diff --git a/internal/p2p/metrics.go b/internal/p2p/metrics.go
index 2780d221e..5ee053f1a 100644
--- a/internal/p2p/metrics.go
+++ b/internal/p2p/metrics.go
@@ -28,7 +28,10 @@ var (
 // Metrics contains metrics exposed by this package.
 type Metrics struct {
 	// Number of peers.
-	Peers metrics.Gauge
+	Peers            metrics.Gauge
+	PeersStored      metrics.Gauge
+	PeersInactivated metrics.Gauge
+
 	// Number of bytes received from a given peer.
 	PeerReceiveBytesTotal metrics.Counter
 	// Number of bytes sent to a given peer.
@@ -75,7 +78,18 @@ func PrometheusMetrics(namespace string, labelsAndValues ...string) *Metrics {
 			Name:      "peers",
 			Help:      "Number of peers.",
 		}, labels).With(labelsAndValues...),
-
+		PeersStored: prometheus.NewGaugeFrom(stdprometheus.GaugeOpts{
+			Namespace: namespace,
+			Subsystem: MetricsSubsystem,
+			Name:      "peers_stored",
+			Help:      "Number of peers in the peer Store",
+		}, labels).With(labelsAndValues...),
+		PeersInactivated: prometheus.NewGaugeFrom(stdprometheus.GaugeOpts{
+			Namespace: namespace,
+			Subsystem: MetricsSubsystem,
+			Name:      "peers_inactivated",
+			Help:      "Number of peers inactivated",
+		}, labels).With(labelsAndValues...),
 		PeerReceiveBytesTotal: prometheus.NewCounterFrom(stdprometheus.CounterOpts{
 			Namespace: namespace,
 			Subsystem: MetricsSubsystem,
diff --git a/internal/p2p/peermanager.go b/internal/p2p/peermanager.go
index 15d07679a..6ddf5866f 100644
--- a/internal/p2p/peermanager.go
+++ b/internal/p2p/peermanager.go
@@ -163,6 +163,9 @@ type PeerManagerOptions struct {
 	// persistentPeers provides fast PersistentPeers lookups. It is built
 	// by optimize().
 	persistentPeers map[types.NodeID]bool
+
+	// Peer Metrics
+	Metrics *Metrics
 }
 
 // Validate validates the options.
@@ -400,6 +403,7 @@ func (m *PeerManager) prunePeers() error {
 			if err := m.store.Delete(peerID); err != nil {
 				return err
 			}
+			m.options.Metrics.PeersStored.Add(-1)
 		}
 	}
 	return nil
@@ -437,6 +441,8 @@ func (m *PeerManager) Add(address NodeAddress) (bool, error) {
 	if err := m.store.Set(peer); err != nil {
 		return false, err
 	}
+
+	m.options.Metrics.PeersStored.Add(1)
 	if err := m.prunePeers(); err != nil {
 		return true, err
 	}
@@ -614,7 +620,11 @@ func (m *PeerManager) Dialed(address NodeAddress) error {
 		return fmt.Errorf("peer %q was removed while dialing", address.NodeID)
 	}
 	now := time.Now().UTC()
+	if peer.Inactive {
+		m.options.Metrics.PeersInactivated.Add(-1)
+	}
 	peer.Inactive = false
+
 	peer.LastConnected = now
 	if addressInfo, ok := peer.AddressInfo[address]; ok {
 		addressInfo.DialFailures = 0
@@ -835,7 +845,7 @@ func (m *PeerManager) Inactivate(peerID types.NodeID) error {
 	}
 
 	peer.Inactive = true
-
+	m.options.Metrics.PeersInactivated.Add(1)
 	return m.store.Set(*peer)
 }
 
diff --git a/node/node.go b/node/node.go
index 01a89c784..44377338d 100644
--- a/node/node.go
+++ b/node/node.go
@@ -265,7 +265,7 @@ func makeNode(cfg *config.Config,
 	p2pLogger := logger.With("module", "p2p")
 	transport := createTransport(p2pLogger, cfg)
 
-	peerManager, peerCloser, err := createPeerManager(cfg, dbProvider, p2pLogger, nodeKey.ID)
+	peerManager, peerCloser, err := createPeerManager(cfg, dbProvider, p2pLogger, nodeKey.ID, nodeMetrics.p2p)
 	closers = append(closers, peerCloser)
 	if err != nil {
 		return nil, combineCloseError(
diff --git a/node/setup.go b/node/setup.go
index 915de7114..76648b598 100644
--- a/node/setup.go
+++ b/node/setup.go
@@ -457,6 +457,7 @@ func createPeerManager(
 	dbProvider config.DBProvider,
 	p2pLogger log.Logger,
 	nodeID types.NodeID,
+	metrics *p2p.Metrics,
 ) (*p2p.PeerManager, closer, error) {
 
 	selfAddr, err := p2p.ParseNodeAddress(nodeID.AddressString(cfg.P2P.ExternalAddress))
@@ -504,6 +505,7 @@ func createPeerManager(
 		MaxRetryTimePersistent: 5 * time.Minute,
 		RetryTimeJitter:        5 * time.Second,
 		PrivatePeers:           privatePeerIDs,
+		Metrics:                metrics,
 	}
 
 	peers := []p2p.NodeAddress{}