diff --git a/Cargo.lock b/Cargo.lock
index 9d9a38675d..259d79c173 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -146,7 +146,7 @@ checksum = "1cd7fce9ba8c3c042128ce72d8b2ddbf3a05747efb67ea0313c635e10bda47a2"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -434,7 +434,7 @@ dependencies = [
  "proc-macro-error",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -675,7 +675,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6d2301688392eb071b0bf1a37be05c469d3cc4dbbd95df672fe28ab021e6a096"
 dependencies = [
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -728,7 +728,7 @@ dependencies = [
  "proc-macro2",
  "quote",
  "scratch",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -745,7 +745,7 @@ checksum = "086c685979a698443656e5cf7856c95c642295a38599f12fb1ff76fb28d19892"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -769,7 +769,7 @@ dependencies = [
  "proc-macro2",
  "quote",
  "strsim",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -780,7 +780,7 @@ checksum = "a4aab4dbc9f7611d8b55048a3a16d2d010c2c8334e46304b40ac1cc14bf3b48e"
 dependencies = [
  "darling_core",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -791,7 +791,7 @@ checksum = "fcc3dd5e9e9c0b295d6e1e4d811fb6f157d5ffd784b8d202fc62eac8035a770b"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -802,7 +802,7 @@ checksum = "4fb810d30a7c1953f91334de7244731fc3f3c10d7fe163338a35b9f640960321"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -864,7 +864,7 @@ checksum = "558e40ea573c374cf53507fd240b7ee2f5477df7cfebdb97323ec61c719399c5"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -1095,7 +1095,7 @@ checksum = "3eb14ed937631bd8b8b8977f2c198443447a8355b6e3ca599f38c975e5a963b6"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -1528,7 +1528,7 @@ checksum = "11d7a9f6330b71fea57921c9b61c47ee6e84f72d394754eff6163ae67e7395eb"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -1582,7 +1582,7 @@ dependencies = [
  "sp-runtime",
  "subxt",
  "subxt-codegen",
- "syn",
+ "syn 1.0.109",
  "test-runtime",
  "tokio",
  "tracing",
@@ -2120,7 +2120,7 @@ dependencies = [
  "proc-macro-crate",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -2205,7 +2205,7 @@ checksum = "069bdb1e05adc7a8990dce9cc75370895fbe4e3d58b9b73bf1aee56359344a55"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -2298,7 +2298,7 @@ dependencies = [
  "proc-macro-error-attr",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
  "version_check",
 ]
 
@@ -2333,9 +2333,9 @@ dependencies = [
 
 [[package]]
 name = "quote"
-version = "1.0.23"
+version = "1.0.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8856d8364d252a14d474036ea1358d63c9e6965c8e5c1885c18f73d70bff9c7b"
+checksum = "4424af4bf778aae2051a77b60283332f386554255d722233d09fbfc7e30da2fc"
 dependencies = [
  "proc-macro2",
 ]
@@ -2465,7 +2465,7 @@ checksum = "9f9c0c92af03644e4806106281fe2e068ac5bc0ae74a707266d06ea27bccee5f"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -2641,7 +2641,7 @@ dependencies = [
  "proc-macro-crate",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -2794,7 +2794,7 @@ checksum = "d071a94a3fac4aff69d023a7f411e33f40f3483f8c5190b1953822b6b76d7630"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3019,7 +3019,7 @@ dependencies = [
  "proc-macro2",
  "quote",
  "sp-core-hashing",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3030,7 +3030,7 @@ checksum = "62211eed9ef9dac4b9d837c56ccc9f8ee4fc49d9d9b7e6b9daf098fe173389ab"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3163,7 +3163,7 @@ dependencies = [
  "proc-macro-crate",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3271,7 +3271,7 @@ dependencies = [
  "parity-scale-codec",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3363,7 +3363,7 @@ dependencies = [
  "proc-macro2",
  "quote",
  "rustversion",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3434,7 +3434,7 @@ dependencies = [
  "serde_json",
  "subxt-codegen",
  "subxt-metadata",
- "syn",
+ "syn 1.0.109",
  "tokio",
 ]
 
@@ -3454,7 +3454,7 @@ dependencies = [
  "quote",
  "scale-info",
  "subxt-metadata",
- "syn",
+ "syn 1.0.109",
  "thiserror",
  "tokio",
 ]
@@ -3481,7 +3481,7 @@ dependencies = [
  "darling",
  "proc-macro-error",
  "subxt-codegen",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3507,6 +3507,17 @@ dependencies = [
  "unicode-ident",
 ]
 
+[[package]]
+name = "syn"
+version = "2.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "59d3276aee1fa0c33612917969b5172b5be2db051232a6e4826f1a1a9191b045"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "unicode-ident",
+]
+
 [[package]]
 name = "synstructure"
 version = "0.12.6"
@@ -3515,7 +3526,7 @@ checksum = "f36bdaa60a83aca3921b5259d5400cbf5e90fc51931376a9bd4a0eb79aa7210f"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
  "unicode-xid",
 ]
 
@@ -3560,22 +3571,22 @@ checksum = "222a222a5bfe1bba4a77b45ec488a741b3cb8872e5e499451fd7d0129c9c7c3d"
 
 [[package]]
 name = "thiserror"
-version = "1.0.39"
+version = "1.0.40"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a5ab016db510546d856297882807df8da66a16fb8c4101cb8b30054b0d5b2d9c"
+checksum = "978c9a314bd8dc99be594bc3c175faaa9794be04a5a5e153caba6915336cebac"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.39"
+version = "1.0.40"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5420d42e90af0c38c3290abcca25b9b3bdf379fc9f55c528f53a269d9c9a267e"
+checksum = "f9456a42c5b0d803c8cd86e73dd7cc9edd429499f37a3550d286d5e86720569f"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 2.0.2",
 ]
 
 [[package]]
@@ -3658,7 +3669,7 @@ checksum = "d266c00fde287f55d3f1c3e96c500c362a2b8c695076ec180f27918820bc6df8"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -3730,7 +3741,7 @@ checksum = "4017f8f45139870ca7e672686113917c71c7a6e02d4924eda67186083c03081a"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
 ]
 
 [[package]]
@@ -4039,7 +4050,7 @@ dependencies = [
  "once_cell",
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
  "wasm-bindgen-shared",
 ]
 
@@ -4073,7 +4084,7 @@ checksum = "2aff81306fcac3c7515ad4e177f521b5c9a15f2b08f4e32d823066102f35a5f6"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
  "wasm-bindgen-backend",
  "wasm-bindgen-shared",
 ]
@@ -4458,6 +4469,6 @@ checksum = "44bf07cb3e50ea2003396695d58bf46bc9887a1f362260446fad6bc4e79bd36c"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn",
+ "syn 1.0.109",
  "synstructure",
 ]
diff --git a/codegen/Cargo.toml b/codegen/Cargo.toml
index e1d0edce11..06e44ca724 100644
--- a/codegen/Cargo.toml
+++ b/codegen/Cargo.toml
@@ -25,7 +25,7 @@ subxt-metadata = { version = "0.27.1", path = "../metadata" }
 jsonrpsee = { version = "0.16.0", features = ["async-client", "client-ws-transport", "http-client"] }
 hex = "0.4.3"
 tokio = { version = "1.26", features = ["macros", "rt-multi-thread"] }
-thiserror = "1.0.39"
+thiserror = "1.0.40"
 
 [dev-dependencies]
 bitvec = { version = "1.0.0", default-features = false, features = ["alloc"] }
diff --git a/subxt/Cargo.toml b/subxt/Cargo.toml
index 2fa8e919ec..6307435055 100644
--- a/subxt/Cargo.toml
+++ b/subxt/Cargo.toml
@@ -45,7 +45,7 @@ hex = "0.4.3"
 jsonrpsee = { version = "0.16", optional = true, features = ["jsonrpsee-types"] }
 serde = { version = "1.0.155", features = ["derive"] }
 serde_json = { version = "1.0.94", features = ["raw_value"] }
-thiserror = "1.0.39"
+thiserror = "1.0.40"
 tracing = "0.1.34"
 parking_lot = "0.12.0"
 frame-metadata = "15.0.0"