diff --git a/polkadot/Cargo.lock b/polkadot/Cargo.lock
index 489c5d1a44..439b2f755f 100644
--- a/polkadot/Cargo.lock
+++ b/polkadot/Cargo.lock
@@ -10547,9 +10547,9 @@ checksum = "e987b6bf443f4b5b3b6f38704195592cca41c5bb7aedd3c3693c7081f8289860"
 
 [[package]]
 name = "tracing"
-version = "0.1.26"
+version = "0.1.27"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "09adeb8c97449311ccd28a427f96fb563e7fd31aabf994189879d9da2394b89d"
+checksum = "c2ba9ab62b7d6497a8638dfda5e5c4fb3b2d5a7fca4118f2b96151c8ef1a437e"
 dependencies = [
  "cfg-if 1.0.0",
  "pin-project-lite 0.2.4",
@@ -10559,9 +10559,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.15"
+version = "0.1.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c42e6fa53307c8a17e4ccd4dc81cf5ec38db9209f59b222210375b54ee40d1e2"
+checksum = "98863d0dd09fa59a1b79c6750ad80dbda6b75f4e71c437a6a1a8cb91a8bcbd77"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -10570,9 +10570,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.18"
+version = "0.1.20"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a9ff14f98b1a4b289c6248a023c1c2fa1491062964e9fed67ab29c4e4da4a052"
+checksum = "46125608c26121c81b0c6d693eab5a420e416da7e43c426d2e8f7df8da8a3acf"
 dependencies = [
  "lazy_static",
 ]
diff --git a/polkadot/node/collation-generation/Cargo.toml b/polkadot/node/collation-generation/Cargo.toml
index ac7281a971..70d466ebd5 100644
--- a/polkadot/node/collation-generation/Cargo.toml
+++ b/polkadot/node/collation-generation/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-erasure-coding = { path = "../../erasure-coding" }
 polkadot-node-primitives = { path = "../primitives" }
 polkadot-node-subsystem = { path = "../subsystem" }
diff --git a/polkadot/node/core/approval-voting/Cargo.toml b/polkadot/node/core/approval-voting/Cargo.toml
index afbf184a06..06d6fce4c3 100644
--- a/polkadot/node/core/approval-voting/Cargo.toml
+++ b/polkadot/node/core/approval-voting/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2018"
 futures = "0.3.17"
 futures-timer = "3.0.2"
 parity-scale-codec = { version = "2.0.0", default-features = false, features = ["bit-vec", "derive"] }
-tracing = "0.1.26"
+tracing = "0.1.27"
 bitvec = { version = "0.20.1", default-features = false, features = ["alloc"] }
 lru = "0.6"
 merlin = "2.0"
diff --git a/polkadot/node/core/av-store/Cargo.toml b/polkadot/node/core/av-store/Cargo.toml
index d6f238d006..9b72f74c09 100644
--- a/polkadot/node/core/av-store/Cargo.toml
+++ b/polkadot/node/core/av-store/Cargo.toml
@@ -9,7 +9,7 @@ futures = "0.3.17"
 futures-timer = "3.0.2"
 kvdb = "0.10.0"
 thiserror = "1.0.26"
-tracing = "0.1.26"
+tracing = "0.1.27"
 bitvec = "0.20.1"
 
 parity-scale-codec = { version = "2.0.0", features = ["derive"] }
diff --git a/polkadot/node/core/backing/Cargo.toml b/polkadot/node/core/backing/Cargo.toml
index 1d4bcbc01b..c8e90d3eed 100644
--- a/polkadot/node/core/backing/Cargo.toml
+++ b/polkadot/node/core/backing/Cargo.toml
@@ -14,7 +14,7 @@ polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 erasure-coding = { package = "polkadot-erasure-coding", path = "../../../erasure-coding" }
 statement-table = { package = "polkadot-statement-table", path = "../../../statement-table" }
 bitvec = { version = "0.20.1", default-features = false, features = ["alloc"] }
-tracing = "0.1.26"
+tracing = "0.1.27"
 thiserror = "1.0.26"
 
 [dev-dependencies]
diff --git a/polkadot/node/core/bitfield-signing/Cargo.toml b/polkadot/node/core/bitfield-signing/Cargo.toml
index b77d1e2b2b..316ae45e9b 100644
--- a/polkadot/node/core/bitfield-signing/Cargo.toml
+++ b/polkadot/node/core/bitfield-signing/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
diff --git a/polkadot/node/core/candidate-validation/Cargo.toml b/polkadot/node/core/candidate-validation/Cargo.toml
index 0b40202ff1..e1a3e0fa4e 100644
--- a/polkadot/node/core/candidate-validation/Cargo.toml
+++ b/polkadot/node/core/candidate-validation/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 async-trait = "0.1.51"
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 sp-maybe-compressed-blob = { package = "sp-maybe-compressed-blob", git = "https://github.com/paritytech/substrate", branch = "master" }
 parity-scale-codec = { version = "2.0.0", default-features = false, features = ["bit-vec", "derive"] }
diff --git a/polkadot/node/core/chain-api/Cargo.toml b/polkadot/node/core/chain-api/Cargo.toml
index cd06b137bb..076087592e 100644
--- a/polkadot/node/core/chain-api/Cargo.toml
+++ b/polkadot/node/core/chain-api/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 sp-blockchain = { git = "https://github.com/paritytech/substrate", branch = "master" }
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-subsystem = { package = "polkadot-node-subsystem", path = "../../subsystem" }
diff --git a/polkadot/node/core/chain-selection/Cargo.toml b/polkadot/node/core/chain-selection/Cargo.toml
index 90e35bf7f3..68d421153f 100644
--- a/polkadot/node/core/chain-selection/Cargo.toml
+++ b/polkadot/node/core/chain-selection/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.17"
 futures-timer = "3"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-node-primitives = { path = "../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
diff --git a/polkadot/node/core/dispute-coordinator/Cargo.toml b/polkadot/node/core/dispute-coordinator/Cargo.toml
index 5c1284a5f1..367cf98244 100644
--- a/polkadot/node/core/dispute-coordinator/Cargo.toml
+++ b/polkadot/node/core/dispute-coordinator/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 bitvec = { version = "0.20.1", default-features = false, features = ["alloc"] }
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 parity-scale-codec = "2"
 kvdb = "0.10.0"
 derive_more = "0.99.14"
diff --git a/polkadot/node/core/dispute-participation/Cargo.toml b/polkadot/node/core/dispute-participation/Cargo.toml
index dbbb729ec5..65c56e2423 100644
--- a/polkadot/node/core/dispute-participation/Cargo.toml
+++ b/polkadot/node/core/dispute-participation/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.17"
 thiserror = "1.0.26"
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 polkadot-node-primitives = { path = "../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
diff --git a/polkadot/node/core/parachains-inherent/Cargo.toml b/polkadot/node/core/parachains-inherent/Cargo.toml
index 0cbb861bf1..9322c20306 100644
--- a/polkadot/node/core/parachains-inherent/Cargo.toml
+++ b/polkadot/node/core/parachains-inherent/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.17"
 futures-timer = "3.0.2"
-tracing = "0.1.26"
+tracing = "0.1.27"
 thiserror = "1.0.26"
 async-trait = "0.1.51"
 polkadot-node-subsystem = { path = "../../subsystem" }
diff --git a/polkadot/node/core/provisioner/Cargo.toml b/polkadot/node/core/provisioner/Cargo.toml
index 81541f0a02..8be473ee9e 100644
--- a/polkadot/node/core/provisioner/Cargo.toml
+++ b/polkadot/node/core/provisioner/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 bitvec = { version = "0.20.1", default-features = false, features = ["alloc"] }
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 thiserror = "1.0.26"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-node-subsystem = { path = "../../subsystem" }
diff --git a/polkadot/node/core/pvf/Cargo.toml b/polkadot/node/core/pvf/Cargo.toml
index c994835d49..78b8c51ac5 100644
--- a/polkadot/node/core/pvf/Cargo.toml
+++ b/polkadot/node/core/pvf/Cargo.toml
@@ -17,7 +17,7 @@ futures = "0.3.17"
 futures-timer = "3.0.2"
 libc = "0.2.101"
 slotmap = "1.0"
-tracing = "0.1.26"
+tracing = "0.1.27"
 pin-project = "1.0.8"
 rand = "0.8.3"
 parity-scale-codec = { version = "2.0.0", default-features = false, features = ["derive"] }
diff --git a/polkadot/node/core/runtime-api/Cargo.toml b/polkadot/node/core/runtime-api/Cargo.toml
index 32a1f4382f..77290fddfc 100644
--- a/polkadot/node/core/runtime-api/Cargo.toml
+++ b/polkadot/node/core/runtime-api/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 memory-lru = "0.1.0"
 parity-util-mem = { version = "0.10.0", default-features = false }
 
diff --git a/polkadot/node/network/approval-distribution/Cargo.toml b/polkadot/node/network/approval-distribution/Cargo.toml
index 139bddc3d8..c4d620e48b 100644
--- a/polkadot/node/network/approval-distribution/Cargo.toml
+++ b/polkadot/node/network/approval-distribution/Cargo.toml
@@ -12,7 +12,7 @@ polkadot-node-subsystem-util = { path = "../../subsystem-util" }
 polkadot-primitives = { path = "../../../primitives" }
 
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 [dev-dependencies]
 sp-core = { git = "https://github.com/paritytech/substrate", branch = "master", features = ["std"] }
diff --git a/polkadot/node/network/availability-distribution/Cargo.toml b/polkadot/node/network/availability-distribution/Cargo.toml
index 3aecfd8d70..f54f45b37d 100644
--- a/polkadot/node/network/availability-distribution/Cargo.toml
+++ b/polkadot/node/network/availability-distribution/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 parity-scale-codec = { version = "2.0.0", features = ["std"] }
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-erasure-coding = { path = "../../../erasure-coding" }
diff --git a/polkadot/node/network/availability-recovery/Cargo.toml b/polkadot/node/network/availability-recovery/Cargo.toml
index 76acc04b7b..a7eaf36d8c 100644
--- a/polkadot/node/network/availability-recovery/Cargo.toml
+++ b/polkadot/node/network/availability-recovery/Cargo.toml
@@ -9,7 +9,7 @@ futures = "0.3.17"
 lru = "0.6.6"
 rand = "0.8.3"
 thiserror = "1.0.26"
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 polkadot-erasure-coding = { path = "../../../erasure-coding" }
 polkadot-primitives = { path = "../../../primitives" }
diff --git a/polkadot/node/network/bitfield-distribution/Cargo.toml b/polkadot/node/network/bitfield-distribution/Cargo.toml
index 930301c84f..e531e1c996 100644
--- a/polkadot/node/network/bitfield-distribution/Cargo.toml
+++ b/polkadot/node/network/bitfield-distribution/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-subsystem = { package = "polkadot-node-subsystem", path = "../../subsystem" }
 polkadot-node-subsystem-util = { path = "../../subsystem-util" }
diff --git a/polkadot/node/network/bridge/Cargo.toml b/polkadot/node/network/bridge/Cargo.toml
index b4c1807b10..ee39a12bc5 100644
--- a/polkadot/node/network/bridge/Cargo.toml
+++ b/polkadot/node/network/bridge/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 [dependencies]
 async-trait = "0.1.51"
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-primitives = { path = "../../../primitives" }
 parity-scale-codec = { version = "2.0.0", default-features = false, features = ["derive"] }
 sc-network = { git = "https://github.com/paritytech/substrate", branch = "master" }
diff --git a/polkadot/node/network/collator-protocol/Cargo.toml b/polkadot/node/network/collator-protocol/Cargo.toml
index ab2fe0ac52..d1cbeadc5a 100644
--- a/polkadot/node/network/collator-protocol/Cargo.toml
+++ b/polkadot/node/network/collator-protocol/Cargo.toml
@@ -10,7 +10,7 @@ derive_more = "0.99.14"
 futures = "0.3.17"
 futures-timer = "3"
 thiserror = "1.0.26"
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 sp-core = { git = "https://github.com/paritytech/substrate", branch = "master" }
 sp-runtime = { git = "https://github.com/paritytech/substrate", branch = "master" }
diff --git a/polkadot/node/network/dispute-distribution/Cargo.toml b/polkadot/node/network/dispute-distribution/Cargo.toml
index bd478720b1..0cf8c251ec 100644
--- a/polkadot/node/network/dispute-distribution/Cargo.toml
+++ b/polkadot/node/network/dispute-distribution/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 derive_more = "0.99.14"
 parity-scale-codec = { version = "2.0.0", features = ["std"] }
 polkadot-primitives = { path = "../../../primitives" }
diff --git a/polkadot/node/network/gossip-support/Cargo.toml b/polkadot/node/network/gossip-support/Cargo.toml
index d02e36a16c..0087a7d6b0 100644
--- a/polkadot/node/network/gossip-support/Cargo.toml
+++ b/polkadot/node/network/gossip-support/Cargo.toml
@@ -17,7 +17,7 @@ polkadot-primitives = { path = "../../../primitives" }
 futures = "0.3.17"
 rand = { version = "0.8.3", default-features = false }
 rand_chacha = { version = "0.3.1", default-features = false }
-tracing = "0.1.26"
+tracing = "0.1.27"
 
 [dev-dependencies]
 sp-keyring = { git = "https://github.com/paritytech/substrate", branch = "master" }
diff --git a/polkadot/node/network/statement-distribution/Cargo.toml b/polkadot/node/network/statement-distribution/Cargo.toml
index 1597f99dd6..82cec326a5 100644
--- a/polkadot/node/network/statement-distribution/Cargo.toml
+++ b/polkadot/node/network/statement-distribution/Cargo.toml
@@ -7,7 +7,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.17"
-tracing = "0.1.26"
+tracing = "0.1.27"
 polkadot-primitives = { path = "../../../primitives" }
 sp-staking = { git = "https://github.com/paritytech/substrate", branch = "master", default-features = false }
 sp-keystore = { git = "https://github.com/paritytech/substrate", branch = "master" }
diff --git a/polkadot/node/overseer/Cargo.toml b/polkadot/node/overseer/Cargo.toml
index 5ac5df6bba..b22d57975a 100644
--- a/polkadot/node/overseer/Cargo.toml
+++ b/polkadot/node/overseer/Cargo.toml
@@ -17,7 +17,7 @@ polkadot-node-metrics = { path = "../metrics" }
 polkadot-primitives = { path = "../../primitives" }
 polkadot-overseer-gen = { path = "./overseer-gen" }
 polkadot-overseer-all-subsystems-gen = { path = "./all-subsystems-gen" }
-tracing = "0.1.26"
+tracing = "0.1.27"
 lru = "0.6"
 
 [dev-dependencies]
diff --git a/polkadot/node/service/Cargo.toml b/polkadot/node/service/Cargo.toml
index 80178da110..213afe4edb 100644
--- a/polkadot/node/service/Cargo.toml
+++ b/polkadot/node/service/Cargo.toml
@@ -62,7 +62,7 @@ prometheus-endpoint = { package = "substrate-prometheus-endpoint", git = "https:
 # External Crates
 futures = "0.3.17"
 hex-literal = "0.3.3"
-tracing = "0.1.26"
+tracing = "0.1.27"
 serde = { version = "1.0.130", features = ["derive"] }
 thiserror = "1.0.26"
 kvdb = "0.10.0"
diff --git a/polkadot/node/subsystem-util/Cargo.toml b/polkadot/node/subsystem-util/Cargo.toml
index a6f8052b01..5bcf8b4658 100644
--- a/polkadot/node/subsystem-util/Cargo.toml
+++ b/polkadot/node/subsystem-util/Cargo.toml
@@ -13,7 +13,7 @@ parity-scale-codec = { version = "2.0.0", default-features = false, features = [
 pin-project = "1.0.8"
 rand = "0.8.3"
 thiserror = "1.0.26"
-tracing = "0.1.26"
+tracing = "0.1.27"
 derive_more = "0.99.11"
 lru = "0.6.6"
 
diff --git a/polkadot/node/test/service/Cargo.toml b/polkadot/node/test/service/Cargo.toml
index 82df04e72c..56517c89a5 100644
--- a/polkadot/node/test/service/Cargo.toml
+++ b/polkadot/node/test/service/Cargo.toml
@@ -8,7 +8,7 @@ edition = "2018"
 futures = "0.3.17"
 futures01 = { package = "futures", version = "0.1.29" }
 hex = "0.4.3"
-tracing = "0.1.26"
+tracing = "0.1.27"
 rand = "0.8.3"
 tempfile = "3.2.0"
 tokio = "1.10.0"