diff --git a/wakuv2/tracer.go b/wakuv2/tracer.go
new file mode 100644
index 000000000..163d8f7b6
--- /dev/null
+++ b/wakuv2/tracer.go
@@ -0,0 +1,92 @@
+package wakuv2
+
+import (
+	"fmt"
+
+	"github.com/btcsuite/btcutil/base58"
+	pubsub_pb "github.com/libp2p/go-libp2p-pubsub/pb"
+
+	"go.uber.org/zap"
+)
+
+// Trace implements EventTracer interface.
+// We use custom logging, because we want to base58-encode the peerIDs. And also make the messageIDs readable.
+func (w *Waku) Trace(evt *pubsub_pb.TraceEvent) {
+
+	f := []zap.Field{
+		zap.String("type", evt.Type.String()),
+	}
+
+	encode := func(peerID []byte) string {
+		return base58.Encode(peerID)
+	}
+
+	encodeMeta := func(meta *pubsub_pb.TraceEvent_RPCMeta) []zap.Field {
+		if meta == nil {
+			return nil
+		}
+		var out []zap.Field
+		for i, msg := range meta.Messages {
+			out = append(out, zap.String(fmt.Sprintf("MessageID[%d]", i), encode(msg.GetMessageID())))
+			out = append(out, zap.Stringp(fmt.Sprintf("Topic[%d]", i), msg.Topic))
+		}
+		for i, sub := range meta.Subscription {
+			out = append(out, zap.Boolp(fmt.Sprintf("Subscribe[%d]", i), sub.Subscribe))
+			out = append(out, zap.Stringp(fmt.Sprintf("Topic[%d]", i), sub.Topic))
+		}
+		if meta.Control != nil {
+			out = append(out, zap.Any("Control", meta.Control))
+		}
+		return out
+	}
+
+	if evt.PublishMessage != nil {
+		f = append(f, zap.String("MessageID", encode(evt.PublishMessage.MessageID)))
+	}
+	if evt.RejectMessage != nil {
+		f = append(f, zap.String("MessageID", encode(evt.RejectMessage.MessageID)))
+	}
+	if evt.DuplicateMessage != nil {
+		f = append(f, zap.String("MessageID", encode(evt.DuplicateMessage.MessageID)))
+	}
+	if evt.DeliverMessage != nil {
+		f = append(f, zap.String("MessageID", encode(evt.DeliverMessage.MessageID)))
+	}
+
+	if evt.AddPeer != nil {
+		f = append(f, zap.String("PeerID", encode(evt.AddPeer.GetPeerID())))
+	}
+	if evt.RemovePeer != nil {
+		f = append(f, zap.String("PeerID", encode(evt.RemovePeer.GetPeerID())))
+	}
+
+	if evt.RecvRPC != nil {
+		f = append(f, zap.String("ReceivedFrom", encode(evt.RecvRPC.GetReceivedFrom())))
+		f = append(f, encodeMeta(evt.RecvRPC.Meta)...)
+	}
+	if evt.SendRPC != nil {
+		f = append(f, zap.String("SendTo", encode(evt.SendRPC.GetSendTo())))
+		f = append(f, encodeMeta(evt.SendRPC.Meta)...)
+	}
+	if evt.DropRPC != nil {
+		f = append(f, zap.String("SendTo", encode(evt.DropRPC.GetSendTo())))
+		f = append(f, encodeMeta(evt.DropRPC.Meta)...)
+	}
+
+	if evt.Join != nil {
+		f = append(f, zap.String("Topic", evt.Join.GetTopic()))
+	}
+	if evt.Leave != nil {
+		f = append(f, zap.String("Topic", evt.Leave.GetTopic()))
+	}
+	if evt.Graft != nil {
+		f = append(f, zap.String("PeerID", encode(evt.Graft.GetPeerID())))
+		f = append(f, zap.String("Topic", evt.Graft.GetTopic()))
+	}
+	if evt.Prune != nil {
+		f = append(f, zap.String("PeerID", encode(evt.Prune.GetPeerID())))
+		f = append(f, zap.String("Topic", evt.Prune.GetTopic()))
+	}
+
+	w.logger.With(f...).Debug("pubsub trace")
+}
diff --git a/wakuv2/waku.go b/wakuv2/waku.go
index e5537f242..d26e09c7f 100644
--- a/wakuv2/waku.go
+++ b/wakuv2/waku.go
@@ -268,6 +268,7 @@ func New(nodeKey string, fleet string, cfg *Config, logger *zap.Logger, appDB *s
 		node.WithKeepAlive(time.Duration(cfg.KeepAliveInterval) * time.Second),
 		node.WithMaxPeerConnections(cfg.DiscoveryLimit),
 		node.WithLogger(logger),
+		node.WithLogLevel(logger.Level()),
 		node.WithClusterID(cfg.ClusterID),
 		node.WithMaxMsgSize(1024 * 1024),
 	}
@@ -289,6 +290,10 @@ func New(nodeKey string, fleet string, cfg *Config, logger *zap.Logger, appDB *s
 			pubsub.WithMaxMessageSize(int(waku.settings.MaxMsgSize)),
 		}
 
+		if waku.logger.Level() == zap.DebugLevel {
+			relayOpts = append(relayOpts, pubsub.WithEventTracer(waku))
+		}
+
 		opts = append(opts, node.WithWakuRelayAndMinPeers(waku.settings.MinPeersForRelay, relayOpts...))
 	}