diff --git a/Cargo.lock b/Cargo.lock
index 8365228a..d7c4cba3 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4862,9 +4862,9 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.105"
+version = "1.0.108"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "693151e1ac27563d6dbcec9dee9fbd5da8539b20fa14ad3752b2e6d363ace360"
+checksum = "3d1c7e3eac408d115102c4c24ad393e0821bb3a5df4d506a80f85f7a742a526b"
 dependencies = [
  "itoa",
  "ryu",
diff --git a/air-interpreter/Cargo.toml b/air-interpreter/Cargo.toml
index fec3061f..e8fd0e41 100644
--- a/air-interpreter/Cargo.toml
+++ b/air-interpreter/Cargo.toml
@@ -28,7 +28,7 @@ wasm-bindgen = "=0.2.83"
 
 log = "0.4.20"
 serde = { version = "1.0.190", features = [ "derive", "rc" ] }
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 tracing = "0.1.40"
 # exclude tracing-log feature that interferes with the log crate:
 tracing-subscriber = { version = "0.3.17", default-features = false, features = [ "env-filter", "json", "smallvec", "time", "fmt" ] }
diff --git a/air/Cargo.toml b/air/Cargo.toml
index 0ec49045..46790083 100644
--- a/air/Cargo.toml
+++ b/air/Cargo.toml
@@ -31,7 +31,7 @@ polyplets = { version = "0.5.1", path = "../crates/air-lib/polyplets" }
 fluence-keypair = { version = "0.10.3", default-features = false }
 
 serde = { version = "1.0.190", features = [ "derive", "rc" ] }
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 
 concat-idents = "1.1.5"
 maplit = "1.0.2"
diff --git a/avm/interface/Cargo.toml b/avm/interface/Cargo.toml
index 76370016..0daabf3c 100644
--- a/avm/interface/Cargo.toml
+++ b/avm/interface/Cargo.toml
@@ -21,7 +21,7 @@ polyplets = { version = "0.5.1", path = "../../crates/air-lib/polyplets" }
 
 thiserror = "1.0.50"
 maplit = "1.0.2"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 serde = "1.0.190"
 log = "0.4.20"
 tracing = "0.1.40"
diff --git a/avm/server/Cargo.toml b/avm/server/Cargo.toml
index 2693d055..e1f8ab91 100644
--- a/avm/server/Cargo.toml
+++ b/avm/server/Cargo.toml
@@ -25,7 +25,7 @@ avm-interface = { version = "0.29.2", path = "../../avm/interface" }
 eyre = "0.6.8"
 thiserror = "1.0.50"
 maplit = "1.0.2"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 serde = "1.0.190"
 log = "0.4.20"
 parking_lot = "0.12.1"
diff --git a/crates/air-lib/air-parser/Cargo.toml b/crates/air-lib/air-parser/Cargo.toml
index cb5f3a65..3f52e970 100644
--- a/crates/air-lib/air-parser/Cargo.toml
+++ b/crates/air-lib/air-parser/Cargo.toml
@@ -29,7 +29,7 @@ multimap = "0.9.1"
 
 # TODO: hide serde behind a feature
 serde = { version = "1.0.190", features = ["rc", "derive"] }
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 
 itertools = "0.10.5"
 thiserror = "1.0.50"
diff --git a/crates/air-lib/interpreter-cid/Cargo.toml b/crates/air-lib/interpreter-cid/Cargo.toml
index 112d120e..978f9a9f 100644
--- a/crates/air-lib/interpreter-cid/Cargo.toml
+++ b/crates/air-lib/interpreter-cid/Cargo.toml
@@ -15,5 +15,5 @@ blake3 = "1.5.0"
 cid = { version = "0.10.1", default-features = false, features = ["std"] }
 multihash = { version = "0.18.1", default-features = false, features = ["multihash-impl", "std", "blake3"] }
 serde = { version = "1.0.190", features = ["derive", "rc"] }
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 sha2 = "0.10.7"
diff --git a/crates/air-lib/interpreter-data/Cargo.toml b/crates/air-lib/interpreter-data/Cargo.toml
index 5c0d02a6..3f633c69 100644
--- a/crates/air-lib/interpreter-data/Cargo.toml
+++ b/crates/air-lib/interpreter-data/Cargo.toml
@@ -23,7 +23,7 @@ polyplets = { version = "0.5.1", path = "../polyplets" }
 
 fluence-keypair = { version = "0.10.3", default-features = false }
 serde = {version = "1.0.190", features = ["derive", "rc"]}
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 semver = { version = "1.0.17", features = ["serde"] }
 once_cell = "1.17.1"
 tracing = "0.1.40"
diff --git a/crates/air-lib/interpreter-interface/Cargo.toml b/crates/air-lib/interpreter-interface/Cargo.toml
index 94b0a464..de0ee500 100644
--- a/crates/air-lib/interpreter-interface/Cargo.toml
+++ b/crates/air-lib/interpreter-interface/Cargo.toml
@@ -19,7 +19,7 @@ marine-rs-sdk = {version = "0.10.0", optional = true }
 fluence-it-types = { version = "0.4.1", optional = true }
 
 serde = "1.0.190"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 
 [features]
 default = ["marine"]
diff --git a/crates/air-lib/test-utils/Cargo.toml b/crates/air-lib/test-utils/Cargo.toml
index fc20aa57..e36ae3b1 100644
--- a/crates/air-lib/test-utils/Cargo.toml
+++ b/crates/air-lib/test-utils/Cargo.toml
@@ -27,7 +27,7 @@ marine-rs-sdk = "0.10.0"
 object-pool = "0.5.4"
 once_cell = "1.17.1"
 semver = "1.0.17"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 serde = { version = "1.0.190", features = ["derive"] }
 fluence-keypair = "0.10.3"
 
diff --git a/crates/air-lib/trace-handler/Cargo.toml b/crates/air-lib/trace-handler/Cargo.toml
index 93351d75..00bb8a23 100644
--- a/crates/air-lib/trace-handler/Cargo.toml
+++ b/crates/air-lib/trace-handler/Cargo.toml
@@ -20,7 +20,7 @@ aquavm-air-parser = { version = "0.10.0", path = "../air-parser" }
 polyplets = { version = "0.5.1", path = "../polyplets" }
 
 bimap = "0.6.3"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 log = "0.4.20"
 thiserror = "1.0.50"
 tracing = "0.1.40"
diff --git a/crates/data-store/Cargo.toml b/crates/data-store/Cargo.toml
index 1097b0e0..f01b29c4 100644
--- a/crates/data-store/Cargo.toml
+++ b/crates/data-store/Cargo.toml
@@ -20,4 +20,4 @@ serde = { version = "1.0.190", features = ["derive"] }
 serde_bytes = "0.11.9"
 
 [dev-dependencies]
-serde_json = "1.0.95"
+serde_json = "1.0.108"
diff --git a/crates/testing-framework/Cargo.toml b/crates/testing-framework/Cargo.toml
index a21467ea..4861a89c 100644
--- a/crates/testing-framework/Cargo.toml
+++ b/crates/testing-framework/Cargo.toml
@@ -22,7 +22,7 @@ fluence-keypair = "0.10.1"
 strum = { version="0.24.1", features=["derive"] }
 nom = "7.1.3"
 nom_locate = "4.1.0"
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 regex = "1.10.2"
 air-interpreter-signatures = { version = "0.1.4", path = "../air-lib/interpreter-signatures" }
 
diff --git a/tools/cli/air/Cargo.toml b/tools/cli/air/Cargo.toml
index 53ee7a04..0e15cea2 100644
--- a/tools/cli/air/Cargo.toml
+++ b/tools/cli/air/Cargo.toml
@@ -21,7 +21,7 @@ anyhow = "1.0.75"
 clap = { version = "4.4.7", features = ["derive", "env"] }
 itertools = "0.10.5"
 serde = { version = "1.0.190", features = ["derive"] }
-serde_json = "1.0.95"
+serde_json = "1.0.108"
 tracing = "0.1.40"
 tracing-subscriber = { version = "0.3.17", default-features = false, features = [ "env-filter", "json", "smallvec", "time", "fmt" ] }
 atty = "0.2.14"
diff --git a/tools/wasm/air-near-contract/Cargo.lock b/tools/wasm/air-near-contract/Cargo.lock
index f017e9be..bc5bcdf2 100644
--- a/tools/wasm/air-near-contract/Cargo.lock
+++ b/tools/wasm/air-near-contract/Cargo.lock
@@ -98,6 +98,7 @@ dependencies = [
  "bs58 0.5.0",
  "fluence-keypair",
  "serde",
+ "thiserror",
 ]
 
 [[package]]
@@ -2179,9 +2180,9 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.107"
+version = "1.0.108"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6b420ce6e3d8bd882e9b243c6eed35dbc9a6110c9769e74b584e0d68d1f20c65"
+checksum = "3d1c7e3eac408d115102c4c24ad393e0821bb3a5df4d506a80f85f7a742a526b"
 dependencies = [
  "itoa",
  "ryu",
@@ -2435,11 +2436,10 @@ dependencies = [
 
 [[package]]
 name = "tracing"
-version = "0.1.37"
+version = "0.1.40"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8ce8c33a8d48bd45d624a6e523445fd21ec13d3653cd51f681abf67418f54eb8"
+checksum = "c3523ab5a71916ccf420eebdf5521fcef02141234bbc0b8a49f2fdc4544364ef"
 dependencies = [
- "cfg-if 1.0.0",
  "pin-project-lite",
  "tracing-attributes",
  "tracing-core",
@@ -2447,9 +2447,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.26"
+version = "0.1.27"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5f4f31f56159e98206da9efd823404b79b6ef3143b4a7ab76e67b1751b25a4ab"
+checksum = "34704c8d6ebcbc939824180af020566b01a7c01f80641264eba0999f6c2b6be7"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -2458,9 +2458,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.31"
+version = "0.1.32"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0955b8137a1df6f1a2e9a37d8a6656291ff0297c1a97c24e0d8425fe2312f79a"
+checksum = "c06d3da6113f116aaee68e4d601191614c9053067f9ab7f6edbcb161237daa54"
 dependencies = [
  "once_cell",
 ]
diff --git a/tools/wasm/air-near-contract/Cargo.toml b/tools/wasm/air-near-contract/Cargo.toml
index 33511956..e98a711a 100644
--- a/tools/wasm/air-near-contract/Cargo.toml
+++ b/tools/wasm/air-near-contract/Cargo.toml
@@ -17,7 +17,7 @@ aquavm-air = { path = "../../../air" }
 air-interpreter-interface = { path = "../../../crates/air-lib/interpreter-interface" }
 near-sdk = "4.1.1"
 serde = { version = "1.0.190", features = [ "derive", "rc" ] }
-serde_json = "1.0.61"
+serde_json = "1.0.108"
 hashbrown = { version = "0.14.2", default-features = false }
 
 [profile.release]