diff --git a/nodebuilder/settings.go b/nodebuilder/settings.go
index 8da9f90da6..bea3c78ad2 100644
--- a/nodebuilder/settings.go
+++ b/nodebuilder/settings.go
@@ -71,6 +71,7 @@ func WithMetrics(metricOpts []otlpmetrichttp.Option, nodeType node.Type, buildIn
 		fx.Invoke(fraud.WithMetrics),
 		fx.Invoke(node.WithMetrics),
 		fx.Invoke(modheader.WithMetrics),
+		fx.Invoke(share.WithDiscoveryMetrics),
 	)
 
 	samplingMetrics := fx.Options(
diff --git a/nodebuilder/share/opts.go b/nodebuilder/share/opts.go
index dc63a4ca1e..cba949882b 100644
--- a/nodebuilder/share/opts.go
+++ b/nodebuilder/share/opts.go
@@ -1,18 +1,25 @@
 package share
 
 import (
+	disc "github.com/celestiaorg/celestia-node/share/availability/discovery"
 	"github.com/celestiaorg/celestia-node/share/getters"
 	"github.com/celestiaorg/celestia-node/share/p2p/peers"
 	"github.com/celestiaorg/celestia-node/share/p2p/shrexeds"
 	"github.com/celestiaorg/celestia-node/share/p2p/shrexnd"
 )
 
-// WithPeerManagerMetrics is a utility function that is expected to be
-// "invoked" by the fx lifecycle.
+// WithPeerManagerMetrics is a utility function to turn on peer manager metrics and that is
+// expected to be "invoked" by the fx lifecycle.
 func WithPeerManagerMetrics(m *peers.Manager) error {
 	return m.WithMetrics()
 }
 
+// WithDiscoveryMetrics is a utility function to turn on discovery metrics and that is expected to
+// be "invoked" by the fx lifecycle.
+func WithDiscoveryMetrics(d *disc.Discovery) error {
+	return d.WithMetrics()
+}
+
 func WithShrexClientMetrics(edsClient *shrexeds.Client, ndClient *shrexnd.Client) error {
 	err := edsClient.WithMetrics()
 	if err != nil {
diff --git a/share/availability/discovery/discovery.go b/share/availability/discovery/discovery.go
index 913b66d328..f1db6e0797 100644
--- a/share/availability/discovery/discovery.go
+++ b/share/availability/discovery/discovery.go
@@ -50,6 +50,8 @@ type Discovery struct {
 
 	triggerDisc chan struct{}
 
+	metrics *metrics
+
 	cancel context.CancelFunc
 
 	params Parameters
@@ -132,6 +134,7 @@ func (d *Discovery) Advertise(ctx context.Context) {
 	defer timer.Stop()
 	for {
 		_, err := d.disc.Advertise(ctx, rendezvousPoint)
+		d.metrics.observeAdvertise(ctx, err)
 		if err != nil {
 			if ctx.Err() != nil {
 				return
@@ -268,14 +271,18 @@ func (d *Discovery) discover(ctx context.Context) bool {
 		drainChannel(ticker.C)
 		select {
 		case <-findCtx.Done():
+			d.metrics.observeFindPeers(ctx, true, true)
 			return true
 		case <-ticker.C:
+			d.metrics.observeDiscoveryStuck(ctx)
 			log.Warn("wasn't able to find new peers for long time")
 			continue
 		case p, ok := <-peers:
 			if !ok {
+				isEnoughPeers := d.set.Size() >= d.set.Limit()
+				d.metrics.observeFindPeers(ctx, ctx.Err() != nil, isEnoughPeers)
 				log.Debugw("discovery channel closed", "find_is_canceled", findCtx.Err() != nil)
-				return d.set.Size() >= d.set.Limit()
+				return isEnoughPeers
 			}
 
 			peer := p
@@ -311,15 +318,19 @@ func (d *Discovery) handleDiscoveredPeer(ctx context.Context, peer peer.AddrInfo
 	logger := log.With("peer", peer.ID)
 	switch {
 	case peer.ID == d.host.ID():
+		d.metrics.observeHandlePeer(ctx, handlePeerSkipSelf)
 		logger.Debug("skip handle: self discovery")
 		return false
 	case len(peer.Addrs) == 0:
+		d.metrics.observeHandlePeer(ctx, handlePeerEmptyAddrs)
 		logger.Debug("skip handle: empty address list")
 		return false
 	case d.set.Size() >= d.set.Limit():
+		d.metrics.observeHandlePeer(ctx, handlePeerEnoughPeers)
 		logger.Debug("skip handle: enough peers found")
 		return false
 	case d.connector.HasBackoff(peer.ID):
+		d.metrics.observeHandlePeer(ctx, handlePeerBackoff)
 		logger.Debug("skip handle: backoff")
 		return false
 	}
@@ -330,6 +341,7 @@ func (d *Discovery) handleDiscoveredPeer(ctx context.Context, peer peer.AddrInfo
 	case network.NotConnected:
 		err := d.connector.Connect(ctx, peer)
 		if err != nil {
+			d.metrics.observeHandlePeer(ctx, handlePeerConnErr)
 			logger.Debugw("unable to connect", "err", err)
 			return false
 		}
@@ -338,10 +350,12 @@ func (d *Discovery) handleDiscoveredPeer(ctx context.Context, peer peer.AddrInfo
 	}
 
 	if !d.set.Add(peer.ID) {
+		d.metrics.observeHandlePeer(ctx, handlePeerInSet)
 		logger.Debug("peer is already in discovery set")
 		return false
 	}
 	d.onUpdatedPeers(peer.ID, true)
+	d.metrics.observeHandlePeer(ctx, handlePeerConnected)
 	logger.Debug("added peer to set")
 
 	// tag to protect peer from being killed by ConnManager
diff --git a/share/availability/discovery/metrics.go b/share/availability/discovery/metrics.go
new file mode 100644
index 0000000000..9edd364185
--- /dev/null
+++ b/share/availability/discovery/metrics.go
@@ -0,0 +1,184 @@
+package discovery
+
+import (
+	"context"
+	"fmt"
+
+	"github.com/libp2p/go-libp2p/core/peer"
+	"go.opentelemetry.io/otel/attribute"
+	"go.opentelemetry.io/otel/metric/global"
+	"go.opentelemetry.io/otel/metric/instrument"
+	"go.opentelemetry.io/otel/metric/instrument/asyncint64"
+	"go.opentelemetry.io/otel/metric/instrument/syncint64"
+)
+
+const (
+	discoveryEnougPeersKey  = "enough_peers"
+	discoveryFindCancledKey = "is_canceled"
+
+	handlePeerResultKey                    = "result"
+	handlePeerSkipSelf    handlePeerResult = "skip_self"
+	handlePeerEmptyAddrs  handlePeerResult = "skip_empty_addresses"
+	handlePeerEnoughPeers handlePeerResult = "skip_enough_peers"
+	handlePeerBackoff     handlePeerResult = "skip_backoff"
+	handlePeerConnected   handlePeerResult = "connected"
+	handlePeerConnErr     handlePeerResult = "conn_err"
+	handlePeerInSet       handlePeerResult = "in_set"
+
+	advertiseFailedKey = "failed"
+)
+
+var (
+	meter = global.MeterProvider().Meter("share_discovery")
+)
+
+type handlePeerResult string
+
+type metrics struct {
+	peersAmount      asyncint64.Gauge
+	discoveryResult  syncint64.Counter // attributes: enough_peers[bool],is_canceled[bool]
+	discoveryStuck   syncint64.Counter
+	handlePeerResult syncint64.Counter // attributes: result[string]
+	advertise        syncint64.Counter // attributes: failed[bool]
+	peerAdded        syncint64.Counter
+	peerRemoved      syncint64.Counter
+}
+
+// WithMetrics turns on metric collection in discoery.
+func (d *Discovery) WithMetrics() error {
+	metrics, err := initMetrics(d)
+	if err != nil {
+		return fmt.Errorf("discovery: init metrics: %w", err)
+	}
+	d.metrics = metrics
+	d.WithOnPeersUpdate(metrics.observeOnPeersUpdate)
+	return nil
+}
+
+func initMetrics(d *Discovery) (*metrics, error) {
+	peersAmount, err := meter.AsyncInt64().Gauge("discovery_amount_of_peers",
+		instrument.WithDescription("amount of peers in discovery set"))
+	if err != nil {
+		return nil, err
+	}
+
+	discoveryResult, err := meter.SyncInt64().Counter("discovery_find_peers_result",
+		instrument.WithDescription("result of find peers run"))
+	if err != nil {
+		return nil, err
+	}
+
+	discoveryStuck, err := meter.SyncInt64().Counter("discovery_lookup_is_stuck",
+		instrument.WithDescription("indicates discovery wasn't able to find peers for more than 1 min"))
+	if err != nil {
+		return nil, err
+	}
+
+	handlePeerResultCounter, err := meter.SyncInt64().Counter("discovery_handler_peer_result",
+		instrument.WithDescription("result handling found peer"))
+	if err != nil {
+		return nil, err
+	}
+
+	advertise, err := meter.SyncInt64().Counter("discovery_advertise_event",
+		instrument.WithDescription("advertise events counter"))
+	if err != nil {
+		return nil, err
+	}
+
+	peerAdded, err := meter.SyncInt64().Counter("discovery_add_peer",
+		instrument.WithDescription("add peer to discovery set counter"))
+	if err != nil {
+		return nil, err
+	}
+
+	peerRemoved, err := meter.SyncInt64().Counter("discovery_remove_peer",
+		instrument.WithDescription("remove peer from discovery set counter"))
+	if err != nil {
+		return nil, err
+	}
+
+	metrics := &metrics{
+		peersAmount:      peersAmount,
+		discoveryResult:  discoveryResult,
+		discoveryStuck:   discoveryStuck,
+		handlePeerResult: handlePeerResultCounter,
+		advertise:        advertise,
+		peerAdded:        peerAdded,
+		peerRemoved:      peerRemoved,
+	}
+
+	err = meter.RegisterCallback(
+		[]instrument.Asynchronous{
+			peersAmount,
+		},
+		func(ctx context.Context) {
+			peersAmount.Observe(ctx, int64(d.set.Size()))
+		},
+	)
+	if err != nil {
+		return nil, fmt.Errorf("registering metrics callback: %w", err)
+	}
+	return metrics, nil
+}
+
+func (m *metrics) observeFindPeers(ctx context.Context, canceled, isEnoughPeers bool) {
+	if m == nil {
+		return
+	}
+	if ctx.Err() != nil {
+		ctx = context.Background()
+	}
+
+	m.discoveryResult.Add(ctx, 1,
+		attribute.Bool(discoveryFindCancledKey, canceled),
+		attribute.Bool(discoveryEnougPeersKey, isEnoughPeers))
+}
+
+func (m *metrics) observeHandlePeer(ctx context.Context, result handlePeerResult) {
+	if m == nil {
+		return
+	}
+	if ctx.Err() != nil {
+		ctx = context.Background()
+	}
+
+	m.handlePeerResult.Add(ctx, 1,
+		attribute.String(handlePeerResultKey, string(result)))
+}
+
+func (m *metrics) observeAdvertise(ctx context.Context, err error) {
+	if m == nil {
+		return
+	}
+	if ctx.Err() != nil {
+		ctx = context.Background()
+	}
+
+	m.advertise.Add(ctx, 1,
+		attribute.Bool(advertiseFailedKey, err != nil))
+}
+
+func (m *metrics) observeOnPeersUpdate(_ peer.ID, isAdded bool) {
+	if m == nil {
+		return
+	}
+	ctx := context.Background()
+
+	if isAdded {
+		m.peerAdded.Add(ctx, 1)
+		return
+	}
+	m.peerRemoved.Add(ctx, 1)
+}
+
+func (m *metrics) observeDiscoveryStuck(ctx context.Context) {
+	if m == nil {
+		return
+	}
+	if ctx.Err() != nil {
+		ctx = context.Background()
+	}
+
+	m.discoveryStuck.Add(ctx, 1)
+}