diff --git a/Cargo.lock b/Cargo.lock
index 83ab3bf87d..0527707ffa 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1806,7 +1806,7 @@ dependencies = [
  "jsonrpc-ws-server",
  "log 0.4.17",
  "once_cell",
- "opentelemetry",
+ "opentelemetry 0.18.0",
  "opentelemetry-jaeger",
  "paw",
  "primitive-types",
@@ -3692,6 +3692,16 @@ dependencies = [
  "tokio-stream",
 ]
 
+[[package]]
+name = "opentelemetry"
+version = "0.18.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "69d6c3d7288a106c0a363e4b0e8d308058d56902adefb16f4936f417ffef086e"
+dependencies = [
+ "opentelemetry_api",
+ "opentelemetry_sdk",
+]
+
 [[package]]
 name = "opentelemetry-http"
 version = "0.5.0"
@@ -3702,7 +3712,7 @@ dependencies = [
  "bytes 1.2.1",
  "futures-util",
  "http",
- "opentelemetry",
+ "opentelemetry 0.16.0",
  "reqwest",
 ]
 
@@ -3716,7 +3726,7 @@ dependencies = [
  "headers",
  "http",
  "lazy_static",
- "opentelemetry",
+ "opentelemetry 0.16.0",
  "opentelemetry-http",
  "opentelemetry-semantic-conventions",
  "reqwest",
@@ -3731,7 +3741,40 @@ version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ffeac823339e8b0f27b961f4385057bf9f97f2863bc745bd015fd6091f2270e9"
 dependencies = [
- "opentelemetry",
+ "opentelemetry 0.16.0",
+]
+
+[[package]]
+name = "opentelemetry_api"
+version = "0.18.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c24f96e21e7acc813c7a8394ee94978929db2bcc46cf6b5014fc612bf7760c22"
+dependencies = [
+ "futures-channel",
+ "futures-util",
+ "indexmap",
+ "js-sys",
+ "once_cell",
+ "pin-project-lite",
+ "thiserror",
+]
+
+[[package]]
+name = "opentelemetry_sdk"
+version = "0.18.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1ca41c4933371b61c2a2f214bf16931499af4ec90543604ec828f7a625c09113"
+dependencies = [
+ "async-trait",
+ "crossbeam-channel",
+ "futures-channel",
+ "futures-executor",
+ "futures-util",
+ "once_cell",
+ "opentelemetry_api",
+ "percent-encoding 2.1.0",
+ "rand 0.8.5",
+ "thiserror",
 ]
 
 [[package]]
@@ -7030,7 +7073,7 @@ dependencies = [
  "jsonrpc-ws-server",
  "libc",
  "log 0.4.17",
- "opentelemetry",
+ "opentelemetry 0.18.0",
  "opentelemetry-jaeger",
  "rayon",
  "regex",
@@ -7885,7 +7928,7 @@ dependencies = [
  "fnv",
  "futures 0.3.23",
  "humantime",
- "opentelemetry",
+ "opentelemetry 0.16.0",
  "pin-project",
  "rand 0.8.5",
  "serde",
@@ -8609,7 +8652,7 @@ version = "0.15.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "599f388ecb26b28d9c1b2e4437ae019a7b336018b45ed911458cd9ebf91129f6"
 dependencies = [
- "opentelemetry",
+ "opentelemetry 0.16.0",
  "tracing",
  "tracing-core",
  "tracing-subscriber 0.2.25",
@@ -8621,7 +8664,7 @@ version = "0.16.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "3ffbf13a0f8b054a4e59df3a173b818e9c6177c02789871f2073977fd0062076"
 dependencies = [
- "opentelemetry",
+ "opentelemetry 0.16.0",
  "tracing",
  "tracing-core",
  "tracing-log",
diff --git a/evm-utils/evm-bridge/Cargo.toml b/evm-utils/evm-bridge/Cargo.toml
index aca34b3020..3cee8240c0 100644
--- a/evm-utils/evm-bridge/Cargo.toml
+++ b/evm-utils/evm-bridge/Cargo.toml
@@ -57,7 +57,7 @@ tracing-subscriber = { version = "0.3", default-features = false, features = [
 ] }
 tracing-attributes = "0.1.18"
 tracing-opentelemetry  =  "0.16"
-opentelemetry = { version = "0.16", default-features = false, features = ["trace"] }
+opentelemetry = { version = "0.18", default-features = false, features = ["trace"] }
 opentelemetry-jaeger = { version = "0.15", features = [ "reqwest_collector_client", "rt-tokio" ] }
 
 [features]
diff --git a/rpc/Cargo.toml b/rpc/Cargo.toml
index 3acb22861c..ad027b31ae 100644
--- a/rpc/Cargo.toml
+++ b/rpc/Cargo.toml
@@ -70,7 +70,7 @@ tracing-subscriber = { version = "0.3", default-features = false, features = [
 ] }
 tracing-attributes = "0.1.18"
 tracing-opentelemetry  =  "0.16"
-opentelemetry = { version = "0.16", default-features = false, features = ["trace"] }
+opentelemetry = { version = "0.18", default-features = false, features = ["trace"] }
 opentelemetry-jaeger = { version = "0.15", features = [ "reqwest_collector_client", "rt-tokio" ] }