascade }, index: false
+      t.float :score, null: false, default: 0
+      t.integer :rank, null: false, default: 0
+      t.boolean :allowed, null: false, default: false
+      t.string :language, null: false, default: ''
+    end
+
+    add_index :tag_trends, [:tag_id, :language], unique: true
+  end
+end
diff --git a/db/post_migrate/20241123160722_move_tag_trends_to_table.rb b/db/post_migrate/20241123160722_move_tag_trends_to_table.rb
new file mode 100644
index 0000000000..3e1f1b5440
--- /dev/null
+++ b/db/post_migrate/20241123160722_move_tag_trends_to_table.rb
@@ -0,0 +1,25 @@
+# frozen_string_literal: true
+
+class MoveTagTrendsToTable < ActiveRecord::Migration[7.2]
+  include Redisable
+
+  disable_ddl_transaction!
+
+  def up
+    redis.zrange('trending_tags:all', 0, -1, with_scores: true).each do |(tag_id, score)|
+      TagTrend.create(
+        tag_id: tag_id,
+        score: score,
+        allowed: redis.zscore('trending_tags:allowed', tag_id).present?
+      )
+    end
+
+    TagTrend.recalculate_ordered_rank
+
+    redis.del('trending_tags:allowed', 'trending_tags:all')
+  end
+
+  def down
+    raise ActiveRecord::IrreversibleMigration
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 30b16a8a82..9130a937ac 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -10,7 +10,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema[7.2].define(version: 2024_11_04_082851) do
+ActiveRecord::Schema[7.2].define(version: 2024_11_23_160722) do
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
 
@@ -1080,6 +1080,15 @@ ActiveRecord::Schema[7.2].define(version: 2024_11_04_082851) do
     t.index ["tag_id"], name: "index_tag_follows_on_tag_id"
   end
 
+  create_table "tag_trends", force: :cascade do |t|
+    t.bigint "tag_id", null: false
+    t.float "score", default: 0.0, null: false
+    t.integer "rank", default: 0, null: false
+    t.boolean "allowed", default: false, null: false
+    t.string "language"
+    t.index ["tag_id", "language"], name: "index_tag_trends_on_tag_id_and_language", unique: true
+  end
+
   create_table "tags", force: :cascade do |t|
     t.string "name", default: "", null: false
     t.datetime "created_at", precision: nil, null: false
@@ -1343,6 +1352,7 @@ ActiveRecord::Schema[7.2].define(version: 2024_11_04_082851) do
   add_foreign_key "statuses_tags", "tags", name: "fk_3081861e21", on_delete: :cascade
   add_foreign_key "tag_follows", "accounts", on_delete: :cascade
   add_foreign_key "tag_follows", "tags", on_delete: :cascade
+  add_foreign_key "tag_trends", "tags", on_delete: :cascade
   add_foreign_key "tombstones", "accounts", on_delete: :cascade
   add_foreign_key "user_invite_requests", "users", on_delete: :cascade
   add_foreign_key "users", "accounts", name: "fk_50500f500d", on_delete: :cascade
diff --git a/spec/fabricators/tag_trend_fabricator.rb b/spec/fabricators/tag_trend_fabricator.rb
new file mode 100644
index 0000000000..ddf9b9bf40
--- /dev/null
+++ b/spec/fabricators/tag_trend_fabricator.rb
@@ -0,0 +1,5 @@
+# frozen_string_literal: true
+
+Fabricator(:tag_trend) do
+  tag
+end
diff --git a/spec/mailers/admin_mailer_spec.rb b/spec/mailers/admin_mailer_spec.rb
index cd1ab3311c..a4bf9dd667 100644
--- a/spec/mailers/admin_mailer_spec.rb
+++ b/spec/mailers/admin_mailer_spec.rb
@@ -71,6 +71,7 @@ RSpec.describe AdminMailer do
     before do
       PreviewCardTrend.create!(preview_card: link)
       StatusTrend.create!(status: status, account: Fabricate(:account))
+      TagTrend.create!(tag: tag)
       recipient.user.update(locale: :en)
     end
 
diff --git a/spec/models/tag_trend_spec.rb b/spec/models/tag_trend_spec.rb
new file mode 100644
index 0000000000..37b50686db
--- /dev/null
+++ b/spec/models/tag_trend_spec.rb
@@ -0,0 +1,11 @@
+# frozen_string_literal: true
+
+require 'rails_helper'
+
+RSpec.describe TagTrend do
+  include_examples 'RankedTrend'
+
+  describe 'Associations' do
+    it { is_expected.to belong_to(:tag).required }
+  end
+end
diff --git a/spec/models/trends/tags_spec.rb b/spec/models/trends/tags_spec.rb
index f2818fca87..936b441d92 100644
--- a/spec/models/trends/tags_spec.rb
+++ b/spec/models/trends/tags_spec.rb
@@ -61,10 +61,10 @@ RSpec.describe Trends::Tags do
 
     it 'decays scores' do
       subject.refresh(yesterday + 12.hours)
-      original_score = subject.score(tag_ocs.id)
+      original_score = TagTrend.find_by(tag: tag_ocs).score
       expect(original_score).to eq 144.0
       subject.refresh(yesterday + 12.hours + subject.options[:max_score_halflife])
-      decayed_score = subject.score(tag_ocs.id)
+      decayed_score = TagTrend.find_by(tag: tag_ocs).score
       expect(decayed_score).to be <= original_score / 2
     end
   end