diff --git a/Cargo.lock b/Cargo.lock
index 57a81c352ed..863d0352b05 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3602,9 +3602,9 @@ dependencies = [
 
 [[package]]
 name = "mio"
-version = "0.8.8"
+version = "0.8.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "927a765cd3fc26206e66b296465fa9d3e5ab003e651c1b3c060e7956d96b19d2"
+checksum = "3dce281c5e46beae905d4de1870d8b1509a9142b62eedf18b443b011ca8343d0"
 dependencies = [
  "libc",
  "wasi 0.11.0+wasi-snapshot-preview1",
@@ -5709,9 +5709,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.33.0"
+version = "1.34.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4f38200e3ef7995e5ef13baec2f432a6da0aa9ac495b2c0e8f3b7eec2c92d653"
+checksum = "d0c014766411e834f7af5b8f4cf46257aab4036ca95e9d2c144a10f59ad6f5b9"
 dependencies = [
  "backtrace",
  "bytes",
@@ -5738,9 +5738,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-macros"
-version = "2.1.0"
+version = "2.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "630bdcf245f78637c13ec01ffae6187cca34625e8c63150d424b59e55af2675e"
+checksum = "5b8a1e28f2deaa14e508979454cb3a223b10b938b45af148bc0986de36f1923b"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/examples/autonat/Cargo.toml b/examples/autonat/Cargo.toml
index ecf330b7bc8..5cfa11c0aa6 100644
--- a/examples/autonat/Cargo.toml
+++ b/examples/autonat/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.33", features = ["full"] }
+tokio = { version = "1.34", features = ["full"] }
 clap = { version = "4.4.8", features = ["derive"] }
 futures = "0.3.29"
 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 d9084441b14..38407c8b667 100644
--- a/examples/browser-webrtc/Cargo.toml
+++ b/examples/browser-webrtc/Cargo.toml
@@ -27,7 +27,7 @@ axum = "0.6.19"
 libp2p = { path = "../../libp2p", features = [ "ed25519", "macros", "ping", "wasm-bindgen", "tokio"] }
 libp2p-webrtc = { workspace = true, features = ["tokio"] }
 rust-embed = { version = "8.0.0", features = ["include-exclude", "interpolate-folder-path"] }
-tokio = { version = "1.33", features = ["macros", "net", "rt", "signal"] }
+tokio = { version = "1.34", features = ["macros", "net", "rt", "signal"] }
 tokio-util = { version = "0.7", features = ["compat"] }
 tower = "0.4"
 tower-http = { version = "0.4.0", features = ["cors"] }
diff --git a/examples/chat/Cargo.toml b/examples/chat/Cargo.toml
index b5af806501b..9b3561dab48 100644
--- a/examples/chat/Cargo.toml
+++ b/examples/chat/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.33", features = ["full"] }
+tokio = { version = "1.34", features = ["full"] }
 async-trait = "0.1"
 futures = "0.3.29"
 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 08d0332ef0b..c65e2ca91e6 100644
--- a/examples/dcutr/Cargo.toml
+++ b/examples/dcutr/Cargo.toml
@@ -14,7 +14,7 @@ futures = "0.3.29"
 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 = "1.29", features = ["macros", "net", "rt", "signal"] }
+tokio = { version = "1.34", 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 9c53d9c53ae..8c1ecebf022 100644
--- a/examples/ipfs-kad/Cargo.toml
+++ b/examples/ipfs-kad/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.33", features = ["rt-multi-thread", "macros"] }
+tokio = { version = "1.34", features = ["rt-multi-thread", "macros"] }
 async-trait = "0.1"
 clap = { version = "4.4.8", features = ["derive"] }
 env_logger = "0.10"
diff --git a/examples/ipfs-private/Cargo.toml b/examples/ipfs-private/Cargo.toml
index 20cafabe079..97c1ca59368 100644
--- a/examples/ipfs-private/Cargo.toml
+++ b/examples/ipfs-private/Cargo.toml
@@ -9,7 +9,7 @@ license = "MIT"
 release = false
 
 [dependencies]
-tokio = { version = "1.33", features = ["rt-multi-thread", "macros", "io-std"] }
+tokio = { version = "1.34", features = ["rt-multi-thread", "macros", "io-std"] }
 async-trait = "0.1"
 either = "1.9"
 futures = "0.3.29"
diff --git a/examples/ping/Cargo.toml b/examples/ping/Cargo.toml
index 58cee54409e..66d2847cb8f 100644
--- a/examples/ping/Cargo.toml
+++ b/examples/ping/Cargo.toml
@@ -11,7 +11,7 @@ release = false
 [dependencies]
 futures = "0.3.29"
 libp2p = { path = "../../libp2p", features = ["noise", "ping", "tcp", "tokio", "yamux"] }
-tokio = { version = "1.33.0", features = ["full"] }
+tokio = { version = "1.34.0", 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 f20e5f519ae..fbb2ed44a03 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 = "0.3.29"
 libp2p = { path = "../../libp2p", features = [ "async-std", "identify", "macros", "noise", "ping", "rendezvous", "tcp", "tokio", "yamux"] }
-tokio = { version = "1.33", features = ["rt-multi-thread", "macros", "time"] }
+tokio = { version = "1.34", features = ["rt-multi-thread", "macros", "time"] }
 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 9155d3e69a0..a1a191d2e36 100644
--- a/hole-punching-tests/Cargo.toml
+++ b/hole-punching-tests/Cargo.toml
@@ -12,7 +12,7 @@ futures = "0.3.29"
 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 = "1.29.1", features = ["full"] }
+tokio = { version = "1.34.0", features = ["full"] }
 serde = { version = "1.0.192", features = ["derive"] }
 serde_json = "1.0.108"
 either = "1.9.0"
diff --git a/interop-tests/Cargo.toml b/interop-tests/Cargo.toml
index 3caad98dfa2..eba65b782e7 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 = "8.0"
 serde_json = "1"
 thirtyfour = "=0.32.0-rc.8" # https://github.com/stevepryde/thirtyfour/issues/169
-tokio = { version = "1.33.0", features = ["full"] }
+tokio = { version = "1.34.0", features = ["full"] }
 tower-http = { version = "0.4", 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 7b622374b43..b7c4086c87d 100644
--- a/misc/futures-bounded/Cargo.toml
+++ b/misc/futures-bounded/Cargo.toml
@@ -17,7 +17,7 @@ futures-util = { version = "0.3.29" }
 futures-timer = "3.0.2"
 
 [dev-dependencies]
-tokio = { version = "1.33.0", features = ["macros", "rt"] }
+tokio = { version = "1.34.0", features = ["macros", "rt"] }
 
 [lints]
 workspace = true
diff --git a/protocols/mdns/Cargo.toml b/protocols/mdns/Cargo.toml
index cfa37aae6f6..5c495e7cb15 100644
--- a/protocols/mdns/Cargo.toml
+++ b/protocols/mdns/Cargo.toml
@@ -22,7 +22,7 @@ libp2p-identity = { workspace = true }
 rand = "0.8.3"
 smallvec = "1.11.2"
 socket2 = { version = "0.5.5", features = ["all"] }
-tokio = { version = "1.33", default-features = false, features = ["net", "time"], optional = true}
+tokio = { version = "1.34", 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 = "1.33", default-features = false, features = ["macros", "rt", "rt-multi-thread", "time"] }
+tokio = { version = "1.34", 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 ed9d086c8ab..4d001e87d30 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 = "1.33", default-features = false, features = ["macros", "rt", "rt-multi-thread"] }
+tokio = { version = "1.34", 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 c5f1c6e5729..0e9ff88cd72 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 = "1.33", features = [ "rt-multi-thread", "time", "macros", "sync", "process", "fs", "net" ] }
+tokio = { version = "1.34", 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 30d50923009..f00c80aabb3 100644
--- a/protocols/upnp/Cargo.toml
+++ b/protocols/upnp/Cargo.toml
@@ -16,7 +16,7 @@ futures-timer = "3.0.2"
 igd-next = "0.14.2"
 libp2p-core = { workspace = true }
 libp2p-swarm = { workspace = true }
-tokio = { version = "1.33", default-features = false, features = ["rt"], optional = true }
+tokio = { version = "1.34", 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 08cb7c8a161..3b706df6d2b 100644
--- a/swarm/Cargo.toml
+++ b/swarm/Cargo.toml
@@ -30,7 +30,7 @@ wasm-bindgen-futures = { version = "0.4.38", 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 = "1.33", features = ["rt"], optional = true }
+tokio = { version = "1.34", features = ["rt"], optional = true }
 
 [features]
 macros = ["dep:libp2p-swarm-derive"]
@@ -54,7 +54,7 @@ quickcheck = { workspace = true }
 void = "1"
 once_cell = "1.18.0"
 trybuild = "1.0.85"
-tokio = { version = "1.33.0", features = ["time", "rt", "macros", "rt-multi-thread"] }
+tokio = { version = "1.34.0", 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 000cf0eb203..ab23de720e7 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 = "1.33.0", features = ["full"] }
+tokio = { version = "1.34.0", 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 013d2269980..22b241c8d8e 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 = "0.21.8", default-features = false }
 thiserror = "1.0.50"
-tokio = { version = "1.33.0", default-features = false, features = ["net", "rt", "time"], optional = true }
+tokio = { version = "1.34.0", 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 = "1.33.0", features = ["macros", "rt-multi-thread", "time"] }
+tokio = { version = "1.34.0", 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 5bf9eee54cd..3974459cbe4 100644
--- a/transports/tcp/Cargo.toml
+++ b/transports/tcp/Cargo.toml
@@ -19,7 +19,7 @@ libc = "0.2.150"
 libp2p-core = { workspace = true }
 libp2p-identity = { workspace = true }
 socket2 = { version = "0.5.5", features = ["all"] }
-tokio = { version = "1.33.0", default-features = false, features = ["net"], optional = true }
+tokio = { version = "1.34.0", 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 = "1.33.0", default-features = false, features = ["full"] }
+tokio = { version = "1.34.0", 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 3df1674c4b3..196251dcb76 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 = "1.33.0", features = ["full"] }
+tokio = { version = "1.34.0", 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 9d480fd1dbe..bcf7570c44f 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 = "0.3.29"
-tokio = { version = "1.33", default-features = false, features = ["net"], optional = true }
+tokio = { version = "1.34", 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 e8306f7a8ba..7578c9d5257 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 = "1.33", features = ["net"], optional = true }
+tokio = { version = "1.34", 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 = "1.33", features = ["full"] }
+tokio = { version = "1.34", features = ["full"] }
 quickcheck = "1.0.3"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }