diff --git a/src/init.cpp b/src/init.cpp
index 9154fc0a6f6..2ca6cebee7d 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -1167,6 +1167,19 @@ bool AppInitMain(NodeContext& node, interfaces::BlockAndHeaderTipInfo* tip_info)
     assert(!node.addrman);
     auto check_addrman = std::clamp<int32_t>(args.GetArg("-checkaddrman", DEFAULT_ADDRMAN_CONSISTENCY_CHECKS), 0, 1000000);
     node.addrman = std::make_unique<CAddrMan>(/* deterministic */ false, /* consistency_check_ratio */ check_addrman);
+    {
+        // Load addresses from peers.dat
+        uiInterface.InitMessage(_("Loading P2P addresses…").translated);
+        int64_t nStart = GetTimeMillis();
+        CAddrDB adb;
+        if (adb.Read(*node.addrman)) {
+            LogPrintf("Loaded %i addresses from peers.dat  %dms\n", node.addrman->size(), GetTimeMillis() - nStart);
+        } else {
+            node.addrman->Clear(); // Addrman can be in an inconsistent state after failure, reset it
+            LogPrintf("Recreating peers.dat\n");
+            adb.Write(*node.addrman);
+        }
+    }
     assert(!node.banman);
     node.banman = std::make_unique<BanMan>(gArgs.GetDataDirNet() / "banlist", &uiInterface, args.GetArg("-bantime", DEFAULT_MISBEHAVING_BANTIME));
     assert(!node.connman);
diff --git a/src/net.cpp b/src/net.cpp
index be419648d3d..57b8844d6bf 100644
--- a/src/net.cpp
+++ b/src/net.cpp
@@ -2534,22 +2534,6 @@ bool CConnman::Start(CScheduler& scheduler, const Options& connOptions)
         AddAddrFetch(strDest);
     }
 
-    if (m_client_interface) {
-        m_client_interface->InitMessage(_("Loading P2P addresses…").translated);
-    }
-    // Load addresses from peers.dat
-    int64_t nStart = GetTimeMillis();
-    {
-        CAddrDB adb;
-        if (adb.Read(addrman))
-            LogPrintf("Loaded %i addresses from peers.dat  %dms\n", addrman.size(), GetTimeMillis() - nStart);
-        else {
-            addrman.Clear(); // Addrman can be in an inconsistent state after failure, reset it
-            LogPrintf("Recreating peers.dat\n");
-            DumpAddresses();
-        }
-    }
-
     if (m_use_addrman_outgoing) {
         // Load addresses from anchors.dat
         m_anchors = ReadAnchors(gArgs.GetDataDirNet() / ANCHORS_DATABASE_FILENAME);