diff --git a/index.js b/index.js
index 1ee1a67..54be5a1 100644
--- a/index.js
+++ b/index.js
@@ -10,6 +10,7 @@ const safetyCatch = require('safety-catch')
 const crypto = require('hypercore-crypto')
 const Hypercore = require('hypercore')
 const { BLOCK_NOT_AVAILABLE, BAD_ARGUMENT } = require('hypercore-errors')
+const Monitor = require('./lib/monitor')
 
 const keyEncoding = new SubEncoder('files', 'utf-8')
 
@@ -30,6 +31,7 @@ module.exports = class Hyperdrive extends ReadyResource {
     this.blobs = null
     this.supportsMetadata = true
     this.encryptionKey = opts.encryptionKey || null
+    this.monitors = new Set()
 
     this._active = opts.active !== false
     this._openingBlobs = null
@@ -188,6 +190,8 @@ module.exports = class Hyperdrive extends ReadyResource {
     if (!this._checkout && !this._batching) {
       await this.corestore.close()
     }
+
+    await this.closeMonitors()
   }
 
   async _openBlobsFromHeader (opts) {
@@ -278,6 +282,18 @@ module.exports = class Hyperdrive extends ReadyResource {
     return this.blobs
   }
 
+  monitor (name, opts = {}) {
+    const monitor = new Monitor(this, { name, ...opts })
+    this.monitors.add(monitor)
+    return monitor
+  }
+
+  async closeMonitors () {
+    const closing = []
+    for (const monitor of this.monitors) closing.push(monitor.close())
+    await Promise.allSettled(closing)
+  }
+
   async get (name, opts) {
     const node = await this.entry(name, opts)
     if (!node?.value.blob) return null
diff --git a/lib/monitor.js b/lib/monitor.js
new file mode 100644
index 0000000..c41d30d
--- /dev/null
+++ b/lib/monitor.js
@@ -0,0 +1,111 @@
+const ReadyResource = require('ready-resource')
+const safetyCatch = require('safety-catch')
+const speedometer = require('speedometer')
+
+module.exports = class Monitor extends ReadyResource {
+  constructor (drive, opts = {}) {
+    super()
+    this.drive = drive
+    this.blobs = null
+    this.name = opts.name || null
+    this.entry = opts.entry || null
+
+    this._boundOnUpload = this._onUpload.bind(this)
+    this._boundOnDownload = this._onDownload.bind(this)
+
+    const stats = {
+      startTime: 0,
+      percentage: 0,
+      peers: 0,
+      speed: 0,
+      blocks: 0,
+      totalBytes: 0, // local + bytes loaded during monitoring
+      monitoringBytes: 0, // bytes loaded during monitoring
+      targetBytes: 0,
+      targetBlocks: 0
+    }
+
+    // Updated on each upload/download event
+    this.uploadStats = { ...stats }
+    this.downloadStats = { ...stats }
+
+    this.uploadSpeedometer = null
+    this.downloadSpeedometer = null
+
+    this.ready().catch(safetyCatch)
+  }
+
+  async _open () {
+    await this.drive.ready()
+    this.blobs = await this.drive.getBlobs()
+    if (!this.entry && this.name) this.entry = await this.drive.entry(this.name)
+    if (this.entry) this._setEntryInfo()
+
+    // Handlers
+    this.blobs.core.on('upload', this._boundOnUpload)
+    this.blobs.core.on('download', this._boundOnDownload)
+  }
+
+  async _close () {
+    this.blobs.core.off('upload', this._boundOnUpload)
+    this.blobs.core.off('download', this._boundOnDownload)
+    this.drive.monitors.delete(this)
+  }
+
+  _setEntryInfo () {
+    if (!this.downloadStats.targetBytes || !this.downloadStats.targetBlocks) {
+      this.downloadStats.targetBytes = this.entry.value.blob.byteLength
+      this.downloadStats.targetBlocks = this.entry.value.blob.blockLength
+    }
+
+    if (!this.uploadStats.targetBytes || !this.uploadStats.targetBlocks) {
+      this.uploadStats.targetBytes = this.entry.value.blob.byteLength
+      this.uploadStats.targetBlocks = this.entry.value.blob.blockLength
+    }
+  }
+
+  _onUpload (index, bytes, from) {
+    if (!this.uploadSpeedometer) this.uploadSpeedometer = speedometer()
+    this.uploadStats.speed = this.uploadSpeedometer(bytes)
+    this._updateStats(this.uploadStats, index, bytes, from)
+  }
+
+  _onDownload (index, bytes, from) {
+    if (!this.downloadSpeedometer) this.downloadSpeedometer = speedometer()
+    this.downloadStats.speed = this.downloadSpeedometer(bytes)
+    this._updateStats(this.downloadStats, index, bytes, from)
+  }
+
+  _updateStats (stats, index, bytes, from) {
+    if (!this.entry || this.closing) return
+    if (!isWithinRange(index, this.entry)) return
+
+    if (!stats.startTime) stats.startTime = Date.now()
+    stats.peers = from.replicator.peers.length
+    stats.blocks++
+    stats.monitoringBytes += bytes
+    stats.totalBytes += bytes
+    // NOTE: you should not rely on the percentage until the monitor is initialized with the local state of the file
+    stats.percentage = toFixed(stats.blocks / stats.targetBlocks * 100)
+
+    this.emit('update')
+  }
+
+  downloadSpeed () {
+    return this.downloadSpeedometer ? this.downloadSpeedometer() : 0
+  }
+
+  uploadSpeed () {
+    return this.uploadSpeedometer ? this.uploadSpeedometer() : 0
+  }
+}
+
+function isWithinRange (index, entry) {
+  if (!entry || !entry.value) return
+  const { blockOffset, blockLength } = entry.value.blob
+  return index >= blockOffset && index < blockOffset + blockLength
+}
+
+function toFixed (n) {
+  return Math.round(n * 100) / 100
+}
diff --git a/package.json b/package.json
index 2791626..01e508a 100644
--- a/package.json
+++ b/package.json
@@ -29,6 +29,7 @@
     "mirror-drive": "^1.2.0",
     "ready-resource": "^1.0.0",
     "safety-catch": "^1.0.2",
+    "speedometer": "^1.1.0",
     "streamx": "^2.12.4",
     "sub-encoder": "^2.1.1",
     "unix-path-resolve": "^1.0.2"
diff --git a/test.js b/test.js
index 2fb7c4f..38bcfc0 100644
--- a/test.js
+++ b/test.js
@@ -1562,6 +1562,69 @@ test('drive.list (recursive false) ignore', async (t) => {
   t.alike(entries, expectedEntries)
 })
 
+test('upload/download can be monitored', async (t) => {
+  t.plan(27)
+  const { corestore, drive, swarm, mirror } = await testenv(t.teardown)
+  swarm.on('connection', (conn) => corestore.replicate(conn))
+  swarm.join(drive.discoveryKey, { server: true, client: false })
+  await swarm.flush()
+
+  mirror.swarm.on('connection', (conn) => mirror.corestore.replicate(conn))
+  mirror.swarm.join(drive.discoveryKey, { server: false, client: true })
+  await mirror.swarm.flush()
+
+  const file = '/example.md'
+  const bytes = 1024 * 100 // big enough to trigger more than one update event
+  const buffer = Buffer.alloc(bytes, '0')
+  await drive.put(file, buffer)
+
+  {
+    // Start monitoring upload
+    const monitor = drive.monitor(file)
+    await monitor.ready()
+    t.is(monitor.name, file)
+    const expectedBlocks = [2, 1]
+    const expectedBytes = [bytes, 65536]
+    monitor.on('update', () => {
+      t.is(monitor.uploadStats.blocks, expectedBlocks.pop())
+      t.is(monitor.uploadStats.monitoringBytes, expectedBytes.pop())
+      t.is(monitor.uploadStats.targetBlocks, 2)
+      t.is(monitor.uploadStats.targetBytes, bytes)
+      t.is(monitor.uploadSpeed(), monitor.uploadStats.speed)
+      if (!expectedBlocks.length) t.is(monitor.uploadStats.percentage, 100)
+      t.absent(monitor.downloadStats.blocks)
+    })
+  }
+
+  {
+    // Start monitoring download
+    const monitor = mirror.drive.monitor(file)
+    await monitor.ready()
+    const expectedBlocks = [2, 1]
+    const expectedBytes = [bytes, 65536]
+    monitor.on('update', () => {
+      t.is(monitor.downloadStats.blocks, expectedBlocks.pop())
+      t.is(monitor.downloadStats.monitoringBytes, expectedBytes.pop())
+      t.is(monitor.downloadStats.targetBlocks, 2)
+      t.is(monitor.downloadStats.targetBytes, bytes)
+      t.is(monitor.downloadSpeed(), monitor.downloadStats.speed)
+      if (!expectedBlocks.length) t.is(monitor.downloadStats.percentage, 100)
+      t.absent(monitor.uploadStats.blocks)
+    })
+  }
+
+  await mirror.drive.get(file)
+})
+
+test('monitor is removed from the Set on close', async (t) => {
+  const { drive } = await testenv(t.teardown)
+  const monitor = drive.monitor('/example.md')
+  await monitor.ready()
+  t.is(drive.monitors.size, 1)
+  await monitor.close()
+  t.is(drive.monitors.size, 0)
+})
+
 async function testenv (teardown) {
   const corestore = new Corestore(RAM)
   await corestore.ready()