BigBrotr is running a monitor — 2,170 relays. There are a couple of bugs in the NIP-66 publishing that I'm fixing, which is probably why nostr.watch isn't picking it up properly.
It's more of a configurable observatory than a monolith though. Discovery, monitoring, and archiving are independent services — you pick the breadth (which relays) and depth (which checks, which event filters) based on what you need and what you can afford to run.
You can use it to serve raw events if you want, or as a crawler for specific kinds where global reach matters — like profiles, contact lists, relay lists — and feed those into a relay. But the main point is computing insights from the data, synthetic network analisys, or running a trusted authority with NIP-85 assertions backed by observed data.