In order to reduce the traffic load and improve the availability of the shared resources in unstructured P2P networks, a caching scheme combining alternative index and adaptive replication (AIAR) is presented. AIAR uses random walk mechanism to disperse the caching information of resources in the network based on its power-law characteristic, and dynamically adjusts replicas according to the visit frequency on resources and the degree information of peers. Subsequent experimental results show that the proposed AIAR scheme is beneficial to improve the search performance of success rate and respond speed. In addition, compared to some existing caching scheme, AIAR can perform much better in success rate, especially in a dynamic environment.