diff --git a/letta/monitoring/event_loop_watchdog.py b/letta/monitoring/event_loop_watchdog.py
index 18879da6..77e8fa9d 100644
--- a/letta/monitoring/event_loop_watchdog.py
+++ b/letta/monitoring/event_loop_watchdog.py
@@ -7,6 +7,7 @@ import asyncio
 import threading
 import time
 import traceback
+from collections import defaultdict
 from typing import Optional
 
 from letta.log import get_logger
@@ -128,6 +129,10 @@ class EventLoopWatchdog:
                         f"Event loop saturation detected: lag={current_lag:.2f}s, tasks={task_count}, max_lag_seen={max_lag_seen:.2f}s"
                     )
 
+                    # Only dump stack traces for severe lag (> 3s) to avoid noise
+                    if current_lag > 3.0:
+                        self._dump_asyncio_tasks()
+
                 if time_since_heartbeat > self.timeout_threshold:
                     consecutive_hangs += 1
                     logger.error(
@@ -135,8 +140,9 @@ class EventLoopWatchdog:
                         f"tasks={task_count}"
                     )
 
-                    # Dump basic state
+                    # Dump both thread state and asyncio tasks
                     self._dump_state()
+                    self._dump_asyncio_tasks()
 
                     if consecutive_hangs >= 2:
                         logger.critical(f"Event loop appears frozen ({consecutive_hangs} consecutive hangs), tasks={task_count}")
@@ -180,6 +186,75 @@ class EventLoopWatchdog:
         except Exception as e:
             logger.error(f"Failed to dump state: {e}")
 
+    def _dump_asyncio_tasks(self):
+        """Dump asyncio task stack traces to diagnose event loop saturation."""
+        try:
+            if not self._loop or self._loop.is_closed():
+                return
+
+            active_tasks = asyncio.all_tasks(self._loop)
+            if not active_tasks:
+                return
+
+            logger.warning(f"Severe lag detected - dumping active tasks ({len(active_tasks)} total):")
+
+            # Collect task data in single pass
+            tasks_by_location = defaultdict(list)
+
+            for task in active_tasks:
+                try:
+                    if task.done():
+                        continue
+                    stack = task.get_stack()
+                    if not stack:
+                        continue
+
+                    # Find top letta frame for grouping
+                    for frame in reversed(stack):
+                        if "letta" in frame.f_code.co_filename:
+                            idx = frame.f_code.co_filename.find("letta/")
+                            path = frame.f_code.co_filename[idx + 6 :] if idx != -1 else frame.f_code.co_filename
+                            location = f"{path}:{frame.f_lineno}:{frame.f_code.co_name}"
+                            tasks_by_location[location].append((task, stack))
+                            break
+                except Exception:
+                    continue
+
+            if not tasks_by_location:
+                return
+
+            total_tasks = sum(len(tasks) for tasks in tasks_by_location.values())
+            logger.warning(f"  Letta tasks: {total_tasks} total")
+
+            # Show all patterns, but only examples for top 5
+            sorted_patterns = sorted(tasks_by_location.items(), key=lambda x: len(x[1]), reverse=True)
+            num_patterns = len(sorted_patterns)
+
+            logger.warning(f"  Task patterns ({num_patterns} unique locations):")
+            for i, (location, tasks) in enumerate(sorted_patterns, 1):
+                logger.warning(f"    [{i}] {len(tasks)} tasks at: {location}")
+
+                # Only show example stack for top 5 patterns
+                if i <= 5:
+                    _, sample_stack = tasks[0]
+                    stack_summary = []
+                    for frame in sample_stack[-5:]:
+                        filename = frame.f_code.co_filename
+                        letta_idx = filename.find("letta/")
+                        if letta_idx != -1:
+                            stack_summary.append(f"{filename[letta_idx + 6 :]}:{frame.f_lineno}:{frame.f_code.co_name}")
+                        else:
+                            pkg_idx = filename.find("site-packages/")
+                            if pkg_idx != -1:
+                                lib_end = filename.find("/", pkg_idx + 14)
+                                lib = filename[pkg_idx + 14 : lib_end] if lib_end != -1 else "lib"
+                                stack_summary.append(f"[{lib}].{frame.f_code.co_name}")
+                    if stack_summary:
+                        logger.warning(f"        Example: {' → '.join(stack_summary)}")
+
+        except Exception as e:
+            logger.error(f"Failed to dump asyncio tasks: {e}")
+
 
 _global_watchdog: Optional[EventLoopWatchdog] = None