A virtual address storage system, which may be of particular used in generating fragmented packets, is implemented using a linked list of data segments. Multiple storage segments linked together in a linked list data structure are maintained to represent a virtual contiguous block of storage to be accessed based on a virtual address. Virtual address to corresponding data segment pointer associations are maintained for identifying a data segment corresponding to a particular address within the address space. In response to an identified address in the address space, a particular closest dynamic recently used association is identified and used to traverse to the desired data segment (e.g. rather than traversing from the beginning of the linked list), and one of the dynamic recently used associations is updated. A packet can be stored in this address space along with newly generated packet headers and tails for the multiple fragmented packets.