diff --git a/packages/core/src/lib/connection_manager.ts b/packages/core/src/lib/connection_manager.ts
index 98ba706626..ca74079479 100644
--- a/packages/core/src/lib/connection_manager.ts
+++ b/packages/core/src/lib/connection_manager.ts
@@ -6,8 +6,10 @@ import { CustomEvent, EventEmitter } from "@libp2p/interfaces/events";
 import { decodeRelayShard } from "@waku/enr";
 import {
   ConnectionManagerOptions,
+  EConnectionStateEvents,
   EPeersByDiscoveryEvents,
   IConnectionManager,
+  IConnectionStateEvents,
   IPeersByDiscoveryEvents,
   IRelay,
   KeepAliveOptions,
@@ -28,7 +30,7 @@ export const DEFAULT_MAX_DIAL_ATTEMPTS_FOR_PEER = 3;
 export const DEFAULT_MAX_PARALLEL_DIALS = 3;
 
 export class ConnectionManager
-  extends EventEmitter<IPeersByDiscoveryEvents>
+  extends EventEmitter<IPeersByDiscoveryEvents & IConnectionStateEvents>
   implements IConnectionManager
 {
   private static instances = new Map<string, ConnectionManager>();
@@ -40,6 +42,33 @@ export class ConnectionManager
 
   private currentActiveParallelDialCount = 0;
   private pendingPeerDialQueue: Array<PeerId> = [];
+  private online: boolean = false;
+
+  public isConnected(): boolean {
+    return this.online;
+  }
+
+  private toggleOnline(): void {
+    if (!this.online) {
+      this.online = true;
+      this.dispatchEvent(
+        new CustomEvent<boolean>(EConnectionStateEvents.CONNECTION_STATUS, {
+          detail: this.online
+        })
+      );
+    }
+  }
+
+  private toggleOffline(): void {
+    if (this.online && this.libp2p.getConnections().length == 0) {
+      this.online = false;
+      this.dispatchEvent(
+        new CustomEvent<boolean>(EConnectionStateEvents.CONNECTION_STATUS, {
+          detail: this.online
+        })
+      );
+    }
+  }
 
   public static create(
     peerId: string,
@@ -393,12 +422,14 @@ export class ConnectionManager
             )
           );
         }
+        this.toggleOnline();
       })();
     },
-    "peer:disconnect": () => {
-      return (evt: CustomEvent<PeerId>): void => {
+    "peer:disconnect": (evt: CustomEvent<PeerId>): void => {
+      void (async () => {
         this.keepAliveManager.stop(evt.detail);
-      };
+        this.toggleOffline();
+      })();
     }
   };
 
@@ -427,7 +458,7 @@ export class ConnectionManager
       log.warn(
         `Discovered peer ${peerId.toString()} with ShardInfo ${shardInfo} is not part of any of the configured pubsub topics (${
           this.configuredPubsubTopics
-        }). 
+        }).
             Not dialing.`
       );
       return false;
diff --git a/packages/core/src/lib/keep_alive_manager.ts b/packages/core/src/lib/keep_alive_manager.ts
index 8b6f2fd507..df63b891a5 100644
--- a/packages/core/src/lib/keep_alive_manager.ts
+++ b/packages/core/src/lib/keep_alive_manager.ts
@@ -111,6 +111,12 @@ export class KeepAliveManager {
     this.relayKeepAliveTimers.clear();
   }
 
+  public connectionsExist(): boolean {
+    return (
+      this.pingKeepAliveTimers.size > 0 || this.relayKeepAliveTimers.size > 0
+    );
+  }
+
   private scheduleRelayPings(
     relay: IRelay,
     relayPeriodSecs: number,
diff --git a/packages/core/src/lib/waku.ts b/packages/core/src/lib/waku.ts
index da8d15356a..0affa301cd 100644
--- a/packages/core/src/lib/waku.ts
+++ b/packages/core/src/lib/waku.ts
@@ -178,6 +178,10 @@ export class WakuNode implements Waku {
     return this.libp2p.isStarted();
   }
 
+  isConnected(): boolean {
+    return this.connectionManager.isConnected();
+  }
+
   /**
    * Return the local multiaddr with peer id on which libp2p is listening.
    *
diff --git a/packages/interfaces/src/connection_manager.ts b/packages/interfaces/src/connection_manager.ts
index 721f9b0f77..8b332fe4a7 100644
--- a/packages/interfaces/src/connection_manager.ts
+++ b/packages/interfaces/src/connection_manager.ts
@@ -49,8 +49,17 @@ export interface PeersByDiscoveryResult {
   };
 }
 
+export enum EConnectionStateEvents {
+  CONNECTION_STATUS = "waku:connection"
+}
+
+export interface IConnectionStateEvents {
+  // true when online, false when offline
+  [EConnectionStateEvents.CONNECTION_STATUS]: CustomEvent<boolean>;
+}
+
 export interface IConnectionManager
-  extends EventEmitter<IPeersByDiscoveryEvents> {
+  extends EventEmitter<IPeersByDiscoveryEvents & IConnectionStateEvents> {
   getPeersByDiscovery(): Promise<PeersByDiscoveryResult>;
   stop(): void;
 }
diff --git a/packages/interfaces/src/waku.ts b/packages/interfaces/src/waku.ts
index ff8587bbca..876403ecea 100644
--- a/packages/interfaces/src/waku.ts
+++ b/packages/interfaces/src/waku.ts
@@ -26,6 +26,8 @@ export interface Waku {
   stop(): Promise<void>;
 
   isStarted(): boolean;
+
+  isConnected(): boolean;
 }
 
 export interface LightNode extends Waku {
diff --git a/packages/tests/tests/connection_manager.spec.ts b/packages/tests/tests/connection_manager.spec.ts
index ff777e6b82..1978e2e365 100644
--- a/packages/tests/tests/connection_manager.spec.ts
+++ b/packages/tests/tests/connection_manager.spec.ts
@@ -2,18 +2,26 @@ import type { PeerId } from "@libp2p/interface/peer-id";
 import type { PeerInfo } from "@libp2p/interface/peer-info";
 import { CustomEvent } from "@libp2p/interfaces/events";
 import { createSecp256k1PeerId } from "@libp2p/peer-id-factory";
-import { EPeersByDiscoveryEvents, LightNode, Tags } from "@waku/interfaces";
+import { Multiaddr } from "@multiformats/multiaddr";
+import {
+  EConnectionStateEvents,
+  EPeersByDiscoveryEvents,
+  LightNode,
+  Protocols,
+  Tags
+} from "@waku/interfaces";
 import { createLightNode } from "@waku/sdk";
 import { expect } from "chai";
 import sinon, { SinonSpy, SinonStub } from "sinon";
 
 import { delay } from "../dist/delay.js";
-import { tearDownNodes } from "../src/index.js";
+import { makeLogFileName, NimGoNode, tearDownNodes } from "../src/index.js";
 
 const TEST_TIMEOUT = 10_000;
 const DELAY_MS = 1_000;
 
 describe("ConnectionManager", function () {
+  this.timeout(20_000);
   let waku: LightNode;
 
   beforeEach(async function () {
@@ -156,6 +164,105 @@ describe("ConnectionManager", function () {
         expect(await peerConnectedPeerExchange).to.eq(true);
       });
     });
+
+    describe("peer:disconnect", () => {
+      it("should emit `waku:offline` event when all peers disconnect", async function () {
+        const peerIdPx = await createSecp256k1PeerId();
+        const peerIdPx2 = await createSecp256k1PeerId();
+
+        await waku.libp2p.peerStore.save(peerIdPx, {
+          tags: {
+            [Tags.PEER_EXCHANGE]: {
+              value: 50,
+              ttl: 1200000
+            }
+          }
+        });
+
+        await waku.libp2p.peerStore.save(peerIdPx2, {
+          tags: {
+            [Tags.PEER_EXCHANGE]: {
+              value: 50,
+              ttl: 1200000
+            }
+          }
+        });
+
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:connect", { detail: peerIdPx })
+        );
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:connect", { detail: peerIdPx2 })
+        );
+
+        await delay(100);
+
+        let eventCount = 0;
+        const connectionStatus = new Promise<boolean>((resolve) => {
+          waku.connectionManager.addEventListener(
+            EConnectionStateEvents.CONNECTION_STATUS,
+            ({ detail: status }) => {
+              eventCount++;
+              resolve(status);
+            }
+          );
+        });
+
+        expect(waku.isConnected()).to.be.true;
+
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:disconnect", { detail: peerIdPx })
+        );
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:disconnect", { detail: peerIdPx2 })
+        );
+
+        expect(await connectionStatus).to.eq(false);
+        expect(eventCount).to.be.eq(1);
+      });
+      it("isConnected should return false after all peers disconnect", async function () {
+        const peerIdPx = await createSecp256k1PeerId();
+        const peerIdPx2 = await createSecp256k1PeerId();
+
+        await waku.libp2p.peerStore.save(peerIdPx, {
+          tags: {
+            [Tags.PEER_EXCHANGE]: {
+              value: 50,
+              ttl: 1200000
+            }
+          }
+        });
+
+        await waku.libp2p.peerStore.save(peerIdPx2, {
+          tags: {
+            [Tags.PEER_EXCHANGE]: {
+              value: 50,
+              ttl: 1200000
+            }
+          }
+        });
+
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:connect", { detail: peerIdPx })
+        );
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:connect", { detail: peerIdPx2 })
+        );
+
+        await delay(100);
+
+        expect(waku.isConnected()).to.be.true;
+
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:disconnect", { detail: peerIdPx })
+        );
+        waku.libp2p.dispatchEvent(
+          new CustomEvent<PeerId>("peer:disconnect", { detail: peerIdPx2 })
+        );
+
+        expect(waku.isConnected()).to.be.false;
+      });
+    });
   });
 
   describe("Dials", () => {
@@ -376,4 +483,111 @@ describe("ConnectionManager", function () {
       });
     });
   });
+
+  describe("Connection state", () => {
+    this.timeout(20_000);
+    let nwaku1: NimGoNode;
+    let nwaku2: NimGoNode;
+    let nwaku1PeerId: Multiaddr;
+    let nwaku2PeerId: Multiaddr;
+
+    beforeEach(async () => {
+      this.timeout(20_000);
+      nwaku1 = new NimGoNode(makeLogFileName(this.ctx) + "1");
+      nwaku2 = new NimGoNode(makeLogFileName(this.ctx) + "2");
+      await nwaku1.start({
+        filter: true
+      });
+
+      await nwaku2.start({
+        filter: true
+      });
+
+      nwaku1PeerId = await nwaku1.getMultiaddrWithId();
+      nwaku2PeerId = await nwaku2.getMultiaddrWithId();
+    });
+
+    afterEach(async () => {
+      this.timeout(15000);
+      await tearDownNodes([nwaku1, nwaku2], []);
+    });
+
+    it("should emit `waku:online` event only when first peer is connected", async function () {
+      this.timeout(20_000);
+
+      let eventCount = 0;
+      const connectionStatus = new Promise<boolean>((resolve) => {
+        waku.connectionManager.addEventListener(
+          EConnectionStateEvents.CONNECTION_STATUS,
+          ({ detail: status }) => {
+            eventCount++;
+            resolve(status);
+          }
+        );
+      });
+
+      // await waku.start();
+      await waku.dial(nwaku1PeerId, [Protocols.Filter]);
+      await waku.dial(nwaku2PeerId, [Protocols.Filter]);
+
+      await delay(250);
+
+      expect(await connectionStatus).to.eq(true);
+      expect(eventCount).to.be.eq(1);
+    });
+
+    it("isConnected should return true after first peer connects", async function () {
+      this.timeout(20_000);
+      expect(waku.isConnected()).to.be.false;
+
+      // await waku.start();
+      await waku.dial(nwaku1PeerId, [Protocols.Filter]);
+      await waku.dial(nwaku2PeerId, [Protocols.Filter]);
+
+      await delay(250);
+
+      expect(waku.isConnected()).to.be.true;
+    });
+
+    it("should emit `waku:offline` event only when all peers disconnect", async function () {
+      this.timeout(20_000);
+      expect(waku.isConnected()).to.be.false;
+
+      await waku.dial(nwaku1PeerId, [Protocols.Filter]);
+      await waku.dial(nwaku2PeerId, [Protocols.Filter]);
+
+      await delay(250);
+
+      let eventCount = 0;
+      const connectionStatus = new Promise<boolean>((resolve) => {
+        waku.connectionManager.addEventListener(
+          EConnectionStateEvents.CONNECTION_STATUS,
+          ({ detail: status }) => {
+            eventCount++;
+            resolve(status);
+          }
+        );
+      });
+
+      await waku.libp2p.hangUp(nwaku1PeerId);
+      await waku.libp2p.hangUp(nwaku2PeerId);
+      expect(await connectionStatus).to.eq(false);
+      expect(eventCount).to.be.eq(1);
+    });
+
+    it("isConnected should return false after all peers disconnect", async function () {
+      this.timeout(20_000);
+      expect(waku.isConnected()).to.be.false;
+
+      await waku.dial(nwaku1PeerId, [Protocols.Filter]);
+      await waku.dial(nwaku2PeerId, [Protocols.Filter]);
+
+      await delay(250);
+      expect(waku.isConnected()).to.be.true;
+
+      await waku.libp2p.hangUp(nwaku1PeerId);
+      await waku.libp2p.hangUp(nwaku2PeerId);
+      expect(waku.isConnected()).to.be.false;
+    });
+  });
 });