diff --git a/Cargo.lock b/Cargo.lock
index 3c3776a9f..150b90819 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6484,9 +6484,9 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry"
-version = "0.31.0"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b84bcd6ae87133e903af7ef497404dda70c60d0ea14895fc8a5e6722754fc2a0"
+checksum = "b0142c63252a9e054e68a4c61a5778f7b14f576274d593f8ce883d191a099682"
 dependencies = [
  "futures-core",
  "futures-sink",
@@ -6498,22 +6498,22 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-http"
-version = "0.31.0"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d7a6d09a73194e6b66df7c8f1b680f156d916a1a942abf2de06823dd02b7855d"
+checksum = "5683015d09e2df236ef005b17f6f196f0d5f6313c4fa43a7b6a53b52776e4331"
 dependencies = [
  "async-trait",
  "bytes",
  "http 1.4.2",
  "opentelemetry",
- "reqwest 0.12.28",
+ "reqwest 0.13.4",
 ]
 
 [[package]]
 name = "opentelemetry-otlp"
-version = "0.31.1"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1f69cd6acbb9af919df949cd1ec9e5e7fdc2ef15d234b6b795aaa525cc02f71f"
+checksum = "9966929966d17620d7c316c643ba62631826e10021409357772d5eea84f62c35"
 dependencies = [
  "http 1.4.2",
  "opentelemetry",
@@ -6521,18 +6521,18 @@ dependencies = [
  "opentelemetry-proto",
  "opentelemetry_sdk",
  "prost 0.14.4",
- "reqwest 0.12.28",
+ "reqwest 0.13.4",
  "thiserror 2.0.18",
  "tokio",
  "tonic",
- "tracing",
+ "tonic-types",
 ]
 
 [[package]]
 name = "opentelemetry-proto"
-version = "0.31.0"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a7175df06de5eaee9909d4805a3d07e28bb752c34cab57fa9cff549da596b30f"
+checksum = "56d658ba1faf63f7b9c492cfbe6e0ec365440a16132d3270c1065f7b33f1b638"
 dependencies = [
  "opentelemetry",
  "opentelemetry_sdk",
@@ -6543,21 +6543,22 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-semantic-conventions"
-version = "0.31.0"
+version = "0.32.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e62e29dfe041afb8ed2a6c9737ab57db4907285d999ef8ad3a59092a36bdc846"
+checksum = "c913ac17a6c451661ee255f4625d143e51647ae78ebd969b75e41c4442f4fe47"
 
 [[package]]
 name = "opentelemetry_sdk"
-version = "0.31.0"
+version = "0.32.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e14ae4f5991976fd48df6d843de219ca6d31b01daaab2dad5af2badeded372bd"
+checksum = "9b59f80e1ac4d5ff7a2db8fb6c80badb7f0f3f858211fba08dd9aaec750894f9"
 dependencies = [
  "futures-channel",
  "futures-executor",
  "futures-util",
  "opentelemetry",
  "percent-encoding",
+ "portable-atomic",
  "rand 0.9.4",
  "thiserror 2.0.18",
  "tokio",
@@ -7701,7 +7702,9 @@ dependencies = [
  "base64",
  "bytes",
  "encoding_rs",
+ "futures-channel",
  "futures-core",
+ "futures-util",
  "h2",
  "http 1.4.2",
  "http-body",
@@ -9791,6 +9794,17 @@ dependencies = [
  "tonic",
 ]
 
+[[package]]
+name = "tonic-types"
+version = "0.14.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2a875a902255423d34c1f20838ab374126db8eb41625b7947a1d54113b0b7399"
+dependencies = [
+ "prost 0.14.4",
+ "prost-types",
+ "tonic",
+]
+
 [[package]]
 name = "tower"
 version = "0.4.13"
diff --git a/zilliqa/Cargo.toml b/zilliqa/Cargo.toml
index a0494f74b..d542b74f3 100644
--- a/zilliqa/Cargo.toml
+++ b/zilliqa/Cargo.toml
@@ -46,9 +46,9 @@ k256 = { version = "0.13.4", features = ["serde", "pem"] }
 libp2p = { version = "0.56.0", features = ["cbor", "dns", "gossipsub", "macros", "tokio", "request-response", "kad", "identify", "serde", "autonat", "tcp", "noise", "yamux", "quic"] }
 lz4 = "1.28"
 once_cell = "1.21.4"
-opentelemetry = { version = "0.31.0", features = ["metrics"] }
-opentelemetry_sdk = { version = "0.31.0", features = ["rt-tokio"] }
-opentelemetry-otlp = { version = "0.31.1", default-features = true, features = [
+opentelemetry = { version = "0.32.0", features = ["metrics"] }
+opentelemetry_sdk = { version = "0.32.1", features = ["rt-tokio"] }
+opentelemetry-otlp = { version = "0.32.0", default-features = true, features = [
     "grpc-tonic",
     "metrics",
 ] }
@@ -93,7 +93,7 @@ bech32 = "0.12.0"
 cfg-if = "1.0.4"
 serde_repr = "0.1.20"
 thiserror = "2.0.18"
-opentelemetry-semantic-conventions = { version = "0.31.0", features = [
+opentelemetry-semantic-conventions = { version = "0.32.1", features = [
     "semconv_experimental",
 ] }
 semver = "1.0.23"