diff --git a/Cargo.lock b/Cargo.lock
index 1ed06136646..3020ca05a3c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6030,9 +6030,9 @@ checksum = "b6bc1c9ce2b5135ac7f93c72918fc37feb872bdc6a5533a8b85eb4b86bfdae52"
 
 [[package]]
 name = "tracing"
-version = "0.1.40"
+version = "0.1.43"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c3523ab5a71916ccf420eebdf5521fcef02141234bbc0b8a49f2fdc4544364ef"
+checksum = "2d15d90a0b5c19378952d479dc858407149d7bb45a14de0142f6c534b16fc647"
 dependencies = [
  "log",
  "pin-project-lite",
@@ -6042,9 +6042,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.27"
+version = "0.1.31"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "34704c8d6ebcbc939824180af020566b01a7c01f80641264eba0999f6c2b6be7"
+checksum = "7490cfa5ec963746568740651ac6781f701c9c5ea257c58e057f3ba8cf69e8da"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -6053,9 +6053,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.32"
+version = "0.1.35"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c06d3da6113f116aaee68e4d601191614c9053067f9ab7f6edbcb161237daa54"
+checksum = "7a04e24fab5c89c6a36eb8558c9656f30d81de51dfa4d3b45f26b21d61fa0a6c"
 dependencies = [
  "once_cell",
  "valuable",
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 619cd357744..9dadf763765 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -29,7 +29,7 @@ rw-stream-sink = { workspace = true }
 serde = { version = "1", optional = true, features = ["derive"] }
 smallvec = "1.12.0"
 thiserror = "1.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 unsigned-varint = { workspace = true }
 void = "1"
 
diff --git a/examples/autonat/Cargo.toml b/examples/autonat/Cargo.toml
index 642e621c257..ac15cc48455 100644
--- a/examples/autonat/Cargo.toml
+++ b/examples/autonat/Cargo.toml
@@ -13,7 +13,7 @@ tokio = { version = "1.36", features = ["full"] }
 clap = { version = "4.4.16", features = ["derive"] }
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = ["tokio", "tcp", "noise", "yamux", "autonat", "identify", "macros"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/browser-webrtc/Cargo.toml b/examples/browser-webrtc/Cargo.toml
index 5e3c8a0c666..8a0fc38ad7e 100644
--- a/examples/browser-webrtc/Cargo.toml
+++ b/examples/browser-webrtc/Cargo.toml
@@ -19,7 +19,7 @@ crate-type = ["cdylib"]
 anyhow = "1.0.80"
 futures = "0.3.30"
 rand = "0.8"
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
diff --git a/examples/chat/Cargo.toml b/examples/chat/Cargo.toml
index a16c930e5b3..a7a4bbddc4c 100644
--- a/examples/chat/Cargo.toml
+++ b/examples/chat/Cargo.toml
@@ -13,7 +13,7 @@ tokio = { version = "1.36", features = ["full"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "tokio", "gossipsub", "mdns", "noise", "macros", "tcp", "yamux", "quic"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/dcutr/Cargo.toml b/examples/dcutr/Cargo.toml
index 8443e9a59c7..dd8138d77ad 100644
--- a/examples/dcutr/Cargo.toml
+++ b/examples/dcutr/Cargo.toml
@@ -15,7 +15,7 @@ futures-timer = "3.0"
 libp2p = { path = "../../libp2p", features = [ "dns", "dcutr", "identify", "macros", "noise", "ping", "quic", "relay", "rendezvous", "tcp", "tokio", "yamux"] }
 log = "0.4"
 tokio = { version = "1.36", features = ["macros", "net", "rt", "signal"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/distributed-key-value-store/Cargo.toml b/examples/distributed-key-value-store/Cargo.toml
index a7efe3c0697..4498cd7f812 100644
--- a/examples/distributed-key-value-store/Cargo.toml
+++ b/examples/distributed-key-value-store/Cargo.toml
@@ -13,7 +13,7 @@ async-std = { version = "1.12", features = ["attributes"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "async-std", "dns", "kad", "mdns", "noise", "macros", "tcp", "yamux"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/file-sharing/Cargo.toml b/examples/file-sharing/Cargo.toml
index e38039a11bb..14edaa7983f 100644
--- a/examples/file-sharing/Cargo.toml
+++ b/examples/file-sharing/Cargo.toml
@@ -15,7 +15,7 @@ clap = { version = "4.4.16", features = ["derive"] }
 either = "1.9"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "async-std", "cbor", "dns", "kad", "noise", "macros", "request-response", "tcp", "websocket", "yamux"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 void = "1.0.2"
 
diff --git a/examples/identify/Cargo.toml b/examples/identify/Cargo.toml
index 2dcc780ac22..e3f1a6b185a 100644
--- a/examples/identify/Cargo.toml
+++ b/examples/identify/Cargo.toml
@@ -13,7 +13,7 @@ async-std = { version = "1.12", features = ["attributes"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = ["async-std", "dns", "dcutr", "identify", "macros", "noise", "ping", "relay", "rendezvous", "tcp", "tokio","yamux"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/ipfs-kad/Cargo.toml b/examples/ipfs-kad/Cargo.toml
index 5581728794e..75047613ba4 100644
--- a/examples/ipfs-kad/Cargo.toml
+++ b/examples/ipfs-kad/Cargo.toml
@@ -16,7 +16,7 @@ env_logger = "0.10"
 futures = "0.3.30"
 anyhow = "1.0.80"
 libp2p = { path = "../../libp2p", features = [ "tokio", "dns", "kad", "noise", "tcp", "yamux", "rsa"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/ipfs-private/Cargo.toml b/examples/ipfs-private/Cargo.toml
index daa68cd8f5a..7bc15a1f41f 100644
--- a/examples/ipfs-private/Cargo.toml
+++ b/examples/ipfs-private/Cargo.toml
@@ -14,7 +14,7 @@ async-trait = "0.1"
 either = "1.9"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "tokio", "gossipsub", "dns", "identify", "kad", "macros", "noise", "ping", "pnet", "tcp", "websocket", "yamux"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/metrics/Cargo.toml b/examples/metrics/Cargo.toml
index 39412d29aea..117843c10d6 100644
--- a/examples/metrics/Cargo.toml
+++ b/examples/metrics/Cargo.toml
@@ -17,7 +17,7 @@ opentelemetry-otlp = { version = "0.13.0", features = ["metrics"]}
 opentelemetry_api = "0.20.0"
 prometheus-client = { workspace = true }
 tokio = { version = "1", features = ["full"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-opentelemetry = "0.21.0"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/examples/ping/Cargo.toml b/examples/ping/Cargo.toml
index db47e4e2d8e..3fe8f1f5baa 100644
--- a/examples/ping/Cargo.toml
+++ b/examples/ping/Cargo.toml
@@ -12,7 +12,7 @@ release = false
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = ["noise", "ping", "tcp", "tokio", "yamux"] }
 tokio = { version = "1.36.0", features = ["full"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/relay-server/Cargo.toml b/examples/relay-server/Cargo.toml
index 65c7c707087..4795b017b74 100644
--- a/examples/relay-server/Cargo.toml
+++ b/examples/relay-server/Cargo.toml
@@ -14,7 +14,7 @@ async-std = { version = "1.12", features = ["attributes"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "async-std", "noise", "macros", "ping", "tcp", "identify", "yamux", "relay", "quic"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/rendezvous/Cargo.toml b/examples/rendezvous/Cargo.toml
index edd5b8031a4..6453b324094 100644
--- a/examples/rendezvous/Cargo.toml
+++ b/examples/rendezvous/Cargo.toml
@@ -14,7 +14,7 @@ async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "async-std", "identify", "macros", "noise", "ping", "rendezvous", "tcp", "tokio", "yamux"] }
 tokio = { version = "1.36", features = ["rt-multi-thread", "macros", "time"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/examples/stream/Cargo.toml b/examples/stream/Cargo.toml
index 37f84e6ed62..0eee02e6fe7 100644
--- a/examples/stream/Cargo.toml
+++ b/examples/stream/Cargo.toml
@@ -15,7 +15,7 @@ libp2p = { path = "../../libp2p", features = [ "tokio", "quic"] }
 libp2p-stream = { path = "../../protocols/stream", version = "0.1.0-alpha" }
 rand = "0.8"
 tokio = { version = "1.36", features = ["full"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]
diff --git a/hole-punching-tests/Cargo.toml b/hole-punching-tests/Cargo.toml
index 9e6fb15965d..e5986fcea20 100644
--- a/hole-punching-tests/Cargo.toml
+++ b/hole-punching-tests/Cargo.toml
@@ -10,7 +10,7 @@ anyhow = "1"
 env_logger = "0.10.2"
 futures = "0.3.30"
 libp2p = { path = "../libp2p", features = ["tokio", "dcutr", "identify", "macros", "noise", "ping", "relay", "tcp", "yamux", "quic"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 redis = { version = "0.23.0", default-features = false, features = ["tokio-comp"] }
 tokio = { version = "1.36.0", features = ["full"] }
 serde = { version = "1.0.196", features = ["derive"] }
diff --git a/identity/Cargo.toml b/identity/Cargo.toml
index 920b9a990e4..293648e201c 100644
--- a/identity/Cargo.toml
+++ b/identity/Cargo.toml
@@ -17,7 +17,7 @@ bs58 = { version = "0.5.0", optional = true }
 ed25519-dalek = { version = "2.1", optional = true }
 hkdf = { version = "0.12.4", optional = true }
 libsecp256k1 = { version = "0.7.0", optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 multihash = { version = "0.19.1", optional = true }
 p256 = { version = "0.13", default-features = false, features = [ "ecdsa", "std", "pem"], optional = true }
 quick-protobuf = "0.8.1"
diff --git a/interop-tests/Cargo.toml b/interop-tests/Cargo.toml
index 81c17e19303..cbc77a1b066 100644
--- a/interop-tests/Cargo.toml
+++ b/interop-tests/Cargo.toml
@@ -17,7 +17,7 @@ either = "1.9.0"
 futures = "0.3.30"
 rand = "0.8.5"
 serde = { version = "1", features = ["derive"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
@@ -36,7 +36,7 @@ serde_json = "1"
 thirtyfour = "=0.32.0-rc.8" # https://github.com/stevepryde/thirtyfour/issues/169
 tokio = { version = "1.36.0", features = ["full"] }
 tower-http = { version = "0.5", features = ["cors", "fs", "trace"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
diff --git a/misc/memory-connection-limits/Cargo.toml b/misc/memory-connection-limits/Cargo.toml
index ae6bb386373..6f055724491 100644
--- a/misc/memory-connection-limits/Cargo.toml
+++ b/misc/memory-connection-limits/Cargo.toml
@@ -15,7 +15,7 @@ libp2p-core = { workspace = true }
 libp2p-swarm = { workspace = true }
 libp2p-identity = { workspace = true, features = ["peerid"] }
 sysinfo = "0.29"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 
 [dev-dependencies]
diff --git a/misc/multistream-select/Cargo.toml b/misc/multistream-select/Cargo.toml
index b2456243252..d11a69b2eb6 100644
--- a/misc/multistream-select/Cargo.toml
+++ b/misc/multistream-select/Cargo.toml
@@ -13,7 +13,7 @@ categories = ["network-programming", "asynchronous"]
 [dependencies]
 bytes = "1"
 futures = "0.3"
-tracing = "0.1.37"
+tracing = "0.1.43"
 pin-project = "1.1.4"
 smallvec = "1.12.0"
 unsigned-varint = { workspace = true }
diff --git a/misc/server/Cargo.toml b/misc/server/Cargo.toml
index 9653ddc5d76..34e98fff5f3 100644
--- a/misc/server/Cargo.toml
+++ b/misc/server/Cargo.toml
@@ -22,7 +22,7 @@ serde = "1.0.196"
 serde_derive = "1.0.125"
 serde_json = "1.0"
 tokio = { version = "1", features = ["rt-multi-thread", "macros"] }
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 zeroize = "1"
 
diff --git a/misc/webrtc-utils/Cargo.toml b/misc/webrtc-utils/Cargo.toml
index 7173dedae7b..c7ae40a6224 100644
--- a/misc/webrtc-utils/Cargo.toml
+++ b/misc/webrtc-utils/Cargo.toml
@@ -25,7 +25,7 @@ serde = { version = "1.0", features = ["derive"] }
 sha2 = "0.10.8"
 thiserror = "1"
 tinytemplate = "1.2"
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [dev-dependencies]
 hex-literal = "0.4"
diff --git a/muxers/mplex/Cargo.toml b/muxers/mplex/Cargo.toml
index 8de1d66c7d0..b3660bbaa8b 100644
--- a/muxers/mplex/Cargo.toml
+++ b/muxers/mplex/Cargo.toml
@@ -20,7 +20,7 @@ nohash-hasher = "0.2"
 parking_lot = "0.12"
 rand = "0.8"
 smallvec = "1.12.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 unsigned-varint = { workspace = true, features = ["asynchronous_codec"] }
 
 [dev-dependencies]
diff --git a/muxers/test-harness/Cargo.toml b/muxers/test-harness/Cargo.toml
index 7aad5f1985a..91231f70230 100644
--- a/muxers/test-harness/Cargo.toml
+++ b/muxers/test-harness/Cargo.toml
@@ -15,7 +15,7 @@ libp2p-core = { workspace = true }
 futures = "0.3.30"
 futures-timer = "3.0.2"
 futures_ringbuf = "0.4.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [lints]
 workspace = true
diff --git a/muxers/yamux/Cargo.toml b/muxers/yamux/Cargo.toml
index 14a5c0fe145..812eb765e3c 100644
--- a/muxers/yamux/Cargo.toml
+++ b/muxers/yamux/Cargo.toml
@@ -17,7 +17,7 @@ libp2p-core = { workspace = true }
 thiserror = "1.0"
 yamux012 = { version = "0.12.1", package = "yamux" }
 yamux013 = { version = "0.13.1", package = "yamux" }
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [dev-dependencies]
 async-std = { version = "1.7.0", features = ["attributes"] }
diff --git a/protocols/autonat/Cargo.toml b/protocols/autonat/Cargo.toml
index fce64ad0c12..c022d26fd5c 100644
--- a/protocols/autonat/Cargo.toml
+++ b/protocols/autonat/Cargo.toml
@@ -21,7 +21,7 @@ libp2p-request-response = { workspace = true }
 libp2p-identity = { workspace = true }
 quick-protobuf = "0.8"
 rand = "0.8"
-tracing = "0.1.37"
+tracing = "0.1.43"
 quick-protobuf-codec = { workspace = true }
 asynchronous-codec = { workspace = true }
 
diff --git a/protocols/dcutr/Cargo.toml b/protocols/dcutr/Cargo.toml
index aed7e2bf762..dd05f9514b0 100644
--- a/protocols/dcutr/Cargo.toml
+++ b/protocols/dcutr/Cargo.toml
@@ -22,7 +22,7 @@ libp2p-identity = { workspace = true }
 quick-protobuf = "0.8"
 quick-protobuf-codec = { workspace = true }
 thiserror = "1.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 lru = "0.12.1"
 futures-bounded = { workspace = true }
diff --git a/protocols/floodsub/Cargo.toml b/protocols/floodsub/Cargo.toml
index e1bd23fe2d1..def4f47bade 100644
--- a/protocols/floodsub/Cargo.toml
+++ b/protocols/floodsub/Cargo.toml
@@ -24,7 +24,7 @@ quick-protobuf-codec = { workspace = true }
 rand = "0.8"
 smallvec = "1.12.0"
 thiserror = "1.0.57"
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 # Passing arguments to the docsrs builder in order to properly document cfg's.
 # More information: https://docs.rs/about/builds#cross-compiling
diff --git a/protocols/gossipsub/Cargo.toml b/protocols/gossipsub/Cargo.toml
index 4d484a81249..9b18e5d9499 100644
--- a/protocols/gossipsub/Cargo.toml
+++ b/protocols/gossipsub/Cargo.toml
@@ -35,7 +35,7 @@ regex = "1.10.3"
 serde = { version = "1", optional = true, features = ["derive"] }
 sha2 = "0.10.8"
 smallvec = "1.12.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1.0.2"
 
 # Metrics dependencies
diff --git a/protocols/identify/Cargo.toml b/protocols/identify/Cargo.toml
index 2fb51d87627..6ee9eea2053 100644
--- a/protocols/identify/Cargo.toml
+++ b/protocols/identify/Cargo.toml
@@ -23,7 +23,7 @@ quick-protobuf-codec = { workspace = true }
 quick-protobuf = "0.8"
 smallvec = "1.12.0"
 thiserror = "1.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1.0"
 either = "1.9.0"
 
diff --git a/protocols/kad/Cargo.toml b/protocols/kad/Cargo.toml
index bde0d5f7c84..0af03a565a9 100644
--- a/protocols/kad/Cargo.toml
+++ b/protocols/kad/Cargo.toml
@@ -32,7 +32,7 @@ futures-timer = "3.0.2"
 instant = "0.1.12"
 serde = { version = "1.0", optional = true, features = ["derive"] }
 thiserror = "1"
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [dev-dependencies]
 async-std = { version = "1.12.0", features = ["attributes"] }
diff --git a/protocols/mdns/Cargo.toml b/protocols/mdns/Cargo.toml
index ef273781b78..34bed4525a2 100644
--- a/protocols/mdns/Cargo.toml
+++ b/protocols/mdns/Cargo.toml
@@ -23,7 +23,7 @@ rand = "0.8.3"
 smallvec = "1.12.0"
 socket2 = { version = "0.5.5", features = ["all"] }
 tokio = { version = "1.36", default-features = false, features = ["net", "time"], optional = true}
-tracing = "0.1.37"
+tracing = "0.1.43"
 hickory-proto = { version = "0.24.0", default-features = false, features = ["mdns"] }
 void = "1.0.2"
 
diff --git a/protocols/perf/Cargo.toml b/protocols/perf/Cargo.toml
index 68b1088a42c..b1748999ea9 100644
--- a/protocols/perf/Cargo.toml
+++ b/protocols/perf/Cargo.toml
@@ -29,7 +29,7 @@ libp2p-yamux = { workspace = true }
 serde = { version = "1.0", features = ["derive"] }
 serde_json = "1.0"
 thiserror = "1.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 tokio = { version = "1.36", default-features = false, features = ["macros", "rt", "rt-multi-thread"] }
 void = "1"
diff --git a/protocols/ping/Cargo.toml b/protocols/ping/Cargo.toml
index a4d9259e9aa..39944e745b2 100644
--- a/protocols/ping/Cargo.toml
+++ b/protocols/ping/Cargo.toml
@@ -19,7 +19,7 @@ libp2p-core = { workspace = true }
 libp2p-swarm = { workspace = true }
 libp2p-identity = { workspace = true }
 rand = "0.8"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1.0"
 
 [dev-dependencies]
diff --git a/protocols/relay/Cargo.toml b/protocols/relay/Cargo.toml
index 94b9deb1a64..7030806155f 100644
--- a/protocols/relay/Cargo.toml
+++ b/protocols/relay/Cargo.toml
@@ -26,7 +26,7 @@ quick-protobuf-codec = { workspace = true }
 rand = "0.8.4"
 static_assertions = "1"
 thiserror = "1.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 
 [dev-dependencies]
diff --git a/protocols/rendezvous/Cargo.toml b/protocols/rendezvous/Cargo.toml
index f9272d011e3..c1a8fcdc50b 100644
--- a/protocols/rendezvous/Cargo.toml
+++ b/protocols/rendezvous/Cargo.toml
@@ -25,7 +25,7 @@ quick-protobuf = "0.8"
 quick-protobuf-codec = { workspace = true }
 rand = "0.8"
 thiserror = "1"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 
 [dev-dependencies]
diff --git a/protocols/request-response/Cargo.toml b/protocols/request-response/Cargo.toml
index e3898786b5b..8ff2bbf2e41 100644
--- a/protocols/request-response/Cargo.toml
+++ b/protocols/request-response/Cargo.toml
@@ -22,7 +22,7 @@ rand = "0.8"
 serde = { version = "1.0", optional = true}
 serde_json = { version = "1.0.113", optional = true }
 smallvec = "1.12.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1.0.2"
 futures-timer = "3.0.2"
 futures-bounded = { workspace = true }
diff --git a/protocols/stream/Cargo.toml b/protocols/stream/Cargo.toml
index be340939720..019f696bddf 100644
--- a/protocols/stream/Cargo.toml
+++ b/protocols/stream/Cargo.toml
@@ -14,7 +14,7 @@ futures = "0.3.29"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true, features = ["peerid"] }
 libp2p-swarm = { workspace = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 rand = "0.8"
 
diff --git a/protocols/upnp/Cargo.toml b/protocols/upnp/Cargo.toml
index a9c9a3c8621..e1ee3db0b5d 100644
--- a/protocols/upnp/Cargo.toml
+++ b/protocols/upnp/Cargo.toml
@@ -17,7 +17,7 @@ igd-next = "0.14.3"
 libp2p-core = { workspace = true }
 libp2p-swarm = { workspace = true }
 tokio = { version = "1.36", default-features = false, features = ["rt"], optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1.0.2"
 
 [features]
diff --git a/swarm-test/Cargo.toml b/swarm-test/Cargo.toml
index ca66e115746..3817c64bef1 100644
--- a/swarm-test/Cargo.toml
+++ b/swarm-test/Cargo.toml
@@ -21,7 +21,7 @@ libp2p-tcp = { workspace = true, features = ["async-io"] }
 libp2p-yamux = { workspace = true }
 futures = "0.3.30"
 rand = "0.8.5"
-tracing = "0.1.37"
+tracing = "0.1.43"
 futures-timer = "3.0.2"
 
 [lints]
diff --git a/swarm/Cargo.toml b/swarm/Cargo.toml
index a700c1c1c5a..3fd6612b5c4 100644
--- a/swarm/Cargo.toml
+++ b/swarm/Cargo.toml
@@ -25,7 +25,7 @@ multistream-select = { workspace = true }
 once_cell = "1.19.0"
 rand = "0.8"
 smallvec = "1.12.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 void = "1"
 wasm-bindgen-futures = { version = "0.4.41", optional = true }
 
diff --git a/transports/dns/Cargo.toml b/transports/dns/Cargo.toml
index 9650893d575..b4ae45f538c 100644
--- a/transports/dns/Cargo.toml
+++ b/transports/dns/Cargo.toml
@@ -19,7 +19,7 @@ libp2p-identity = { workspace = true }
 parking_lot = "0.12.0"
 hickory-resolver = { version = "0.24.0", default-features = false, features = ["system-config"] }
 smallvec = "1.12.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [dev-dependencies]
 libp2p-identity = { workspace = true, features = ["rand"] }
diff --git a/transports/noise/Cargo.toml b/transports/noise/Cargo.toml
index 83bb6de8c0e..218d18e1927 100644
--- a/transports/noise/Cargo.toml
+++ b/transports/noise/Cargo.toml
@@ -23,7 +23,7 @@ rand = "0.8.3"
 sha2 = "0.10.8"
 static_assertions = "1"
 thiserror = "1.0.57"
-tracing = "0.1.37"
+tracing = "0.1.43"
 x25519-dalek = "2"
 zeroize = "1"
 
diff --git a/transports/plaintext/Cargo.toml b/transports/plaintext/Cargo.toml
index e3f1e280851..5b477b84352 100644
--- a/transports/plaintext/Cargo.toml
+++ b/transports/plaintext/Cargo.toml
@@ -17,7 +17,7 @@ futures = "0.3.30"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
 quick-protobuf = "0.8"
-tracing = "0.1.37"
+tracing = "0.1.43"
 quick-protobuf-codec = { workspace = true }
 
 [dev-dependencies]
diff --git a/transports/pnet/Cargo.toml b/transports/pnet/Cargo.toml
index bdefa76bbd1..90f7f9aaa61 100644
--- a/transports/pnet/Cargo.toml
+++ b/transports/pnet/Cargo.toml
@@ -14,7 +14,7 @@ categories = ["network-programming", "asynchronous"]
 futures = "0.3.30"
 salsa20 = "0.10"
 sha3 = "0.10"
-tracing = "0.1.37"
+tracing = "0.1.43"
 rand = "0.8"
 pin-project = "1.1.4"
 
diff --git a/transports/quic/Cargo.toml b/transports/quic/Cargo.toml
index b4bf93d6e10..58e80b97da1 100644
--- a/transports/quic/Cargo.toml
+++ b/transports/quic/Cargo.toml
@@ -23,7 +23,7 @@ rand = "0.8.5"
 rustls = { version = "0.21.9", default-features = false }
 thiserror = "1.0.57"
 tokio = { version = "1.36.0", default-features = false, features = ["net", "rt", "time"], optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 socket2 = "0.5.5"
 ring = "0.16.20"
 
diff --git a/transports/tcp/Cargo.toml b/transports/tcp/Cargo.toml
index 515d47d2a5a..d00f79cccb1 100644
--- a/transports/tcp/Cargo.toml
+++ b/transports/tcp/Cargo.toml
@@ -20,7 +20,7 @@ libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
 socket2 = { version = "0.5.5", features = ["all"] }
 tokio = { version = "1.36.0", default-features = false, features = ["net"], optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [features]
 tokio = ["dep:tokio", "if-watch/tokio"]
diff --git a/transports/uds/Cargo.toml b/transports/uds/Cargo.toml
index 7b01e0e38d5..80e09e8c7ba 100644
--- a/transports/uds/Cargo.toml
+++ b/transports/uds/Cargo.toml
@@ -15,7 +15,7 @@ async-std = { version = "1.6.2", optional = true }
 libp2p-core = { workspace = true }
 futures = "0.3.30"
 tokio = { version = "1.36", default-features = false, features = ["net"], optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 
 [dev-dependencies]
 tempfile = "3.10"
diff --git a/transports/webrtc-websys/Cargo.toml b/transports/webrtc-websys/Cargo.toml
index 728b6575f0a..746277b9b15 100644
--- a/transports/webrtc-websys/Cargo.toml
+++ b/transports/webrtc-websys/Cargo.toml
@@ -22,7 +22,7 @@ libp2p-identity = { workspace = true }
 libp2p-webrtc-utils = { workspace = true }
 send_wrapper = { version = "0.6.0", features = ["futures"] }
 thiserror = "1"
-tracing = "0.1.37"
+tracing = "0.1.43"
 wasm-bindgen = { version = "0.2.90" }
 wasm-bindgen-futures = { version = "0.4.41" }
 web-sys = { version = "0.3.68", features = ["Document", "Location", "MessageEvent", "Navigator", "RtcCertificate", "RtcConfiguration", "RtcDataChannel", "RtcDataChannelEvent", "RtcDataChannelInit", "RtcDataChannelState", "RtcDataChannelType", "RtcPeerConnection", "RtcSdpType", "RtcSessionDescription", "RtcSessionDescriptionInit", "Window"] }
diff --git a/transports/webrtc/Cargo.toml b/transports/webrtc/Cargo.toml
index 1bd1bd57a61..c16d94293c3 100644
--- a/transports/webrtc/Cargo.toml
+++ b/transports/webrtc/Cargo.toml
@@ -30,7 +30,7 @@ thiserror = "1"
 tinytemplate = "1.2"
 tokio = { version = "1.36", features = ["net"], optional = true }
 tokio-util = { version = "0.7", features = ["compat"], optional = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 webrtc = { version = "0.9.0", optional = true }
 
 [features]
diff --git a/transports/websocket-websys/Cargo.toml b/transports/websocket-websys/Cargo.toml
index 5855b582c80..e0b3412f7ab 100644
--- a/transports/websocket-websys/Cargo.toml
+++ b/transports/websocket-websys/Cargo.toml
@@ -15,7 +15,7 @@ bytes = "1.4.0"
 futures = "0.3.30"
 js-sys = "0.3.67"
 libp2p-core = { workspace = true }
-tracing = "0.1.37"
+tracing = "0.1.43"
 parking_lot = "0.12.1"
 send_wrapper = "0.6.0"
 thiserror = "1.0.57"
diff --git a/transports/websocket/Cargo.toml b/transports/websocket/Cargo.toml
index 385e292103c..4aa8021bfb1 100644
--- a/transports/websocket/Cargo.toml
+++ b/transports/websocket/Cargo.toml
@@ -20,7 +20,7 @@ parking_lot = "0.12.0"
 pin-project-lite = "0.2.13"
 rw-stream-sink = { workspace = true }
 soketto = "0.7.0"
-tracing = "0.1.37"
+tracing = "0.1.43"
 url = "2.5"
 webpki-roots = "0.25"
 
diff --git a/transports/webtransport-websys/Cargo.toml b/transports/webtransport-websys/Cargo.toml
index b9f8f36d760..b122504133c 100644
--- a/transports/webtransport-websys/Cargo.toml
+++ b/transports/webtransport-websys/Cargo.toml
@@ -23,7 +23,7 @@ multiaddr = { workspace = true }
 multihash = { workspace = true }
 send_wrapper = { version = "0.6.0", features = ["futures"] }
 thiserror = "1.0.57"
-tracing = "0.1.37"
+tracing = "0.1.43"
 wasm-bindgen = "0.2.90"
 wasm-bindgen-futures = "0.4.41"
 web-sys = { version = "0.3.68", features = [