diff --git a/Cargo.lock b/Cargo.lock
index f858df0abe8e..32e68779fd1d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1169,9 +1169,9 @@ checksum = "ecc7ab41815b3c653ccd2978ec3255c81349336702dfdf62ee6f7069b12a3aae"
 
 [[package]]
 name = "async-trait"
-version = "0.1.73"
+version = "0.1.74"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bc00ceb34980c03614e35a3a4e218276a0a824e911d07651cd0d858a51e8c0f0"
+checksum = "a66537f1bb974b254c98ed142ff995236e81b9d0fe4db0575f46612cb15eb0f9"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/cumulus/client/collator/Cargo.toml b/cumulus/client/collator/Cargo.toml
index 7392934f4c9c..5aa260eae1b4 100644
--- a/cumulus/client/collator/Cargo.toml
+++ b/cumulus/client/collator/Cargo.toml
@@ -34,7 +34,7 @@ cumulus-client-network = { path = "../network" }
 cumulus-primitives-core = { path = "../../primitives/core" }
 
 [dev-dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 
 # Substrate
 sp-maybe-compressed-blob = { path = "../../../substrate/primitives/maybe-compressed-blob" }
diff --git a/cumulus/client/consensus/aura/Cargo.toml b/cumulus/client/consensus/aura/Cargo.toml
index cd77504a2a24..4c20911c645d 100644
--- a/cumulus/client/consensus/aura/Cargo.toml
+++ b/cumulus/client/consensus/aura/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 workspace = true
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 futures = "0.3.28"
 tracing = "0.1.37"
diff --git a/cumulus/client/consensus/common/Cargo.toml b/cumulus/client/consensus/common/Cargo.toml
index 770e5c01e8b5..4796667d6956 100644
--- a/cumulus/client/consensus/common/Cargo.toml
+++ b/cumulus/client/consensus/common/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 workspace = true
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 dyn-clone = "1.0.12"
 futures = "0.3.28"
diff --git a/cumulus/client/consensus/proposer/Cargo.toml b/cumulus/client/consensus/proposer/Cargo.toml
index 2006eac5bf13..107f466ca104 100644
--- a/cumulus/client/consensus/proposer/Cargo.toml
+++ b/cumulus/client/consensus/proposer/Cargo.toml
@@ -11,7 +11,7 @@ workspace = true
 
 [dependencies]
 anyhow = "1.0"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 thiserror = "1.0.48"
 
 # Substrate
diff --git a/cumulus/client/consensus/relay-chain/Cargo.toml b/cumulus/client/consensus/relay-chain/Cargo.toml
index 76b1c9a422fe..d7702809779d 100644
--- a/cumulus/client/consensus/relay-chain/Cargo.toml
+++ b/cumulus/client/consensus/relay-chain/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 workspace = true
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 futures = "0.3.28"
 parking_lot = "0.12.1"
 tracing = "0.1.37"
diff --git a/cumulus/client/network/Cargo.toml b/cumulus/client/network/Cargo.toml
index 5e0d478f5ac6..edd349155fa6 100644
--- a/cumulus/client/network/Cargo.toml
+++ b/cumulus/client/network/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 workspace = true
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 futures = "0.3.28"
 futures-timer = "3.0.2"
diff --git a/cumulus/client/pov-recovery/Cargo.toml b/cumulus/client/pov-recovery/Cargo.toml
index 93d650165301..ad55e0e9c4b8 100644
--- a/cumulus/client/pov-recovery/Cargo.toml
+++ b/cumulus/client/pov-recovery/Cargo.toml
@@ -32,7 +32,7 @@ polkadot-primitives = { path = "../../../polkadot/primitives" }
 # Cumulus
 cumulus-primitives-core = { path = "../../primitives/core" }
 cumulus-relay-chain-interface = { path = "../relay-chain-interface" }
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 
 [dev-dependencies]
 tokio = { version = "1.32.0", features = ["macros"] }
diff --git a/cumulus/client/relay-chain-inprocess-interface/Cargo.toml b/cumulus/client/relay-chain-inprocess-interface/Cargo.toml
index 15063d09bca0..63f4c9154743 100644
--- a/cumulus/client/relay-chain-inprocess-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-inprocess-interface/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 workspace = true
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 futures = "0.3.28"
 futures-timer = "3.0.2"
 
diff --git a/cumulus/client/relay-chain-interface/Cargo.toml b/cumulus/client/relay-chain-interface/Cargo.toml
index 98893a398fb9..5100119a2e49 100644
--- a/cumulus/client/relay-chain-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-interface/Cargo.toml
@@ -20,7 +20,7 @@ sp-state-machine = { path = "../../../substrate/primitives/state-machine" }
 sc-client-api = { path = "../../../substrate/client/api" }
 
 futures = "0.3.28"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 thiserror = "1.0.48"
 jsonrpsee-core = "0.16.2"
 parity-scale-codec = "3.6.4"
diff --git a/cumulus/client/relay-chain-minimal-node/Cargo.toml b/cumulus/client/relay-chain-minimal-node/Cargo.toml
index b22731b3a6de..45b958998bd8 100644
--- a/cumulus/client/relay-chain-minimal-node/Cargo.toml
+++ b/cumulus/client/relay-chain-minimal-node/Cargo.toml
@@ -48,6 +48,6 @@ cumulus-primitives-core = { path = "../../primitives/core" }
 
 array-bytes = "6.1"
 tracing = "0.1.37"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 futures = "0.3.28"
 parking_lot = "0.12.1"
diff --git a/cumulus/client/relay-chain-rpc-interface/Cargo.toml b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
index 050bea08f0f7..2295bffddcf8 100644
--- a/cumulus/client/relay-chain-rpc-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
@@ -35,7 +35,7 @@ futures-timer = "3.0.2"
 parity-scale-codec = "3.6.4"
 jsonrpsee = { version = "0.16.2", features = ["ws-client"] }
 tracing = "0.1.37"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 url = "2.4.0"
 serde_json = "1.0.108"
 serde = "1.0.193"
diff --git a/cumulus/polkadot-parachain/Cargo.toml b/cumulus/polkadot-parachain/Cargo.toml
index b8c1508da09e..8b7d1c1483c9 100644
--- a/cumulus/polkadot-parachain/Cargo.toml
+++ b/cumulus/polkadot-parachain/Cargo.toml
@@ -15,7 +15,7 @@ name = "polkadot-parachain"
 path = "src/main.rs"
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 clap = { version = "4.4.11", features = ["derive"] }
 codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.28"
diff --git a/cumulus/primitives/parachain-inherent/Cargo.toml b/cumulus/primitives/parachain-inherent/Cargo.toml
index bfb101a43f40..f914af117514 100644
--- a/cumulus/primitives/parachain-inherent/Cargo.toml
+++ b/cumulus/primitives/parachain-inherent/Cargo.toml
@@ -10,7 +10,7 @@ license = "Apache-2.0"
 workspace = true
 
 [dependencies]
-async-trait = { version = "0.1.73", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.0.0", default-features = false, features = ["derive"] }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 tracing = { version = "0.1.37", optional = true }
diff --git a/cumulus/test/service/Cargo.toml b/cumulus/test/service/Cargo.toml
index c4e7f7401b05..c6d82191a9ed 100644
--- a/cumulus/test/service/Cargo.toml
+++ b/cumulus/test/service/Cargo.toml
@@ -13,7 +13,7 @@ name = "test-parachain"
 path = "src/main.rs"
 
 [dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 clap = { version = "4.4.11", features = ["derive"] }
 codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.5.1", features = ["async_tokio"] }
diff --git a/polkadot/node/core/approval-voting/Cargo.toml b/polkadot/node/core/approval-voting/Cargo.toml
index 61a1e84dd6fc..4e9c88a9078f 100644
--- a/polkadot/node/core/approval-voting/Cargo.toml
+++ b/polkadot/node/core/approval-voting/Cargo.toml
@@ -40,7 +40,7 @@ rand_chacha = { version = "0.3.1" }
 rand = "0.8.5"
 
 [dev-dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 parking_lot = "0.12.0"
 # rand_core should match schnorrkel
 rand_core = "0.5.1"
diff --git a/polkadot/node/core/candidate-validation/Cargo.toml b/polkadot/node/core/candidate-validation/Cargo.toml
index 9ded9e58a16d..4f0ad67dbf1c 100644
--- a/polkadot/node/core/candidate-validation/Cargo.toml
+++ b/polkadot/node/core/candidate-validation/Cargo.toml
@@ -10,7 +10,7 @@ license.workspace = true
 workspace = true
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 futures-timer = "3.0.2"
 gum = { package = "tracing-gum", path = "../../gum" }
diff --git a/polkadot/node/core/parachains-inherent/Cargo.toml b/polkadot/node/core/parachains-inherent/Cargo.toml
index 8d84b586a304..238402002518 100644
--- a/polkadot/node/core/parachains-inherent/Cargo.toml
+++ b/polkadot/node/core/parachains-inherent/Cargo.toml
@@ -14,7 +14,7 @@ futures = "0.3.21"
 futures-timer = "3.0.2"
 gum = { package = "tracing-gum", path = "../../gum" }
 thiserror = "1.0.48"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 polkadot-node-subsystem = { path = "../../subsystem" }
 polkadot-overseer = { path = "../../overseer" }
 polkadot-primitives = { path = "../../../primitives" }
diff --git a/polkadot/node/core/runtime-api/Cargo.toml b/polkadot/node/core/runtime-api/Cargo.toml
index 547431b45b23..07be4d128c25 100644
--- a/polkadot/node/core/runtime-api/Cargo.toml
+++ b/polkadot/node/core/runtime-api/Cargo.toml
@@ -25,7 +25,7 @@ polkadot-node-subsystem-types = { path = "../../subsystem-types" }
 sp-api = { path = "../../../../substrate/primitives/api" }
 sp-core = { path = "../../../../substrate/primitives/core" }
 sp-keyring = { path = "../../../../substrate/primitives/keyring" }
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = { version = "0.3.21", features = ["thread-pool"] }
 polkadot-node-subsystem-test-helpers = { path = "../../subsystem-test-helpers" }
 polkadot-node-primitives = { path = "../../primitives" }
diff --git a/polkadot/node/malus/Cargo.toml b/polkadot/node/malus/Cargo.toml
index d0a9b65f7204..659c6eb8cd8a 100644
--- a/polkadot/node/malus/Cargo.toml
+++ b/polkadot/node/malus/Cargo.toml
@@ -40,7 +40,7 @@ polkadot-node-primitives = { path = "../primitives" }
 polkadot-primitives = { path = "../../primitives" }
 color-eyre = { version = "0.6.1", default-features = false }
 assert_matches = "1.5"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 sp-keystore = { path = "../../../substrate/primitives/keystore" }
 sp-core = { path = "../../../substrate/primitives/core" }
 clap = { version = "4.4.11", features = ["derive"] }
diff --git a/polkadot/node/network/availability-recovery/Cargo.toml b/polkadot/node/network/availability-recovery/Cargo.toml
index 063d75275ca5..ec1cf475302b 100644
--- a/polkadot/node/network/availability-recovery/Cargo.toml
+++ b/polkadot/node/network/availability-recovery/Cargo.toml
@@ -16,7 +16,7 @@ schnellru = "0.2.1"
 rand = "0.8.5"
 fatality = "0.0.6"
 thiserror = "1.0.48"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 gum = { package = "tracing-gum", path = "../../gum" }
 
 polkadot-erasure-coding = { path = "../../../erasure-coding" }
diff --git a/polkadot/node/network/bridge/Cargo.toml b/polkadot/node/network/bridge/Cargo.toml
index d6b9a0a5e76f..a2a4735d7a19 100644
--- a/polkadot/node/network/bridge/Cargo.toml
+++ b/polkadot/node/network/bridge/Cargo.toml
@@ -11,7 +11,7 @@ workspace = true
 
 [dependencies]
 always-assert = "0.1"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 gum = { package = "tracing-gum", path = "../../gum" }
 polkadot-primitives = { path = "../../../primitives" }
diff --git a/polkadot/node/network/dispute-distribution/Cargo.toml b/polkadot/node/network/dispute-distribution/Cargo.toml
index 15a0edd3661d..6b494c65336d 100644
--- a/polkadot/node/network/dispute-distribution/Cargo.toml
+++ b/polkadot/node/network/dispute-distribution/Cargo.toml
@@ -31,7 +31,7 @@ indexmap = "1.9.1"
 
 [dev-dependencies]
 async-channel = "1.8.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 polkadot-node-subsystem-test-helpers = { path = "../../subsystem-test-helpers" }
 sp-keyring = { path = "../../../../substrate/primitives/keyring" }
 sp-tracing = { path = "../../../../substrate/primitives/tracing" }
diff --git a/polkadot/node/network/gossip-support/Cargo.toml b/polkadot/node/network/gossip-support/Cargo.toml
index e4d6ac601c3a..9ad7292b0fdc 100644
--- a/polkadot/node/network/gossip-support/Cargo.toml
+++ b/polkadot/node/network/gossip-support/Cargo.toml
@@ -36,6 +36,6 @@ sp-authority-discovery = { path = "../../../../substrate/primitives/authority-di
 polkadot-node-subsystem-test-helpers = { path = "../../subsystem-test-helpers" }
 
 assert_matches = "1.4.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 lazy_static = "1.4.0"
 quickcheck = "1.0.3"
diff --git a/polkadot/node/network/protocol/Cargo.toml b/polkadot/node/network/protocol/Cargo.toml
index 1aded1f3c074..e683c662fbe7 100644
--- a/polkadot/node/network/protocol/Cargo.toml
+++ b/polkadot/node/network/protocol/Cargo.toml
@@ -11,7 +11,7 @@ workspace = true
 
 [dependencies]
 async-channel = "1.8.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 hex = "0.4.3"
 polkadot-primitives = { path = "../../../primitives" }
 polkadot-node-primitives = { path = "../../primitives" }
diff --git a/polkadot/node/overseer/Cargo.toml b/polkadot/node/overseer/Cargo.toml
index ec1849404b04..40df8d3514a4 100644
--- a/polkadot/node/overseer/Cargo.toml
+++ b/polkadot/node/overseer/Cargo.toml
@@ -23,7 +23,7 @@ polkadot-primitives = { path = "../../primitives" }
 orchestra = { version = "0.3.3", default-features = false, features = ["futures_channel"] }
 gum = { package = "tracing-gum", path = "../gum" }
 sp-core = { path = "../../../substrate/primitives/core" }
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 tikv-jemalloc-ctl = { version = "0.5.0", optional = true }
 
 [dev-dependencies]
diff --git a/polkadot/node/service/Cargo.toml b/polkadot/node/service/Cargo.toml
index 85accff9e293..0671b912120f 100644
--- a/polkadot/node/service/Cargo.toml
+++ b/polkadot/node/service/Cargo.toml
@@ -78,7 +78,7 @@ frame-benchmarking-cli = { path = "../../../substrate/utils/frame/benchmarking-c
 frame-benchmarking = { path = "../../../substrate/frame/benchmarking" }
 
 # External Crates
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 hex-literal = "0.4.1"
 is_executable = "1.0.1"
diff --git a/polkadot/node/subsystem-bench/Cargo.toml b/polkadot/node/subsystem-bench/Cargo.toml
index 08d1a31adf55..cf9fd8822dde 100644
--- a/polkadot/node/subsystem-bench/Cargo.toml
+++ b/polkadot/node/subsystem-bench/Cargo.toml
@@ -27,7 +27,7 @@ color-eyre = { version = "0.6.1", default-features = false }
 polkadot-overseer = { path = "../overseer" }
 colored = "2.0.4"
 assert_matches = "1.5"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 sp-keystore = { path = "../../../substrate/primitives/keystore" }
 sc-keystore = { path = "../../../substrate/client/keystore" }
 sp-core = { path = "../../../substrate/primitives/core" }
diff --git a/polkadot/node/subsystem-test-helpers/Cargo.toml b/polkadot/node/subsystem-test-helpers/Cargo.toml
index 7b616bdb4382..d0be9af4ed63 100644
--- a/polkadot/node/subsystem-test-helpers/Cargo.toml
+++ b/polkadot/node/subsystem-test-helpers/Cargo.toml
@@ -11,7 +11,7 @@ license.workspace = true
 workspace = true
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 parking_lot = "0.12.0"
 polkadot-node-subsystem = { path = "../subsystem" }
diff --git a/polkadot/node/subsystem-types/Cargo.toml b/polkadot/node/subsystem-types/Cargo.toml
index 5518e9d080ce..6713e9031234 100644
--- a/polkadot/node/subsystem-types/Cargo.toml
+++ b/polkadot/node/subsystem-types/Cargo.toml
@@ -29,5 +29,5 @@ sc-transaction-pool-api = { path = "../../../substrate/client/transaction-pool/a
 smallvec = "1.8.0"
 substrate-prometheus-endpoint = { path = "../../../substrate/utils/prometheus" }
 thiserror = "1.0.48"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 bitvec = { version = "1.0.0", default-features = false, features = ["alloc"] }
diff --git a/polkadot/node/subsystem-util/Cargo.toml b/polkadot/node/subsystem-util/Cargo.toml
index d6df3fbe3e26..6668430d3b71 100644
--- a/polkadot/node/subsystem-util/Cargo.toml
+++ b/polkadot/node/subsystem-util/Cargo.toml
@@ -10,7 +10,7 @@ license.workspace = true
 workspace = true
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 futures-channel = "0.3.23"
 itertools = "0.10"
diff --git a/substrate/client/authority-discovery/Cargo.toml b/substrate/client/authority-discovery/Cargo.toml
index 33db0c156eb7..e8b9b3f7b7b5 100644
--- a/substrate/client/authority-discovery/Cargo.toml
+++ b/substrate/client/authority-discovery/Cargo.toml
@@ -42,7 +42,7 @@ sp-blockchain = { path = "../../primitives/blockchain" }
 sp-core = { path = "../../primitives/core" }
 sp-keystore = { path = "../../primitives/keystore" }
 sp-runtime = { path = "../../primitives/runtime" }
-async-trait = "0.1.56"
+async-trait = "0.1.74"
 multihash-codetable = { version = "0.1.1", features = [
 	"digest",
 	"serde",
diff --git a/substrate/client/consensus/aura/Cargo.toml b/substrate/client/consensus/aura/Cargo.toml
index a323a1dda471..89a63a944166 100644
--- a/substrate/client/consensus/aura/Cargo.toml
+++ b/substrate/client/consensus/aura/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 log = "0.4.17"
diff --git a/substrate/client/consensus/babe/Cargo.toml b/substrate/client/consensus/babe/Cargo.toml
index 996063cef1b8..40c69d5780a5 100644
--- a/substrate/client/consensus/babe/Cargo.toml
+++ b/substrate/client/consensus/babe/Cargo.toml
@@ -17,7 +17,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1", features = ["derive"] }
 futures = "0.3.21"
 log = "0.4.17"
diff --git a/substrate/client/consensus/beefy/Cargo.toml b/substrate/client/consensus/beefy/Cargo.toml
index 8ffa6b24be8a..1736929e9b44 100644
--- a/substrate/client/consensus/beefy/Cargo.toml
+++ b/substrate/client/consensus/beefy/Cargo.toml
@@ -14,7 +14,7 @@ workspace = true
 [dependencies]
 array-bytes = "6.1"
 async-channel = "1.8.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1", features = ["derive"] }
 fnv = "1.0.6"
 futures = "0.3"
diff --git a/substrate/client/consensus/common/Cargo.toml b/substrate/client/consensus/common/Cargo.toml
index 9c0305bb8c9b..ba0147b89524 100644
--- a/substrate/client/consensus/common/Cargo.toml
+++ b/substrate/client/consensus/common/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = { version = "0.3.21", features = ["thread-pool"] }
 futures-timer = "3.0.1"
 libp2p-identity = { version = "0.1.3", features = ["ed25519", "peerid"] }
diff --git a/substrate/client/consensus/grandpa/Cargo.toml b/substrate/client/consensus/grandpa/Cargo.toml
index 14ce52f2729a..2adedb5b3b55 100644
--- a/substrate/client/consensus/grandpa/Cargo.toml
+++ b/substrate/client/consensus/grandpa/Cargo.toml
@@ -19,7 +19,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 [dependencies]
 ahash = "0.8.2"
 array-bytes = "6.1"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 dyn-clone = "1.0"
 finality-grandpa = { version = "0.16.2", features = ["derive-codec"] }
 futures = "0.3.21"
diff --git a/substrate/client/consensus/manual-seal/Cargo.toml b/substrate/client/consensus/manual-seal/Cargo.toml
index c111f0494dec..77cd88dfc194 100644
--- a/substrate/client/consensus/manual-seal/Cargo.toml
+++ b/substrate/client/consensus/manual-seal/Cargo.toml
@@ -18,7 +18,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 [dependencies]
 jsonrpsee = { version = "0.16.2", features = ["client-core", "macros", "server"] }
 assert_matches = "1.3.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 futures-timer = "3.0.1"
diff --git a/substrate/client/consensus/pow/Cargo.toml b/substrate/client/consensus/pow/Cargo.toml
index d5eebb23e13f..7077fb84babe 100644
--- a/substrate/client/consensus/pow/Cargo.toml
+++ b/substrate/client/consensus/pow/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1", features = ["derive"] }
 futures = "0.3.21"
 futures-timer = "3.0.1"
diff --git a/substrate/client/consensus/slots/Cargo.toml b/substrate/client/consensus/slots/Cargo.toml
index 29206004c23f..801558a276a5 100644
--- a/substrate/client/consensus/slots/Cargo.toml
+++ b/substrate/client/consensus/slots/Cargo.toml
@@ -17,7 +17,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 futures-timer = "3.0.1"
diff --git a/substrate/client/network-gossip/Cargo.toml b/substrate/client/network-gossip/Cargo.toml
index d4fb416a4a0d..c34ce0cd5380 100644
--- a/substrate/client/network-gossip/Cargo.toml
+++ b/substrate/client/network-gossip/Cargo.toml
@@ -32,7 +32,7 @@ sp-runtime = { path = "../../primitives/runtime" }
 
 [dev-dependencies]
 tokio = "1.22.0"
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 quickcheck = { version = "1.0.3", default-features = false }
 substrate-test-runtime-client = { path = "../../test-utils/runtime/client" }
diff --git a/substrate/client/network/common/Cargo.toml b/substrate/client/network/common/Cargo.toml
index 5b0eb5510a5e..8e5ad61d5e4b 100644
--- a/substrate/client/network/common/Cargo.toml
+++ b/substrate/client/network/common/Cargo.toml
@@ -19,7 +19,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 prost-build = "0.11"
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 bitflags = "1.3.2"
 codec = { package = "parity-scale-codec", version = "3.6.1", features = [
 	"derive",
diff --git a/substrate/client/network/sync/Cargo.toml b/substrate/client/network/sync/Cargo.toml
index f20592d5f259..1cb06e2bd880 100644
--- a/substrate/client/network/sync/Cargo.toml
+++ b/substrate/client/network/sync/Cargo.toml
@@ -21,7 +21,7 @@ prost-build = "0.11"
 [dependencies]
 array-bytes = "6.1"
 async-channel = "1.8.0"
-async-trait = "0.1.58"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1", features = ["derive"] }
 futures = "0.3.21"
 futures-timer = "3.0.2"
diff --git a/substrate/client/network/test/Cargo.toml b/substrate/client/network/test/Cargo.toml
index cd66c701660b..b5c5c9e1e3f2 100644
--- a/substrate/client/network/test/Cargo.toml
+++ b/substrate/client/network/test/Cargo.toml
@@ -17,7 +17,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
 tokio = "1.22.0"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = "0.3.21"
 futures-timer = "3.0.1"
 libp2p = "0.51.3"
diff --git a/substrate/client/service/Cargo.toml b/substrate/client/service/Cargo.toml
index 4c03b59a663e..0dd6db753327 100644
--- a/substrate/client/service/Cargo.toml
+++ b/substrate/client/service/Cargo.toml
@@ -79,7 +79,7 @@ sc-tracing = { path = "../tracing" }
 sc-sysinfo = { path = "../sysinfo" }
 tracing = "0.1.29"
 tracing-futures = { version = "0.2.4" }
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 tokio = { version = "1.22.0", features = ["parking_lot", "rt-multi-thread", "time"] }
 tempfile = "3.1.0"
 directories = "5.0.1"
diff --git a/substrate/client/transaction-pool/Cargo.toml b/substrate/client/transaction-pool/Cargo.toml
index 493f6680c4c0..2eeeb69d5cf4 100644
--- a/substrate/client/transaction-pool/Cargo.toml
+++ b/substrate/client/transaction-pool/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 futures-timer = "3.0.2"
diff --git a/substrate/client/transaction-pool/api/Cargo.toml b/substrate/client/transaction-pool/api/Cargo.toml
index 29e402c34f8f..c7325dc2bb63 100644
--- a/substrate/client/transaction-pool/api/Cargo.toml
+++ b/substrate/client/transaction-pool/api/Cargo.toml
@@ -12,7 +12,7 @@ description = "Transaction pool client facing API."
 workspace = true
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 log = "0.4.17"
diff --git a/substrate/primitives/consensus/aura/Cargo.toml b/substrate/primitives/consensus/aura/Cargo.toml
index 15159f626118..6c797e15ae80 100644
--- a/substrate/primitives/consensus/aura/Cargo.toml
+++ b/substrate/primitives/consensus/aura/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = { version = "0.1.57", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 sp-api = { path = "../../api", default-features = false }
diff --git a/substrate/primitives/consensus/babe/Cargo.toml b/substrate/primitives/consensus/babe/Cargo.toml
index 72cee3604d58..8690c73e34c3 100644
--- a/substrate/primitives/consensus/babe/Cargo.toml
+++ b/substrate/primitives/consensus/babe/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = { version = "0.1.57", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 serde = { version = "1.0.193", default-features = false, features = ["alloc", "derive"], optional = true }
diff --git a/substrate/primitives/consensus/common/Cargo.toml b/substrate/primitives/consensus/common/Cargo.toml
index 066578406b64..afb7a9895fcd 100644
--- a/substrate/primitives/consensus/common/Cargo.toml
+++ b/substrate/primitives/consensus/common/Cargo.toml
@@ -17,7 +17,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 futures = { version = "0.3.21", features = ["thread-pool"] }
 log = "0.4.17"
 thiserror = "1.0.48"
diff --git a/substrate/primitives/inherents/Cargo.toml b/substrate/primitives/inherents/Cargo.toml
index e011e9ce9b8d..5c13694ceac1 100644
--- a/substrate/primitives/inherents/Cargo.toml
+++ b/substrate/primitives/inherents/Cargo.toml
@@ -17,7 +17,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = { version = "0.1.57", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false, features = ["derive"] }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 impl-trait-for-tuples = "0.2.2"
diff --git a/substrate/primitives/timestamp/Cargo.toml b/substrate/primitives/timestamp/Cargo.toml
index ea1e4ebbee3a..b61f36f2056b 100644
--- a/substrate/primitives/timestamp/Cargo.toml
+++ b/substrate/primitives/timestamp/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = { version = "0.1.57", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false, features = ["derive"] }
 thiserror = { version = "1.0.48", optional = true }
 sp-inherents = { path = "../inherents", default-features = false }
diff --git a/substrate/primitives/transaction-storage-proof/Cargo.toml b/substrate/primitives/transaction-storage-proof/Cargo.toml
index f8c3ded2ef72..e1c50a09c59d 100644
--- a/substrate/primitives/transaction-storage-proof/Cargo.toml
+++ b/substrate/primitives/transaction-storage-proof/Cargo.toml
@@ -16,7 +16,7 @@ workspace = true
 targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
-async-trait = { version = "0.1.57", optional = true }
+async-trait = { version = "0.1.74", optional = true }
 codec = { package = "parity-scale-codec", version = "3.6.1", default-features = false, features = ["derive"] }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
 sp-core = { path = "../core", optional = true }
diff --git a/substrate/test-utils/client/Cargo.toml b/substrate/test-utils/client/Cargo.toml
index a137e7b17fc1..2e343f4155b4 100644
--- a/substrate/test-utils/client/Cargo.toml
+++ b/substrate/test-utils/client/Cargo.toml
@@ -17,7 +17,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
 array-bytes = "6.1"
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 codec = { package = "parity-scale-codec", version = "3.6.1" }
 futures = "0.3.21"
 serde = "1.0.193"
diff --git a/substrate/utils/frame/rpc/client/Cargo.toml b/substrate/utils/frame/rpc/client/Cargo.toml
index 986f9f3943cd..1e8a298726eb 100644
--- a/substrate/utils/frame/rpc/client/Cargo.toml
+++ b/substrate/utils/frame/rpc/client/Cargo.toml
@@ -17,7 +17,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 [dependencies]
 jsonrpsee = { version = "0.16.2", features = ["ws-client"] }
 sc-rpc-api = { path = "../../../../client/rpc-api" }
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 serde = "1"
 sp-runtime = { path = "../../../../primitives/runtime" }
 log = "0.4"
diff --git a/substrate/utils/frame/try-runtime/cli/Cargo.toml b/substrate/utils/frame/try-runtime/cli/Cargo.toml
index 9f560ab3271e..e7ae9a6d3dbf 100644
--- a/substrate/utils/frame/try-runtime/cli/Cargo.toml
+++ b/substrate/utils/frame/try-runtime/cli/Cargo.toml
@@ -37,7 +37,7 @@ sp-weights = { path = "../../../../primitives/weights" }
 frame-try-runtime = { path = "../../../../frame/try-runtime", optional = true }
 substrate-rpc-client = { path = "../../rpc/client" }
 
-async-trait = "0.1.57"
+async-trait = "0.1.74"
 clap = { version = "4.4.11", features = ["derive"] }
 hex = { version = "0.4.3", default-features = false }
 log = "0.4.17"