diff --git a/benchmarks/.gitignore b/benchmarks/.gitignore
new file mode 100644
index 0000000..1cf8963
--- /dev/null
+++ b/benchmarks/.gitignore
@@ -0,0 +1,2 @@
+# clinic.js
+**clinic**
diff --git a/benchmarks/README.md b/benchmarks/README.md
new file mode 100644
index 0000000..b02525c
--- /dev/null
+++ b/benchmarks/README.md
@@ -0,0 +1,33 @@
+Mplex Benchmarks
+==========
+
+Benchmarks for both pull-mplex and libp2p-mplex
+
+## Setup
+
+1. `npm install`
+
+## Tests
+
+### Echo with New Streams
+This test will send a ping message from the dialer to the listener, which is echo'd back to the dialer.
+A new stream will be created for each echo.
+
+**pull-mplex**: `node bench.js --lib=pull-mplex`
+**libp2p-mplex**: `node bench.js --lib=libp2p-mplex`
+
+You should see results like:
+```sh
+$ node bench.js --lib=pull-mplex
+benchPingPong*100: 8027.089ms
+benchPingPong*100: 7544.150ms
+benchPingPong*100: 7553.991ms
+benchPingPong*100: 8382.416ms
+benchPingPong*100: 8384.485ms
+$ node bench.js --lib=libp2p-mplex
+benchPingPong*100: 9571.866ms
+benchPingPong*100: 10309.212ms
+benchPingPong*100: 10629.806ms
+benchPingPong*100: 10558.181ms
+benchPingPong*100: 10839.580ms
+```
diff --git a/benchmarks/bench.js b/benchmarks/bench.js
new file mode 100644
index 0000000..a4baec0
--- /dev/null
+++ b/benchmarks/bench.js
@@ -0,0 +1,95 @@
+'use strict'
+
+const minimist = require('minimist')
+const bench = require('fastbench')
+const net = require('net')
+const childProcess = require('child_process')
+const path = require('path')
+const parallel = require('fastparallel')({
+  results: false
+})
+const pull = require('pull-stream')
+const toPull = require('stream-to-pull-stream')
+
+const argv = minimist(process.argv.slice(2), {
+  boolean: 'child',
+  default: {
+    child: true,
+    port: 3000,
+    host: 'localhost',
+    lib: 'pull-mplex'
+  }
+})
+
+function buildPingPong (cb) {
+  let child
+  let dialer
+  const mplex = require(argv.lib || 'pull-mplex')
+
+  if (argv.child) {
+    child = childProcess.fork(path.join(__dirname, 'mplex-echo.js'), {
+      stdio: 'inherit'
+    })
+
+    child.on('message', start)
+
+    child.on('error', cb)
+
+    child.on('exit', console.log)
+  } else {
+    start(argv)
+  }
+
+  function start (addr) {
+    const client = net.connect(addr.port, addr.host)
+    client.on('connect', function () {
+      const connection = toPull.duplex(client)
+      dialer = mplex.dialer(connection)
+      cb(null, benchPingPong)
+    })
+  }
+
+  const max = 1000
+  let functions = new Array(max)
+
+  for (let i = 0; i < max; i++) {
+    functions[i] = sendEcho
+  }
+
+  function benchPingPong (cb) {
+    parallel(null, functions, null, cb)
+  }
+
+  function sendEcho (cb) {
+    const stream = dialer.newStream((err) => {
+      if (err) console.log(err)
+    })
+
+    pull(
+      pull.values(['ping']),
+      stream,
+      pull.onEnd(cb)
+    )
+  }
+}
+
+function times (num, run, cb) {
+  if (--num < 0) return cb()
+  run(function (err) {
+    if (err) throw err
+
+    times(num, run, cb)
+  })
+}
+
+buildPingPong(function (err, benchPingPong) {
+  if (err) throw err
+
+  var run = bench([benchPingPong], 100)
+
+  // Do it 5 times
+  times(5, run, function () {
+    // close the sockets the bad way
+    process.exit(0)
+  })
+})
diff --git a/benchmarks/mplex-echo.js b/benchmarks/mplex-echo.js
new file mode 100644
index 0000000..7ccd21c
--- /dev/null
+++ b/benchmarks/mplex-echo.js
@@ -0,0 +1,72 @@
+'use strict'
+
+const minimist = require('minimist')
+const net = require('net')
+const toPull = require('stream-to-pull-stream')
+const pull = require('pull-stream')
+let count = 0
+let port
+
+const server = net.createServer(handle)
+
+const argv = minimist(process.argv.slice(2), {
+  boolean: 'child',
+  default: {
+    child: true,
+    port: 3000,
+    host: 'localhost',
+    lib: 'pull-mplex'
+  }
+})
+
+const mplex = require(argv.lib || 'pull-mplex')
+
+if (argv.child) {
+  port = 0
+} else {
+  port = 3000
+}
+
+function handle (socket) {
+  // Turn the socket into a duplex pull-stream
+  const connection = toPull.duplex(socket)
+  const listener = mplex.listener(connection)
+
+  listener.on('stream', (stream) => {
+    pull(
+      stream,
+      pull.map((v) => {
+        count++
+        return v
+      }),
+      stream
+    )
+  })
+}
+
+server.listen(port, function (err) {
+  if (err) throw err
+
+  if (argv.child) {
+    process.send(server.address())
+  } else {
+    console.error('listening on', server.address().port)
+  }
+})
+
+process.on('disconnect', function () {
+  process.exit(0)
+})
+
+var signal = 'SIGINT'
+
+// Cleanly shut down process on SIGTERM to ensure that perf-<pid>.map gets flushed
+process.on(signal, onSignal)
+
+function onSignal () {
+  console.error('count', count)
+  // IMPORTANT to log on stderr, to not clutter stdout which is purely for data, i.e. dtrace stacks
+  console.error('Caught', signal, ', shutting down.')
+  server.close()
+  process.exit(0)
+}
diff --git a/benchmarks/package.json b/benchmarks/package.json
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index 0000000..6317c85
--- /dev/null
+++ b/benchmarks/package.json
@@ -0,0 +1,22 @@
+{
+  "name": "benchmarks",
+  "version": "1.0.0",
+  "description": "",
+  "main": "bench.js",
+  "scripts": {
+    "pull-mplex": "node bench.js --lib=pull-mplex",
+    "libp2p-mplex": "node bench.js --lib=libp2p-mplex"
+  },
+  "keywords": [],
+  "author": "",
+  "license": "ISC",
+  "dependencies": {
+    "fastbench": "^1.0.1",
+    "fastparallel": "^2.3.0",
+    "libp2p-mplex": "~0.8.4",
+    "minimist": "^1.2.0",
+    "pull-mplex": "../",
+    "pull-stream": "^3.6.9",
+    "stream-to-pull-stream": "^1.7.2"
+  }
+}