This document summarizes a study on DNS performance and caching effectiveness. It analyzes DNS query logs from MIT networks over three 1-week periods. The study finds that A lookups have a cache hit rate of 80-87%, but caching is less effective due to browsers also caching. It also finds that unanswered lookups and referral loops generate a significant number of retransmissions, accounting for around 60% of all queries. Popular domains have shorter Time To Live (TTL) values that reduce over time.