diff --git a/Cargo.lock b/Cargo.lock
index c7a5775b18f..e1bc8bc7a0e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3554,7 +3554,7 @@ dependencies = [
  "futures",
  "hyper",
  "libp2p",
- "opentelemetry",
+ "opentelemetry 0.20.0",
  "opentelemetry-otlp",
  "opentelemetry_api",
  "prometheus-client",
@@ -3939,22 +3939,38 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9591d937bc0e6d2feb6f71a559540ab300ea49955229c347a517a28d27784c54"
 dependencies = [
  "opentelemetry_api",
- "opentelemetry_sdk",
+ "opentelemetry_sdk 0.20.0",
+]
+
+[[package]]
+name = "opentelemetry"
+version = "0.21.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1e32339a5dc40459130b3bd269e9892439f55b33e772d2a9d402a789baaf4e8a"
+dependencies = [
+ "futures-core",
+ "futures-sink",
+ "indexmap 2.0.0",
+ "js-sys",
+ "once_cell",
+ "pin-project-lite",
+ "thiserror",
+ "urlencoding",
 ]
 
 [[package]]
 name = "opentelemetry-otlp"
-version = "0.13.0"
+version = "0.14.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7e5e5a5c4135864099f3faafbe939eb4d7f9b80ebf68a8448da961b32a7c1275"
+checksum = "f24cda83b20ed2433c68241f918d0f6fdec8b1d43b7a9590ab4420c5095ca930"
 dependencies = [
  "async-trait",
  "futures-core",
  "http",
+ "opentelemetry 0.21.0",
  "opentelemetry-proto",
  "opentelemetry-semantic-conventions",
- "opentelemetry_api",
- "opentelemetry_sdk",
+ "opentelemetry_sdk 0.21.1",
  "prost",
  "thiserror",
  "tokio",
@@ -3963,23 +3979,23 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-proto"
-version = "0.3.0"
+version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b1e3f814aa9f8c905d0ee4bde026afd3b2577a97c10e1699912e3e44f0c4cbeb"
+checksum = "a2e155ce5cc812ea3d1dffbd1539aed653de4bf4882d60e6e04dcf0901d674e1"
 dependencies = [
- "opentelemetry_api",
- "opentelemetry_sdk",
+ "opentelemetry 0.21.0",
+ "opentelemetry_sdk 0.21.1",
  "prost",
  "tonic",
 ]
 
 [[package]]
 name = "opentelemetry-semantic-conventions"
-version = "0.12.0"
+version = "0.13.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "73c9f9340ad135068800e7f1b24e9e09ed9e7143f5bf8518ded3d3ec69789269"
+checksum = "f5774f1ef1f982ef2a447f6ee04ec383981a3ab99c8e77a1a7b30182e65bbc84"
 dependencies = [
- "opentelemetry",
+ "opentelemetry 0.21.0",
 ]
 
 [[package]]
@@ -4011,16 +4027,35 @@ dependencies = [
  "futures-util",
  "once_cell",
  "opentelemetry_api",
- "ordered-float",
+ "ordered-float 3.9.2",
  "percent-encoding",
  "rand 0.8.5",
  "regex",
- "serde_json",
  "thiserror",
  "tokio",
  "tokio-stream",
 ]
 
+[[package]]
+name = "opentelemetry_sdk"
+version = "0.21.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "968ba3f2ca03e90e5187f5e4f46c791ef7f2c163ae87789c8ce5f5ca3b7b7de5"
+dependencies = [
+ "async-trait",
+ "crossbeam-channel",
+ "futures-channel",
+ "futures-executor",
+ "futures-util",
+ "glob",
+ "once_cell",
+ "opentelemetry 0.21.0",
+ "ordered-float 4.1.1",
+ "percent-encoding",
+ "rand 0.8.5",
+ "thiserror",
+]
+
 [[package]]
 name = "ordered-float"
 version = "3.9.2"
@@ -4030,6 +4065,15 @@ dependencies = [
  "num-traits",
 ]
 
+[[package]]
+name = "ordered-float"
+version = "4.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "536900a8093134cf9ccf00a27deb3532421099e958d9dd431135d0c7543ca1e8"
+dependencies = [
+ "num-traits",
+]
+
 [[package]]
 name = "overload"
 version = "0.1.1"
@@ -5910,17 +5954,6 @@ dependencies = [
  "valuable",
 ]
 
-[[package]]
-name = "tracing-log"
-version = "0.1.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "78ddad33d2d10b1ed7eb9d1f518a5674713876e97e5bb9b7345a7984fbb4f922"
-dependencies = [
- "lazy_static",
- "log",
- "tracing-core",
-]
-
 [[package]]
 name = "tracing-log"
 version = "0.2.0"
@@ -5934,18 +5967,20 @@ dependencies = [
 
 [[package]]
 name = "tracing-opentelemetry"
-version = "0.21.0"
+version = "0.22.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "75327c6b667828ddc28f5e3f169036cb793c3f588d83bf0f262a7f062ffed3c8"
+checksum = "c67ac25c5407e7b961fafc6f7e9aa5958fd297aada2d20fa2ae1737357e55596"
 dependencies = [
+ "js-sys",
  "once_cell",
- "opentelemetry",
- "opentelemetry_sdk",
+ "opentelemetry 0.21.0",
+ "opentelemetry_sdk 0.21.1",
  "smallvec",
  "tracing",
  "tracing-core",
- "tracing-log 0.1.3",
+ "tracing-log",
  "tracing-subscriber",
+ "web-time",
 ]
 
 [[package]]
@@ -5963,7 +5998,7 @@ dependencies = [
  "thread_local",
  "tracing",
  "tracing-core",
- "tracing-log 0.2.0",
+ "tracing-log",
 ]
 
 [[package]]
@@ -6345,6 +6380,16 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "web-time"
+version = "0.2.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "57099a701fb3a8043f993e8228dc24229c7b942e2b009a1b962e54489ba1d3bf"
+dependencies = [
+ "js-sys",
+ "wasm-bindgen",
+]
+
 [[package]]
 name = "webdriver"
 version = "0.46.0"
diff --git a/examples/metrics/Cargo.toml b/examples/metrics/Cargo.toml
index c8f74a17ebd..ab296181a74 100644
--- a/examples/metrics/Cargo.toml
+++ b/examples/metrics/Cargo.toml
@@ -13,12 +13,12 @@ futures = "0.3.29"
 hyper = { version = "0.14", features = ["server", "tcp", "http1"] }
 libp2p = { path = "../../libp2p", features = ["tokio", "metrics", "ping", "noise", "identify", "tcp", "yamux", "macros"] }
 opentelemetry = { version = "0.20.0", features = ["rt-tokio", "metrics"] }
-opentelemetry-otlp = { version = "0.13.0", features = ["metrics"]}
+opentelemetry-otlp = { version = "0.14.0", features = ["metrics"]}
 opentelemetry_api = "0.20.0"
 prometheus-client = { workspace = true }
 tokio = { version = "1", features = ["full"] }
 tracing = "0.1.37"
-tracing-opentelemetry = "0.21.0"
+tracing-opentelemetry = "0.22.0"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [lints]