diff --git a/CHANGELOG.md b/CHANGELOG.md
index ba69525d735..2c157b778a8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -69,6 +69,10 @@
   - Update to `libp2p-websocket` `v0.34.0`.
   - Update to `libp2p-yamux` `v0.36.0`.
 
+- Drop support for gossipsub in the wasm32-unknown-unknown target (see [PR 2506]).
+
+[PR 2506]: https://github.com/libp2p/rust-libp2p/pull/2506
+
 ## Version 0.42.1 [2022-02-02]
 
 - Update individual crates.
diff --git a/Cargo.toml b/Cargo.toml
index af0508975d6..df5e8e59451 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -81,7 +81,6 @@ libp2p-autonat = { version = "0.2.0", path = "protocols/autonat", optional = tru
 libp2p-core = { version = "0.32.0", path = "core",  default-features = false }
 libp2p-dcutr = { version = "0.1.0", path = "protocols/dcutr",  optional = true }
 libp2p-floodsub = { version = "0.34.0", path = "protocols/floodsub", optional = true }
-libp2p-gossipsub = { version = "0.36.0", path = "./protocols/gossipsub", optional = true }
 libp2p-identify = { version = "0.34.0", path = "protocols/identify", optional = true }
 libp2p-kad = { version = "0.35.0", path = "protocols/kad", optional = true }
 libp2p-metrics = { version = "0.4.0", path = "misc/metrics", optional = true }
@@ -111,6 +110,9 @@ libp2p-mdns = { version = "0.35.0", path = "protocols/mdns", optional = true }
 libp2p-tcp = { version = "0.32.0", path = "transports/tcp", default-features = false, optional = true }
 libp2p-websocket = { version = "0.34.0", path = "transports/websocket", optional = true }
 
+[target.'cfg(not(target_os = "unknown"))'.dependencies]
+libp2p-gossipsub = { version = "0.36.0", path = "protocols/gossipsub", optional = true }
+
 [dev-dependencies]
 async-std = { version = "1.6.2", features = ["attributes"] }
 async-trait = "0.1"
diff --git a/misc/metrics/CHANGELOG.md b/misc/metrics/CHANGELOG.md
index d2fe0a85726..d5ee1c5248b 100644
--- a/misc/metrics/CHANGELOG.md
+++ b/misc/metrics/CHANGELOG.md
@@ -14,7 +14,10 @@
 
 - Move from `open-metrics-client` to `prometheus-client` (see [PR 2442]).
 
+- Drop support for gossipsub in wasm32-unknown-unknown target (see [PR 2506]).
+
 [PR 2442]: https://github.com/libp2p/rust-libp2p/pull/2442
+[PR 2506]: https://github.com/libp2p/rust-libp2p/pull/2506
 
 # 0.3.0 [2022-01-27]
 
diff --git a/misc/metrics/Cargo.toml b/misc/metrics/Cargo.toml
index 487ab9dd531..e784e1671d7 100644
--- a/misc/metrics/Cargo.toml
+++ b/misc/metrics/Cargo.toml
@@ -21,7 +21,6 @@ dcutr = ["libp2p-dcutr"]
 [dependencies]
 libp2p-core = { version = "0.32.0", path = "../../core", default-features = false }
 libp2p-dcutr =  { version = "0.1.0", path = "../../protocols/dcutr", optional = true }
-libp2p-gossipsub =  { version = "0.36.0", path = "../../protocols/gossipsub", optional = true }
 libp2p-identify = { version = "0.34.0", path = "../../protocols/identify", optional = true }
 libp2p-kad = { version = "0.35.0", path = "../../protocols/kad", optional = true }
 libp2p-ping = { version = "0.34.0", path = "../../protocols/ping", optional = true }
@@ -29,6 +28,9 @@ libp2p-relay =  { version = "0.7.0", path = "../../protocols/relay", optional =
 libp2p-swarm = { version = "0.34.0", path = "../../swarm" }
 prometheus-client = "0.15.0"
 
+[target.'cfg(not(target_os = "unknown"))'.dependencies]
+libp2p-gossipsub =  { version = "0.36.0", path = "../../protocols/gossipsub", optional = true }
+
 [dev-dependencies]
 env_logger = "0.8.1"
 futures = "0.3.1"
diff --git a/misc/metrics/src/lib.rs b/misc/metrics/src/lib.rs
index 6acb0c55f5a..634d13590df 100644
--- a/misc/metrics/src/lib.rs
+++ b/misc/metrics/src/lib.rs
@@ -28,6 +28,7 @@
 #[cfg(feature = "dcutr")]
 mod dcutr;
 #[cfg(feature = "gossipsub")]
+#[cfg(not(target_os = "unknown"))]
 mod gossipsub;
 #[cfg(feature = "identify")]
 mod identify;
@@ -46,6 +47,7 @@ pub struct Metrics {
     #[cfg(feature = "dcutr")]
     dcutr: dcutr::Metrics,
     #[cfg(feature = "gossipsub")]
+    #[cfg(not(target_os = "unknown"))]
     gossipsub: gossipsub::Metrics,
     #[cfg(feature = "identify")]
     identify: identify::Metrics,
@@ -73,6 +75,7 @@ impl Metrics {
             #[cfg(feature = "dcutr")]
             dcutr: dcutr::Metrics::new(sub_registry),
             #[cfg(feature = "gossipsub")]
+            #[cfg(not(target_os = "unknown"))]
             gossipsub: gossipsub::Metrics::new(sub_registry),
             #[cfg(feature = "identify")]
             identify: identify::Metrics::new(sub_registry),
diff --git a/protocols/gossipsub/CHANGELOG.md b/protocols/gossipsub/CHANGELOG.md
index 857697c42db..0e423d9b80d 100644
--- a/protocols/gossipsub/CHANGELOG.md
+++ b/protocols/gossipsub/CHANGELOG.md
@@ -10,9 +10,12 @@
 
 - Merge NetworkBehaviour's inject_\* paired methods (see PR 2445).
 
+- Revert to wasm-timer (see [PR 2506]).
+
 [PR 2442]: https://github.com/libp2p/rust-libp2p/pull/2442
 [PR 2481]: https://github.com/libp2p/rust-libp2p/pull/2481
 [PR 2445]: https://github.com/libp2p/rust-libp2p/pull/2445
+[PR 2506]: https://github.com/libp2p/rust-libp2p/pull/2506
 
 # 0.35.0 [2022-01-27]
 
diff --git a/protocols/gossipsub/Cargo.toml b/protocols/gossipsub/Cargo.toml
index 9ffff384946..a765fb38a8f 100644
--- a/protocols/gossipsub/Cargo.toml
+++ b/protocols/gossipsub/Cargo.toml
@@ -27,10 +27,9 @@ smallvec = "1.6.1"
 prost = "0.9"
 hex_fmt = "0.3.0"
 regex = "1.4.0"
-futures-timer = "3.0.2"
-pin-project = "1.0.8"
-instant = "0.1.11"
 serde = { version = "1", optional = true, features = ["derive"] }
+wasm-timer = "0.2.5"
+instant = "0.1.11"
 # Metrics dependencies
 prometheus-client = "0.15.0"
 
diff --git a/protocols/gossipsub/src/backoff.rs b/protocols/gossipsub/src/backoff.rs
index 2fe0eb7fd56..3e902bca4b7 100644
--- a/protocols/gossipsub/src/backoff.rs
+++ b/protocols/gossipsub/src/backoff.rs
@@ -20,13 +20,13 @@
 
 //! Data structure for efficiently storing known back-off's when pruning peers.
 use crate::topic::TopicHash;
-use instant::Instant;
-use libp2p_core::PeerId;
-use std::collections::{
-    hash_map::{Entry, HashMap},
-    HashSet,
-};
-use std::time::Duration;
+use libp2p_core::PeerId;
+use std::collections::{
+    hash_map::{Entry, HashMap},
+    HashSet,
+};
+use std::time::Duration;
+use wasm_timer::Instant;
 
 #[derive(Copy, Clone)]
 struct HeartbeatIndex(usize);
diff --git a/protocols/gossipsub/src/behaviour.rs b/protocols/gossipsub/src/behaviour.rs
index c354936ef2f..38fc527a2d7 100644
--- a/protocols/gossipsub/src/behaviour.rs
+++ b/protocols/gossipsub/src/behaviour.rs
@@ -36,7 +36,6 @@ use prometheus_client::registry::Registry;
 use prost::Message;
 use rand::{seq::SliceRandom, thread_rng};
 
-use instant::Instant;
 use libp2p_core::{
     connection::ConnectionId, identity::Keypair, multiaddr::Protocol::Ip4,
     multiaddr::Protocol::Ip6, ConnectedPoint, Multiaddr, PeerId,
@@ -45,7 +44,9 @@ use libp2p_swarm::{
     dial_opts::{self, DialOpts},
     IntoProtocolsHandler, NetworkBehaviour, NetworkBehaviourAction, NotifyHandler, PollParameters,
 };
+use wasm_timer::Instant;
 
+use crate::backoff::BackoffStorage;
 use crate::config::{GossipsubConfig, ValidationMode};
 use crate::error::{PublishError, SubscriptionError, ValidationError};
 use crate::gossip_promises::GossipPromises;
@@ -63,9 +64,9 @@ use crate::types::{
     GossipsubSubscriptionAction, MessageAcceptance, MessageId, PeerInfo, RawGossipsubMessage,
 };
 use crate::types::{GossipsubRpc, PeerConnections, PeerKind};
-use crate::{backoff::BackoffStorage, interval::Interval};
 use crate::{rpc_proto, TopicScoreParams};
 use std::{cmp::Ordering::Equal, fmt::Debug};
+use wasm_timer::Interval;
 
 #[cfg(test)]
 mod tests;
@@ -439,8 +440,8 @@ where
                 config.backoff_slack(),
             ),
             mcache: MessageCache::new(config.history_gossip(), config.history_length()),
-            heartbeat: Interval::new_initial(
-                config.heartbeat_initial_delay(),
+            heartbeat: Interval::new_at(
+                Instant::now() + config.heartbeat_initial_delay(),
                 config.heartbeat_interval(),
             ),
             heartbeat_ticks: 0,
diff --git a/protocols/gossipsub/src/gossip_promises.rs b/protocols/gossipsub/src/gossip_promises.rs
index 4cd692e27e9..40ea89a0629 100644
--- a/protocols/gossipsub/src/gossip_promises.rs
+++ b/protocols/gossipsub/src/gossip_promises.rs
@@ -21,10 +21,10 @@
 use crate::error::ValidationError;
 use crate::peer_score::RejectReason;
 use crate::MessageId;
-use instant::Instant;
 use libp2p_core::PeerId;
 use log::debug;
 use std::collections::HashMap;
+use wasm_timer::Instant;
 
 /// Tracks recently sent `IWANT` messages and checks if peers respond to them.
 #[derive(Default)]
diff --git a/protocols/gossipsub/src/interval.rs b/protocols/gossipsub/src/interval.rs
deleted file mode 100644
index 3080f541a55..00000000000
--- a/protocols/gossipsub/src/interval.rs
+++ /dev/null
@@ -1,209 +0,0 @@
-// Copyright 2021 Oliver Wangler <oliver@wngr.de>
-// Copyright 2019 Pierre Krieger
-// Copyright (c) 2019 Tokio Contributors
-//
-// Permission is hereby granted, free of charge, to any person obtaining a copy of
-// this software and associated documentation files (the "Software"), to deal in
-// the Software without restriction, including without limitation the rights to
-// use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of
-// the Software, and to permit persons to whom the Software is furnished to do so,
-// subject to the following conditions:
-//
-// The above copyright notice and this permission notice shall be included in all
-// copies or substantial portions of the Software.
-//
-// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
-// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS
-// FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS
-// OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY,
-// WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN
-// CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
-//
-// Initial version copied from
-// https://github.com/tomaka/wasm-timer/blob/8964804eff980dd3eb115b711c57e481ba541708/src/timer/interval.rs
-// and adapted.
-use std::{
-    pin::Pin,
-    task::{Context, Poll},
-    time::Duration,
-};
-
-use futures::prelude::*;
-use futures_timer::Delay;
-use instant::Instant;
-use pin_project::pin_project;
-
-/// A stream representing notifications at fixed interval
-///
-/// Intervals are created through the `Interval::new` or
-/// `Interval::new_intial` methods indicating when a first notification
-/// should be triggered and when it will be repeated.
-///
-/// Note that intervals are not intended for high resolution timers, but rather
-/// they will likely fire some granularity after the exact instant that they're
-/// otherwise indicated to fire at.
-#[pin_project]
-#[derive(Debug)]
-pub struct Interval {
-    #[pin]
-    delay: Delay,
-    interval: Duration,
-    fires_at: Instant,
-}
-
-impl Interval {
-    /// Creates a new interval which will fire at `dur` time into the future,
-    /// and will repeat every `dur` interval after
-    ///
-    /// The returned object will be bound to the default timer for this thread.
-    /// The default timer will be spun up in a helper thread on first use.
-    pub fn new(dur: Duration) -> Interval {
-        Interval::new_initial(dur, dur)
-    }
-
-    /// Creates a new interval which will fire the first time after the specified `initial_delay`,
-    /// and then will repeat every `dur` interval after.
-    ///
-    /// The returned object will be bound to the default timer for this thread.
-    /// The default timer will be spun up in a helper thread on first use.
-    pub fn new_initial(initial_delay: Duration, dur: Duration) -> Interval {
-        let fires_at = Instant::now() + initial_delay;
-        Interval {
-            delay: Delay::new(initial_delay),
-            interval: dur,
-            fires_at,
-        }
-    }
-}
-
-impl Stream for Interval {
-    type Item = ();
-
-    fn poll_next(mut self: Pin<&mut Self>, cx: &mut Context<'_>) -> Poll<Option<Self::Item>> {
-        if self.as_mut().project().delay.poll(cx).is_pending() {
-            return Poll::Pending;
-        }
-        let next = next_interval(self.fires_at, Instant::now(), self.interval);
-        self.delay.reset(next);
-        self.fires_at += next;
-        Poll::Ready(Some(()))
-    }
-}
-
-/// Converts Duration object to raw nanoseconds if possible
-///
-/// This is useful to divide intervals.
-///
-/// While technically for large duration it's impossible to represent any
-/// duration as nanoseconds, the largest duration we can represent is about
-/// 427_000 years. Large enough for any interval we would use or calculate in
-/// tokio.
-fn duration_to_nanos(dur: Duration) -> Option<u64> {
-    let v = dur.as_secs().checked_mul(1_000_000_000)?;
-    v.checked_add(dur.subsec_nanos() as u64)
-}
-
-fn next_interval(prev: Instant, now: Instant, interval: Duration) -> Duration {
-    let new = prev + interval;
-    if new > now {
-        interval
-    } else {
-        let spent_ns =
-            duration_to_nanos(now.duration_since(prev)).expect("interval should be expired");
-        let interval_ns =
-            duration_to_nanos(interval).expect("interval is less that 427 thousand years");
-        let mult = spent_ns / interval_ns + 1;
-        assert!(
-            mult < (1 << 32),
-            "can't skip more than 4 billion intervals of {:?} \
-             (trying to skip {})",
-            interval,
-            mult
-        );
-        interval * mult as u32
-    }
-}
-
-#[cfg(test)]
-mod test {
-    use super::next_interval;
-    use std::time::{Duration, Instant};
-
-    struct Timeline(Instant);
-
-    impl Timeline {
-        fn new() -> Timeline {
-            Timeline(Instant::now())
-        }
-        fn at(&self, millis: u64) -> Instant {
-            self.0 + Duration::from_millis(millis)
-        }
-        fn at_ns(&self, sec: u64, nanos: u32) -> Instant {
-            self.0 + Duration::new(sec, nanos)
-        }
-    }
-
-    fn dur(millis: u64) -> Duration {
-        Duration::from_millis(millis)
-    }
-
-    // The math around Instant/Duration isn't 100% precise due to rounding
-    // errors
-    fn almost_eq(a: Instant, b: Instant) -> bool {
-        let diff = match a.cmp(&b) {
-            std::cmp::Ordering::Less => b - a,
-            std::cmp::Ordering::Equal => return true,
-            std::cmp::Ordering::Greater => a - b,
-        };
-
-        diff < Duration::from_millis(1)
-    }
-
-    #[test]
-    fn norm_next() {
-        let tm = Timeline::new();
-        assert!(almost_eq(
-            tm.at(1) + next_interval(tm.at(1), tm.at(2), dur(10)),
-            tm.at(11)
-        ));
-        assert!(almost_eq(
-            tm.at(7777) + next_interval(tm.at(7777), tm.at(7788), dur(100)),
-            tm.at(7877)
-        ));
-        assert!(almost_eq(
-            tm.at(1) + next_interval(tm.at(1), tm.at(1000), dur(2100)),
-            tm.at(2101)
-        ));
-    }
-
-    #[test]
-    fn fast_forward() {
-        let tm = Timeline::new();
-
-        assert!(almost_eq(
-            tm.at(1) + next_interval(tm.at(1), tm.at(1000), dur(10)),
-            tm.at(1001)
-        ));
-        assert!(almost_eq(
-            tm.at(7777) + next_interval(tm.at(7777), tm.at(8888), dur(100)),
-            tm.at(8977)
-        ));
-        assert!(almost_eq(
-            tm.at(1) + next_interval(tm.at(1), tm.at(10000), dur(2100)),
-            tm.at(10501)
-        ));
-    }
-
-    /// TODO: this test actually should be successful, but since we can't
-    ///       multiply Duration on anything larger than u32 easily we decided
-    ///       to allow it to fail for now
-    #[test]
-    #[should_panic(expected = "can't skip more than 4 billion intervals")]
-    fn large_skip() {
-        let tm = Timeline::new();
-        assert_eq!(
-            tm.0 + next_interval(tm.at_ns(0, 1), tm.at_ns(25, 0), Duration::new(0, 2)),
-            tm.at_ns(25, 1)
-        );
-    }
-}
diff --git a/protocols/gossipsub/src/lib.rs b/protocols/gossipsub/src/lib.rs
index 4088a71f128..0168a0a2842 100644
--- a/protocols/gossipsub/src/lib.rs
+++ b/protocols/gossipsub/src/lib.rs
@@ -142,7 +142,6 @@ mod behaviour;
 mod config;
 mod gossip_promises;
 mod handler;
-mod interval;
 mod mcache;
 pub mod metrics;
 mod peer_score;
diff --git a/protocols/gossipsub/src/peer_score.rs b/protocols/gossipsub/src/peer_score.rs
index b7010f5bd08..d8d0650daf7 100644
--- a/protocols/gossipsub/src/peer_score.rs
+++ b/protocols/gossipsub/src/peer_score.rs
@@ -24,12 +24,12 @@
 use crate::metrics::{Metrics, Penalty};
 use crate::time_cache::TimeCache;
 use crate::{MessageId, TopicHash};
-use instant::Instant;
 use libp2p_core::PeerId;
 use log::{debug, trace, warn};
 use std::collections::{hash_map, HashMap, HashSet};
 use std::net::IpAddr;
 use std::time::Duration;
+use wasm_timer::Instant;
 
 mod params;
 use crate::error::ValidationError;
diff --git a/protocols/gossipsub/src/time_cache.rs b/protocols/gossipsub/src/time_cache.rs
index 69ec67d3710..63a78e951f3 100644
--- a/protocols/gossipsub/src/time_cache.rs
+++ b/protocols/gossipsub/src/time_cache.rs
@@ -21,13 +21,13 @@
 //! This implements a time-based LRU cache for checking gossipsub message duplicates.
 
 use fnv::FnvHashMap;
-use instant::Instant;
 use std::collections::hash_map::{
     self,
     Entry::{Occupied, Vacant},
 };
 use std::collections::VecDeque;
 use std::time::Duration;
+use wasm_timer::Instant;
 
 struct ExpiringElement<Element> {
     /// The element that expires
diff --git a/src/lib.rs b/src/lib.rs
index 2cf70fd9be4..9060d39c517 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -68,6 +68,7 @@ pub use libp2p_dns as dns;
 pub use libp2p_floodsub as floodsub;
 #[cfg(feature = "gossipsub")]
 #[cfg_attr(docsrs, doc(cfg(feature = "gossipsub")))]
+#[cfg(not(target_os = "unknown"))]
 #[doc(inline)]
 pub use libp2p_gossipsub as gossipsub;
 #[cfg(feature = "identify")]