diff --git a/go.mod b/go.mod
index c8434b3b..2b162b79 100644
--- a/go.mod
+++ b/go.mod
@@ -39,10 +39,10 @@ require (
 	github.com/rs/zerolog v1.31.0
 	github.com/spf13/viper v1.18.2
 	github.com/tendermint/tendermint v0.35.9
-	go.opentelemetry.io/contrib/instrumentation/runtime v0.46.1
-	go.opentelemetry.io/otel v1.21.0
+	go.opentelemetry.io/contrib/instrumentation/runtime v0.48.0
+	go.opentelemetry.io/otel v1.23.0
 	go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp v0.44.0
-	go.opentelemetry.io/otel/metric v1.21.0
+	go.opentelemetry.io/otel/metric v1.23.0
 	go.opentelemetry.io/otel/sdk v1.21.0
 	go.opentelemetry.io/otel/sdk/metric v1.21.0
 )
@@ -277,7 +277,7 @@ require (
 	go.etcd.io/bbolt v1.3.6 // indirect
 	go.opencensus.io v0.24.0 // indirect
 	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.21.0 // indirect
-	go.opentelemetry.io/otel/trace v1.21.0 // indirect
+	go.opentelemetry.io/otel/trace v1.23.0 // indirect
 	go.opentelemetry.io/proto/otlp v1.0.0 // indirect
 	go.uber.org/dig v1.17.1 // indirect
 	go.uber.org/fx v1.20.1 // indirect
diff --git a/go.sum b/go.sum
index cb5e2316..2a966043 100644
--- a/go.sum
+++ b/go.sum
@@ -1642,22 +1642,25 @@ go.opencensus.io v0.22.5/go.mod h1:5pWMHQbX5EPX2/62yrJeAkowc+lfs/XD7Uxpq3pI6kk=
 go.opencensus.io v0.23.0/go.mod h1:XItmlyltB5F7CS4xOC1DcqMoFqwtC6OG2xF7mCv7P7E=
 go.opencensus.io v0.24.0 h1:y73uSU6J157QMP2kn2r30vwW1A2W2WFwSCGnAVxeaD0=
 go.opencensus.io v0.24.0/go.mod h1:vNK8G9p7aAivkbmorf4v+7Hgx+Zs0yY+0fOtgBfjQKo=
-go.opentelemetry.io/contrib/instrumentation/runtime v0.46.1 h1:m9ReioVPIffxjJlGNRd0d5poy+9oTro3D+YbiEzUDOc=
-go.opentelemetry.io/contrib/instrumentation/runtime v0.46.1/go.mod h1:CANkrsXNzqOKXfOomu2zhOmc1/J5UZK9SGjrat6ZCG0=
-go.opentelemetry.io/otel v1.21.0 h1:hzLeKBZEL7Okw2mGzZ0cc4k/A7Fta0uoPgaJCr8fsFc=
+go.opentelemetry.io/contrib/instrumentation/runtime v0.48.0 h1:dJlCKeq+zmO5Og4kgxqPvvJrzuD/mygs1g/NYM9dAsU=
+go.opentelemetry.io/contrib/instrumentation/runtime v0.48.0/go.mod h1:p+hpBCpLHpuUrR0lHgnHbUnbCBll1IhrcMIlycC+xYs=
 go.opentelemetry.io/otel v1.21.0/go.mod h1:QZzNPQPm1zLX4gZK4cMi+71eaorMSGT3A4znnUvNNEo=
+go.opentelemetry.io/otel v1.23.0 h1:Df0pqjqExIywbMCMTxkAwzjLZtRf+bBKLbUcpxO2C9E=
+go.opentelemetry.io/otel v1.23.0/go.mod h1:YCycw9ZeKhcJFrb34iVSkyT0iczq/zYDtZYFufObyB0=
 go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp v0.44.0 h1:bflGWrfYyuulcdxf14V6n9+CoQcu5SAAdHmDPAJnlps=
 go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp v0.44.0/go.mod h1:qcTO4xHAxZLaLxPd60TdE88rxtItPHgHWqOhOGRr0as=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.21.0 h1:VhlEQAPp9R1ktYfrPk5SOryw1e9LDDTZCbIPFrho0ec=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.21.0/go.mod h1:kB3ufRbfU+CQ4MlUcqtW8Z7YEOBeK2DJ6CmR5rYYF3E=
-go.opentelemetry.io/otel/metric v1.21.0 h1:tlYWfeo+Bocx5kLEloTjbcDwBuELRrIFxwdQ36PlJu4=
 go.opentelemetry.io/otel/metric v1.21.0/go.mod h1:o1p3CA8nNHW8j5yuQLdc1eeqEaPfzug24uvsyIEJRWM=
+go.opentelemetry.io/otel/metric v1.23.0 h1:pazkx7ss4LFVVYSxYew7L5I6qvLXHA0Ap2pwV+9Cnpo=
+go.opentelemetry.io/otel/metric v1.23.0/go.mod h1:MqUW2X2a6Q8RN96E2/nqNoT+z9BSms20Jb7Bbp+HiTo=
 go.opentelemetry.io/otel/sdk v1.21.0 h1:FTt8qirL1EysG6sTQRZ5TokkU8d0ugCj8htOgThZXQ8=
 go.opentelemetry.io/otel/sdk v1.21.0/go.mod h1:Nna6Yv7PWTdgJHVRD9hIYywQBRx7pbox6nwBnZIxl/E=
 go.opentelemetry.io/otel/sdk/metric v1.21.0 h1:smhI5oD714d6jHE6Tie36fPx4WDFIg+Y6RfAY4ICcR0=
 go.opentelemetry.io/otel/sdk/metric v1.21.0/go.mod h1:FJ8RAsoPGv/wYMgBdUJXOm+6pzFY3YdljnXtv1SBE8Q=
-go.opentelemetry.io/otel/trace v1.21.0 h1:WD9i5gzvoUPuXIXH24ZNBudiarZDKuekPqi/E8fpfLc=
 go.opentelemetry.io/otel/trace v1.21.0/go.mod h1:LGbsEB0f9LGjN+OZaQQ26sohbOmiMR+BaslueVtS/qQ=
+go.opentelemetry.io/otel/trace v1.23.0 h1:37Ik5Ib7xfYVb4V1UtnT97T1jI+AoIYkJyPkuL4iJgI=
+go.opentelemetry.io/otel/trace v1.23.0/go.mod h1:GSGTbIClEsuZrGIzoEHqsVfxgn5UkggkflQwDScNUsk=
 go.opentelemetry.io/proto/otlp v0.7.0/go.mod h1:PqfVotwruBrMGOCsRd/89rSnXhoiJIqeYNgFYFoEGnI=
 go.opentelemetry.io/proto/otlp v1.0.0 h1:T0TX0tmXU8a3CbNXzEKGeU5mIVOdf0oykP+u2lIVU/I=
 go.opentelemetry.io/proto/otlp v1.0.0/go.mod h1:Sy6pihPLfYHkr3NkUbEhGHFhINUSI/v80hjKIs5JXpM=