diff --git a/examples/examples/subscribe_chain_head_events.rs b/examples/examples/subscribe_chain_head_events.rs
new file mode 100644
index 0000000000..5dd5d43b85
--- /dev/null
+++ b/examples/examples/subscribe_chain_head_events.rs
@@ -0,0 +1,102 @@
+// Copyright 2019-2022 Parity Technologies (UK) Ltd.
+// This file is dual-licensed as Apache-2.0 or GPL-3.0.
+// see LICENSE for license details.
+
+//! To run this example, a local polkadot node should be running. Example verified against polkadot 0.9.29-41a9d84b152.
+//!
+//! E.g.
+//! ```bash
+//! curl "https://github.com/paritytech/polkadot/releases/download/v0.9.29/polkadot" --output /usr/local/bin/polkadot --location
+//! polkadot --dev --tmp
+//! ```
+
+use std::collections::HashMap;
+
+use subxt::{
+    rpc::types::FollowEvent,
+    OnlineClient,
+    PolkadotConfig,
+};
+use tokio::time::Instant;
+
+#[subxt::subxt(runtime_metadata_path = "../artifacts/polkadot_metadata.scale")]
+pub mod polkadot {}
+
+#[tokio::main]
+async fn main() -> Result<(), Box<dyn std::error::Error>> {
+    tracing_subscriber::fmt::init();
+
+    // Create a client to use:
+    let api =
+        OnlineClient::<PolkadotConfig>::from_url("wss://rpc.polkadot.io:443").await?;
+
+    // Start the chainHead subscription without runtime information.
+    let mut chain_head = api.rpc().chainhead_unstable_follow(false).await?;
+
+    let subscription_id = chain_head
+        .subscription_id()
+        .expect("A subscription ID must be provided")
+        .to_string();
+
+    let mut best_blocks = HashMap::new();
+
+    while let Some(event) = chain_head.next().await {
+        let event = event?;
+
+        match event {
+            // Drain the initialized event.
+            FollowEvent::Initialized(init) => {
+                let _res = api
+                    .rpc()
+                    .chainhead_unstable_unpin(
+                        subscription_id.clone(),
+                        init.finalized_block_hash,
+                    )
+                    .await;
+            }
+            FollowEvent::NewBlock(_) => continue,
+            FollowEvent::BestBlockChanged(best_block) => {
+                let Some(header) = api.rpc().header(Some(best_block.best_block_hash)).await? else {
+                    // Expected substrate to provide a valid header.
+                    continue
+                };
+
+                // Insert the best block for book keeping.
+                best_blocks
+                    .insert(best_block.best_block_hash, (header.number, Instant::now()));
+            }
+            FollowEvent::Finalized(finalized) => {
+                let now = Instant::now();
+
+                for finalized_hash in finalized.finalized_block_hashes.iter() {
+                    let Some((block_number, best_time)) =
+                        best_blocks.remove(finalized_hash) else {
+                            continue
+                    };
+
+                    println!(
+                        "Finalization lag: {:?}ms for block #{} with hash {:?}",
+                        now.checked_duration_since(best_time)
+                            .map(|duration| duration.as_millis()),
+                        block_number,
+                        finalized_hash,
+                    );
+                }
+
+                for hash in finalized
+                    .finalized_block_hashes
+                    .iter()
+                    .chain(finalized.pruned_block_hashes.iter())
+                {
+                    let _res = api
+                        .rpc()
+                        .chainhead_unstable_unpin(subscription_id.clone(), *hash)
+                        .await;
+                }
+            }
+            FollowEvent::Stop => break,
+        }
+    }
+
+    Ok(())
+}