diff --git a/.circleci/config.yml b/.circleci/config.yml
index ec1a0648b5..412ff78669 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -90,7 +90,7 @@ workflows:
           matrix:
             parameters:
               # Run with MSRV and some modern stable Rust
-              rust-version: ["1.73.0", "1.77.0"]
+              rust-version: ["1.74.0", "1.77.0"]
       - benchmarking:
           requires:
             - package_vm
@@ -136,7 +136,7 @@ jobs:
           command: |
             wget https://static.rust-lang.org/rustup/dist/aarch64-unknown-linux-gnu/rustup-init
             chmod +x rustup-init
-            ./rustup-init -y --default-toolchain 1.73 --profile minimal
+            ./rustup-init -y --default-toolchain 1.74 --profile minimal
       - run:
           name: Version information
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
@@ -145,12 +145,12 @@ jobs:
           command: rustup target add wasm32-unknown-unknown && rustup target list --installed
       - restore_cache:
           keys:
-            - v4-arm64-workspace-rust:1.73-{{ checksum "Cargo.lock" }}
-            - v4-arm64-workspace-rust:1.73-
+            - v4-arm64-workspace-rust:1.74-{{ checksum "Cargo.lock" }}
+            - v4-arm64-workspace-rust:1.74-
       - restore_cache:
           keys:
-            - v4-arm64-contracts-rust:1.73-{{ checksum "contracts/crypto-verify/Cargo.lock" }}-{{ checksum "contracts/hackatom/Cargo.lock" }}-{{ checksum "contracts/queue/Cargo.lock" }}-{{ checksum "contracts/reflect/Cargo.lock" }}-{{ checksum "contracts/staking/Cargo.lock" }}
-            - v4-arm64-contracts-rust:1.73-
+            - v4-arm64-contracts-rust:1.74-{{ checksum "contracts/crypto-verify/Cargo.lock" }}-{{ checksum "contracts/hackatom/Cargo.lock" }}-{{ checksum "contracts/queue/Cargo.lock" }}-{{ checksum "contracts/reflect/Cargo.lock" }}-{{ checksum "contracts/staking/Cargo.lock" }}
+            - v4-arm64-contracts-rust:1.74-
       # Test a few contracts that do something potentially interesting in the VM
       # to test contract execution on ARM64.
       # No need to add all contracts here.
@@ -192,14 +192,14 @@ jobs:
           # use all features
           command: cargo test --locked --features iterator,staking,stargate
       - save_cache:
-          key: v4-arm64-workspace-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: v4-arm64-workspace-rust:1.74-{{ checksum "Cargo.lock" }}
           paths:
             - ~/.cargo/registry
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
       - save_cache:
-          key: v4-arm64-contracts-rust:1.73-{{ checksum "contracts/crypto-verify/Cargo.lock" }}-{{ checksum "contracts/hackatom/Cargo.lock" }}-{{ checksum "contracts/queue/Cargo.lock" }}-{{ checksum "contracts/reflect/Cargo.lock" }}-{{ checksum "contracts/staking/Cargo.lock" }}
+          key: v4-arm64-contracts-rust:1.74-{{ checksum "contracts/crypto-verify/Cargo.lock" }}-{{ checksum "contracts/hackatom/Cargo.lock" }}-{{ checksum "contracts/queue/Cargo.lock" }}-{{ checksum "contracts/reflect/Cargo.lock" }}-{{ checksum "contracts/staking/Cargo.lock" }}
           paths:
             - ~/.cargo/registry
             # crypto-verify
@@ -240,7 +240,7 @@ jobs:
 
   package_crypto:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -248,7 +248,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_crypto-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_crypto-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Build (no features)
           working_directory: ~/project/packages/crypto
@@ -267,11 +267,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_crypto-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_crypto-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_check:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -279,7 +279,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_check-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_check-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Build
           working_directory: ~/project/packages/check
@@ -294,11 +294,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_check-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_check-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_core:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       # Limit the number of parallel jobs to avoid OOM crashes during doc testing
       RUST_TEST_THREADS: 8
@@ -309,7 +309,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_core-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_core-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Add thumbv7em-none-eabi target
           command: rustup target add thumbv7em-none-eabi && rustup target list --installed
@@ -350,11 +350,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_core-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_core-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_schema:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -362,7 +362,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_schema-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_schema-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Build
           working_directory: ~/project/packages/schema
@@ -377,11 +377,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_schema-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_schema-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_schema_derive:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -389,7 +389,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_schema_derive-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_schema_derive-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Build
           working_directory: ~/project/packages/schema-derive
@@ -404,11 +404,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_schema_derive-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_schema_derive-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_std:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       # Limit the number of parallel jobs to avoid OOM crashes during doc testing
       RUST_TEST_THREADS: 8
@@ -419,7 +419,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_std-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_std-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Add wasm32 target
           command: rustup target add wasm32-unknown-unknown && rustup target list --installed
@@ -453,11 +453,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_std-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_std-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_vm:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -465,7 +465,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-package_vm-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-package_vm-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Build
           working_directory: ~/project/packages/vm
@@ -494,7 +494,7 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-package_vm-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-package_vm-rust:1.74-{{ checksum "Cargo.lock" }}
 
   package_vm_windows:
     executor:
@@ -513,7 +513,7 @@ jobs:
           command: |
             set -o errexit
             curl -sS --output rustup-init.exe https://static.rust-lang.org/rustup/dist/x86_64-pc-windows-msvc/rustup-init.exe
-            ./rustup-init.exe --default-toolchain 1.73 -y
+            ./rustup-init.exe --default-toolchain 1.74 -y
             echo 'export PATH="$PATH;$USERPROFILE/.cargo/bin"' >> "$BASH_ENV"
       - run:
           name: Version information
@@ -522,7 +522,7 @@ jobs:
             rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cachev3-package_vm_windows-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cachev3-package_vm_windows-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Test
           working_directory: ~/project/packages/vm
@@ -538,11 +538,11 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cachev3-package_vm_windows-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cachev3-package_vm_windows-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_burner:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/burner
@@ -554,7 +554,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_burner-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_burner-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -566,11 +566,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_burner-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_burner-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_crypto_verify:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/crypto-verify
@@ -582,7 +582,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_crypto_verify-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_crypto_verify-rust:1.74-{{ checksum "Cargo.lock" }}
       # TODO: Enable this once 2.1 has been released to crates.io
       - check_contract:
           min_version: "2.1"
@@ -596,11 +596,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_crypto_verify-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_crypto_verify-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_cyberpunk:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/cyberpunk
@@ -612,7 +612,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_cyberpunk-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_cyberpunk-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.3"
       - save_cache:
@@ -624,11 +624,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_cyberpunk-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_cyberpunk-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_hackatom:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/hackatom
@@ -640,7 +640,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_hackatom-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_hackatom-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -652,11 +652,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_hackatom-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_hackatom-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_ibc_callbacks:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/ibc-callbacks
@@ -668,7 +668,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_ibc_callbacks-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_ibc_callbacks-rust:1.74-{{ checksum "Cargo.lock" }}
       # TODO: Enable this once 2.1 has been released to crates.io
       - check_contract:
           min_version: "2.1"
@@ -682,11 +682,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_ibc_callbacks-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_ibc_callbacks-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_ibc_reflect:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/ibc-reflect
@@ -698,7 +698,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_ibc_reflect-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_ibc_reflect-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "2.0"
       - save_cache:
@@ -710,11 +710,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_ibc_reflect-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_ibc_reflect-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_ibc_reflect_send:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/ibc-reflect-send
@@ -726,7 +726,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_ibc_reflect_send-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_ibc_reflect_send-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -738,11 +738,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_ibc_reflect_send-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_ibc_reflect_send-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_floaty:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/floaty
@@ -754,7 +754,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_floaty-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_floaty-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -766,11 +766,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_floaty-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_floaty-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_queue:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/queue
@@ -782,7 +782,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_queue-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_queue-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -794,11 +794,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_queue-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_queue-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_reflect:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/reflect
@@ -810,7 +810,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_reflect-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_reflect-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "2.0"
       - save_cache:
@@ -822,11 +822,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_reflect-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_reflect-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_staking:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/staking
@@ -838,7 +838,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_staking-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_staking-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -850,11 +850,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_staking-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_staking-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_virus:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/virus
@@ -866,7 +866,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_virus-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_virus-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "1.4"
       - save_cache:
@@ -878,11 +878,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_virus-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_virus-rust:1.74-{{ checksum "Cargo.lock" }}
 
   contract_empty:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     working_directory: ~/cosmwasm/contracts/empty
@@ -894,7 +894,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v2-contract_empty-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-contract_empty-rust:1.74-{{ checksum "Cargo.lock" }}
       - check_contract:
           min_version: "2.0"
       - save_cache:
@@ -906,11 +906,11 @@ jobs:
             - target/wasm32-unknown-unknown/release/.fingerprint
             - target/wasm32-unknown-unknown/release/build
             - target/wasm32-unknown-unknown/release/deps
-          key: cargocache-v2-contract_empty-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-contract_empty-rust:1.74-{{ checksum "Cargo.lock" }}
 
   fmt:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -918,7 +918,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-fmt-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-fmt-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Add rustfmt component
           command: rustup component add rustfmt
@@ -931,7 +931,7 @@ jobs:
             - target/debug/.fingerprint
             - target/debug/build
             - target/debug/deps
-          key: cargocache-v2-fmt-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-fmt-rust:1.74-{{ checksum "Cargo.lock" }}
 
   fmt_extra:
     docker:
@@ -953,7 +953,7 @@ jobs:
 
   deadlinks:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     steps:
       - checkout
       - run:
@@ -961,7 +961,7 @@ jobs:
           command: rustc --version; cargo --version; rustup --version; rustup target list --installed
       - restore_cache:
           keys:
-            - cargocache-v2-deadlinks-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-deadlinks-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Generate docs
           command: cargo doc
@@ -981,7 +981,7 @@ jobs:
             - target/debug/build
             - target/debug/deps
             - /root/.cache/pip
-          key: cargocache-v2-deadlinks-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-deadlinks-rust:1.74-{{ checksum "Cargo.lock" }}
 
   clippy:
     parameters:
@@ -1057,7 +1057,7 @@ jobs:
 
   benchmarking:
     docker:
-      - image: rust:1.73
+      - image: rust:1.74
     environment:
       RUST_BACKTRACE: 1
     steps:
@@ -1067,7 +1067,7 @@ jobs:
           command: rustc --version && cargo --version
       - restore_cache:
           keys:
-            - cargocache-v2-benchmarking-rust:1.73-{{ checksum "Cargo.lock" }}
+            - cargocache-v2-benchmarking-rust:1.74-{{ checksum "Cargo.lock" }}
       - run:
           name: Run vm benchmarks (Singlepass)
           working_directory: ~/project/packages/vm
@@ -1085,11 +1085,11 @@ jobs:
             - target/release/.fingerprint
             - target/release/build
             - target/release/deps
-          key: cargocache-v2-benchmarking-rust:1.73-{{ checksum "Cargo.lock" }}
+          key: cargocache-v2-benchmarking-rust:1.74-{{ checksum "Cargo.lock" }}
 
   coverage:
     docker:
-      - image: rust:1.73.0
+      - image: rust:1.74.0
     resource_class: medium+
     steps:
       - checkout
@@ -1169,7 +1169,7 @@ jobs:
           name: Check development contracts
           command: |
             echo "Checking all contracts under ./artifacts"
-            docker run --volumes-from with_code rust:1.73 \
+            docker run --volumes-from with_code rust:1.74 \
               /bin/bash -e -c 'cd ./code; cargo run --bin cosmwasm-check artifacts/*.wasm'
       - run:
           name: Export development contracts
diff --git a/.github/workflows/contract.yml b/.github/workflows/contract.yml
index 5fb44aeff5..a8d5bb5b83 100644
--- a/.github/workflows/contract.yml
+++ b/.github/workflows/contract.yml
@@ -33,7 +33,7 @@ jobs:
       - name: Install Rust
         uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
           targets: wasm32-unknown-unknown
       - name: Build hackatom wasm
         run: cargo wasm --locked
diff --git a/.github/workflows/workspace.yml b/.github/workflows/workspace.yml
index 448317bca6..70f505e4de 100644
--- a/.github/workflows/workspace.yml
+++ b/.github/workflows/workspace.yml
@@ -18,7 +18,7 @@ jobs:
       - name: Install Rust
         uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
           targets: wasm32-unknown-unknown
           components: clippy, rustfmt
       - name: Check workspace
@@ -33,7 +33,7 @@ jobs:
       - name: Install Rust
         uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
           components: rustfmt
       - name: Test workspace
         run: ./devtools/test_workspace.sh