diff --git a/apps/wakunode2/wakunode2.nim b/apps/wakunode2/wakunode2.nim
index ee1089ae16..df11d74c8e 100644
--- a/apps/wakunode2/wakunode2.nim
+++ b/apps/wakunode2/wakunode2.nim
@@ -18,7 +18,8 @@ import
   ../../waku/common/logging,
   ../../waku/factory/external_config,
   ../../waku/factory/networks_config,
-  ../../waku/factory/app
+  ../../waku/factory/app,
+  ../../waku/node/health_monitor
 
 logScope:
   topics = "wakunode main"
@@ -88,54 +89,74 @@ when isMainModule:
     doInspectRlnDb(conf)
   of noCommand:
     case conf.clusterId
-      # cluster-id=0
-      of 0:
-        let clusterZeroConf = ClusterConf.ClusterZeroConf()
-        conf.pubsubTopics = clusterZeroConf.pubsubTopics
-        # TODO: Write some template to "merge" the configs
-      # cluster-id=1 (aka The Waku Network)
-      of 1:
-        let twnClusterConf = ClusterConf.TheWakuNetworkConf()
-        if len(conf.shards) != 0:
-          conf.pubsubTopics = conf.shards.mapIt(twnClusterConf.pubsubTopics[it.uint16])
-        else:
-          conf.pubsubTopics = twnClusterConf.pubsubTopics
-
-        # Override configuration
-        conf.maxMessageSize = twnClusterConf.maxMessageSize
-        conf.clusterId = twnClusterConf.clusterId
-        conf.rlnRelay = twnClusterConf.rlnRelay
-        conf.rlnRelayEthContractAddress = twnClusterConf.rlnRelayEthContractAddress
-        conf.rlnRelayDynamic = twnClusterConf.rlnRelayDynamic
-        conf.rlnRelayBandwidthThreshold = twnClusterConf.rlnRelayBandwidthThreshold
-        conf.discv5Discovery = twnClusterConf.discv5Discovery
-        conf.discv5BootstrapNodes =
-          conf.discv5BootstrapNodes & twnClusterConf.discv5BootstrapNodes
-        conf.rlnEpochSizeSec = twnClusterConf.rlnEpochSizeSec
-        conf.rlnRelayUserMessageLimit = twnClusterConf.rlnRelayUserMessageLimit
+    # cluster-id=0
+    of 0:
+      let clusterZeroConf = ClusterConf.ClusterZeroConf()
+      conf.pubsubTopics = clusterZeroConf.pubsubTopics
+      # TODO: Write some template to "merge" the configs
+    # cluster-id=1 (aka The Waku Network)
+    of 1:
+      let twnClusterConf = ClusterConf.TheWakuNetworkConf()
+      if len(conf.shards) != 0:
+        conf.pubsubTopics = conf.shards.mapIt(twnClusterConf.pubsubTopics[it.uint16])
       else:
-        discard
+        conf.pubsubTopics = twnClusterConf.pubsubTopics
+
+      # Override configuration
+      conf.maxMessageSize = twnClusterConf.maxMessageSize
+      conf.clusterId = twnClusterConf.clusterId
+      conf.rlnRelay = twnClusterConf.rlnRelay
+      conf.rlnRelayEthContractAddress = twnClusterConf.rlnRelayEthContractAddress
+      conf.rlnRelayDynamic = twnClusterConf.rlnRelayDynamic
+      conf.rlnRelayBandwidthThreshold = twnClusterConf.rlnRelayBandwidthThreshold
+      conf.discv5Discovery = twnClusterConf.discv5Discovery
+      conf.discv5BootstrapNodes =
+        conf.discv5BootstrapNodes & twnClusterConf.discv5BootstrapNodes
+      conf.rlnEpochSizeSec = twnClusterConf.rlnEpochSizeSec
+      conf.rlnRelayUserMessageLimit = twnClusterConf.rlnRelayUserMessageLimit
+    else:
+      discard
 
     info "Running nwaku node", version = app.git_version
     logConfig(conf)
 
+    # NOTE: {.threadvar.} is used to make the global variable GC safe for the closure uses it
+    # It will always be called from main thread anyway.
+    # Ref: https://nim-lang.org/docs/manual.html#threads-gc-safety
+    var nodeHealthMonitor {.threadvar.}: WakuNodeHealthMonitor
+    nodeHealthMonitor = WakuNodeHealthMonitor()
+    nodeHealthMonitor.setOverallHealth(HealthStatus.INITIALIZING)
+
+    let restServerRes = startRestServerEsentials(nodeHealthMonitor, conf)
+    if restServerRes.isErr():
+      error "Starting REST server failed. . Continuing in current state.",
+        error = $restServerRes.error()
+
     var wakunode2 = App.init(conf).valueOr:
       error "App initialization failed", error = error
       quit(QuitFailure)
 
+    nodeHealthMonitor.setNode(wakunode2.node)
+
     wakunode2.startApp().isOkOr:
       error "Starting app failed", error = error
       quit(QuitFailure)
 
+    if conf.rest and not restServerRes.isErr():
+      wakunode2.restServer = restServerRes.value
+
     wakunode2.setupMonitoringAndExternalInterfaces().isOkOr:
       error "Starting monitoring and external interfaces failed", error = error
       quit(QuitFailure)
 
+    nodeHealthMonitor.setOverallHealth(HealthStatus.READY)
+
     debug "Setting up shutdown hooks"
     ## Setup shutdown hooks for this process.
     ## Stop node gracefully on shutdown.
 
     proc asyncStopper(node: App) {.async: (raises: [Exception]).} =
+      nodeHealthMonitor.setOverallHealth(HealthStatus.SHUTTING_DOWN)
       await node.stop()
       quit(QuitSuccess)
 
diff --git a/waku/factory/app.nim b/waku/factory/app.nim
index 1838110f1d..4d04a1a45c 100644
--- a/waku/factory/app.nim
+++ b/waku/factory/app.nim
@@ -29,6 +29,7 @@ import
   ../../waku/node/waku_metrics,
   ../../waku/node/peer_manager,
   ../../waku/node/peer_manager/peer_store/waku_peer_storage,
+  ../../waku/node/health_monitor,
   ../../waku/waku_api/message_cache,
   ../../waku/waku_api/handlers,
   ../../waku/waku_api/rest/server,
@@ -70,7 +71,7 @@ type
 
     node: WakuNode
 
-    restServer: Option[WakuRestServerRef]
+    restServer*: Option[WakuRestServerRef]
     metricsServer: Option[MetricsHttpServerRef]
 
   AppResult*[T] = Result[T, string]
@@ -155,7 +156,7 @@ proc init*(T: type App, conf: WakuNodeConf): Result[App, string] =
 
 ## Setup DiscoveryV5
 
-proc setupDiscoveryV5(app: App): WakuDiscoveryV5 =
+proc setupDiscoveryV5*(app: App): WakuDiscoveryV5 =
   let dynamicBootstrapEnrs =
     app.dynamicBootstrapNodes.filterIt(it.hasUdpPort()).mapIt(it.enr.get())
 
@@ -281,12 +282,19 @@ proc startApp*(app: var App): AppResult[void] =
 
 ## Monitoring and external interfaces
 
-proc startRestServer(
-    app: App, address: IpAddress, port: Port, conf: WakuNodeConf
-): AppResult[WakuRestServerRef] =
-  # Used to register api endpoints that are not currently installed as keys,
-  # values are holding error messages to be returned to the client
-  var notInstalledTab: Table[string, string] = initTable[string, string]()
+# Used to register api endpoints that are not currently installed as keys,
+# values are holding error messages to be returned to the client
+# NOTE: {.threadvar.} is used to make the global variable GC safe for the closure uses it
+# It will always be called from main thread anyway.
+# Ref: https://nim-lang.org/docs/manual.html#threads-gc-safety
+var restServerNotInstalledTab {.threadvar.}: TableRef[string, string]
+restServerNotInstalledTab = newTable[string, string]()
+
+proc startRestServerEsentials*(
+    nodeHealthMonitor: WakuNodeHealthMonitor, conf: WakuNodeConf
+): AppResult[Option[WakuRestServerRef]] =
+  if not conf.rest:
+    return ok(none(WakuRestServerRef))
 
   let requestErrorHandler: RestRequestErrorHandler = proc(
       error: RestRequestError, request: HttpRequestRef
@@ -302,7 +310,7 @@ proc startRestServer(
             paths[1]
           else:
             ""
-        notInstalledTab.withValue(rootPath, errMsg):
+        restServerNotInstalledTab[].withValue(rootPath, errMsg):
           return await request.respond(Http404, errMsg[], HttpTable.init())
         do:
           return await request.respond(
@@ -328,6 +336,8 @@ proc startRestServer(
     else:
       none(string)
 
+  let address = conf.restAddress
+  let port = Port(conf.restPort + conf.portsShift)
   let server =
     ?newRestHttpServer(
       address,
@@ -336,37 +346,64 @@ proc startRestServer(
       requestErrorHandler = requestErrorHandler,
     )
 
+  ## Health REST API
+  installHealthApiHandler(server.router, nodeHealthMonitor)
+
+  restServerNotInstalledTab["admin"] =
+    "/admin endpoints are not available while initializing."
+  restServerNotInstalledTab["debug"] =
+    "/debug endpoints are not available while initializing."
+  restServerNotInstalledTab["relay"] =
+    "/relay endpoints are not available while initializing."
+  restServerNotInstalledTab["filter"] =
+    "/filter endpoints are not available while initializing."
+  restServerNotInstalledTab["lightpush"] =
+    "/lightpush endpoints are not available while initializing."
+  restServerNotInstalledTab["store"] =
+    "/store endpoints are not available while initializing."
+
+  server.start()
+  info "Starting REST HTTP server", url = "http://" & $address & ":" & $port & "/"
+
+  ok(some(server))
+
+proc startRestServerProtocolSupport(app: var App): AppResult[void] =
+  if not app.conf.rest or app.restServer.isNone():
+    ## Maybe we don't need rest server at all, so it is ok.
+    return ok()
+
+  var router = app.restServer.get().router
   ## Admin REST API
-  if conf.restAdmin:
-    installAdminApiHandlers(server.router, app.node)
+  if app.conf.restAdmin:
+    installAdminApiHandlers(router, app.node)
+  else:
+    restServerNotInstalledTab["admin"] =
+      "/admin endpoints are not available. Please check your configuration: --rest-admin=true"
 
   ## Debug REST API
-  installDebugApiHandlers(server.router, app.node)
-
-  ## Health REST API
-  installHealthApiHandler(server.router, app.node)
+  installDebugApiHandlers(router, app.node)
 
   ## Relay REST API
-  if conf.relay:
-    let cache = MessageCache.init(int(conf.restRelayCacheCapacity))
+  if app.conf.relay:
+    let cache = MessageCache.init(int(app.conf.restRelayCacheCapacity))
 
     let handler = messageCacheHandler(cache)
 
-    for pubsubTopic in conf.pubsubTopics:
+    for pubsubTopic in app.conf.pubsubTopics:
       cache.pubsubSubscribe(pubsubTopic)
       app.node.subscribe((kind: PubsubSub, topic: pubsubTopic), some(handler))
 
-    for contentTopic in conf.contentTopics:
+    for contentTopic in app.conf.contentTopics:
       cache.contentSubscribe(contentTopic)
       app.node.subscribe((kind: ContentSub, topic: contentTopic), some(handler))
 
-    installRelayApiHandlers(server.router, app.node, cache)
+    installRelayApiHandlers(router, app.node, cache)
   else:
-    notInstalledTab["relay"] =
+    restServerNotInstalledTab["relay"] =
       "/relay endpoints are not available. Please check your configuration: --relay"
 
   ## Filter REST API
-  if conf.filternode != "" and app.node.wakuFilterClient != nil:
+  if app.conf.filternode != "" and app.node.wakuFilterClient != nil:
     let filterCache = MessageCache.init()
 
     let filterDiscoHandler =
@@ -376,10 +413,10 @@ proc startRestServer(
         none(DiscoveryHandler)
 
     rest_filter_api.installFilterRestApiHandlers(
-      server.router, app.node, filterCache, filterDiscoHandler
+      router, app.node, filterCache, filterDiscoHandler
     )
   else:
-    notInstalledTab["filter"] =
+    restServerNotInstalledTab["filter"] =
       "/filter endpoints are not available. Please check your configuration: --filternode"
 
   ## Store REST API
@@ -389,10 +426,10 @@ proc startRestServer(
     else:
       none(DiscoveryHandler)
 
-  installStoreApiHandlers(server.router, app.node, storeDiscoHandler)
+  installStoreApiHandlers(router, app.node, storeDiscoHandler)
 
   ## Light push API
-  if conf.lightpushnode != "" and app.node.wakuLightpushClient != nil:
+  if app.conf.lightpushnode != "" and app.node.wakuLightpushClient != nil:
     let lightDiscoHandler =
       if app.wakuDiscv5.isSome():
         some(defaultDiscoveryHandler(app.wakuDiscv5.get(), Lightpush))
@@ -400,16 +437,14 @@ proc startRestServer(
         none(DiscoveryHandler)
 
     rest_lightpush_api.installLightPushRequestHandler(
-      server.router, app.node, lightDiscoHandler
+      router, app.node, lightDiscoHandler
     )
   else:
-    notInstalledTab["lightpush"] =
+    restServerNotInstalledTab["lightpush"] =
       "/lightpush endpoints are not available. Please check your configuration: --lightpushnode"
 
-  server.start()
-  info "Starting REST HTTP server", url = "http://" & $address & ":" & $port & "/"
-
-  ok(server)
+  info "REST services are installed"
+  ok()
 
 proc startMetricsServer(
     serverIp: IpAddress, serverPort: Port
@@ -434,15 +469,11 @@ proc startMetricsLogging(): AppResult[void] =
   ok()
 
 proc setupMonitoringAndExternalInterfaces*(app: var App): AppResult[void] =
-  if app.conf.rest:
-    let startRestServerRes = startRestServer(
-      app, app.conf.restAddress, Port(app.conf.restPort + app.conf.portsShift), app.conf
-    )
-    if startRestServerRes.isErr():
-      error "Starting REST server failed. Continuing in current state.",
-        error = startRestServerRes.error
-    else:
-      app.restServer = some(startRestServerRes.value)
+  if app.conf.rest and app.restServer.isSome():
+    let restProtocolSupportRes = startRestServerProtocolSupport(app)
+    if restProtocolSupportRes.isErr():
+      error "Starting REST server protocol support failed. Continuing in current state.",
+        error = restProtocolSupportRes.error
 
   if app.conf.metricsServer:
     let startMetricsServerRes = startMetricsServer(
diff --git a/waku/node/health_monitor.nim b/waku/node/health_monitor.nim
new file mode 100644
index 0000000000..755441f8fe
--- /dev/null
+++ b/waku/node/health_monitor.nim
@@ -0,0 +1,65 @@
+when (NimMajor, NimMinor) < (1, 4):
+  {.push raises: [Defect].}
+else:
+  {.push raises: [].}
+
+import std/[options, sequtils, strutils, tables], chronos
+
+import waku_node, ../waku_rln_relay
+
+type
+  HealthStatus* = enum
+    INITIALIZING
+    SYNCHRONIZING
+    READY
+    NOT_READY
+    NOT_MOUNTED
+    SHUTTING_DOWN
+
+  HealtReport* = object
+    nodeHealth*: HealthStatus
+    protocolHealth*: Table[string, HealthStatus]
+
+  WakuNodeHealthMonitor* = ref object
+    nodeHealth: HealthStatus
+    node: Option[WakuNode]
+
+proc `$`*(t: HealthStatus): string =
+  result =
+    case t
+    of INITIALIZING: "Initializing"
+    of SYNCHRONIZING: "Synchronizing"
+    of READY: "Ready"
+    of NOT_READY: "Not Ready"
+    of NOT_MOUNTED: "Not Mounted"
+    of SHUTTING_DOWN: "Shutting Down"
+
+const FutIsReadyTimout = 5.seconds
+
+proc getNodeHealthReport*(hm: WakuNodeHealthMonitor): Future[HealtReport] {.async.} =
+  result.nodeHealth = hm.nodeHealth
+
+  if hm.node.isSome(): ## and not hm.node.get().wakuRlnRelay == nil:
+    let getRlnRelayHealth = proc(): Future[HealthStatus] {.async.} =
+      let isReadyStateFut = hm.node.get().wakuRlnRelay.isReady()
+      if not await isReadyStateFut.withTimeout(FutIsReadyTimout):
+        return HealthStatus.NOT_READY
+
+      try:
+        if not isReadyStateFut.completed():
+          return HealthStatus.NOT_READY
+        elif isReadyStateFut.read():
+          return HealthStatus.READY
+
+        return HealthStatus.SYNCHRONIZING
+      except:
+        error "exception reading state: " & getCurrentExceptionMsg()
+        return HealthStatus.NOT_READY
+
+    result.protocolHealth["Rln Relay"] = await getRlnRelayHealth()
+
+proc setNode*(hm: WakuNodeHealthMonitor, node: WakuNode) =
+  hm.node = some(node)
+
+proc setOverallHealth*(hm: WakuNodeHealthMonitor, health: HealthStatus) =
+  hm.nodeHealth = health
diff --git a/waku/waku_api/rest/health/handlers.nim b/waku/waku_api/rest/health/handlers.nim
index ea5d658b6a..53d16f1cd2 100644
--- a/waku/waku_api/rest/health/handlers.nim
+++ b/waku/waku_api/rest/health/handlers.nim
@@ -11,26 +11,25 @@ logScope:
 
 const ROUTE_HEALTH* = "/health"
 
-const FutIsReadyTimout = 5.seconds
-
-proc installHealthApiHandler*(router: var RestRouter, node: WakuNode) =
-  ## /health endpoint provides information about node readiness to caller.
-  ## Currently it is restricted to checking RLN (if mounted) proper setup
-  ## TODO: Leter to extend it to a broader information about each subsystem state
-  ## report. Rest response to change to JSON structure that can hold exact detailed 
-  ## information.
+const FitHealthReportTimeout = 5.seconds
 
+proc installHealthApiHandler*(
+    router: var RestRouter, nodeHealthMonitor: WakuNodeHealthMonitor
+) =
   router.api(MethodGet, ROUTE_HEALTH) do() -> RestApiResponse:
-    let isReadyStateFut = node.isReady()
-    if not await isReadyStateFut.withTimeout(FutIsReadyTimout):
+    let healthReportFut = nodeHealthMonitor.getNodeHealthReport()
+    if not await healthReportFut.withTimeout(FitHealthReportTimeout):
       return RestApiResponse.internalServerError("Health check timed out")
 
-    var msg = "Node is healthy"
+    var msg = ""
     var status = Http200
 
     try:
-      if not isReadyStateFut.read():
-        msg = "Node is not ready"
+      if healthReportFut.completed():
+        let healthReport = healthReportFut.read()
+        msg = $healthReport
+      else:
+        msg = "Health check failed"
         status = Http503
     except:
       msg = "exception reading state: " & getCurrentExceptionMsg()
diff --git a/waku/waku_node.nim b/waku/waku_node.nim
index 54536f91d7..f1c6471117 100644
--- a/waku/waku_node.nim
+++ b/waku/waku_node.nim
@@ -1,3 +1,7 @@
-import ./node/config, ./node/waku_switch as switch, ./node/waku_node as node
+import
+  ./node/config,
+  ./node/waku_switch as switch,
+  ./node/waku_node as node,
+  ./node/health_monitor as health_monitor
 
-export config, switch, node
+export config, switch, node, health_monitor