diff --git a/cmd/lotus-shed/main.go b/cmd/lotus-shed/main.go
index 2d0d7c3a0..4944b67aa 100644
--- a/cmd/lotus-shed/main.go
+++ b/cmd/lotus-shed/main.go
@@ -33,6 +33,7 @@ func main() {
 		mpoolCmd,
 		genesisVerifyCmd,
 		mathCmd,
+		mpoolStatsCmd,
 	}
 
 	app := &cli.App{
diff --git a/cmd/lotus-shed/mempool-stats.go b/cmd/lotus-shed/mempool-stats.go
new file mode 100644
index 000000000..d2651a826
--- /dev/null
+++ b/cmd/lotus-shed/mempool-stats.go
@@ -0,0 +1,79 @@
+package main
+
+import (
+	"fmt"
+	"time"
+
+	"github.com/ipfs/go-cid"
+	logging "github.com/ipfs/go-log"
+	"github.com/urfave/cli/v2"
+
+	lapi "github.com/filecoin-project/lotus/api"
+	"github.com/filecoin-project/lotus/chain/types"
+	lcli "github.com/filecoin-project/lotus/cli"
+)
+
+type msgInfo struct {
+	msg  *types.SignedMessage
+	seen time.Time
+}
+
+var mpoolStatsCmd = &cli.Command{
+	Name: "mpool-stats",
+	Action: func(cctx *cli.Context) error {
+		logging.SetLogLevel("rpc", "ERROR")
+
+		api, closer, err := lcli.GetFullNodeAPI(cctx)
+		if err != nil {
+			return err
+		}
+
+		defer closer()
+		ctx := lcli.ReqContext(cctx)
+
+		updates, err := api.MpoolSub(ctx)
+		if err != nil {
+			return err
+		}
+
+		tracker := make(map[cid.Cid]*msgInfo)
+		tick := time.Tick(time.Second)
+		for {
+			select {
+			case u := <-updates:
+				switch u.Type {
+				case lapi.MpoolAdd:
+					tracker[u.Message.Cid()] = &msgInfo{
+						msg:  u.Message,
+						seen: time.Now(),
+					}
+				case lapi.MpoolRemove:
+					mi, ok := tracker[u.Message.Cid()]
+					if !ok {
+						continue
+					}
+					fmt.Printf("%s was in the mempool for %s (feecap=%s, prem=%s)\n", u.Message.Cid(), time.Since(mi.seen), u.Message.Message.GasFeeCap, u.Message.Message.GasPremium)
+					delete(tracker, u.Message.Cid())
+				default:
+					return fmt.Errorf("unrecognized mpool update state: %d", u.Type)
+				}
+			case <-tick:
+				if len(tracker) == 0 {
+					continue
+				}
+				var avg time.Duration
+				var oldest time.Duration
+				for _, v := range tracker {
+					age := time.Since(v.seen)
+					if age > oldest {
+						oldest = age
+					}
+
+					avg += age
+				}
+				fmt.Printf("%d messages in mempool for average of %s, max=%s\n", len(tracker), avg/time.Duration(len(tracker)), oldest)
+			}
+		}
+		return nil
+	},
+}