diff --git a/packages/beacon-node/src/network/nodejs/bundle.ts b/packages/beacon-node/src/network/nodejs/bundle.ts
index b7d041908285..d933531e6fc8 100644
--- a/packages/beacon-node/src/network/nodejs/bundle.ts
+++ b/packages/beacon-node/src/network/nodejs/bundle.ts
@@ -43,7 +43,9 @@ export async function createNodejsLibp2p(options: ILibp2pOptions): Promise<Libp2
     streamMuxers: [new Mplex({maxInboundStreams: 256})],
     peerDiscovery,
     metrics: {
-      enabled: Boolean(options.metrics),
+      // temporarily disable since there is a performance issue with it
+      // see https://github.com/ChainSafe/lodestar/issues/4698
+      enabled: false,
     },
     connectionManager: {
       // dialer config