diff --git a/p2p/message.go b/p2p/message.go
index b98773222..10b55a939 100644
--- a/p2p/message.go
+++ b/p2p/message.go
@@ -39,9 +39,13 @@ import (
 // separate Msg with a bytes.Reader as Payload for each send.
 type Msg struct {
 	Code       uint64
-	Size       uint32 // size of the paylod
+	Size       uint32 // Size of the raw payload
 	Payload    io.Reader
 	ReceivedAt time.Time
+
+	meterCap  Cap    // Protocol name and version for egress metering
+	meterCode uint64 // Message within protocol for egress metering
+	meterSize uint32 // Compressed message size for ingress metering
 }
 
 // Decode parses the RLP content of a message into
diff --git a/p2p/peer.go b/p2p/peer.go
index 372ba8d02..9a9788bc1 100644
--- a/p2p/peer.go
+++ b/p2p/peer.go
@@ -28,6 +28,7 @@ import (
 	"github.com/ethereum/go-ethereum/common/mclock"
 	"github.com/ethereum/go-ethereum/event"
 	"github.com/ethereum/go-ethereum/log"
+	"github.com/ethereum/go-ethereum/metrics"
 	"github.com/ethereum/go-ethereum/p2p/enode"
 	"github.com/ethereum/go-ethereum/p2p/enr"
 	"github.com/ethereum/go-ethereum/rlp"
@@ -300,6 +301,9 @@ func (p *Peer) handle(msg Msg) error {
 		if err != nil {
 			return fmt.Errorf("msg code out of range: %v", msg.Code)
 		}
+		if metrics.Enabled {
+			metrics.GetOrRegisterMeter(fmt.Sprintf("%s/%s/%d/%#02x", MetricsInboundTraffic, proto.Name, proto.Version, msg.Code-proto.offset), nil).Mark(int64(msg.meterSize))
+		}
 		select {
 		case proto.in <- msg:
 			return nil
@@ -398,7 +402,11 @@ func (rw *protoRW) WriteMsg(msg Msg) (err error) {
 	if msg.Code >= rw.Length {
 		return newPeerError(errInvalidMsgCode, "not handled")
 	}
+	msg.meterCap = rw.cap()
+	msg.meterCode = msg.Code
+
 	msg.Code += rw.offset
+
 	select {
 	case <-rw.wstart:
 		err = rw.w.WriteMsg(msg)
diff --git a/p2p/rlpx.go b/p2p/rlpx.go
index 52e1eb8a4..115021fa9 100644
--- a/p2p/rlpx.go
+++ b/p2p/rlpx.go
@@ -38,6 +38,7 @@ import (
 	"github.com/ethereum/go-ethereum/common/bitutil"
 	"github.com/ethereum/go-ethereum/crypto"
 	"github.com/ethereum/go-ethereum/crypto/ecies"
+	"github.com/ethereum/go-ethereum/metrics"
 	"github.com/ethereum/go-ethereum/rlp"
 	"github.com/golang/snappy"
 	"golang.org/x/crypto/sha3"
@@ -602,6 +603,10 @@ func (rw *rlpxFrameRW) WriteMsg(msg Msg) error {
 		msg.Payload = bytes.NewReader(payload)
 		msg.Size = uint32(len(payload))
 	}
+	msg.meterSize = msg.Size
+	if metrics.Enabled && msg.meterCap.Name != "" { // don't meter non-subprotocol messages
+		metrics.GetOrRegisterMeter(fmt.Sprintf("%s/%s/%d/%#02x", MetricsOutboundTraffic, msg.meterCap.Name, msg.meterCap.Version, msg.meterCode), nil).Mark(int64(msg.meterSize))
+	}
 	// write header
 	headbuf := make([]byte, 32)
 	fsize := uint32(len(ptype)) + msg.Size
@@ -686,6 +691,7 @@ func (rw *rlpxFrameRW) ReadMsg() (msg Msg, err error) {
 		return msg, err
 	}
 	msg.Size = uint32(content.Len())
+	msg.meterSize = msg.Size
 	msg.Payload = content
 
 	// if snappy is enabled, verify and decompress message