diff --git a/Cargo.lock b/Cargo.lock
index de303314e9..02fb9a876b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -867,34 +867,6 @@ dependencies = [
  "tracing",
 ]
 
-[[package]]
-name = "axum"
-version = "0.6.20"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3b829e4e32b91e643de6eafe82b1d90675f5874230191a4ffbc1b336dec4d6bf"
-dependencies = [
- "async-trait",
- "axum-core 0.3.4",
- "bitflags 1.3.2",
- "bytes",
- "futures-util",
- "http 0.2.11",
- "http-body 0.4.5",
- "hyper 0.14.27",
- "itoa",
- "matchit",
- "memchr",
- "mime",
- "percent-encoding",
- "pin-project-lite",
- "rustversion",
- "serde",
- "sync_wrapper 0.1.2",
- "tower",
- "tower-layer",
- "tower-service",
-]
-
 [[package]]
 name = "axum"
 version = "0.7.4"
@@ -902,7 +874,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1236b4b292f6c4d6dc34604bb5120d85c3fe1d1aa596bd5cc52ca054d13e7b9e"
 dependencies = [
  "async-trait",
- "axum-core 0.4.3",
+ "axum-core",
  "axum-macros",
  "bytes",
  "futures-util",
@@ -930,23 +902,6 @@ dependencies = [
  "tracing",
 ]
 
-[[package]]
-name = "axum-core"
-version = "0.3.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "759fa577a247914fd3f7f76d62972792636412fbfd634cd452f6a385a74d2d2c"
-dependencies = [
- "async-trait",
- "bytes",
- "futures-util",
- "http 0.2.11",
- "http-body 0.4.5",
- "mime",
- "rustversion",
- "tower-layer",
- "tower-service",
-]
-
 [[package]]
 name = "axum-core"
 version = "0.4.3"
@@ -1226,9 +1181,9 @@ checksum = "1fd0f2584146f6f2ef48085050886acf353beff7305ebd1ae69500e27c67f64b"
 
 [[package]]
 name = "bytes"
-version = "1.6.1"
+version = "1.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a12916984aab3fa6e39d655a33e09c0071eb36d6ab3aea5c2d78551f1df6d952"
+checksum = "9ac0150caa2ae65ca5bd83f25c7de183dea78d4d366469f148435e2acfbad0da"
 dependencies = [
  "serde",
 ]
@@ -3575,14 +3530,15 @@ dependencies = [
 
 [[package]]
 name = "hyper-timeout"
-version = "0.4.1"
+version = "0.5.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bbb958482e8c7be4bc3cf272a766a2b0bf1a6755e7a6ae777f017a31d11b13b1"
+checksum = "2b90d566bffbce6a75bd8b09a05aa8c2cb1fabb6cb348f8840c9e4c90a0d83b0"
 dependencies = [
- "hyper 0.14.27",
+ "hyper 1.4.1",
+ "hyper-util",
  "pin-project-lite",
  "tokio",
- "tokio-io-timeout",
+ "tower-service",
 ]
 
 [[package]]
@@ -3603,9 +3559,9 @@ dependencies = [
 
 [[package]]
 name = "hyper-util"
-version = "0.1.3"
+version = "0.1.10"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ca38ef113da30126bbff9cd1705f9273e15d45498615d138b0c20279ac7a76aa"
+checksum = "df2dcfbe0677734ab2f3ffa7fa7bfd4706bfdc1ef393f2ee30184aed67e631b4"
 dependencies = [
  "bytes",
  "futures-channel",
@@ -3616,7 +3572,6 @@ dependencies = [
  "pin-project-lite",
  "socket2 0.5.5",
  "tokio",
- "tower",
  "tower-service",
  "tracing",
 ]
@@ -3917,15 +3872,6 @@ dependencies = [
  "either",
 ]
 
-[[package]]
-name = "itertools"
-version = "0.11.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b1c173a5686ce8bfa551b3563d0c2170bf24ca44da99c7ca4bfdab5418c3fe57"
-dependencies = [
- "either",
-]
-
 [[package]]
 name = "itertools"
 version = "0.12.1"
@@ -5860,7 +5806,7 @@ dependencies = [
  "air-interpreter-wasm",
  "aquamarine",
  "avm-server",
- "axum 0.7.4",
+ "axum",
  "base64 0.21.7",
  "blake3",
  "bs58",
@@ -6182,9 +6128,9 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry"
-version = "0.23.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1b69a91d4893e713e06f724597ad630f1fa76057a5e1026c0ca67054a9032a76"
+checksum = "0f3cebff57f7dbd1255b44d8bddc2cebeb0ea677dbaa2e25a3070a91b318f660"
 dependencies = [
  "futures-core",
  "futures-sink",
@@ -6196,13 +6142,13 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-otlp"
-version = "0.16.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a94c69209c05319cdf7460c6d4c055ed102be242a0a6245835d7bc42c6ec7f54"
+checksum = "91cf61a1868dacc576bf2b2a1c3e9ab150af7272909e80085c3173384fe11f76"
 dependencies = [
  "async-trait",
  "futures-core",
- "http 0.2.11",
+ "http 1.1.0",
  "opentelemetry",
  "opentelemetry-proto",
  "opentelemetry_sdk",
@@ -6210,13 +6156,14 @@ dependencies = [
  "thiserror",
  "tokio",
  "tonic",
+ "tracing",
 ]
 
 [[package]]
 name = "opentelemetry-proto"
-version = "0.6.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "984806e6cf27f2b49282e2a05e288f30594f3dbc74eb7a6e99422bc48ed78162"
+checksum = "a6e05acbfada5ec79023c85368af14abd0b307c015e9064d249b2a950ef459a6"
 dependencies = [
  "opentelemetry",
  "opentelemetry_sdk",
@@ -6226,9 +6173,9 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-stdout"
-version = "0.4.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d6d080bf06af02b738feb2e6830cf72c30b76ca18b40f555cdf1b53e7b491bfe"
+checksum = "bc8a298402aa5c260be90d10dc54b5a7d4e1025c354848f8e2c976d761351049"
 dependencies = [
  "async-trait",
  "chrono",
@@ -6243,25 +6190,24 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry_sdk"
-version = "0.23.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ae312d58eaa90a82d2e627fd86e075cf5230b3f11794e2ed74199ebbe572d4fd"
+checksum = "27b742c1cae4693792cc564e58d75a2a0ba29421a34a85b50da92efa89ecb2bc"
 dependencies = [
  "async-trait",
  "futures-channel",
  "futures-executor",
  "futures-util",
  "glob",
- "lazy_static",
  "once_cell",
  "opentelemetry",
- "ordered-float",
  "percent-encoding",
  "rand 0.8.5",
  "serde_json",
  "thiserror",
  "tokio",
  "tokio-stream",
+ "tracing",
 ]
 
 [[package]]
@@ -6913,9 +6859,9 @@ dependencies = [
 
 [[package]]
 name = "prost"
-version = "0.12.3"
+version = "0.13.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "146c289cda302b98a28d40c8b3b90498d6e526dd24ac2ecea73e4e491685b94a"
+checksum = "7b0487d90e047de87f984913713b85c601c05609aad5b0df4b4573fbf69aa13f"
 dependencies = [
  "bytes",
  "prost-derive",
@@ -6923,12 +6869,12 @@ dependencies = [
 
 [[package]]
 name = "prost-derive"
-version = "0.12.3"
+version = "0.13.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "efb6c9a1dd1def8e2124d17e83a20af56f1570d6c2d2bd9e266ccb768df3840e"
+checksum = "e9552f850d5f0964a4e4d0bf306459ac29323ddfbae05e35a7c0d35cb0803cc5"
 dependencies = [
  "anyhow",
- "itertools 0.11.0",
+ "itertools 0.13.0",
  "proc-macro2",
  "quote",
  "syn 2.0.46",
@@ -8723,16 +8669,6 @@ dependencies = [
  "windows-sys 0.48.0",
 ]
 
-[[package]]
-name = "tokio-io-timeout"
-version = "1.2.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "30b74022ada614a1b4834de765f9bb43877f910cc8ce4be40e89042c9223a8bf"
-dependencies = [
- "pin-project-lite",
- "tokio",
-]
-
 [[package]]
 name = "tokio-macros"
 version = "2.2.0"
@@ -8767,9 +8703,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-stream"
-version = "0.1.15"
+version = "0.1.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "267ac89e0bec6e691e5813911606935d77c476ff49024f98abcea3e7b15e37af"
+checksum = "4f4e6ce100d0eb49a2734f8c0812bcd324cf357d21810932c5df6b96ef2b86f1"
 dependencies = [
  "futures-core",
  "pin-project-lite",
@@ -8881,24 +8817,27 @@ dependencies = [
 
 [[package]]
 name = "tonic"
-version = "0.11.0"
+version = "0.12.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "76c4eb7a4e9ef9d4763600161f12f5070b92a578e1b634db88a6887844c91a13"
+checksum = "877c5b330756d856ffcc4553ab34a5684481ade925ecc54bcd1bf02b1d0d4d52"
 dependencies = [
  "async-stream",
  "async-trait",
- "axum 0.6.20",
- "base64 0.21.7",
+ "axum",
+ "base64 0.22.1",
  "bytes",
  "flate2",
- "h2 0.3.24",
- "http 0.2.11",
- "http-body 0.4.5",
- "hyper 0.14.27",
+ "h2 0.4.5",
+ "http 1.1.0",
+ "http-body 1.0.0",
+ "http-body-util",
+ "hyper 1.4.1",
  "hyper-timeout",
+ "hyper-util",
  "percent-encoding",
  "pin-project",
  "prost",
+ "socket2 0.5.5",
  "tokio",
  "tokio-stream",
  "tower",
@@ -9024,9 +8963,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-opentelemetry"
-version = "0.24.0"
+version = "0.28.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f68803492bf28ab40aeccaecc7021096bd256baf7ca77c3d425d89b35a7be4e4"
+checksum = "97a971f6058498b5c0f1affa23e7ea202057a7301dbff68e968b2d578bcbd053"
 dependencies = [
  "js-sys",
  "once_cell",
diff --git a/nox/Cargo.toml b/nox/Cargo.toml
index d2e243e58c..24f4aae462 100644
--- a/nox/Cargo.toml
+++ b/nox/Cargo.toml
@@ -55,11 +55,11 @@ base64 = { workspace = true }
 tracing = { workspace = true, features = ["async-await", "log"] }
 tracing-subscriber = { workspace = true, features = ["parking_lot", "env-filter", "smallvec"] }
 tracing-logfmt = "0.3.3"
-tracing-opentelemetry = "0.24.0"
-opentelemetry = "0.23.0"
-opentelemetry_sdk = { version = "0.23.0", features = ["rt-tokio"] }
-opentelemetry-otlp = { version = "0.16.0", features = ["grpc-tonic", "gzip-tonic"] }
-opentelemetry-stdout = { version = "0.4.0", features = ["trace"] }
+tracing-opentelemetry = "0.28.0"
+opentelemetry = "0.27.0"
+opentelemetry_sdk = { version = "0.27.0", features = ["rt-tokio"] }
+opentelemetry-otlp = { version = "0.27.0", features = ["grpc-tonic", "gzip-tonic"] }
+opentelemetry-stdout = { version = "0.27.0", features = ["trace"] }
 once_cell = { workspace = true }
 config = "0.13.4"
 jsonrpsee = { workspace = true, features = ["ws-client", "macros"] }