diff --git a/cmd/jaeger-v2/internal/all-in-one.yaml b/cmd/jaeger-v2/internal/all-in-one.yaml
new file mode 100644
index 00000000000..d17c52fc850
--- /dev/null
+++ b/cmd/jaeger-v2/internal/all-in-one.yaml
@@ -0,0 +1,38 @@
+service:
+  extensions: [jaeger_storage, jaeger_query]
+  pipelines:
+    traces:
+      receivers: [otlp, jaeger, zipkin]
+      processors: [batch]
+      exporters: [jaeger_storage_exporter]
+
+extensions:
+  jaeger_query:
+    trace_storage: memstore
+
+  jaeger_storage:
+    memory:
+      memstore:
+        max_traces: 100000
+
+receivers:
+  otlp:
+    protocols:
+      grpc:
+      http:
+
+  jaeger:
+    protocols:
+      grpc:
+      thrift_binary:
+      thrift_compact:
+      thrift_http:
+
+  zipkin:
+
+processors:
+  batch:
+
+exporters:
+  jaeger_storage_exporter:
+    trace_storage: memstore
diff --git a/cmd/jaeger-v2/internal/command.go b/cmd/jaeger-v2/internal/command.go
index b8302b55535..9cea221bcc8 100644
--- a/cmd/jaeger-v2/internal/command.go
+++ b/cmd/jaeger-v2/internal/command.go
@@ -4,16 +4,20 @@
 package internal
 
 import (
+	"embed"
+	"fmt"
 	"log"
 
 	"github.com/spf13/cobra"
 	"go.opentelemetry.io/collector/component"
 	"go.opentelemetry.io/collector/otelcol"
 
-	allinone "github.com/jaegertracing/jaeger/cmd/jaeger-v2/internal/all-in-one"
 	"github.com/jaegertracing/jaeger/pkg/version"
 )
 
+//go:embed all-in-one.yaml
+var yamlAllInOne embed.FS
+
 const description = "Jaeger backend v2"
 
 func Command() *cobra.Command {
@@ -38,25 +42,20 @@ func Command() *cobra.Command {
 	// We want to support running the binary in all-in-one mode without a config file.
 	// Since there are no explicit hooks in OTel Collector for that today (as of v0.87),
 	// we intercept the official RunE implementation and check if any `--config` flags
-	// are present in the args. If not, we pass a custom ConfigProvider, and create the
-	// collector manually. Unfortunately, `set`(tings) is passed to NewCommand above
-	// by value, otherwise we could've overwritten it in the interceptor and then delegated
-	// back to the official RunE.
+	// are present in the args. If not, we create one with all-in-one configuration.
 	otelRunE := cmd.RunE
 	cmd.RunE = func(cmd *cobra.Command, args []string) error {
-		// a bit of a hack to check if '--config' flag was present
-		configFlag := cmd.Flag("config").Value.String()
-		if configFlag != "" && configFlag != "[]" {
-			return otelRunE(cmd, args)
-		}
-		log.Print("No '--config' flags detected, using default All-in-One configuration with memory storage.")
-		log.Print("To customize All-in-One behavior, pass a proper configuration.")
-		settings.ConfigProvider = allinone.NewConfigProvider()
-		col, err := otelcol.NewCollector(settings)
-		if err != nil {
-			return err
+		configFlag := cmd.Flag("config")
+		if !configFlag.Changed {
+			log.Print("No '--config' flags detected, using default All-in-One configuration with memory storage.")
+			log.Print("To customize All-in-One behavior, pass a proper configuration.")
+			data, err := yamlAllInOne.ReadFile("all-in-one.yaml")
+			if err != nil {
+				return fmt.Errorf("cannot read embedded all-in-one configuration: %w", err)
+			}
+			configFlag.Value.Set("yaml:" + string(data))
 		}
-		return col.Run(cmd.Context())
+		return otelRunE(cmd, args)
 	}
 
 	cmd.Short = description
diff --git a/cmd/jaeger-v2/internal/exporters/storageexporter/factory.go b/cmd/jaeger-v2/internal/exporters/storageexporter/factory.go
index b555a80bbec..5721c45c4e4 100644
--- a/cmd/jaeger-v2/internal/exporters/storageexporter/factory.go
+++ b/cmd/jaeger-v2/internal/exporters/storageexporter/factory.go
@@ -10,8 +10,6 @@ import (
 	"go.opentelemetry.io/collector/consumer"
 	"go.opentelemetry.io/collector/exporter"
 	"go.opentelemetry.io/collector/exporter/exporterhelper"
-
-	"github.com/jaegertracing/jaeger/cmd/jaeger-v2/internal/extension/jaegerstorage"
 )
 
 // componentType is the name of this extension in configuration.
@@ -30,9 +28,7 @@ func NewFactory() exporter.Factory {
 }
 
 func createDefaultConfig() component.Config {
-	return &Config{
-		TraceStorage: jaegerstorage.DefaultMemoryStore,
-	}
+	return &Config{}
 }
 
 func createTracesExporter(ctx context.Context, set exporter.CreateSettings, config component.Config) (exporter.Traces, error) {
diff --git a/cmd/jaeger-v2/internal/extension/jaegerquery/factory.go b/cmd/jaeger-v2/internal/extension/jaegerquery/factory.go
index 9efd3d02a79..bef4b296f05 100644
--- a/cmd/jaeger-v2/internal/extension/jaegerquery/factory.go
+++ b/cmd/jaeger-v2/internal/extension/jaegerquery/factory.go
@@ -10,7 +10,6 @@ import (
 	"go.opentelemetry.io/collector/config/confighttp"
 	"go.opentelemetry.io/collector/extension"
 
-	"github.com/jaegertracing/jaeger/cmd/jaeger-v2/internal/extension/jaegerstorage"
 	"github.com/jaegertracing/jaeger/ports"
 )
 
@@ -26,7 +25,6 @@ func NewFactory() extension.Factory {
 
 func createDefaultConfig() component.Config {
 	return &Config{
-		TraceStoragePrimary: jaegerstorage.DefaultMemoryStore,
 		HTTPServerSettings: confighttp.HTTPServerSettings{
 			Endpoint: ports.PortToHostPort(ports.QueryHTTP),
 		},
diff --git a/cmd/jaeger-v2/internal/extension/jaegerstorage/factory.go b/cmd/jaeger-v2/internal/extension/jaegerstorage/factory.go
index 2cf2797bec3..627372915b9 100644
--- a/cmd/jaeger-v2/internal/extension/jaegerstorage/factory.go
+++ b/cmd/jaeger-v2/internal/extension/jaegerstorage/factory.go
@@ -8,17 +8,10 @@ import (
 
 	"go.opentelemetry.io/collector/component"
 	"go.opentelemetry.io/collector/extension"
-
-	memoryCfg "github.com/jaegertracing/jaeger/pkg/memory/config"
 )
 
-const (
-	// componentType is the name of this extension in configuration.
-	componentType = component.Type("jaeger_storage")
-
-	// DefaultMemoryStore is the name of the memory storage included in the default configuration.
-	DefaultMemoryStore = "memstore"
-)
+// componentType is the name of this extension in configuration.
+const componentType = component.Type("jaeger_storage")
 
 // ID is the identifier of this extension.
 var ID = component.NewID(componentType)
@@ -33,13 +26,7 @@ func NewFactory() extension.Factory {
 }
 
 func createDefaultConfig() component.Config {
-	return &Config{
-		Memory: map[string]memoryCfg.Configuration{
-			DefaultMemoryStore: {
-				MaxTraces: 100_000,
-			},
-		},
-	}
+	return &Config{}
 }
 
 // createExtension creates the extension based on this config.