diff --git a/Cargo.lock b/Cargo.lock
index 1ed06136646..de486dc19ba 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5858,9 +5858,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.36.0"
+version = "1.38.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "61285f6515fa018fb2d1e46eb21223fff441ee8db5d0f1435e8ab4f5cdb80931"
+checksum = "ba4f4a02a7a80d6f274636f0aa95c7e383b912d41fe721a31f29e29698585a4a"
 dependencies = [
  "backtrace",
  "bytes",
@@ -5887,9 +5887,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-macros"
-version = "2.2.0"
+version = "2.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5b8a1e28f2deaa14e508979454cb3a223b10b938b45af148bc0986de36f1923b"
+checksum = "5f5ae998a069d4b5aba8ee9dad856af7d520c3699e6159b185c2acd48155d39a"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/examples/autonat/Cargo.toml b/examples/autonat/Cargo.toml
index 642e621c257..a352d5dabb6 100644
--- a/examples/autonat/Cargo.toml
+++ b/examples/autonat/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.36", features = ["full"] }
+tokio = { version = "1.38", features = ["full"] }
 clap = { version = "4.4.16", features = ["derive"] }
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = ["tokio", "tcp", "noise", "yamux", "autonat", "identify", "macros"] }
diff --git a/examples/browser-webrtc/Cargo.toml b/examples/browser-webrtc/Cargo.toml
index 5e3c8a0c666..83ab617a742 100644
--- a/examples/browser-webrtc/Cargo.toml
+++ b/examples/browser-webrtc/Cargo.toml
@@ -27,7 +27,7 @@ axum = "0.7.4"
 libp2p = { path = "../../libp2p", features = [ "ed25519", "macros", "ping", "tokio"] }
 libp2p-webrtc = { workspace = true, features = ["tokio"] }
 rust-embed = { version = "8.2.0", features = ["include-exclude", "interpolate-folder-path"] }
-tokio = { version = "1.36", features = ["macros", "net", "rt", "signal"] }
+tokio = { version = "1.38", features = ["macros", "net", "rt", "signal"] }
 tokio-util = { version = "0.7", features = ["compat"] }
 tower = "0.4"
 tower-http = { version = "0.5.1", features = ["cors"] }
diff --git a/examples/chat/Cargo.toml b/examples/chat/Cargo.toml
index a16c930e5b3..d5daffd006e 100644
--- a/examples/chat/Cargo.toml
+++ b/examples/chat/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.36", features = ["full"] }
+tokio = { version = "1.38", features = ["full"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "tokio", "gossipsub", "mdns", "noise", "macros", "tcp", "yamux", "quic"] }
diff --git a/examples/dcutr/Cargo.toml b/examples/dcutr/Cargo.toml
index 8443e9a59c7..1943ff03295 100644
--- a/examples/dcutr/Cargo.toml
+++ b/examples/dcutr/Cargo.toml
@@ -14,7 +14,7 @@ futures = "0.3.30"
 futures-timer = "3.0"
 libp2p = { path = "../../libp2p", features = [ "dns", "dcutr", "identify", "macros", "noise", "ping", "quic", "relay", "rendezvous", "tcp", "tokio", "yamux"] }
 log = "0.4"
-tokio = { version = "1.36", features = ["macros", "net", "rt", "signal"] }
+tokio = { version = "1.38", features = ["macros", "net", "rt", "signal"] }
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/examples/ipfs-kad/Cargo.toml b/examples/ipfs-kad/Cargo.toml
index 5581728794e..8a93d9d9b39 100644
--- a/examples/ipfs-kad/Cargo.toml
+++ b/examples/ipfs-kad/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.36", features = ["rt-multi-thread", "macros"] }
+tokio = { version = "1.38", features = ["rt-multi-thread", "macros"] }
 async-trait = "0.1"
 clap = { version = "4.4.16", features = ["derive"] }
 env_logger = "0.10"
diff --git a/examples/ipfs-private/Cargo.toml b/examples/ipfs-private/Cargo.toml
index daa68cd8f5a..7200e939b5c 100644
--- a/examples/ipfs-private/Cargo.toml
+++ b/examples/ipfs-private/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.36", features = ["rt-multi-thread", "macros", "io-std"] }
+tokio = { version = "1.38", features = ["rt-multi-thread", "macros", "io-std"] }
 async-trait = "0.1"
 either = "1.9"
 futures = "0.3.30"
diff --git a/examples/ping/Cargo.toml b/examples/ping/Cargo.toml
index db47e4e2d8e..ba104e06886 100644
--- a/examples/ping/Cargo.toml
+++ b/examples/ping/Cargo.toml
@@ -11,7 +11,7 @@ release = false
 [dependencies]
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = ["noise", "ping", "tcp", "tokio", "yamux"] }
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.38.0", features = ["full"] }
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/examples/rendezvous/Cargo.toml b/examples/rendezvous/Cargo.toml
index edd5b8031a4..f37dec7d747 100644
--- a/examples/rendezvous/Cargo.toml
+++ b/examples/rendezvous/Cargo.toml
@@ -13,7 +13,7 @@ async-std = { version = "1.12", features = ["attributes"] }
 async-trait = "0.1"
 futures = "0.3.30"
 libp2p = { path = "../../libp2p", features = [ "async-std", "identify", "macros", "noise", "ping", "rendezvous", "tcp", "tokio", "yamux"] }
-tokio = { version = "1.36", features = ["rt-multi-thread", "macros", "time"] }
+tokio = { version = "1.38", features = ["rt-multi-thread", "macros", "time"] }
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/examples/stream/Cargo.toml b/examples/stream/Cargo.toml
index 37f84e6ed62..929e0831960 100644
--- a/examples/stream/Cargo.toml
+++ b/examples/stream/Cargo.toml
@@ -14,7 +14,7 @@ futures = "0.3.29"
 libp2p = { path = "../../libp2p", features = [ "tokio", "quic"] }
 libp2p-stream = { path = "../../protocols/stream", version = "0.1.0-alpha" }
 rand = "0.8"
-tokio = { version = "1.36", features = ["full"] }
+tokio = { version = "1.38", features = ["full"] }
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/hole-punching-tests/Cargo.toml b/hole-punching-tests/Cargo.toml
index 9e6fb15965d..e7131c62438 100644
--- a/hole-punching-tests/Cargo.toml
+++ b/hole-punching-tests/Cargo.toml
@@ -12,7 +12,7 @@ futures = "0.3.30"
 libp2p = { path = "../libp2p", features = ["tokio", "dcutr", "identify", "macros", "noise", "ping", "relay", "tcp", "yamux", "quic"] }
 tracing = "0.1.37"
 redis = { version = "0.23.0", default-features = false, features = ["tokio-comp"] }
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.38.0", features = ["full"] }
 serde = { version = "1.0.196", features = ["derive"] }
 serde_json = "1.0.113"
 either = "1.9.0"
diff --git a/interop-tests/Cargo.toml b/interop-tests/Cargo.toml
index 81c17e19303..61cb8713537 100644
--- a/interop-tests/Cargo.toml
+++ b/interop-tests/Cargo.toml
@@ -34,7 +34,7 @@ redis = { version = "0.23.3", default-features = false, features = [
 rust-embed = "8.2"
 serde_json = "1"
 thirtyfour = "=0.32.0-rc.8" # https://github.com/stevepryde/thirtyfour/issues/169
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.38.0", features = ["full"] }
 tower-http = { version = "0.5", features = ["cors", "fs", "trace"] }
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
diff --git a/misc/futures-bounded/Cargo.toml b/misc/futures-bounded/Cargo.toml
index 89288b6f70c..20d9f7904d7 100644
--- a/misc/futures-bounded/Cargo.toml
+++ b/misc/futures-bounded/Cargo.toml
@@ -17,7 +17,7 @@ futures-util = { version = "0.3.30" }
 futures-timer = "3.0.2"
 
 [dev-dependencies]
-tokio = { version = "1.36.0", features = ["macros", "rt", "sync"] }
+tokio = { version = "1.38.0", features = ["macros", "rt", "sync"] }
 futures = "0.3.30"
 
 [lints]
diff --git a/protocols/mdns/Cargo.toml b/protocols/mdns/Cargo.toml
index ef273781b78..fd2641d9358 100644
--- a/protocols/mdns/Cargo.toml
+++ b/protocols/mdns/Cargo.toml
@@ -22,7 +22,7 @@ libp2p-identity = { workspace = true }
 rand = "0.8.3"
 smallvec = "1.12.0"
 socket2 = { version = "0.5.5", features = ["all"] }
-tokio = { version = "1.36", default-features = false, features = ["net", "time"], optional = true}
+tokio = { version = "1.38", default-features = false, features = ["net", "time"], optional = true}
 tracing = "0.1.37"
 hickory-proto = { version = "0.24.0", default-features = false, features = ["mdns"] }
 void = "1.0.2"
@@ -37,7 +37,7 @@ libp2p-noise = { workspace = true }
 libp2p-swarm = { workspace = true, features = ["tokio", "async-std"] }
 libp2p-tcp = { workspace = true, features = ["tokio", "async-io"] }
 libp2p-yamux = { workspace = true }
-tokio = { version = "1.36", default-features = false, features = ["macros", "rt", "rt-multi-thread", "time"] }
+tokio = { version = "1.38", default-features = false, features = ["macros", "rt", "rt-multi-thread", "time"] }
 libp2p-swarm-test = { path = "../../swarm-test" }
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
diff --git a/protocols/perf/Cargo.toml b/protocols/perf/Cargo.toml
index 68b1088a42c..884c3021e1c 100644
--- a/protocols/perf/Cargo.toml
+++ b/protocols/perf/Cargo.toml
@@ -31,7 +31,7 @@ serde_json = "1.0"
 thiserror = "1.0"
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
-tokio = { version = "1.36", default-features = false, features = ["macros", "rt", "rt-multi-thread"] }
+tokio = { version = "1.38", default-features = false, features = ["macros", "rt", "rt-multi-thread"] }
 void = "1"
 
 [dev-dependencies]
diff --git a/protocols/rendezvous/Cargo.toml b/protocols/rendezvous/Cargo.toml
index f9272d011e3..335ea188b1b 100644
--- a/protocols/rendezvous/Cargo.toml
+++ b/protocols/rendezvous/Cargo.toml
@@ -37,7 +37,7 @@ libp2p-swarm-test = { path = "../../swarm-test" }
 libp2p-tcp = { workspace = true, features = ["tokio"] }
 libp2p-yamux = { workspace = true }
 rand = "0.8"
-tokio = { version = "1.36", features = [ "rt-multi-thread", "time", "macros", "sync", "process", "fs", "net" ] }
+tokio = { version = "1.38", features = [ "rt-multi-thread", "time", "macros", "sync", "process", "fs", "net" ] }
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 # Passing arguments to the docsrs builder in order to properly document cfg's.
diff --git a/protocols/upnp/Cargo.toml b/protocols/upnp/Cargo.toml
index a9c9a3c8621..e06d109f4b3 100644
--- a/protocols/upnp/Cargo.toml
+++ b/protocols/upnp/Cargo.toml
@@ -16,7 +16,7 @@ futures-timer = "3.0.2"
 igd-next = "0.14.3"
 libp2p-core = { workspace = true }
 libp2p-swarm = { workspace = true }
-tokio = { version = "1.36", default-features = false, features = ["rt"], optional = true }
+tokio = { version = "1.38", default-features = false, features = ["rt"], optional = true }
 tracing = "0.1.37"
 void = "1.0.2"
 
diff --git a/swarm/Cargo.toml b/swarm/Cargo.toml
index a700c1c1c5a..a2512c999a4 100644
--- a/swarm/Cargo.toml
+++ b/swarm/Cargo.toml
@@ -31,7 +31,7 @@ wasm-bindgen-futures = { version = "0.4.41", optional = true }
 
 [target.'cfg(not(any(target_os = "emscripten", target_os = "wasi", target_os = "unknown")))'.dependencies]
 async-std = { version = "1.6.2", optional = true }
-tokio = { version = "1.36", features = ["rt"], optional = true }
+tokio = { version = "1.38", features = ["rt"], optional = true }
 
 [features]
 macros = ["dep:libp2p-swarm-derive"]
@@ -55,7 +55,7 @@ quickcheck = { workspace = true }
 void = "1"
 once_cell = "1.19.0"
 trybuild = "1.0.89"
-tokio = { version = "1.36.0", features = ["time", "rt", "macros", "rt-multi-thread"] }
+tokio = { version = "1.38.0", features = ["time", "rt", "macros", "rt-multi-thread"] }
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [[test]]
diff --git a/transports/pnet/Cargo.toml b/transports/pnet/Cargo.toml
index bdefa76bbd1..d092c436205 100644
--- a/transports/pnet/Cargo.toml
+++ b/transports/pnet/Cargo.toml
@@ -27,7 +27,7 @@ libp2p-tcp = { workspace = true, features = ["tokio"] }
 libp2p-websocket = { workspace = true }
 libp2p-yamux = { workspace = true }
 quickcheck = { workspace = true }
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.38.0", features = ["full"] }
 
 # Passing arguments to the docsrs builder in order to properly document cfg's. 
 # More information: https://docs.rs/about/builds#cross-compiling
diff --git a/transports/quic/Cargo.toml b/transports/quic/Cargo.toml
index b4bf93d6e10..8004069cc90 100644
--- a/transports/quic/Cargo.toml
+++ b/transports/quic/Cargo.toml
@@ -22,7 +22,7 @@ quinn = { version = "0.10.2", default-features = false, features = ["tls-rustls"
 rand = "0.8.5"
 rustls = { version = "0.21.9", default-features = false }
 thiserror = "1.0.57"
-tokio = { version = "1.36.0", default-features = false, features = ["net", "rt", "time"], optional = true }
+tokio = { version = "1.38.0", default-features = false, features = ["net", "rt", "time"], optional = true }
 tracing = "0.1.37"
 socket2 = "0.5.5"
 ring = "0.16.20"
@@ -46,7 +46,7 @@ libp2p-noise = { workspace = true }
 libp2p-tcp = { workspace = true, features = ["async-io"] }
 libp2p-yamux = { workspace = true }
 quickcheck = "1"
-tokio = { version = "1.36.0", features = ["macros", "rt-multi-thread", "time"] }
+tokio = { version = "1.38.0", features = ["macros", "rt-multi-thread", "time"] }
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 [[test]]
diff --git a/transports/tcp/Cargo.toml b/transports/tcp/Cargo.toml
index 515d47d2a5a..b4be6e7b576 100644
--- a/transports/tcp/Cargo.toml
+++ b/transports/tcp/Cargo.toml
@@ -19,7 +19,7 @@ libc = "0.2.153"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
 socket2 = { version = "0.5.5", features = ["all"] }
-tokio = { version = "1.36.0", default-features = false, features = ["net"], optional = true }
+tokio = { version = "1.38.0", default-features = false, features = ["net"], optional = true }
 tracing = "0.1.37"
 
 [features]
@@ -29,7 +29,7 @@ async-io = ["dep:async-io", "if-watch/smol"]
 [dev-dependencies]
 async-std = { version = "1.6.5", features = ["attributes"] }
 libp2p-identity = { workspace = true, features = ["rand"] }
-tokio = { version = "1.36.0", default-features = false, features = ["full"] }
+tokio = { version = "1.38.0", default-features = false, features = ["full"] }
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 # Passing arguments to the docsrs builder in order to properly document cfg's.
diff --git a/transports/tls/Cargo.toml b/transports/tls/Cargo.toml
index 0ca134d418b..1e73fe1067c 100644
--- a/transports/tls/Cargo.toml
+++ b/transports/tls/Cargo.toml
@@ -33,7 +33,7 @@ libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true, features = ["ed25519", "rsa", "secp256k1", "ecdsa", "rand"] }
 libp2p-swarm = { workspace = true, features = ["tokio"] }
 libp2p-yamux = { workspace = true }
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.38.0", features = ["full"] }
 
 # Passing arguments to the docsrs builder in order to properly document cfg's.
 # More information: https://docs.rs/about/builds#cross-compiling
diff --git a/transports/uds/Cargo.toml b/transports/uds/Cargo.toml
index 7b01e0e38d5..e46b0e2c0ef 100644
--- a/transports/uds/Cargo.toml
+++ b/transports/uds/Cargo.toml
@@ -14,7 +14,7 @@ categories = ["network-programming", "asynchronous"]
 async-std = { version = "1.6.2", optional = true }
 libp2p-core = { workspace = true }
 futures = "0.3.30"
-tokio = { version = "1.36", default-features = false, features = ["net"], optional = true }
+tokio = { version = "1.38", default-features = false, features = ["net"], optional = true }
 tracing = "0.1.37"
 
 [dev-dependencies]
diff --git a/transports/webrtc/Cargo.toml b/transports/webrtc/Cargo.toml
index 1bd1bd57a61..b1ade759871 100644
--- a/transports/webrtc/Cargo.toml
+++ b/transports/webrtc/Cargo.toml
@@ -28,7 +28,7 @@ serde = { version = "1.0", features = ["derive"] }
 stun = "0.5"
 thiserror = "1"
 tinytemplate = "1.2"
-tokio = { version = "1.36", features = ["net"], optional = true }
+tokio = { version = "1.38", features = ["net"], optional = true }
 tokio-util = { version = "0.7", features = ["compat"], optional = true }
 tracing = "0.1.37"
 webrtc = { version = "0.9.0", optional = true }
@@ -39,7 +39,7 @@ pem = ["webrtc?/pem"]
 
 [dev-dependencies]
 libp2p-identity = { workspace = true, features = ["rand"] }
-tokio = { version = "1.36", features = ["full"] }
+tokio = { version = "1.38", features = ["full"] }
 quickcheck = "1.0.3"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }