diff --git a/go.mod b/go.mod
index 996ce002..586f70d9 100644
--- a/go.mod
+++ b/go.mod
@@ -219,11 +219,11 @@ require (
 	github.com/zondax/ledger-go v0.14.3 // indirect
 	go.etcd.io/bbolt v1.3.10 // indirect
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.58.0 // indirect
-	go.opentelemetry.io/otel v1.33.0
+	go.opentelemetry.io/otel v1.34.0
 	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.27.0 // indirect
-	go.opentelemetry.io/otel/metric v1.33.0 // indirect
-	go.opentelemetry.io/otel/sdk v1.31.0
-	go.opentelemetry.io/otel/trace v1.33.0
+	go.opentelemetry.io/otel/metric v1.34.0 // indirect
+	go.opentelemetry.io/otel/sdk v1.34.0
+	go.opentelemetry.io/otel/trace v1.34.0
 	go.opentelemetry.io/proto/otlp v1.2.0 // indirect
 	go.uber.org/multierr v1.11.0 // indirect
 	go.uber.org/zap v1.27.0 // indirect
diff --git a/go.sum b/go.sum
index 23e0b3be..feea810d 100644
--- a/go.sum
+++ b/go.sum
@@ -1332,22 +1332,22 @@ go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.4
 go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.49.0/go.mod h1:Mjt1i1INqiaoZOMGR1RIUJN+i3ChKoFRqzrRQhlkbs0=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.58.0 h1:yd02MEjBdJkG3uabWP9apV+OuWRIXGDuJEUJbOHmCFU=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.58.0/go.mod h1:umTcuxiv1n/s/S6/c2AT/g2CQ7u5C59sHDNmfSwgz7Q=
-go.opentelemetry.io/otel v1.33.0 h1:/FerN9bax5LoK51X/sI0SVYrjSE0/yUL7DpxW4K3FWw=
-go.opentelemetry.io/otel v1.33.0/go.mod h1:SUUkR6csvUQl+yjReHu5uM3EtVV7MBm5FHKRlNx4I8I=
+go.opentelemetry.io/otel v1.34.0 h1:zRLXxLCgL1WyKsPVrgbSdMN4c0FMkDAskSTQP+0hdUY=
+go.opentelemetry.io/otel v1.34.0/go.mod h1:OWFPOQ+h4G8xpyjgqo4SxJYdDQ/qmRH+wivy7zzx9oI=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.27.0 h1:R9DE4kQ4k+YtfLI2ULwX82VtNQ2J8yZmA7ZIF/D+7Mc=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.27.0/go.mod h1:OQFyQVrDlbe+R7xrEyDr/2Wr67Ol0hRUgsfA+V5A95s=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.27.0 h1:QY7/0NeRPKlzusf40ZE4t1VlMKbqSNT7cJRYzWuja0s=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.27.0/go.mod h1:HVkSiDhTM9BoUJU8qE6j2eSWLLXvi1USXjyd2BXT8PY=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.27.0 h1:/0YaXu3755A/cFbtXp+21lkXgI0QE5avTWA2HjU9/WE=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.27.0/go.mod h1:m7SFxp0/7IxmJPLIY3JhOcU9CoFzDaCPL6xxQIxhA+o=
-go.opentelemetry.io/otel/metric v1.33.0 h1:r+JOocAyeRVXD8lZpjdQjzMadVZp2M4WmQ+5WtEnklQ=
-go.opentelemetry.io/otel/metric v1.33.0/go.mod h1:L9+Fyctbp6HFTddIxClbQkjtubW6O9QS3Ann/M82u6M=
-go.opentelemetry.io/otel/sdk v1.31.0 h1:xLY3abVHYZ5HSfOg3l2E5LUj2Cwva5Y7yGxnSW9H5Gk=
-go.opentelemetry.io/otel/sdk v1.31.0/go.mod h1:TfRbMdhvxIIr/B2N2LQW2S5v9m3gOQ/08KsbbO5BPT0=
+go.opentelemetry.io/otel/metric v1.34.0 h1:+eTR3U0MyfWjRDhmFMxe2SsW64QrZ84AOhvqS7Y+PoQ=
+go.opentelemetry.io/otel/metric v1.34.0/go.mod h1:CEDrp0fy2D0MvkXE+dPV7cMi8tWZwX3dmaIhwPOaqHE=
+go.opentelemetry.io/otel/sdk v1.34.0 h1:95zS4k/2GOy069d321O8jWgYsW3MzVV+KuSPKp7Wr1A=
+go.opentelemetry.io/otel/sdk v1.34.0/go.mod h1:0e/pNiaMAqaykJGKbi+tSjWfNNHMTxoC9qANsCzbyxU=
 go.opentelemetry.io/otel/sdk/metric v1.31.0 h1:i9hxxLJF/9kkvfHppyLL55aW7iIJz4JjxTeYusH7zMc=
 go.opentelemetry.io/otel/sdk/metric v1.31.0/go.mod h1:CRInTMVvNhUKgSAMbKyTMxqOBC0zgyxzW55lZzX43Y8=
-go.opentelemetry.io/otel/trace v1.33.0 h1:cCJuF7LRjUFso9LPnEAHJDB2pqzp+hbO8eu1qqW2d/s=
-go.opentelemetry.io/otel/trace v1.33.0/go.mod h1:uIcdVUZMpTAmz0tI1z04GoVSezK37CbGV4fr1f2nBck=
+go.opentelemetry.io/otel/trace v1.34.0 h1:+ouXS2V8Rd4hp4580a8q23bg0azF2nI8cqLYnC8mh/k=
+go.opentelemetry.io/otel/trace v1.34.0/go.mod h1:Svm7lSjQD7kG7KJ/MUHPVXSDGz2OX4h0M2jHBhmSfRE=
 go.opentelemetry.io/proto/otlp v0.7.0/go.mod h1:PqfVotwruBrMGOCsRd/89rSnXhoiJIqeYNgFYFoEGnI=
 go.opentelemetry.io/proto/otlp v1.2.0 h1:pVeZGk7nXDC9O2hncA6nHldxEjm6LByfA2aN8IOkz94=
 go.opentelemetry.io/proto/otlp v1.2.0/go.mod h1:gGpR8txAl5M03pDhMC79G6SdqNV26naRm/KDsgaHD8A=