diff --git a/polkadot/Cargo.lock b/polkadot/Cargo.lock
index 87dc239206..360bd57f3c 100644
--- a/polkadot/Cargo.lock
+++ b/polkadot/Cargo.lock
@@ -11692,9 +11692,9 @@ checksum = "360dfd1d6d30e05fda32ace2c8c70e9c0a9da713275777f5a4dbb8a1893930c6"
 
 [[package]]
 name = "tracing"
-version = "0.1.33"
+version = "0.1.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80b9fa4360528139bc96100c160b7ae879f5567f49f1782b0b02035b0358ebf3"
+checksum = "5d0ecdcb44a79f0fe9844f0c4f33a342cbcbb5117de8001e6ba0dc2351327d09"
 dependencies = [
  "cfg-if 1.0.0",
  "log",
diff --git a/polkadot/node/gum/Cargo.toml b/polkadot/node/gum/Cargo.toml
index 18c0cbbecd..45dd780e96 100644
--- a/polkadot/node/gum/Cargo.toml
+++ b/polkadot/node/gum/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 description = "Stick logs together with the TraceID as provided by tempo"
 
 [dependencies]
-tracing = "0.1.33"
+tracing = "0.1.34"
 jaeger = { path = "../jaeger", package = "polkadot-node-jaeger" }
 gum-proc-macro = { path = "./proc-macro", package = "tracing-gum-proc-macro" }
 polkadot-primitives = { path = "../../primitives", features = ["std"] }
diff --git a/polkadot/node/metered-channel/Cargo.toml b/polkadot/node/metered-channel/Cargo.toml
index d040dd27c8..d78c40dd4e 100644
--- a/polkadot/node/metered-channel/Cargo.toml
+++ b/polkadot/node/metered-channel/Cargo.toml
@@ -20,4 +20,4 @@ futures = { version = "0.3.21", features = ["thread-pool"] }
 assert_matches = "1.5"
 env_logger = "0.9"
 log = "0.4"
-tracing = { version = "0.1.33", features = ["log"] }
+tracing = { version = "0.1.34", features = ["log"] }