diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5a93ef18c..4f4cdd6d6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 - Updated the toolchain version used by `ink_linting` - [#1616](https://github.com/paritytech/cargo-contract/pull/1616)
+- Bump the version of `subxt` and `subxt-signer` - [#1722](https://github.com/use-ink/cargo-contract/pull/1722)
+
+### Removed
+- Remove support for `V11` metadata [#1722](https://github.com/use-ink/cargo-contract/pull/1722)
 
 ## [4.1.1]
 
diff --git a/Cargo.lock b/Cargo.lock
index a72a51481..fec2b141d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -762,7 +762,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "dbe5b10e214954177fb1dc9fbd20a1a2608fe99e6c832033bdc7cea287a20d77"
 dependencies = [
  "borsh-derive",
- "cfg_aliases",
+ "cfg_aliases 0.1.1",
 ]
 
 [[package]]
@@ -953,6 +953,12 @@ dependencies = [
  "once_cell",
 ]
 
+[[package]]
+name = "cesu8"
+version = "1.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6d43a04d8753f35258c91f8ec639f792891f748a1edbd759cf1dcea3382ad83c"
+
 [[package]]
 name = "cfg-if"
 version = "1.0.0"
@@ -965,6 +971,12 @@ version = "0.1.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fd16c4719339c4530435d38e511904438d07cce7950afa3718a84ac36c10e89e"
 
+[[package]]
+name = "cfg_aliases"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "613afe47fcd5fac7ccf1db93babcb082c5994d996f20b8b159f2ad1658eb5724"
+
 [[package]]
 name = "chacha20"
 version = "0.9.1"
@@ -1074,6 +1086,16 @@ dependencies = [
  "windows-sys 0.48.0",
 ]
 
+[[package]]
+name = "combine"
+version = "4.6.7"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ba5a308b75df32fe02788e748662718f03fde005016435c444eea572398219fd"
+dependencies = [
+ "bytes",
+ "memchr",
+]
+
 [[package]]
 name = "comfy-table"
 version = "7.1.1"
@@ -1328,9 +1350,9 @@ dependencies = [
 
 [[package]]
 name = "crc32fast"
-version = "1.4.0"
+version = "1.4.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b3855a8a784b474f333699ef2bbca9db2c4a1f6d9088a90a2d25b1eb53111eaa"
+checksum = "a97769d94ddab943e4510d138150169a2758b5ef3eb191a9ee688de3e23ef7b3"
 dependencies = [
  "cfg-if",
 ]
@@ -1346,9 +1368,9 @@ dependencies = [
 
 [[package]]
 name = "crossbeam-utils"
-version = "0.8.19"
+version = "0.8.20"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "248e3bacc7dc6baa3b21e405ee045c3047101a49145e7e9eca583ab4c2ca5345"
+checksum = "22ec99545bb0ed0ea7bb9b8e1e9122ea386ff8a48c0922e43f36d45ab09e0e80"
 
 [[package]]
 name = "crossterm"
@@ -1617,6 +1639,17 @@ dependencies = [
  "syn 2.0.61",
 ]
 
+[[package]]
+name = "derive-where"
+version = "1.2.7"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "62d671cc41a825ebabc75757b62d3d168c577f9149b2d49ece1dad1f72119d25"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn 2.0.61",
+]
+
 [[package]]
 name = "derive_arbitrary"
 version = "1.3.2"
@@ -1676,9 +1709,9 @@ dependencies = [
 
 [[package]]
 name = "displaydoc"
-version = "0.2.4"
+version = "0.2.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "487585f4d0c6655fe74905e2504d8ad6908e4db67f744eb140876906c2f3175d"
+checksum = "97369cbbc041bc366949bc74d34658d6cda5621039731c6310521892a3a20ae0"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1833,9 +1866,9 @@ dependencies = [
 
 [[package]]
 name = "either"
-version = "1.11.0"
+version = "1.13.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a47c1c47d2f5964e29c61246e81db715514cd532db6b5116a25ea3c03d6780a2"
+checksum = "60b1af1c220855b6ceac025d3f6ecdd2b7c4894bfe9cd9bda4fbb4bc7c0d4cf0"
 
 [[package]]
 name = "elliptic-curve"
@@ -1983,6 +2016,16 @@ version = "0.2.8"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "38793c55593b33412e3ae40c2c9781ffaa6f438f6f8c10f24e71846fbd7ae01e"
 
+[[package]]
+name = "finito"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2384245d85162258a14b43567a9ee3598f5ae746a1581fb5d3d2cb780f0dbf95"
+dependencies = [
+ "futures-timer",
+ "pin-project",
+]
+
 [[package]]
 name = "fixed-hash"
 version = "0.8.0"
@@ -2866,9 +2909,9 @@ dependencies = [
 
 [[package]]
 name = "instant"
-version = "0.1.12"
+version = "0.1.13"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7a5bbe824c507c5da5956355e86a746d82e0e1464f65d862cc5e71da70e94b2c"
+checksum = "e0242819d153cba4b4b05a5a8f2a7e9bbf97b6055b2a002b395c96b5ff3c0222"
 dependencies = [
  "cfg-if",
 ]
@@ -2938,6 +2981,26 @@ version = "1.0.11"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "49f1f14873335454500d59611f1cf4a4b0f786f9ac11f4312a78e4cf2566695b"
 
+[[package]]
+name = "jni"
+version = "0.19.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c6df18c2e3db7e453d3c6ac5b3e9d5182664d28788126d39b91f2d1e22b017ec"
+dependencies = [
+ "cesu8",
+ "combine",
+ "jni-sys",
+ "log",
+ "thiserror",
+ "walkdir",
+]
+
+[[package]]
+name = "jni-sys"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8eaf4bc02d17cbdd7ff4c7438cafcdf7fb9a4613313ad11b4f8fefe7d3fa0130"
+
 [[package]]
 name = "jobserver"
 version = "0.1.31"
@@ -2968,10 +3031,21 @@ version = "0.22.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cfdb12a2381ea5b2e68c3469ec604a007b367778cdb14d09612c8069ebd616ad"
 dependencies = [
- "jsonrpsee-client-transport",
- "jsonrpsee-core",
+ "jsonrpsee-client-transport 0.22.5",
+ "jsonrpsee-core 0.22.5",
  "jsonrpsee-http-client",
- "jsonrpsee-types",
+ "jsonrpsee-types 0.22.5",
+]
+
+[[package]]
+name = "jsonrpsee"
+version = "0.23.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "62b089779ad7f80768693755a031cc14a7766aba707cbe886674e3f79e9b7e47"
+dependencies = [
+ "jsonrpsee-core 0.23.2",
+ "jsonrpsee-types 0.23.2",
+ "jsonrpsee-ws-client",
 ]
 
 [[package]]
@@ -2982,11 +3056,11 @@ checksum = "4978087a58c3ab02efc5b07c5e5e2803024536106fd5506f558db172c889b3aa"
 dependencies = [
  "futures-util",
  "http 0.2.12",
- "jsonrpsee-core",
+ "jsonrpsee-core 0.22.5",
  "pin-project",
  "rustls-native-certs 0.7.0",
  "rustls-pki-types",
- "soketto",
+ "soketto 0.7.1",
  "thiserror",
  "tokio",
  "tokio-rustls 0.25.0",
@@ -2995,6 +3069,29 @@ dependencies = [
  "url",
 ]
 
+[[package]]
+name = "jsonrpsee-client-transport"
+version = "0.23.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "08163edd8bcc466c33d79e10f695cdc98c00d1e6ddfb95cec41b6b0279dd5432"
+dependencies = [
+ "base64 0.22.1",
+ "futures-util",
+ "http 1.1.0",
+ "jsonrpsee-core 0.23.2",
+ "pin-project",
+ "rustls 0.23.7",
+ "rustls-pki-types",
+ "rustls-platform-verifier",
+ "soketto 0.8.0",
+ "thiserror",
+ "tokio",
+ "tokio-rustls 0.26.0",
+ "tokio-util",
+ "tracing",
+ "url",
+]
+
 [[package]]
 name = "jsonrpsee-core"
 version = "0.22.5"
@@ -3007,7 +3104,29 @@ dependencies = [
  "futures-timer",
  "futures-util",
  "hyper 0.14.28",
- "jsonrpsee-types",
+ "jsonrpsee-types 0.22.5",
+ "pin-project",
+ "rustc-hash",
+ "serde",
+ "serde_json",
+ "thiserror",
+ "tokio",
+ "tokio-stream",
+ "tracing",
+]
+
+[[package]]
+name = "jsonrpsee-core"
+version = "0.23.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "79712302e737d23ca0daa178e752c9334846b08321d439fd89af9a384f8c830b"
+dependencies = [
+ "anyhow",
+ "async-trait",
+ "beef",
+ "futures-timer",
+ "futures-util",
+ "jsonrpsee-types 0.23.2",
  "pin-project",
  "rustc-hash",
  "serde",
@@ -3027,8 +3146,8 @@ dependencies = [
  "async-trait",
  "hyper 0.14.28",
  "hyper-rustls",
- "jsonrpsee-core",
- "jsonrpsee-types",
+ "jsonrpsee-core 0.22.5",
+ "jsonrpsee-types 0.22.5",
  "serde",
  "serde_json",
  "thiserror",
@@ -3051,6 +3170,32 @@ dependencies = [
  "thiserror",
 ]
 
+[[package]]
+name = "jsonrpsee-types"
+version = "0.23.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d9c465fbe385238e861fdc4d1c85e04ada6c1fd246161d26385c1b311724d2af"
+dependencies = [
+ "beef",
+ "http 1.1.0",
+ "serde",
+ "serde_json",
+ "thiserror",
+]
+
+[[package]]
+name = "jsonrpsee-ws-client"
+version = "0.23.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1c28759775f5cb2f1ea9667672d3fe2b0e701d1f4b7b67954e60afe7fd058b5e"
+dependencies = [
+ "http 1.1.0",
+ "jsonrpsee-client-transport 0.23.2",
+ "jsonrpsee-core 0.23.2",
+ "jsonrpsee-types 0.23.2",
+ "url",
+]
+
 [[package]]
 name = "jsonschema"
 version = "0.18.0"
@@ -3271,9 +3416,9 @@ dependencies = [
 
 [[package]]
 name = "memchr"
-version = "2.7.2"
+version = "2.7.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6c8640c5d730cb13ebd907d8d04b52f55ac9a2eec55b440c8892f40d56c76c1d"
+checksum = "78ca9ab1a0babb1e7d5695e3530886289c18cf2f87ec19a575a0abdce112e3a3"
 
 [[package]]
 name = "memfd"
@@ -3986,9 +4131,9 @@ dependencies = [
 
 [[package]]
 name = "proc-macro2"
-version = "1.0.82"
+version = "1.0.86"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8ad3d49ab951a01fbaafe34f2ec74122942fe18a3f9814c3268f1bb72042131b"
+checksum = "5e719e8df665df0d1c8fbfd238015744736151d4445ec0836b8e628aae103b77"
 dependencies = [
  "unicode-ident",
 ]
@@ -4073,6 +4218,22 @@ dependencies = [
  "getrandom",
 ]
 
+[[package]]
+name = "reconnecting-jsonrpsee-ws-client"
+version = "0.4.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "06fa4f17e09edfc3131636082faaec633c7baa269396b4004040bc6c52f49f65"
+dependencies = [
+ "cfg_aliases 0.2.1",
+ "finito",
+ "futures",
+ "jsonrpsee 0.23.2",
+ "serde_json",
+ "thiserror",
+ "tokio",
+ "tracing",
+]
+
 [[package]]
 name = "redox_syscall"
 version = "0.5.1"
@@ -4347,6 +4508,21 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "rustls"
+version = "0.23.7"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ebbbdb961df0ad3f2652da8f3fdc4b36122f568f968f45ad3316f26c025c677b"
+dependencies = [
+ "log",
+ "once_cell",
+ "ring",
+ "rustls-pki-types",
+ "rustls-webpki 0.102.3",
+ "subtle",
+ "zeroize",
+]
+
 [[package]]
 name = "rustls-native-certs"
 version = "0.6.3"
@@ -4397,6 +4573,33 @@ version = "1.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "976295e77ce332211c0d24d92c0e83e50f5c5f046d11082cea19f3df13a3562d"
 
+[[package]]
+name = "rustls-platform-verifier"
+version = "0.3.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "93bda3f493b9abe5b93b3e7e3ecde0df292f2bd28c0296b90586ee0055ff5123"
+dependencies = [
+ "core-foundation",
+ "core-foundation-sys",
+ "jni",
+ "log",
+ "once_cell",
+ "rustls 0.23.7",
+ "rustls-native-certs 0.7.0",
+ "rustls-platform-verifier-android",
+ "rustls-webpki 0.102.3",
+ "security-framework",
+ "security-framework-sys",
+ "webpki-roots",
+ "winapi",
+]
+
+[[package]]
+name = "rustls-platform-verifier-android"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f87165f0995f63a9fbeea62b64d10b4d9d8e78ec6d7d51fb2125fda7bb36788f"
+
 [[package]]
 name = "rustls-webpki"
 version = "0.101.7"
@@ -4462,9 +4665,9 @@ dependencies = [
 
 [[package]]
 name = "scale-bits"
-version = "0.5.0"
+version = "0.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "662d10dcd57b1c2a3c41c9cf68f71fb09747ada1ea932ad961aca7e2ca28315f"
+checksum = "e57b1e7f6b65ed1f04e79a85a57d755ad56d76fdf1e9bddcc9ae14f71fcdcf54"
 dependencies = [
  "parity-scale-codec",
  "scale-info",
@@ -4488,15 +4691,15 @@ dependencies = [
 
 [[package]]
 name = "scale-decode"
-version = "0.11.1"
+version = "0.13.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "afc79ba56a1c742f5aeeed1f1801f3edf51f7e818f0a54582cac6f131364ea7b"
+checksum = "e98f3262c250d90e700bb802eb704e1f841e03331c2eb815e46516c4edbf5b27"
 dependencies = [
  "derive_more",
  "parity-scale-codec",
  "primitive-types",
- "scale-bits 0.5.0",
- "scale-decode-derive 0.11.1",
+ "scale-bits 0.6.0",
+ "scale-decode-derive 0.13.1",
  "scale-type-resolver",
  "smallvec",
 ]
@@ -4516,9 +4719,9 @@ dependencies = [
 
 [[package]]
 name = "scale-decode-derive"
-version = "0.11.1"
+version = "0.13.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5398fdb3c7bea3cb419bac4983aadacae93fe1a7b5f693f4ebd98c3821aad7a5"
+checksum = "9bb22f574168103cdd3133b19281639ca65ad985e24612728f727339dcaf4021"
 dependencies = [
  "darling 0.14.4",
  "proc-macro2",
@@ -4541,15 +4744,15 @@ dependencies = [
 
 [[package]]
 name = "scale-encode"
-version = "0.6.0"
+version = "0.7.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "628800925a33794fb5387781b883b5e14d130fece9af5a63613867b8de07c5c7"
+checksum = "4ba0b9c48dc0eb20c60b083c29447c0c4617cb7c4a4c9fef72aa5c5bc539e15e"
 dependencies = [
  "derive_more",
  "parity-scale-codec",
  "primitive-types",
- "scale-bits 0.5.0",
- "scale-encode-derive 0.6.0",
+ "scale-bits 0.6.0",
+ "scale-encode-derive 0.7.1",
  "scale-type-resolver",
  "smallvec",
 ]
@@ -4569,9 +4772,9 @@ dependencies = [
 
 [[package]]
 name = "scale-encode-derive"
-version = "0.6.0"
+version = "0.7.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7a304e1af7cdfbe7a24e08b012721456cc8cecdedadc14b3d10513eada63233c"
+checksum = "82ab7e60e2d9c8d47105f44527b26f04418e5e624ffc034f6b4a86c0ba19c5bf"
 dependencies = [
  "darling 0.14.4",
  "proc-macro-crate 1.3.1",
@@ -4609,9 +4812,9 @@ dependencies = [
 
 [[package]]
 name = "scale-type-resolver"
-version = "0.1.1"
+version = "0.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "10b800069bfd43374e0f96f653e0d46882a2cb16d6d961ac43bea80f26c76843"
+checksum = "f0cded6518aa0bd6c1be2b88ac81bf7044992f0f154bfbabd5ad34f43512abcb"
 dependencies = [
  "scale-info",
  "smallvec",
@@ -4619,9 +4822,9 @@ dependencies = [
 
 [[package]]
 name = "scale-typegen"
-version = "0.2.1"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d470fa75e71b12b3244a4113adc4bc49891f3daba2054703cacd06256066397e"
+checksum = "498d1aecf2ea61325d4511787c115791639c0fd21ef4f8e11e49dd09eff2bbac"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -4632,9 +4835,9 @@ dependencies = [
 
 [[package]]
 name = "scale-value"
-version = "0.14.1"
+version = "0.16.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c07ccfee963104335c971aaf8b7b0e749be8569116322df23f1f75c4ca9e4a28"
+checksum = "5ab68da501822d2769c4c5823535f6104a6d4cd15f0d3eba3e647e725294ae22"
 dependencies = [
  "base58",
  "blake2",
@@ -4642,9 +4845,9 @@ dependencies = [
  "either",
  "frame-metadata 15.1.0",
  "parity-scale-codec",
- "scale-bits 0.5.0",
- "scale-decode 0.11.1",
- "scale-encode 0.6.0",
+ "scale-bits 0.6.0",
+ "scale-decode 0.13.1",
+ "scale-encode 0.7.1",
  "scale-info",
  "scale-type-resolver",
  "serde",
@@ -4794,6 +4997,7 @@ dependencies = [
  "core-foundation",
  "core-foundation-sys",
  "libc",
+ "num-bigint",
  "security-framework-sys",
 ]
 
@@ -4818,9 +5022,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.202"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "226b61a0d411b2ba5ff6d7f73a476ac4f8bb900373459cd00fab8512828ba395"
+checksum = "bc76f558e0cbb2a839d37354c575f1dc3fdc6546b5be373ba43d95f231bf7c12"
 dependencies = [
  "serde_derive",
 ]
@@ -4836,9 +5040,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.202"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6048858004bcff69094cd972ed40a32500f153bd3be9f716b2eed2e8217c4838"
+checksum = "e0cd7e117be63d3c3678776753929474f3b04a43a080c744d6b0ae2a8c28e222"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -4939,6 +5143,17 @@ dependencies = [
  "opaque-debug",
 ]
 
+[[package]]
+name = "sha1"
+version = "0.10.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e3bf829a2d51ab4a5ddf1352d8470c140cadc8301b2ae1789db023f01cedd6ba"
+dependencies = [
+ "cfg-if",
+ "cpufeatures",
+ "digest 0.10.7",
+]
+
 [[package]]
 name = "sha2"
 version = "0.9.9"
@@ -5130,7 +5345,7 @@ dependencies = [
  "siphasher",
  "slab",
  "smallvec",
- "soketto",
+ "soketto 0.7.1",
  "twox-hash",
  "wasmi",
  "x25519-dalek",
@@ -5198,6 +5413,21 @@ dependencies = [
  "sha-1",
 ]
 
+[[package]]
+name = "soketto"
+version = "0.8.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "37468c595637c10857701c990f93a40ce0e357cedb0953d1c26c8d8027f9bb53"
+dependencies = [
+ "base64 0.22.1",
+ "bytes",
+ "futures",
+ "httparse",
+ "log",
+ "rand",
+ "sha1",
+]
+
 [[package]]
 name = "sp-application-crypto"
 version = "33.0.0"
@@ -5667,33 +5897,31 @@ checksum = "81cdd64d312baedb58e21336b31bc043b77e01cc99033ce76ef539f78e965ebc"
 
 [[package]]
 name = "subxt"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bd68bef23f4de5e513ab4c29af69053e232b098f9c87ab552d7ea153b4a1fbc5"
+checksum = "a160cba1edbf3ec4fbbeaea3f1a185f70448116a6bccc8276bb39adb3b3053bd"
 dependencies = [
  "async-trait",
- "base58",
- "blake2",
- "derivative",
+ "derive-where",
  "either",
  "frame-metadata 16.0.0",
  "futures",
  "hex",
  "impl-serde",
  "instant",
- "jsonrpsee",
+ "jsonrpsee 0.22.5",
  "parity-scale-codec",
  "primitive-types",
- "scale-bits 0.5.0",
- "scale-decode 0.11.1",
- "scale-encode 0.6.0",
+ "reconnecting-jsonrpsee-ws-client",
+ "scale-bits 0.6.0",
+ "scale-decode 0.13.1",
+ "scale-encode 0.7.1",
  "scale-info",
  "scale-value",
  "serde",
  "serde_json",
- "sp-core",
  "sp-crypto-hashing",
- "sp-runtime",
+ "subxt-core",
  "subxt-lightclient",
  "subxt-macro",
  "subxt-metadata",
@@ -5705,14 +5933,14 @@ dependencies = [
 
 [[package]]
 name = "subxt-codegen"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d9e2b256b71d31a2629e44eb9cbfd944eb7d577c9e0c8e9802cc3c3943af2d9"
+checksum = "d703dca0905cc5272d7cc27a4ac5f37dcaae7671acc7fef0200057cc8c317786"
 dependencies = [
  "frame-metadata 16.0.0",
- "heck 0.4.1",
+ "heck 0.5.0",
  "hex",
- "jsonrpsee",
+ "jsonrpsee 0.22.5",
  "parity-scale-codec",
  "proc-macro2",
  "quote",
@@ -5724,11 +5952,40 @@ dependencies = [
  "tokio",
 ]
 
+[[package]]
+name = "subxt-core"
+version = "0.37.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "59f41eb2e2eea6ed45649508cc735f92c27f1fcfb15229e75f8270ea73177345"
+dependencies = [
+ "base58",
+ "blake2",
+ "derive-where",
+ "frame-metadata 16.0.0",
+ "hashbrown 0.14.5",
+ "hex",
+ "impl-serde",
+ "parity-scale-codec",
+ "primitive-types",
+ "scale-bits 0.6.0",
+ "scale-decode 0.13.1",
+ "scale-encode 0.7.1",
+ "scale-info",
+ "scale-value",
+ "serde",
+ "serde_json",
+ "sp-core",
+ "sp-crypto-hashing",
+ "sp-runtime",
+ "subxt-metadata",
+ "tracing",
+]
+
 [[package]]
 name = "subxt-lightclient"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1d51f1ac12e3be7aafea4d037730a57da4f22f2e9c73955666081ffa2697c6f1"
+checksum = "9d9406fbdb9548c110803cb8afa750f8b911d51eefdf95474b11319591d225d9"
 dependencies = [
  "futures",
  "futures-util",
@@ -5743,9 +6000,9 @@ dependencies = [
 
 [[package]]
 name = "subxt-macro"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "98dc84d7e6a0abd7ed407cce0bf60d7d58004f699460cffb979640717d1ab506"
+checksum = "1c195f803d70687e409aba9be6c87115b5da8952cd83c4d13f2e043239818fcd"
 dependencies = [
  "darling 0.20.8",
  "parity-scale-codec",
@@ -5758,11 +6015,10 @@ dependencies = [
 
 [[package]]
 name = "subxt-metadata"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cc10c54028d079a9f1be65188707cd29e5ffd8d0031a2b1346a0941d57b7ab7e"
+checksum = "738be5890fdeff899bbffff4d9c0f244fe2a952fb861301b937e3aa40ebb55da"
 dependencies = [
- "derive_more",
  "frame-metadata 16.0.0",
  "hashbrown 0.14.5",
  "parity-scale-codec",
@@ -5772,13 +6028,12 @@ dependencies = [
 
 [[package]]
 name = "subxt-signer"
-version = "0.35.3"
+version = "0.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6ccb59a38fe357fab55247756174435e8626b93929864e8a498635a15e779df8"
+checksum = "f49888ae6ae90fe01b471193528eea5bd4ed52d8eecd2d13f4a2333b87388850"
 dependencies = [
  "bip39",
  "cfg-if",
- "derive_more",
  "hex",
  "hmac 0.12.1",
  "parity-scale-codec",
@@ -5789,7 +6044,7 @@ dependencies = [
  "secrecy",
  "sha2 0.10.8",
  "sp-crypto-hashing",
- "subxt",
+ "subxt-core",
  "zeroize",
 ]
 
@@ -5895,18 +6150,18 @@ checksum = "3369f5ac52d5eb6ab48c6b4ffdc8efbcad6b89c765749064ba298f2c68a16a76"
 
 [[package]]
 name = "thiserror"
-version = "1.0.60"
+version = "1.0.63"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "579e9083ca58dd9dcf91a9923bb9054071b9ebbd800b342194c9feb0ee89fc18"
+checksum = "c0342370b38b6a11b6cc11d6a805569958d54cfa061a29969c3b5ce2ea405724"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.60"
+version = "1.0.63"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e2470041c06ec3ac1ab38d0356a6119054dedaea53e12fbefc0de730a1c08524"
+checksum = "a4558b58466b9ad7ca0f102865eccc95938dca1a74a856f2b57b6629050da261"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -6018,6 +6273,17 @@ dependencies = [
  "tokio",
 ]
 
+[[package]]
+name = "tokio-rustls"
+version = "0.26.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0c7bc40d0e5a97695bb96e27995cd3a08538541b0a846f65bba7a359f36700d4"
+dependencies = [
+ "rustls 0.23.7",
+ "rustls-pki-types",
+ "tokio",
+]
+
 [[package]]
 name = "tokio-stream"
 version = "0.1.15"
@@ -6809,6 +7075,15 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "webpki-roots"
+version = "0.26.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bd7c23921eeb1713a4e851530e9b9756e4fb0e89978582942612524cf09f01cd"
+dependencies = [
+ "rustls-pki-types",
+]
+
 [[package]]
 name = "which"
 version = "6.0.1"
@@ -7181,14 +7456,15 @@ dependencies = [
 
 [[package]]
 name = "zip"
-version = "1.2.3"
+version = "2.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c700ea425e148de30c29c580c1f9508b93ca57ad31c9f4e96b83c194c37a7a8f"
+checksum = "dc5e4288ea4057ae23afc69a4472434a87a2495cafce6632fd1c4ec9f5cf3494"
 dependencies = [
  "arbitrary",
  "crc32fast",
  "crossbeam-utils",
  "displaydoc",
  "indexmap 2.2.6",
+ "memchr",
  "thiserror",
 ]
diff --git a/README.md b/README.md
index 498dd9cae..ecd28ab8c 100644
--- a/README.md
+++ b/README.md
@@ -176,6 +176,9 @@ Fetch and display the storage of a contract on chain.
 Invoke an RPC call to the node. See [rpc](docs/rpc.md).
 
 
+## Compatibility
+Metadata Version: This project only supports metadata versions starting from `V14` and onwards.
+
 ## Publishing
 
 In order to publish a new version of `cargo-contract`:
diff --git a/crates/build/Cargo.toml b/crates/build/Cargo.toml
index 414bab48f..b496e3de0 100644
--- a/crates/build/Cargo.toml
+++ b/crates/build/Cargo.toml
@@ -25,7 +25,9 @@ heck = "0.5.0"
 hex = "0.4.3"
 impl-serde = "0.4.0"
 rustc_version = "0.4.0"
-scale = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
+scale = { package = "parity-scale-codec", version = "3.0.0", features = [
+    "derive",
+] }
 toml = "0.8.13"
 tracing = "0.1.40"
 wasm-encoder = { version = "0.207.0", features = ["wasmparser"] }
@@ -38,7 +40,7 @@ term_size = "0.3.2"
 url = { version = "2.5.0", features = ["serde"] }
 wasm-opt = { version = "=0.116.1", default-features = false }
 which = "6.0.1"
-zip = { version = "1.2.3", default-features = false }
+zip = { version = "2.2.0", default-features = false }
 strum = { version = "0.26", features = ["derive"] }
 tokio = { version = "1", features = ["macros", "rt-multi-thread"] }
 tokio-stream = "0.1"
@@ -53,7 +55,7 @@ uzers = "0.12"
 [build-dependencies]
 anyhow = "1.0.83"
 walkdir = "2.5.0"
-zip = { version = "1.2.3", default-features = false }
+zip = { version = "2.2.0", default-features = false }
 
 [dev-dependencies]
 pretty_assertions = "1.4.0"
diff --git a/crates/build/src/docker.rs b/crates/build/src/docker.rs
index 95219d669..84bc9bf31 100644
--- a/crates/build/src/docker.rs
+++ b/crates/build/src/docker.rs
@@ -26,12 +26,11 @@
 //! The process of the build is following:
 //! 1. Pull the image from the registry or use the local copy if available
 //! 2. Parse other arguments that were passed to the host execution context
-//! 3. Calculate the digest of the command and use it
-//! to uniquely identify the container
+//! 3. Calculate the digest of the command and use it to uniquely identify the container
 //! 4. If the container exists, we just start the build, if not, we create it
-//! 5. After the build, the docker container produces metadata with
-//! paths relative to its internal storage structure, we parse the file
-//! and overwrite those paths relative to the host machine.
+//! 5. After the build, the docker container produces metadata with paths relative to its
+//!    internal storage structure, we parse the file and overwrite those paths relative to
+//!    the host machine.
 
 use std::{
     cmp::Ordering,
diff --git a/crates/build/src/lib.rs b/crates/build/src/lib.rs
index 6048f0248..24570ee19 100644
--- a/crates/build/src/lib.rs
+++ b/crates/build/src/lib.rs
@@ -727,13 +727,9 @@ pub fn execute(args: ExecuteArgs) -> Result<BuildResult> {
         Some(opt_passes) => *opt_passes,
         None => {
             let mut manifest = Manifest::new(manifest_path.clone())?;
-
-            match manifest.profile_optimization_passes() {
-                // if no setting is found, neither on the cli nor in the profile,
-                // then we use the default
-                None => OptimizationPasses::default(),
-                Some(opt_passes) => opt_passes,
-            }
+            // if no setting is found, neither on the cli nor in the profile,
+            // then we use the default
+            manifest.profile_optimization_passes().unwrap_or_default()
         }
     };
 
diff --git a/crates/cargo-contract/Cargo.toml b/crates/cargo-contract/Cargo.toml
index ba52b0f21..5b3ef94ed 100644
--- a/crates/cargo-contract/Cargo.toml
+++ b/crates/cargo-contract/Cargo.toml
@@ -43,7 +43,7 @@ comfy-table = "7.1.1"
 
 # dependencies for extrinsics (deploying and calling a contract)
 tokio = { version = "1", features = ["macros", "rt-multi-thread"] }
-subxt = { version = "0.35.3", features = ["substrate-compat"] }
+subxt = { version = "0.37.0", features = ["substrate-compat"] }
 sp-core = "31.0.0"
 sp-weights = "30.0.0"
 hex = "0.4.3"
diff --git a/crates/extrinsics/Cargo.toml b/crates/extrinsics/Cargo.toml
index f7f0154fd..da5910acc 100644
--- a/crates/extrinsics/Cargo.toml
+++ b/crates/extrinsics/Cargo.toml
@@ -36,7 +36,7 @@ sp-runtime = "34.0.0"
 sp-weights = "30.0.0"
 pallet-contracts-uapi = { package = "pallet-contracts-uapi-next", version = "=6.0.3", features = ["scale"] }
 scale-info = "2.11.3"
-subxt = "0.35.3"
+subxt = "0.37.0"
 hex = "0.4.3"
 derivative = "2.2.0"
 ink_metadata = "5.0.0"
@@ -49,7 +49,7 @@ regex = "1.10.4"
 predicates = "3.1.0"
 tempfile = "3.10.1"
 tracing-subscriber = { version = "0.3.18", features = ["env-filter"] }
-subxt-signer = { version = "0.35.3", features = ["subxt", "sr25519"] }
+subxt-signer = { version = "0.37.0", features = ["subxt", "sr25519"] }
 
 [features]
 integration-tests = []
diff --git a/crates/extrinsics/src/contract_info.rs b/crates/extrinsics/src/contract_info.rs
index b8aa2f9ea..f5717f576 100644
--- a/crates/extrinsics/src/contract_info.rs
+++ b/crates/extrinsics/src/contract_info.rs
@@ -406,74 +406,6 @@ mod tests {
             .ok_or(anyhow!("Type not found"))
     }
 
-    #[test]
-    fn contract_info_v11_decode_works() {
-        // This version of metadata includes the deposit_account field in ContractInfo
-        #[subxt::subxt(runtime_metadata_path = "src/test_runtime_api/metadata_v11.scale")]
-        mod api_v11 {}
-
-        use api_v11::runtime_types::{
-            bounded_collections::bounded_vec::BoundedVec,
-            pallet_contracts::storage::{
-                ContractInfo as ContractInfoV11,
-                DepositAccount,
-            },
-        };
-
-        let metadata_bytes = std::fs::read("src/test_runtime_api/metadata_v11.scale")
-            .expect("the metadata must be present");
-        let metadata =
-            Metadata::decode(&mut &*metadata_bytes).expect("the metadata must decode");
-        let contract_info_type_id = get_metadata_type_index(
-            "ContractInfo",
-            "pallet_contracts::storage",
-            &metadata,
-        )
-        .expect("the contract info type must be present in the metadata");
-
-        let contract_info_v11 = ContractInfoV11 {
-            trie_id: BoundedVec(vec![]),
-            deposit_account: DepositAccount(AccountId32([7u8; 32])),
-            code_hash: Default::default(),
-            storage_bytes: 1,
-            storage_items: 1,
-            storage_byte_deposit: 1,
-            storage_item_deposit: 1,
-            storage_base_deposit: 1,
-        };
-
-        let contract_info_thunk = DecodedValueThunk::decode_with_metadata(
-            &mut &*contract_info_v11.encode(),
-            contract_info_type_id as u32,
-            &metadata.into(),
-        )
-        .expect("the contract info must be decoded");
-
-        let contract = AccountId32([0u8; 32]);
-        let contract_info_raw =
-            ContractInfoRaw::<DefaultConfig, DefaultEnvironment>::new(
-                contract,
-                contract_info_thunk,
-            )
-            .expect("the conatract info raw must be created");
-        let account_data = AccountData {
-            free: 1,
-            reserved: 10,
-        };
-
-        let contract_info = contract_info_raw.into_contract_info(account_data.clone());
-        assert_eq!(
-            contract_info,
-            ContractInfo {
-                trie_id: contract_info_v11.trie_id.0.into(),
-                code_hash: contract_info_v11.code_hash,
-                storage_items: contract_info_v11.storage_items,
-                storage_items_deposit: contract_info_v11.storage_item_deposit,
-                storage_total_deposit: account_data.free,
-            }
-        );
-    }
-
     #[test]
     fn contract_info_v15_decode_works() {
         // This version of metadata does not include the deposit_account field in
diff --git a/crates/extrinsics/src/events.rs b/crates/extrinsics/src/events.rs
index 447fe5f75..48f0fb24f 100644
--- a/crates/extrinsics/src/events.rs
+++ b/crates/extrinsics/src/events.rs
@@ -184,12 +184,14 @@ pub struct Event {
 
 /// Events produced from invoking a contract extrinsic.
 #[derive(serde::Serialize)]
+#[allow(dead_code)]
 pub struct Events(Vec<Event>);
 
 /// Displays events produced from invoking a contract extrinsic.
 #[derive(serde::Serialize)]
 pub struct DisplayEvents(Vec<Event>);
 
+#[allow(clippy::needless_borrows_for_generic_args)]
 impl DisplayEvents {
     /// Parses events and returns an object which can be serialised
     pub fn from_events<C: Config, E: Environment>(
@@ -331,6 +333,7 @@ impl DisplayEvents {
 
 /// Construct the contract event data field, attempting to decode the event using the
 /// [`ContractMessageTranscoder`] if available.
+#[allow(clippy::needless_borrows_for_generic_args)]
 fn contract_event_data_field<C: Config>(
     transcoder: Option<&ContractMessageTranscoder>,
     field_metadata: &scale_info::Field<PortableForm>,
diff --git a/crates/extrinsics/src/extrinsic_calls.rs b/crates/extrinsics/src/extrinsic_calls.rs
index 97c63433a..d30a8beef 100644
--- a/crates/extrinsics/src/extrinsic_calls.rs
+++ b/crates/extrinsics/src/extrinsic_calls.rs
@@ -69,8 +69,8 @@ impl<Hash> RemoveCode<Hash> {
         Self { code_hash }
     }
 
-    pub fn build(self) -> subxt::tx::Payload<Self> {
-        subxt::tx::Payload::new("Contracts", "remove_code", self)
+    pub fn build(self) -> subxt::tx::DefaultPayload<Self> {
+        subxt::tx::DefaultPayload::new("Contracts", "remove_code", self)
     }
 }
 
@@ -96,8 +96,8 @@ impl<Balance> UploadCode<Balance> {
         }
     }
 
-    pub fn build(self) -> subxt::tx::Payload<Self> {
-        subxt::tx::Payload::new("Contracts", "upload_code", self)
+    pub fn build(self) -> subxt::tx::DefaultPayload<Self> {
+        subxt::tx::DefaultPayload::new("Contracts", "upload_code", self)
     }
 }
 
@@ -133,8 +133,8 @@ impl<Balance> InstantiateWithCode<Balance> {
         }
     }
 
-    pub fn build(self) -> subxt::tx::Payload<Self> {
-        subxt::tx::Payload::new("Contracts", "instantiate_with_code", self)
+    pub fn build(self) -> subxt::tx::DefaultPayload<Self> {
+        subxt::tx::DefaultPayload::new("Contracts", "instantiate_with_code", self)
     }
 }
 
@@ -176,8 +176,8 @@ where
         }
     }
 
-    pub fn build(self) -> subxt::tx::Payload<Self> {
-        subxt::tx::Payload::new("Contracts", "instantiate", self)
+    pub fn build(self) -> subxt::tx::DefaultPayload<Self> {
+        subxt::tx::DefaultPayload::new("Contracts", "instantiate", self)
     }
 }
 
@@ -210,7 +210,7 @@ impl<AccountId, Balance> Call<AccountId, Balance> {
         }
     }
 
-    pub fn build(self) -> subxt::tx::Payload<Self> {
-        subxt::tx::Payload::new("Contracts", "call", self)
+    pub fn build(self) -> subxt::tx::DefaultPayload<Self> {
+        subxt::tx::DefaultPayload::new("Contracts", "call", self)
     }
 }
diff --git a/crates/extrinsics/src/lib.rs b/crates/extrinsics/src/lib.rs
index cd0610953..1bcf41f6b 100644
--- a/crates/extrinsics/src/lib.rs
+++ b/crates/extrinsics/src/lib.rs
@@ -148,7 +148,7 @@ async fn submit_extrinsic<C, Call, Signer>(
 ) -> core::result::Result<blocks::ExtrinsicEvents<C>, subxt::Error>
 where
     C: Config,
-    Call: tx::TxPayload,
+    Call: tx::Payload,
     Signer: tx::Signer<C>,
     <C::ExtrinsicParams as ExtrinsicParams<C>>::Params:
         From<<DefaultExtrinsicParams<C> as ExtrinsicParams<C>>::Params>,
diff --git a/crates/extrinsics/src/test_runtime_api/metadata_v11.scale b/crates/extrinsics/src/test_runtime_api/metadata_v11.scale
deleted file mode 100644
index d61d093ba..000000000
Binary files a/crates/extrinsics/src/test_runtime_api/metadata_v11.scale and /dev/null differ
diff --git a/crates/extrinsics/src/test_runtime_api/metadata_v15.scale b/crates/extrinsics/src/test_runtime_api/metadata_v15.scale
index e8d100211..1be9128de 100644
Binary files a/crates/extrinsics/src/test_runtime_api/metadata_v15.scale and b/crates/extrinsics/src/test_runtime_api/metadata_v15.scale differ
diff --git a/crates/transcode/src/lib.rs b/crates/transcode/src/lib.rs
index 90710b7e1..fa7ab7083 100644
--- a/crates/transcode/src/lib.rs
+++ b/crates/transcode/src/lib.rs
@@ -513,7 +513,7 @@ mod tests {
 
     use crate::scon::Hex;
 
-    #[allow(clippy::extra_unused_lifetimes)]
+    #[allow(clippy::extra_unused_lifetimes, unexpected_cfgs, non_local_definitions)]
     #[ink::contract]
     pub mod transcode {
         #[ink(storage)]
diff --git a/crates/transcode/src/transcoder.rs b/crates/transcode/src/transcoder.rs
index 87a8f8c9f..d14e0304c 100644
--- a/crates/transcode/src/transcoder.rs
+++ b/crates/transcode/src/transcoder.rs
@@ -275,31 +275,28 @@ mod tests {
 
     #[test]
     fn transcode_integers() -> Result<()> {
-        transcode_roundtrip::<i8>("-128", Value::Int(i8::min_value().into()))?;
-        transcode_roundtrip::<i8>("127", Value::Int(i8::max_value().into()))?;
+        transcode_roundtrip::<i8>("-128", Value::Int(i8::MIN.into()))?;
+        transcode_roundtrip::<i8>("127", Value::Int(i8::MAX.into()))?;
 
-        transcode_roundtrip::<i16>("-32768", Value::Int(i16::min_value().into()))?;
-        transcode_roundtrip::<i16>("32767", Value::Int(i16::max_value().into()))?;
+        transcode_roundtrip::<i16>("-32768", Value::Int(i16::MIN.into()))?;
+        transcode_roundtrip::<i16>("32767", Value::Int(i16::MAX.into()))?;
 
-        transcode_roundtrip::<i32>("-2147483648", Value::Int(i32::min_value().into()))?;
-        transcode_roundtrip::<i32>("2147483647", Value::Int(i32::max_value().into()))?;
+        transcode_roundtrip::<i32>("-2147483648", Value::Int(i32::MIN.into()))?;
+        transcode_roundtrip::<i32>("2147483647", Value::Int(i32::MAX.into()))?;
 
-        transcode_roundtrip::<i64>(
-            "-9223372036854775808",
-            Value::Int(i64::min_value().into()),
-        )?;
+        transcode_roundtrip::<i64>("-9223372036854775808", Value::Int(i64::MIN.into()))?;
         transcode_roundtrip::<i64>(
             "\"9_223_372_036_854_775_807\"",
-            Value::Int(i64::max_value().into()),
+            Value::Int(i64::MAX.into()),
         )?;
 
         transcode_roundtrip::<i128>(
             "-170141183460469231731687303715884105728",
-            Value::Int(i128::min_value()),
+            Value::Int(i128::MIN),
         )?;
         transcode_roundtrip::<i128>(
             "\"170141183460469231731687303715884105727\"",
-            Value::Int(i128::max_value()),
+            Value::Int(i128::MAX),
         )
     }