diff --git a/packages/desktop/App.svelte b/packages/desktop/App.svelte
index 63632c28224..28244581822 100644
--- a/packages/desktop/App.svelte
+++ b/packages/desktop/App.svelte
@@ -8,7 +8,6 @@
     import { goto } from 'shared/lib/helpers'
     import { dir, isLocaleLoaded, setupI18n, _ } from 'shared/lib/i18n'
     import { pollMarketData } from 'shared/lib/marketData'
-    import { pollNetworkStatus } from 'shared/lib/networkStatus'
     import { openPopup, popupState } from 'shared/lib/popup'
     import { cleanupEmptyProfiles, cleanupInProgressProfiles } from 'shared/lib/profile'
     import { dashboardRoute, initRouter, routerNext, routerPrevious, walletRoute } from 'shared/lib/router'
@@ -61,7 +60,6 @@
         }, 3000)
 
         await pollMarketData()
-        await pollNetworkStatus()
 
         // @ts-ignore: This value is replaced by Webpack DefinePlugin
         if (!devMode) {
diff --git a/packages/shared/components/Sidebar.svelte b/packages/shared/components/Sidebar.svelte
index f332c4ce1e7..687953c94b3 100644
--- a/packages/shared/components/Sidebar.svelte
+++ b/packages/shared/components/Sidebar.svelte
@@ -52,7 +52,7 @@
 
 <aside
     class="flex flex-col justify-center items-center bg-white dark:bg-gray-800 h-screen relative w-20 px-5 pb-9 pt-9 border-solid border-r border-gray-100 dark:border-gray-800">
-    <Logo classes="logo mb-9 {hasTitleBar ? "mt-3": ""}" width="48px" logo="logo-firefly" />
+    <Logo classes="logo mb-9 {hasTitleBar ? 'mt-3' : ''}" width="48px" logo="logo-firefly" />
     <nav class="flex flex-grow flex-col items-center justify-between">
         <button class={$dashboardRoute === Tabs.Wallet ? 'text-blue-500' : 'text-gray-500'} on:click={() => openWallet()}>
             <Icon icon="wallet" />
diff --git a/packages/shared/components/modals/NetworkIndicator.svelte b/packages/shared/components/modals/NetworkIndicator.svelte
index bb9f8325c51..395448e3e56 100644
--- a/packages/shared/components/modals/NetworkIndicator.svelte
+++ b/packages/shared/components/modals/NetworkIndicator.svelte
@@ -1,13 +1,15 @@
 <script lang="typescript">
-    import { onDestroy } from 'svelte'
-    import { Text, Modal, HR } from 'shared/components'
+    import { HR, Modal, Text } from 'shared/components'
     import { networkStatus } from 'shared/lib/networkStatus'
+    import { activeProfile } from 'shared/lib/profile'
+    import { onDestroy } from 'svelte'
+
     export let isActive
     export let locale
     let healthStatus = 2
     let healthStatusText = 'networkOperational'
     let messagesPerSecond = 0
-    let confirmationRate = 0
+    let referencedRate = 0
 
     const NETWORK_HEALTH_COLORS = {
         0: 'red',
@@ -18,8 +20,8 @@
     const unsubscribe = networkStatus.subscribe((data) => {
         healthStatus = data.health ?? 0
         healthStatusText = healthStatus === 0 ? 'networkDown' : healthStatus === 1 ? 'networkDegraded' : 'networkOperational'
-        messagesPerSecond = data.itemsPerSecond ?? 0
-        confirmationRate = data.confirmationRate ?? 0
+        messagesPerSecond = data.messagesPerSecond ?? 0
+        referencedRate = data.referencedRate ?? 0
     })
 
     onDestroy(() => {
@@ -33,14 +35,16 @@
         <div class="px-7 pb-5 text-13 text-{NETWORK_HEALTH_COLORS[healthStatus]}-500">
             {locale(`views.dashboard.network.${healthStatusText}`)}
         </div>
-        <HR />
-        <div class="flex flex-row justify-between px-7 pt-5 pb-2">
-            <span class="text-12 text-gray-800 dark:text-white">{locale('views.dashboard.network.messagesPerSecond')}</span>
-            <span class="text-12 text-gray-500">{`${Math.round(messagesPerSecond)}`}</span>
-        </div>
-        <div class="flex flex-row justify-between px-7 pb-5">
-            <span class="text-12 text-gray-800 dark:text-white">{locale('views.dashboard.network.confirmationRate')}</span>
-            <span class="text-12 text-gray-500">{`${Math.round(confirmationRate)}%`}</span>
-        </div>
+        {#if !$activeProfile?.settings.hideNetworkStatistics}
+            <HR />
+            <div class="flex flex-row justify-between px-7 pt-5 pb-2">
+                <span class="text-12 text-gray-800 dark:text-white">{locale('views.dashboard.network.messagesPerSecond')}</span>
+                <span class="text-12 text-gray-500">{`${Math.round(messagesPerSecond)}`}</span>
+            </div>
+            <div class="flex flex-row justify-between px-7 pb-5">
+                <span class="text-12 text-gray-800 dark:text-white">{locale('views.dashboard.network.referencedRate')}</span>
+                <span class="text-12 text-gray-500">{`${Math.round(referencedRate)}%`}</span>
+            </div>
+        {/if}
     </network-indicator-content>
 </Modal>
diff --git a/packages/shared/lib/networkStatus.ts b/packages/shared/lib/networkStatus.ts
index eb0900b4e0d..a8911e8f2fc 100644
--- a/packages/shared/lib/networkStatus.ts
+++ b/packages/shared/lib/networkStatus.ts
@@ -1,17 +1,6 @@
-import { writable } from 'svelte/store'
-
-/**
- * Network status endpoints list
- */
-export const NETWORK_STATUS_ENDPOINTS = [
-    'https://explorer-api.iota.org/stats/chrysalis',
-    'https://explorer-api.iota.works/stats/chrysalis',
-]
-
-/**
- * Default timeout for a request made to an endpoint
- */
-const DEFAULT_NETWORK_STATUS_ENDPOINT_TIMEOUT = 5000
+import { get, writable } from 'svelte/store'
+import { asyncGetNodeInfo, wallet } from "shared/lib/wallet"
+import { getOfficialNodes } from 'shared/lib/network'
 
 /**
  * Default interval for polling the network status
@@ -19,25 +8,33 @@ const DEFAULT_NETWORK_STATUS_ENDPOINT_TIMEOUT = 5000
 const DEFAULT_NETWORK_STATUS_POLL_INTERVAL = 10000
 
 type StatusData = {
-    itemsPerSecond?: number
-    confirmedItemsPerSecond?: number
-    confirmationRate?: number
-    latestMilestoneIndex?: number
-    latestMilestoneIndexTime?: number
+    messagesPerSecond?: number
+    referencedRate?: number
     health?: number
-    healthReason?: string
 }
 
 export const networkStatus = writable<StatusData>({})
 
+let pollInterval
+
 /**
  * Poll the network status at an interval.
  */
 export async function pollNetworkStatus(): Promise<void> {
     await fetchNetworkStatus()
-    setInterval(async () => fetchNetworkStatus(), DEFAULT_NETWORK_STATUS_POLL_INTERVAL)
+    pollInterval = setInterval(async () => fetchNetworkStatus(), DEFAULT_NETWORK_STATUS_POLL_INTERVAL)
 }
 
+const { accounts, accountsLoaded } = get(wallet)
+
+accountsLoaded.subscribe((val) => {
+    if (val) {
+        pollNetworkStatus()
+    } else {
+        clearInterval(pollInterval)
+    }
+})
+
 /**
  * Fetches network status data
  *
@@ -46,52 +43,43 @@ export async function pollNetworkStatus(): Promise<void> {
  * @returns {Promise<void>}
  */
 export async function fetchNetworkStatus(): Promise<void> {
-    const requestOptions: RequestInit = {
-        headers: {
-            Accept: 'application/json',
-        },
-    }
-
     let updated = false
 
-    for (let index = 0; index < NETWORK_STATUS_ENDPOINTS.length; index++) {
-        const endpoint = NETWORK_STATUS_ENDPOINTS[index]
-
-        try {
-            const abortController = new AbortController()
-            const timerId = setTimeout(
-                () => {
-                    if (abortController) {
-                        abortController.abort();
-                    }
-                },
-                DEFAULT_NETWORK_STATUS_ENDPOINT_TIMEOUT);
-
-            requestOptions.signal = abortController.signal;
+    const accs = get(accounts)
 
-            const response = await fetch(endpoint, requestOptions);
+    if (accs.length > 0) {
+        const account0 = accs[0]
+        const clientOptions = account0.clientOptions
+        const node = clientOptions.node ?? getOfficialNodes()[0]
 
-            clearTimeout(timerId)
-
-            const statusData: StatusData = await response.json()
-
-            networkStatus.set(statusData)
+        try {
+            // TODO add user/pass support when implemented in wallet.rs
+            const response = await asyncGetNodeInfo(account0.id, node.url)
+
+            const timeSinceLastMsInMinutes = (Date.now() - (response.nodeinfo.latestMilestoneTimestamp * 1000)) / 60000;
+            let health = 0; //bad
+            if (timeSinceLastMsInMinutes < 2) {
+                health = 2; // good
+            } else if (timeSinceLastMsInMinutes < 5) {
+                health = 1; // degraded
+            }
+
+            networkStatus.set({
+                messagesPerSecond: response.nodeinfo.messagesPerSecond,
+                referencedRate: response.nodeinfo.referencedRate,
+                health
+            })
 
             updated = true
-
-            break
         } catch (err) {
-            console.error(err.name === "AbortError" ? new Error(`Could not fetch from ${endpoint}.`) : err)
+            console.error(err.name === "AbortError" ? new Error(`Could not fetch from ${node.url}.`) : err)
         }
     }
 
     if (!updated) {
         networkStatus.set({
-            itemsPerSecond: 0,
-            confirmedItemsPerSecond: 0,
-            confirmationRate: 0,
-            latestMilestoneIndex: 0,
-            latestMilestoneIndexTime: 0,
+            messagesPerSecond: 0,
+            referencedRate: 0,
             health: 0
         })
     }
diff --git a/packages/shared/lib/profile.ts b/packages/shared/lib/profile.ts
index 4f03f6cadff..0b22b0c8487 100644
--- a/packages/shared/lib/profile.ts
+++ b/packages/shared/lib/profile.ts
@@ -50,6 +50,7 @@ export interface UserSettings {
     lockScreenTimeout: number
     showHiddenAccounts?: boolean
     chartSelectors: ChartSelectors
+    hideNetworkStatistics?: boolean
 }
 
 export const activeProfileId = writable<string | null>(null)
diff --git a/packages/shared/lib/typings/icons.ts b/packages/shared/lib/typings/icons.ts
index 68c7ecb8abc..22676c0299d 100644
--- a/packages/shared/lib/typings/icons.ts
+++ b/packages/shared/lib/typings/icons.ts
@@ -4,6 +4,7 @@ export enum SettingsIcons {
     language = 'language',
     currency = 'currency',
     notifications = 'bell',
+    networkStatus = 'view',
     exportStronghold = 'export',
     appLock = 'lock3',
     changePassword = 'lock2',
diff --git a/packages/shared/lib/typings/routes.ts b/packages/shared/lib/typings/routes.ts
index 26780ba203b..ed3bd3048d4 100644
--- a/packages/shared/lib/typings/routes.ts
+++ b/packages/shared/lib/typings/routes.ts
@@ -67,6 +67,7 @@ export enum GeneralSettings {
     Language = 'language',
     Currency = 'currency',
     Notifications = 'notifications',
+    NetworkStatus = 'networkStatus',
 }
 
 export enum GeneralSettingsNoProfile {
diff --git a/packages/shared/lib/wallet.ts b/packages/shared/lib/wallet.ts
index c82234dbaa3..cc750656c1d 100644
--- a/packages/shared/lib/wallet.ts
+++ b/packages/shared/lib/wallet.ts
@@ -484,6 +484,19 @@ export const asyncSyncAccounts = (addressIndex?, gapLimit?, accountDiscoveryThre
     })
 }
 
+export const asyncGetNodeInfo = (accountId, url) => {
+    return new Promise<NodeInfo>((resolve, reject) => {
+        api.getNodeInfo(accountId, url, {
+            onSuccess(response) {
+                resolve(response.payload)
+            },
+            onError(err) {
+                reject(err)
+            },
+        })
+    })
+}
+
 /**
  * Initialises event listeners from wallet library
  *
diff --git a/packages/shared/locales/en.json b/packages/shared/locales/en.json
index dfd262c760b..41f126557fc 100644
--- a/packages/shared/locales/en.json
+++ b/packages/shared/locales/en.json
@@ -240,6 +240,10 @@
                 "title": "Notifications",
                 "description": "System notifications for transaction events"
             },
+            "networkStatus": {
+                "title": "Network status",
+                "description": "Displays the status of the node you are currently connected to."
+            },
             "exportStronghold": {
                 "title": "Export Backup",
                 "description": "Export to a Stronghold file - a complete encrypted backup of your wallets and latest transaction history"
@@ -371,7 +375,7 @@
                 "networkDown": "Network Disconnected",
                 "status": "Status",
                 "messagesPerSecond": "Messages per second",
-                "confirmationRate": "Confirmation rate"
+                "referencedRate": "Referenced rate"
             },
             "profileModal": {
                 "allSettings": "All settings",
@@ -583,6 +587,7 @@
         "viewStatus": "View status",
         "showHiddenAccounts": "Show hidden wallets",
         "confirm": "Confirm",
+        "hideNetworkStatistics": "Hide network statistics",
         "findBalances": "Find balances",
         "searchBalances": "Search for balances",
         "searchAgain": "Search again",
diff --git a/packages/shared/routes/dashboard/settings/views/General.svelte b/packages/shared/routes/dashboard/settings/views/General.svelte
index d2c2baa3322..b4c0d43ae88 100644
--- a/packages/shared/routes/dashboard/settings/views/General.svelte
+++ b/packages/shared/routes/dashboard/settings/views/General.svelte
@@ -12,9 +12,11 @@
 
     let darkModeEnabled = $appSettings.darkMode
     let notificationsChecked = $appSettings.notifications
+    let hideNetworkStatistics = $activeProfile?.settings.hideNetworkStatistics
 
     $: $appSettings.darkMode = darkModeEnabled
     $: $appSettings.notifications = notificationsChecked
+    $: updateProfile('settings.hideNetworkStatistics', hideNetworkStatistics)
 
     const handleCurrencySelect = (item) => {
         updateProfile('settings.currency', item.value)
@@ -72,4 +74,12 @@
         <Text type="p" secondary classes="mb-5">{locale('views.settings.notifications.description')}</Text>
         <Checkbox label={locale('actions.enableSystemNotifications')} bind:checked={notificationsChecked} />
     </section>
+    {#if $loggedIn}
+        <HR classes="pb-5 mt-5 justify-center" />
+        <section id="networkStatus" class="w-3/4">
+            <Text type="h4" classes="mb-3">{locale('views.settings.networkStatus.title')}</Text>
+            <Text type="p" secondary classes="mb-5">{locale('views.settings.networkStatus.description')}</Text>
+            <Checkbox label={locale('actions.hideNetworkStatistics')} bind:checked={hideNetworkStatistics} />
+        </section>
+    {/if}
 </div>