diff --git a/Cargo.lock b/Cargo.lock
index 61b68376f..b69ef8879 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -38,6 +38,18 @@ dependencies = [
  "version_check",
 ]
 
+[[package]]
+name = "ahash"
+version = "0.8.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2c99f64d1e06488f620f932677e24bc6e2897582980441ae90a671415bd7ec2f"
+dependencies = [
+ "cfg-if",
+ "getrandom 0.2.8",
+ "once_cell",
+ "version_check",
+]
+
 [[package]]
 name = "aho-corasick"
 version = "0.7.20"
@@ -401,7 +413,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "822462c1e7b17b31961798a6874b36daea6818e99e0cb7d3b7b0fa3c477751c3"
 dependencies = [
  "borsh-derive",
- "hashbrown",
+ "hashbrown 0.12.3",
 ]
 
 [[package]]
@@ -439,6 +451,18 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "bounded-collections"
+version = "0.1.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "de2aff4807e40f478132150d80b031f2461d88f061851afcab537d7600c24120"
+dependencies = [
+ "log",
+ "parity-scale-codec",
+ "scale-info",
+ "serde",
+]
+
 [[package]]
 name = "brownstone"
 version = "1.1.0"
@@ -800,9 +824,9 @@ dependencies = [
 
 [[package]]
 name = "cranelift-entity"
-version = "0.88.2"
+version = "0.92.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "87a0f1b2fdc18776956370cf8d9b009ded3f855350c480c1c52142510961f352"
+checksum = "dab984c94593f876090fae92e984bdcc74d9b1acf740ab5f79036001c65cba13"
 dependencies = [
  "serde",
 ]
@@ -949,9 +973,9 @@ dependencies = [
 
 [[package]]
 name = "darling"
-version = "0.14.2"
+version = "0.14.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b0dd3cd20dc6b5a876612a6e5accfe7f3dd883db6d07acfbf14c128f61550dfa"
+checksum = "c0808e1bd8671fb44a113a14e13497557533369847788fa2ae912b6ebfce9fa8"
 dependencies = [
  "darling_core",
  "darling_macro",
@@ -959,9 +983,9 @@ dependencies = [
 
 [[package]]
 name = "darling_core"
-version = "0.14.2"
+version = "0.14.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a784d2ccaf7c98501746bf0be29b2022ba41fd62a2e622af997a03e9f972859f"
+checksum = "001d80444f28e193f30c2f293455da62dcf9a6b29918a4253152ae2b1de592cb"
 dependencies = [
  "fnv",
  "ident_case",
@@ -973,9 +997,9 @@ dependencies = [
 
 [[package]]
 name = "darling_macro"
-version = "0.14.2"
+version = "0.14.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7618812407e9402654622dd402b0a89dff9ba93badd6540781526117b92aab7e"
+checksum = "b36230598a2d5de7ec1c6f51f72d8a99a9208daff41de2084d06e3fd3ea56685"
 dependencies = [
  "darling_core",
  "quote",
@@ -1112,7 +1136,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7c24f403d068ad0b359e577a77f92392118be3f3c927538f2bb544a5ecd828c6"
 dependencies = [
  "curve25519-dalek 3.2.0",
- "hashbrown",
+ "hashbrown 0.12.3",
  "hex",
  "rand_core 0.6.4",
  "sha2 0.9.9",
@@ -1257,9 +1281,9 @@ checksum = "e6d5a32815ae3f33302d95fdcb2ce17862f8c65363dcfd29360480ba1001fc9c"
 
 [[package]]
 name = "futures"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "38390104763dc37a5145a53c29c63c1290b5d316d6086ec32c293f6736051bb0"
+checksum = "13e2792b0ff0340399d58445b88fd9770e3489eff258a4cbc1523418f12abf84"
 dependencies = [
  "futures-channel",
  "futures-core",
@@ -1272,9 +1296,9 @@ dependencies = [
 
 [[package]]
 name = "futures-channel"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "52ba265a92256105f45b719605a571ffe2d1f0fea3807304b522c1d778f79eed"
+checksum = "2e5317663a9089767a1ec00a487df42e0ca174b61b4483213ac24448e4664df5"
 dependencies = [
  "futures-core",
  "futures-sink",
@@ -1282,15 +1306,15 @@ dependencies = [
 
 [[package]]
 name = "futures-core"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "04909a7a7e4633ae6c4a9ab280aeb86da1236243a77b694a49eacd659a4bd3ac"
+checksum = "ec90ff4d0fe1f57d600049061dc6bb68ed03c7d2fbd697274c41805dcb3f8608"
 
 [[package]]
 name = "futures-executor"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7acc85df6714c176ab5edf386123fafe217be88c0840ec11f199441134a074e2"
+checksum = "e8de0a35a6ab97ec8869e32a2473f4b1324459e14c29275d14b10cb1fd19b50e"
 dependencies = [
  "futures-core",
  "futures-task",
@@ -1300,9 +1324,9 @@ dependencies = [
 
 [[package]]
 name = "futures-io"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "00f5fb52a06bdcadeb54e8d3671f8888a39697dcb0b81b23b55174030427f4eb"
+checksum = "bfb8371b6fb2aeb2d280374607aeabfc99d95c72edfe51692e42d3d7f0d08531"
 
 [[package]]
 name = "futures-lite"
@@ -1321,9 +1345,9 @@ dependencies = [
 
 [[package]]
 name = "futures-macro"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bdfb8ce053d86b91919aad980c220b1fb8401a9394410e1c289ed7e66b61835d"
+checksum = "95a73af87da33b5acf53acfebdc339fe592ecf5357ac7c0a7734ab9d8c876a70"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1332,15 +1356,15 @@ dependencies = [
 
 [[package]]
 name = "futures-sink"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "39c15cf1a4aa79df40f1bb462fb39676d0ad9e366c2a33b590d7c66f4f81fcf9"
+checksum = "f310820bb3e8cfd46c80db4d7fb8353e15dfff853a127158425f31e0be6c8364"
 
 [[package]]
 name = "futures-task"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2ffb393ac5d9a6eaa9d3fdf37ae2776656b706e200c8e16b1bdb227f5198e6ea"
+checksum = "dcf79a1bf610b10f42aea489289c5a2c478a786509693b80cd39c44ccd936366"
 
 [[package]]
 name = "futures-timer"
@@ -1350,9 +1374,9 @@ checksum = "e64b03909df88034c26dc1547e8970b91f98bdb65165d6a4e9110d94263dbb2c"
 
 [[package]]
 name = "futures-util"
-version = "0.3.25"
+version = "0.3.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "197676987abd2f9cadff84926f410af1c183608d36641465df73ae8211dc65d6"
+checksum = "9c1d6de3acfef38d2be4b1f543f553131788603495be83da675e180c8d6b7bd1"
 dependencies = [
  "futures-channel",
  "futures-core",
@@ -1477,14 +1501,20 @@ version = "0.12.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8a9ee70c43aaf417c914396645a0fa852624801b24ebb7ae78fe8272889ac888"
 dependencies = [
- "ahash",
+ "ahash 0.7.6",
 ]
 
+[[package]]
+name = "hashbrown"
+version = "0.13.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "43a3c133739dddd0d2990f9a4bdf8eb4b21ef50e4851ca85ab661199821d510e"
+
 [[package]]
 name = "heck"
-version = "0.4.0"
+version = "0.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2540771e65fc8cb83cd6e8a237f70c319bd5c29f78ed1084ba5d50eeac86f7f9"
+checksum = "95505c38b4572b2d910cecb0281560f54b440a19336cbbcb27bf6ce6adc6f5a8"
 
 [[package]]
 name = "hermit-abi"
@@ -1712,7 +1742,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1885e79c1fc4b10f0e172c475f458b7f7b93061064d98c3293e98c5ba0c8b399"
 dependencies = [
  "autocfg",
- "hashbrown",
+ "hashbrown 0.12.3",
  "serde",
 ]
 
@@ -1923,12 +1953,6 @@ dependencies = [
  "num-traits",
 ]
 
-[[package]]
-name = "io-lifetimes"
-version = "0.7.5"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "59ce5ef949d49ee85593fc4d3f3f95ad61657076395cbbce23e2121fc5542074"
-
 [[package]]
 name = "io-lifetimes"
 version = "1.0.1"
@@ -1946,8 +1970,8 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "927609f78c2913a6f6ac3c27a4fe87f43e2a35367c0c4b0f8265e8f49a104330"
 dependencies = [
  "hermit-abi 0.2.6",
- "io-lifetimes 1.0.1",
- "rustix 0.36.4",
+ "io-lifetimes",
+ "rustix",
  "windows-sys 0.42.0",
 ]
 
@@ -2185,12 +2209,6 @@ dependencies = [
  "cc",
 ]
 
-[[package]]
-name = "linux-raw-sys"
-version = "0.0.46"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d4d2456c373231a208ad294c33dc5bff30051eafd954cd4caae83a712b12854d"
-
 [[package]]
 name = "linux-raw-sys"
 version = "0.1.3"
@@ -2217,15 +2235,6 @@ dependencies = [
  "value-bag",
 ]
 
-[[package]]
-name = "lru"
-version = "0.8.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b6e8aaa3f231bb4bd57b84b2d5dc3ae7f350265df8aa96492e0bc394a1571909"
-dependencies = [
- "hashbrown",
-]
-
 [[package]]
 name = "mach"
 version = "0.3.2"
@@ -2259,6 +2268,15 @@ version = "2.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2dffe52ecf27772e601905b7522cb4ef790d2cc203488bbd0e2fe85fcb74566d"
 
+[[package]]
+name = "memfd"
+version = "0.6.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b20a59d985586e4a5aef64564ac77299f8586d8be6cf9106a5a40207e8908efb"
+dependencies = [
+ "rustix",
+]
+
 [[package]]
 name = "memoffset"
 version = "0.6.5"
@@ -2275,7 +2293,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5e0c7cba9ce19ac7ffd2053ac9f49843bbd3f4318feedfd74e85c19d5fb0ba66"
 dependencies = [
  "hash-db",
- "hashbrown",
+ "hashbrown 0.12.3",
 ]
 
 [[package]]
@@ -2446,7 +2464,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "21158b2c33aa6d4561f1c0a6ea283ca92bc54802a93b263e910746d679a7eb53"
 dependencies = [
  "crc32fast",
- "hashbrown",
+ "hashbrown 0.12.3",
  "indexmap",
  "memchr",
 ]
@@ -2498,12 +2516,13 @@ checksum = "b15813163c1d831bf4a13c3610c05c0d03b39feb07f7e09fa234dac9b15aaf39"
 
 [[package]]
 name = "pallet-contracts-primitives"
-version = "12.0.0"
+version = "18.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3c73c104a4bc750a070201026de531a85d9324825a5e8f8454bfe457ccb729da"
+checksum = "a55297ea34ab27f64dd7005196c064058e3e256ec1ebaf4eecd965c2e4f69f96"
 dependencies = [
  "bitflags",
  "parity-scale-codec",
+ "scale-info",
  "sp-runtime",
  "sp-std",
  "sp-weights",
@@ -2511,9 +2530,9 @@ dependencies = [
 
 [[package]]
 name = "parity-scale-codec"
-version = "3.2.1"
+version = "3.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "366e44391a8af4cfd6002ef6ba072bae071a96aafca98d7d448a34c5dca38b6a"
+checksum = "637935964ff85a605d114591d4d2c13c5d1ba2806dae97cea6bf180238a749ac"
 dependencies = [
  "arrayvec 0.7.2",
  "bitvec",
@@ -2526,9 +2545,9 @@ dependencies = [
 
 [[package]]
 name = "parity-scale-codec-derive"
-version = "3.1.3"
+version = "3.1.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9299338969a3d2f491d65f140b00ddec470858402f888af98e8642fb5e8965cd"
+checksum = "86b26a931f824dd4eca30b3e43bb4f31cd5f0d3a403c5f5ff27106b805bfde7b"
 dependencies = [
  "proc-macro-crate 1.2.1",
  "proc-macro2",
@@ -2760,9 +2779,9 @@ dependencies = [
 
 [[package]]
 name = "proc-macro2"
-version = "1.0.47"
+version = "1.0.51"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5ea3d908b0e36316caf9e9e2c4625cdde190a7e6f440d794667ed17a1855e725"
+checksum = "5d727cae5b39d21da60fa540906919ad737832fe0b1c165da3a34d6548c849d6"
 dependencies = [
  "unicode-ident",
 ]
@@ -2977,7 +2996,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cec2b3485b07d96ddfd3134767b8a447b45ea4eb91448d0a35180ec0ffd5ed15"
 dependencies = [
  "bytecheck",
- "hashbrown",
+ "hashbrown 0.12.3",
  "ptr_meta",
  "rend",
  "rkyv_derive",
@@ -3046,20 +3065,6 @@ dependencies = [
  "semver",
 ]
 
-[[package]]
-name = "rustix"
-version = "0.35.13"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "727a1a6d65f786ec22df8a81ca3121107f235970dc1705ed681d3e6e8b9cd5f9"
-dependencies = [
- "bitflags",
- "errno",
- "io-lifetimes 0.7.5",
- "libc",
- "linux-raw-sys 0.0.46",
- "windows-sys 0.42.0",
-]
-
 [[package]]
 name = "rustix"
 version = "0.36.4"
@@ -3068,9 +3073,9 @@ checksum = "cb93e85278e08bb5788653183213d3a60fc242b10cb9be96586f5a73dcb67c23"
 dependencies = [
  "bitflags",
  "errno",
- "io-lifetimes 1.0.1",
+ "io-lifetimes",
  "libc",
- "linux-raw-sys 0.1.3",
+ "linux-raw-sys",
  "windows-sys 0.42.0",
 ]
 
@@ -3204,6 +3209,17 @@ dependencies = [
  "windows-sys 0.36.1",
 ]
 
+[[package]]
+name = "schnellru"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "772575a524feeb803e5b0fcbc6dd9f367e579488197c94c6e4023aad2305774d"
+dependencies = [
+ "ahash 0.8.3",
+ "cfg-if",
+ "hashbrown 0.13.2",
+]
+
 [[package]]
 name = "schnorrkel"
 version = "0.9.1"
@@ -3483,9 +3499,9 @@ dependencies = [
 
 [[package]]
 name = "sp-application-crypto"
-version = "12.0.0"
+version = "17.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a72575f160b1b134ee277a2ab46af4361c072a3fe661c48e474255406cb01c97"
+checksum = "2f08604ba4bd856311946722958711a08bded5c929e1227f7a697c58deb09468"
 dependencies = [
  "parity-scale-codec",
  "scale-info",
@@ -3497,9 +3513,9 @@ dependencies = [
 
 [[package]]
 name = "sp-arithmetic"
-version = "9.0.0"
+version = "12.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2038010f7514d50775dcbd3edb569e17fa9bda63128580a9e172abb1795f2c1d"
+checksum = "7796939f2e3b68a3b9410ea17a2063b78038cd366f57fa772dd3be0798bd3412"
 dependencies = [
  "integer-sqrt",
  "num-traits",
@@ -3512,14 +3528,15 @@ dependencies = [
 
 [[package]]
 name = "sp-core"
-version = "11.0.0"
+version = "16.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d99984f57c9eb858d29fbe0e4cf44092eec484b2ff72176d5afa4ab7bf1dc8b1"
+checksum = "9c96dc3debbe5c22ebf18f99e6a53199efe748e6e584a1902adb88cbad66ae7c"
 dependencies = [
  "array-bytes",
  "base58",
  "bitflags",
  "blake2",
+ "bounded-collections",
  "dyn-clonable",
  "ed25519-zebra",
  "futures",
@@ -3581,9 +3598,9 @@ dependencies = [
 
 [[package]]
 name = "sp-externalities"
-version = "0.15.0"
+version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dc754e1cec66b93df0b48a8986d019c1a2a90431c42cf2614cc35a291597c329"
+checksum = "57052935c9c9b070ea6b339ef0da3bf241b7e065fc37f9c551669ee83ecfc3c1"
 dependencies = [
  "environmental",
  "parity-scale-codec",
@@ -3593,9 +3610,9 @@ dependencies = [
 
 [[package]]
 name = "sp-io"
-version = "12.0.0"
+version = "17.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8ac917b37c7733e3778e7ffc3958f1181a151ac3b14116d65fb10fe7b08db10e"
+checksum = "578959f9a7e44fd2dd96e8b8bc893cea04fcd7c00a4ffbb0b91c5013899dd02b"
 dependencies = [
  "bytes",
  "ed25519",
@@ -3619,9 +3636,9 @@ dependencies = [
 
 [[package]]
 name = "sp-keystore"
-version = "0.17.0"
+version = "0.22.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6ada8b7a72404bda58b3353830bc42f027ec764e13a28b4cd4386cf34fb1ae7c"
+checksum = "480dbd54b281c638209fbcfce69902b82a0a1af0e22219d46825eadced3136b6"
 dependencies = [
  "async-trait",
  "futures",
@@ -3647,9 +3664,9 @@ dependencies = [
 
 [[package]]
 name = "sp-runtime"
-version = "12.0.0"
+version = "18.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c86578c67b060a6ecab52af64f1cf18b3892fca7fba5ffc5c49934b2e76b1929"
+checksum = "b8ab2fd44668d3e8674e2253a43852857a47d49be7db737e98bf157e4bcebefd"
 dependencies = [
  "either",
  "hash256-std-hasher",
@@ -3670,9 +3687,9 @@ dependencies = [
 
 [[package]]
 name = "sp-runtime-interface"
-version = "10.0.0"
+version = "13.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f3858935567385728ea45f6d159f9970b0b278eb22a8e77625bbf4a63e43a85a"
+checksum = "cdb7707246cee4967a8cc71e3ef0e82f562e8b1020606447a6a12b99c7c1b443"
 dependencies = [
  "bytes",
  "impl-trait-for-tuples",
@@ -3689,9 +3706,9 @@ dependencies = [
 
 [[package]]
 name = "sp-runtime-interface-proc-macro"
-version = "7.0.0"
+version = "9.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "00083a77e938c4f35d0bde7ca0b6e5f616158ebe11af6063795aa664d92a238b"
+checksum = "2773c90e5765847c5e8b4a24b553d38a9ca52ded47c142cfcfb7948f42827af9"
 dependencies = [
  "Inflector",
  "proc-macro-crate 1.2.1",
@@ -3702,9 +3719,9 @@ dependencies = [
 
 [[package]]
 name = "sp-state-machine"
-version = "0.17.0"
+version = "0.22.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f1fd4c600df0b5abf26c19b6c61d928b64e0c2b8a709a3dbef872be0507cd1ca"
+checksum = "4c957b8b4c252507c12674948db427c5e34fd1760ce256922f1ec5f89f781a4f"
 dependencies = [
  "hash-db",
  "log",
@@ -3729,9 +3746,9 @@ checksum = "af0ee286f98455272f64ac5bb1384ff21ac029fbb669afbaf48477faff12760e"
 
 [[package]]
 name = "sp-storage"
-version = "9.0.0"
+version = "11.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9acb4059eb0ae4fa8cf9ca9119b0178ad312a592d4c6054bd17b411034f233e9"
+checksum = "3c20cb0c562d1a159ecb2c7ca786828c81e432c535474967d2df3a484977cea4"
 dependencies = [
  "impl-serde",
  "parity-scale-codec",
@@ -3743,9 +3760,9 @@ dependencies = [
 
 [[package]]
 name = "sp-tracing"
-version = "7.0.0"
+version = "8.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b22d28a0bc2365dfb86644d14f2682a79da35891d4656d4896fb09fb05ff1e6c"
+checksum = "e46bd547da89a9cda69b4ce4c91a5b7e1f86915190d83cd407b715d0c6bac042"
 dependencies = [
  "parity-scale-codec",
  "sp-std",
@@ -3756,20 +3773,20 @@ dependencies = [
 
 [[package]]
 name = "sp-trie"
-version = "11.0.0"
+version = "16.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "db085f134cb444e52ca569a442d12c84bd17667532613d78dd6f568942632da4"
+checksum = "8efbe5b6d29a18fea7c2f52e0098135f2f864b31d335d5105b40a349866ba874"
 dependencies = [
- "ahash",
+ "ahash 0.8.3",
  "hash-db",
- "hashbrown",
+ "hashbrown 0.12.3",
  "lazy_static",
- "lru",
  "memory-db",
  "nohash-hasher",
  "parity-scale-codec",
  "parking_lot",
  "scale-info",
+ "schnellru",
  "sp-core",
  "sp-std",
  "thiserror",
@@ -3780,10 +3797,11 @@ dependencies = [
 
 [[package]]
 name = "sp-wasm-interface"
-version = "8.0.0"
+version = "10.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3ebc377987d42f8fc20e3f4ec4fd1147dd098fe90bcb4269e1eddb04e920f889"
+checksum = "bbbc05650b6338808892a7b04f0c56bb1f7f928bfa9ac58e0af2c1e5bef33229"
 dependencies = [
+ "anyhow",
  "impl-trait-for-tuples",
  "log",
  "parity-scale-codec",
@@ -3794,9 +3812,9 @@ dependencies = [
 
 [[package]]
 name = "sp-weights"
-version = "8.0.0"
+version = "14.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "90eca2a19f48978e9cd605e23905d0602419f7880a9360ac717b03412e9c7916"
+checksum = "9ebab7696f915aa548494aef3ca8d15217baf10458fe6edb87e60587a47de358"
 dependencies = [
  "parity-scale-codec",
  "scale-info",
@@ -3896,9 +3914,9 @@ checksum = "6bdef32e8150c2a081110b42772ffe7d7c9032b606bc226c8260fd97e0976601"
 
 [[package]]
 name = "subxt"
-version = "0.26.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "44ddcf2435955202d5f97934e80eb56bbafc85d31949a857ae77431b19f5eddf"
+checksum = "fa3fb2cf80c16f9cc068c9dce8e4a0cef0a41fcff8052765ab912690da6a2e90"
 dependencies = [
  "base58",
  "blake2",
@@ -3929,9 +3947,9 @@ dependencies = [
 
 [[package]]
 name = "subxt-codegen"
-version = "0.26.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0217ebd818e3d4ff1f56cdba4fcc08ede2b9c8eaf2945ad1b442685f674a465f"
+checksum = "ad215b2cbcfd36488c334546fd4d81f601cf8cea75a57652859d19da287796d7"
 dependencies = [
  "darling",
  "frame-metadata",
@@ -3950,9 +3968,9 @@ dependencies = [
 
 [[package]]
 name = "subxt-macro"
-version = "0.26.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bd0663fedcacc1b3d1430c05e429c2ac40efeab41399efcaaf6ad4070737f3e9"
+checksum = "7c6a3654f75260e64c7dfaeebe030c0f62448ee9b0c468994dee056f14fefd3c"
 dependencies = [
  "darling",
  "proc-macro-error",
@@ -3962,9 +3980,9 @@ dependencies = [
 
 [[package]]
 name = "subxt-metadata"
-version = "0.26.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "419b06bdd1926c3b2c53d5ea4f2c875c29afaede2e5de11346f67199ed180685"
+checksum = "e5bdb292ee95f48113cbca01a135a8759981aeac82c1bf31b730db072d86fb99"
 dependencies = [
  "frame-metadata",
  "parity-scale-codec",
@@ -4304,7 +4322,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "004e1e8f92535694b4cb1444dc5a8073ecf0815e3357f729638b9f8fc4062908"
 dependencies = [
  "hash-db",
- "hashbrown",
+ "hashbrown 0.12.3",
  "log",
  "rustc-hex",
  "smallvec",
@@ -4641,18 +4659,19 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.89.1"
+version = "0.96.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ab5d3e08b13876f96dd55608d03cd4883a0545884932d5adf11925876c96daef"
+checksum = "adde01ade41ab9a5d10ec8ed0bb954238cf8625b5cd5a13093d6de2ad9c2be1a"
 dependencies = [
  "indexmap",
+ "url",
 ]
 
 [[package]]
 name = "wasmtime"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4ad5af6ba38311282f2a21670d96e78266e8c8e2f38cbcd52c254df6ccbc7731"
+checksum = "4e5b183a159484980138cc05231419c536d395a7b25c1802091310ea2f74276a"
 dependencies = [
  "anyhow",
  "bincode",
@@ -4670,23 +4689,23 @@ dependencies = [
  "wasmtime-environ",
  "wasmtime-jit",
  "wasmtime-runtime",
- "windows-sys 0.36.1",
+ "windows-sys 0.42.0",
 ]
 
 [[package]]
 name = "wasmtime-asm-macros"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "45de63ddfc8b9223d1adc8f7b2ee5f35d1f6d112833934ad7ea66e4f4339e597"
+checksum = "c0aeb1cb256d76cf07b20264c808351c8b525ece56de1ef4d93f87a0aaf342db"
 dependencies = [
  "cfg-if",
 ]
 
 [[package]]
 name = "wasmtime-environ"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ebb881c61f4f627b5d45c54e629724974f8a8890d455bcbe634330cc27309644"
+checksum = "e5a2a5f0fb93aa837a727a48dd1076e8a9f882cc2fee20b433c04a18740ff63b"
 dependencies = [
  "anyhow",
  "cranelift-entity",
@@ -4703,9 +4722,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-jit"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1985c628011fe26adf5e23a5301bdc79b245e0e338f14bb58b39e4e25e4d8681"
+checksum = "01c78f9fb2922dbb5a95f009539d4badb44866caeeb53d156bf2cf4d683c3afd"
 dependencies = [
  "addr2line",
  "anyhow",
@@ -4716,29 +4735,39 @@ dependencies = [
  "log",
  "object",
  "rustc-demangle",
- "rustix 0.35.13",
  "serde",
  "target-lexicon",
- "thiserror",
  "wasmtime-environ",
+ "wasmtime-jit-icache-coherence",
  "wasmtime-runtime",
- "windows-sys 0.36.1",
+ "windows-sys 0.42.0",
 ]
 
 [[package]]
 name = "wasmtime-jit-debug"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f671b588486f5ccec8c5a3dba6b4c07eac2e66ab8c60e6f4e53717c77f709731"
+checksum = "67cacdb52a77b8c8e744e510beeabf0bd698b1c94c59eed33c52b3fbd19639b0"
 dependencies = [
  "once_cell",
 ]
 
+[[package]]
+name = "wasmtime-jit-icache-coherence"
+version = "5.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "08fcba5ebd96da2a9f0747ab6337fe9788adfb3f63fa2c180520d665562d257e"
+dependencies = [
+ "cfg-if",
+ "libc",
+ "windows-sys 0.42.0",
+]
+
 [[package]]
 name = "wasmtime-runtime"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ee8f92ad4b61736339c29361da85769ebc200f184361959d1792832e592a1afd"
+checksum = "0793210acf50d4c69182c916abaee1d423dc5d172cdfde6acfea2f9446725940"
 dependencies = [
  "anyhow",
  "cc",
@@ -4747,22 +4776,22 @@ dependencies = [
  "libc",
  "log",
  "mach",
+ "memfd",
  "memoffset",
  "paste",
  "rand 0.8.5",
- "rustix 0.35.13",
- "thiserror",
+ "rustix",
  "wasmtime-asm-macros",
  "wasmtime-environ",
  "wasmtime-jit-debug",
- "windows-sys 0.36.1",
+ "windows-sys 0.42.0",
 ]
 
 [[package]]
 name = "wasmtime-types"
-version = "1.0.2"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d23d61cb4c46e837b431196dd06abb11731541021916d03476a178b54dc07aeb"
+checksum = "50d015ba8b231248a811e323cf7a525cd3f982d4be0b9e62d27685102e5f12b1"
 dependencies = [
  "cranelift-entity",
  "serde",
diff --git a/crates/cargo-contract/Cargo.toml b/crates/cargo-contract/Cargo.toml
index ef6a73f19..ec3c652d8 100644
--- a/crates/cargo-contract/Cargo.toml
+++ b/crates/cargo-contract/Cargo.toml
@@ -36,11 +36,11 @@ rust_decimal = "1.28"
 
 # dependencies for extrinsics (deploying and calling a contract)
 async-std = { version = "1.12.0", features = ["attributes", "tokio1"] }
-sp-core = "11.0.0"
-sp-runtime = "12.0.0"
-sp-weights = "8.0.0"
-pallet-contracts-primitives = "12.0.0"
-subxt = "0.26.0"
+sp-core = "16.0.0"
+sp-runtime = "18.0.0"
+sp-weights = "14.0.0"
+pallet-contracts-primitives = "18.0.0"
+subxt = "0.27.0"
 hex = "0.4.3"
 jsonrpsee = { version = "0.16.2", features = ["ws-client"] }
 
diff --git a/crates/transcode/Cargo.toml b/crates/transcode/Cargo.toml
index fa014c653..cf18d03b6 100644
--- a/crates/transcode/Cargo.toml
+++ b/crates/transcode/Cargo.toml
@@ -32,8 +32,8 @@ scale = { package = "parity-scale-codec", version = "3.0.0", features = ["derive
 scale-info = { version = "2.3.1", default-features = false, features = ["derive"] }
 serde = { version = "1.0.152", default-features = false, features = ["derive"] }
 serde_json = "1.0.93"
-sp-core = "11.0.0"
-sp-runtime = "12.0.0"
+sp-core = "16.0.0"
+sp-runtime = "18.0.0"
 
 [dev-dependencies]
 assert_matches = "1.5.0"