diff --git a/backend/src/api/loading-indicators.ts b/backend/src/api/loading-indicators.ts
new file mode 100644
index 000000000..c2d682d1c
--- /dev/null
+++ b/backend/src/api/loading-indicators.ts
@@ -0,0 +1,32 @@
+import { ILoadingIndicators } from '../mempool.interfaces';
+
+class LoadingIndicators {
+  private loadingIndicators: ILoadingIndicators = {
+    'mempool': 0,
+  };
+  private progressChangedCallback: ((loadingIndicators: ILoadingIndicators) => void) | undefined;
+
+  constructor() { }
+
+  public setProgressChangedCallback(fn: (loadingIndicators: ILoadingIndicators) => void) {
+    this.progressChangedCallback = fn;
+  }
+
+  public setProgress(name: string, progressPercent: number) {
+    const newProgress = Math.round(progressPercent);
+    if (newProgress >= 100) {
+      delete this.loadingIndicators[name];
+    } else {
+      this.loadingIndicators[name] = newProgress;
+    }
+    if (this.progressChangedCallback) {
+      this.progressChangedCallback(this.loadingIndicators);
+    }
+  }
+
+  public getLoadingIndicators() {
+    return this.loadingIndicators;
+  }
+}
+
+export default new LoadingIndicators();
diff --git a/backend/src/api/mempool.ts b/backend/src/api/mempool.ts
index 7f066f1a6..27cd94794 100644
--- a/backend/src/api/mempool.ts
+++ b/backend/src/api/mempool.ts
@@ -6,6 +6,7 @@ import { Common } from './common';
 import transactionUtils from './transaction-utils';
 import { IBitcoinApi } from './bitcoin/bitcoin-api.interface';
 import bitcoinBaseApi from './bitcoin/bitcoin-base.api';
+import loadingIndicators from './loading-indicators';
 
 class Mempool {
   private inSync: boolean = false;
@@ -90,6 +91,10 @@ class Mempool {
     const diff = transactions.length - currentMempoolSize;
     const newTransactions: TransactionExtended[] = [];
 
+    if (!this.inSync) {
+      loadingIndicators.setProgress('mempool', Object.keys(this.mempoolCache).length / transactions.length * 100);
+    }
+
     for (const txid of transactions) {
       if (!this.mempoolCache[txid]) {
         const transaction = await transactionUtils.$getTransactionExtended(txid, true);
@@ -162,6 +167,7 @@ class Mempool {
     if (!this.inSync && transactions.length === Object.keys(newMempool).length) {
       this.inSync = true;
       logger.info('The mempool is now in sync!');
+      loadingIndicators.setProgress('mempool', 100);
     }
 
     if (this.mempoolChangedCallback && (hasChange || deletedTransactions.length)) {
diff --git a/backend/src/api/websocket-handler.ts b/backend/src/api/websocket-handler.ts
index 898cca125..2d4e75d6f 100644
--- a/backend/src/api/websocket-handler.ts
+++ b/backend/src/api/websocket-handler.ts
@@ -1,12 +1,13 @@
 import logger from '../logger';
 import * as WebSocket from 'ws';
-import { BlockExtended, TransactionExtended, WebsocketResponse, MempoolBlock, OptimizedStatistic } from '../mempool.interfaces';
+import { BlockExtended, TransactionExtended, WebsocketResponse, MempoolBlock, OptimizedStatistic, ILoadingIndicators } from '../mempool.interfaces';
 import blocks from './blocks';
 import memPool from './mempool';
 import backendInfo from './backend-info';
 import mempoolBlocks from './mempool-blocks';
 import fiatConversion from './fiat-conversion';
 import { Common } from './common';
+import loadingIndicators from './loading-indicators';
 
 class WebsocketHandler {
   private wss: WebSocket.Server | undefined;
@@ -117,6 +118,19 @@ class WebsocketHandler {
     });
   }
 
+  handleLoadingChanged(indicators: ILoadingIndicators) {
+    if (!this.wss) {
+      throw new Error('WebSocket.Server is not set');
+    }
+
+    this.wss.clients.forEach((client: WebSocket) => {
+      if (client.readyState !== WebSocket.OPEN) {
+        return;
+      }
+      client.send(JSON.stringify({ loadingIndicators: indicators }));
+    });
+  }
+
   getInitData(_blocks?: BlockExtended[]) {
     if (!_blocks) {
       _blocks = blocks.getBlocks().slice(-8);
@@ -131,6 +145,7 @@ class WebsocketHandler {
       'transactions': memPool.getLatestTransactions(),
       'git-commit': backendInfo.gitCommitHash,
       'hostname': backendInfo.hostname,
+      'loadingIndicators': loadingIndicators.getLoadingIndicators(),
       ...this.extraInitProperties
     };
   }
diff --git a/backend/src/index.ts b/backend/src/index.ts
index 4c753fea7..d2db74b74 100644
--- a/backend/src/index.ts
+++ b/backend/src/index.ts
@@ -20,6 +20,7 @@ import bisqMarkets from './api/bisq/markets';
 import donations from './api/donations';
 import logger from './logger';
 import backendInfo from './api/backend-info';
+import loadingIndicators from './api/loading-indicators';
 
 class Server {
   private wss: WebSocket.Server | undefined;
@@ -135,6 +136,7 @@ class Server {
     blocks.setNewBlockCallback(websocketHandler.handleNewBlock.bind(websocketHandler));
     memPool.setMempoolChangedCallback(websocketHandler.handleMempoolChange.bind(websocketHandler));
     donations.setNotfyDonationStatusCallback(websocketHandler.handleNewDonation.bind(websocketHandler));
+    loadingIndicators.setProgressChangedCallback(websocketHandler.handleLoadingChanged.bind(websocketHandler));
   }
 
   setUpHttpApiRoutes() {
diff --git a/backend/src/mempool.interfaces.ts b/backend/src/mempool.interfaces.ts
index 1058df7f0..34d1bf6b6 100644
--- a/backend/src/mempool.interfaces.ts
+++ b/backend/src/mempool.interfaces.ts
@@ -136,3 +136,4 @@ interface RequiredParams {
   types: ('@string' | '@number' | '@boolean' | string)[];
 }
 
+export interface ILoadingIndicators { [name: string]: number; }
diff --git a/frontend/src/app/dashboard/dashboard.component.html b/frontend/src/app/dashboard/dashboard.component.html
index dcc7df9dd..a78092376 100644
--- a/frontend/src/app/dashboard/dashboard.component.html
+++ b/frontend/src/app/dashboard/dashboard.component.html
@@ -179,8 +179,8 @@
 <ng-template #txPerSecond let-mempoolInfoData>
   <h5 class="card-title" i18n="dashboard.incoming-transactions">Incoming transactions</h5>
   <ng-template [ngIf]="mempoolInfoData.value" [ngIfElse]="loading">
-    <span *ngIf="mempoolInfoData.value.vBytesPerSecond === 0; else inSync">
-      &nbsp;<span class="badge badge-pill badge-warning" i18n="dashboard.backend-is-synchronizing">Backend is synchronizing</span>
+    <span *ngIf="(mempoolLoadingStatus$ | async) !== 100; else inSync">
+      &nbsp;<span class="badge badge-pill badge-warning"><ng-container i18n="dashboard.backend-is-synchronizing">Backend is synchronizing</ng-container> ({{ mempoolLoadingStatus$ | async }}%)</span>
     </span>
     <ng-template #inSync>
       <div class="progress sub-text" style="max-width: 250px;">
diff --git a/frontend/src/app/dashboard/dashboard.component.ts b/frontend/src/app/dashboard/dashboard.component.ts
index 6e419712e..6f573aac2 100644
--- a/frontend/src/app/dashboard/dashboard.component.ts
+++ b/frontend/src/app/dashboard/dashboard.component.ts
@@ -50,6 +50,7 @@ export class DashboardComponent implements OnInit {
   mempoolBlocksData$: Observable<MempoolBlocksData>;
   mempoolInfoData$: Observable<MempoolInfoData>;
   difficultyEpoch$: Observable<EpochProgress>;
+  mempoolLoadingStatus$: Observable<number>;
   vBytesPerSecondLimit = 1667;
   blocks$: Observable<Block[]>;
   transactions$: Observable<TransactionStripped[]>;
@@ -77,6 +78,9 @@ export class DashboardComponent implements OnInit {
     this.websocketService.want(['blocks', 'stats', 'mempool-blocks', 'live-2h-chart']);
     this.network$ = merge(of(''), this.stateService.networkChanged$);
     this.collapseLevel = this.storageService.getValue('dashboard-collapsed') || 'one';
+    this.mempoolLoadingStatus$ = this.stateService.loadingIndicators$.pipe(
+      map((indicators) => indicators.mempool !== undefined ? indicators.mempool : 100)
+    );
 
     this.languageForm = this.formBuilder.group({
       language: ['']
diff --git a/frontend/src/app/interfaces/websocket.interface.ts b/frontend/src/app/interfaces/websocket.interface.ts
index 893dc1f99..e6d21267b 100644
--- a/frontend/src/app/interfaces/websocket.interface.ts
+++ b/frontend/src/app/interfaces/websocket.interface.ts
@@ -1,3 +1,4 @@
+import { ILoadingIndicators } from '../services/state.service';
 import { Block, Transaction } from './electrs.interface';
 
 export interface WebsocketResponse {
@@ -15,6 +16,7 @@ export interface WebsocketResponse {
   rbfTransaction?: Transaction;
   transactions?: TransactionStripped[];
   donationConfirmed?: boolean;
+  loadingIndicators?: ILoadingIndicators;
   'track-tx'?: string;
   'track-address'?: string;
   'track-asset'?: string;
diff --git a/frontend/src/app/services/state.service.ts b/frontend/src/app/services/state.service.ts
index 29b501f1e..289a2caa0 100644
--- a/frontend/src/app/services/state.service.ts
+++ b/frontend/src/app/services/state.service.ts
@@ -13,6 +13,8 @@ interface MarkBlockState {
   txFeePerVSize?: number;
 }
 
+export interface ILoadingIndicators { [name: string]: number; }
+
 export interface Env {
   TESTNET_ENABLED: boolean;
   LIQUID_ENABLED: boolean;
@@ -63,6 +65,7 @@ export class StateService {
   lastDifficultyAdjustment$ = new ReplaySubject<number>(1);
   gitCommit$ = new ReplaySubject<string>(1);
   donationConfirmed$ = new Subject();
+  loadingIndicators$ = new ReplaySubject<ILoadingIndicators>(1);
 
   live2Chart$ = new Subject<OptimizedMempoolStats>();
 
diff --git a/frontend/src/app/services/websocket.service.ts b/frontend/src/app/services/websocket.service.ts
index 71bbe5263..66bb70b54 100644
--- a/frontend/src/app/services/websocket.service.ts
+++ b/frontend/src/app/services/websocket.service.ts
@@ -270,6 +270,10 @@ export class WebsocketService {
       this.stateService.live2Chart$.next(response['live-2h-chart']);
     }
 
+    if (response.loadingIndicators) {
+      this.stateService.loadingIndicators$.next(response.loadingIndicators);
+    }
+
     if (response.mempoolInfo) {
       this.stateService.mempoolInfo$.next(response.mempoolInfo);
     }