diff --git a/Cargo.lock b/Cargo.lock
index 7b755aa5..7b1c0c03 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3966,9 +3966,9 @@ checksum = "360dfd1d6d30e05fda32ace2c8c70e9c0a9da713275777f5a4dbb8a1893930c6"
 
 [[package]]
 name = "tracing"
-version = "0.1.34"
+version = "0.1.35"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5d0ecdcb44a79f0fe9844f0c4f33a342cbcbb5117de8001e6ba0dc2351327d09"
+checksum = "a400e31aa60b9d44a52a8ee0343b5b18566b03a8321e0d321f695cf56e940160"
 dependencies = [
  "cfg-if 1.0.0",
  "pin-project-lite",
@@ -3989,11 +3989,11 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.22"
+version = "0.1.27"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "03cfcb51380632a72d3111cb8d3447a8d908e577d31beeac006f836383d29a23"
+checksum = "7709595b8878a4965ce5e87ebf880a7d39c9afc6837721b21a5a816a8117d921"
 dependencies = [
- "lazy_static",
+ "once_cell",
  "valuable",
 ]
 
diff --git a/ethers-etherscan/Cargo.toml b/ethers-etherscan/Cargo.toml
index 8609712b..26fca83b 100644
--- a/ethers-etherscan/Cargo.toml
+++ b/ethers-etherscan/Cargo.toml
@@ -20,7 +20,7 @@ serde = { version = "1.0.124", default-features = false, features = ["derive"] }
 serde_json = { version = "1.0.64", default-features = false }
 serde-aux = { version = "3.0.1", default-features = false }
 thiserror = "1.0"
-tracing = "0.1.34"
+tracing = "0.1.35"
 semver = "1.0.9"
 
 [dev-dependencies]
diff --git a/ethers-middleware/Cargo.toml b/ethers-middleware/Cargo.toml
index a1a3df0b..b90978ba 100644
--- a/ethers-middleware/Cargo.toml
+++ b/ethers-middleware/Cargo.toml
@@ -25,7 +25,7 @@ serde = { version = "1.0.124", default-features = false, features = ["derive"] }
 thiserror = { version = "1.0", default-features = false }
 futures-util = { version = "^0.3" }
 futures-locks = { version = "0.7" }
-tracing = { version = "0.1.34", default-features = false }
+tracing = { version = "0.1.35", default-features = false }
 tracing-futures = { version = "0.2.5", default-features = false }
 
 # for gas oracles
diff --git a/ethers-providers/Cargo.toml b/ethers-providers/Cargo.toml
index cc5b070f..8b7aa233 100644
--- a/ethers-providers/Cargo.toml
+++ b/ethers-providers/Cargo.toml
@@ -35,7 +35,7 @@ futures-channel = { version = "0.3.16", default-features = false, optional = tru
 pin-project = { version = "1.0.7", default-features = false }
 
 # tracing
-tracing = { version = "0.1.34", default-features = false }
+tracing = { version = "0.1.35", default-features = false }
 tracing-futures = { version = "0.2.5", default-features = false, features = ["std-future"] }
 
 bytes = { version  = "1.1.0", default-features = false, optional = true }
diff --git a/ethers-signers/Cargo.toml b/ethers-signers/Cargo.toml
index b3e0d6e0..74268b4c 100644
--- a/ethers-signers/Cargo.toml
+++ b/ethers-signers/Cargo.toml
@@ -33,7 +33,7 @@ trezor-client = { version = "0.0.5", optional = true, default-features = false,
 # aws
 rusoto_core = { version = "0.48.0", optional = true }
 rusoto_kms = { version = "0.48.0", optional = true }
-tracing = { version = "0.1.34", optional = true }
+tracing = { version = "0.1.35", optional = true }
 spki = { version = "0.6.0", optional = true }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
diff --git a/ethers-solc/Cargo.toml b/ethers-solc/Cargo.toml
index 9d7217c7..42455906 100644
--- a/ethers-solc/Cargo.toml
+++ b/ethers-solc/Cargo.toml
@@ -28,7 +28,7 @@ thiserror = "1.0"
 hex = "0.4.3"
 colored = "2.0.0"
 glob = "0.3.0"
-tracing = "0.1.34"
+tracing = "0.1.35"
 num_cpus = "1.13.1"
 tiny-keccak = { version = "2.0.2", default-features = false }
 tempfile = { version = "3.3.0", optional = true }