diff --git a/tools/package-lock.json b/tools/package-lock.json
index 6cb4f139..a1a36664 100644
--- a/tools/package-lock.json
+++ b/tools/package-lock.json
@@ -8,12 +8,12 @@
       "name": "@bifrost-platform/bifrost-node",
       "version": "1.3.0",
       "dependencies": {
-        "@polkadot/api": "10.11.2",
-        "axios": "1.6.5",
+        "@polkadot/api": "^10.13.1",
+        "axios": "^1.7.5",
         "bignumber.js": "9.1.2",
-        "gauge": "5.0.1",
+        "gauge": "^5.0.2",
         "shelljs": "0.8.5",
-        "web3": "4.3.0",
+        "web3": "^4.12.1",
         "yargs": "17.7.2"
       },
       "devDependencies": {
@@ -26,9 +26,10 @@
       }
     },
     "node_modules/@adraffy/ens-normalize": {
-      "version": "1.10.0",
-      "resolved": "https://registry.npmjs.org/@adraffy/ens-normalize/-/ens-normalize-1.10.0.tgz",
-      "integrity": "sha512-nA9XHtlAkYfJxY7bce8DcN7eKxWWCWkU+1GR9d+U6MbNpfwQp8TI7vqOsBsMcHoT4mBu2kypKoSKnghEzOOq5Q=="
+      "version": "1.10.1",
+      "resolved": "https://registry.npmjs.org/@adraffy/ens-normalize/-/ens-normalize-1.10.1.tgz",
+      "integrity": "sha512-96Z2IP3mYmF1Xg2cDm8f1gWGf/HUVedQ3FMifV4kG/PQ4yEP51xDtRAEfhVNt5f/uzpNkZHwWQuUcu6D6K+Ekw==",
+      "license": "MIT"
     },
     "node_modules/@cspotcode/source-map-support": {
       "version": "0.8.1",
@@ -46,6 +47,7 @@
       "version": "4.0.1",
       "resolved": "https://registry.npmjs.org/@ethereumjs/rlp/-/rlp-4.0.1.tgz",
       "integrity": "sha512-tqsQiBQDQdmPWE1xkkBq4rlSW5QZpLOUJ5RJh2/9fug+q9tnUhuZoVLk7s0scUIKTOzEtR72DFBXI4WiZcMpvw==",
+      "license": "MPL-2.0",
       "bin": {
         "rlp": "bin/rlp"
       },
@@ -79,11 +81,27 @@
       }
     },
     "node_modules/@noble/curves": {
-      "version": "1.3.0",
-      "resolved": "https://registry.npmjs.org/@noble/curves/-/curves-1.3.0.tgz",
-      "integrity": "sha512-t01iSXPuN+Eqzb4eBX0S5oubSqXbK/xXa1Ne18Hj8f9pStxztHCE2gfboSp/dZRLSqfuLpRK2nDXDK+W9puocA==",
+      "version": "1.6.0",
+      "resolved": "https://registry.npmjs.org/@noble/curves/-/curves-1.6.0.tgz",
+      "integrity": "sha512-TlaHRXDehJuRNR9TfZDNQ45mMEd5dwUwmicsafcIX4SsNiqnCHKjE/1alYPd/lDRVhxdhUAlv8uEhMCI5zjIJQ==",
+      "license": "MIT",
       "dependencies": {
-        "@noble/hashes": "1.3.3"
+        "@noble/hashes": "1.5.0"
+      },
+      "engines": {
+        "node": "^14.21.3 || >=16"
+      },
+      "funding": {
+        "url": "https://paulmillr.com/funding/"
+      }
+    },
+    "node_modules/@noble/curves/node_modules/@noble/hashes": {
+      "version": "1.5.0",
+      "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.5.0.tgz",
+      "integrity": "sha512-1j6kQFb7QRru7eKN3ZDvRcP13rugwdxZqCjbiAVZfIJwgj2A65UmT4TgARXGlXgnRkORLTDTrO19ZErt7+QXgA==",
+      "license": "MIT",
+      "engines": {
+        "node": "^14.21.3 || >=16"
       },
       "funding": {
         "url": "https://paulmillr.com/funding/"
@@ -100,23 +118,92 @@
         "url": "https://paulmillr.com/funding/"
       }
     },
+    "node_modules/@polkadot-api/client": {
+      "version": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
+      "resolved": "https://registry.npmjs.org/@polkadot-api/client/-/client-0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0.tgz",
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+      "optional": true,
+      "dependencies": {
+        "@polkadot-api/metadata-builders": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
+        "@polkadot-api/substrate-bindings": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
+        "@polkadot-api/substrate-client": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
+        "@polkadot-api/utils": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0"
+      },
+      "peerDependencies": {
+        "rxjs": ">=7.8.0"
+      }
+    },
+    "node_modules/@polkadot-api/json-rpc-provider": {
+      "version": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
+      "resolved": "https://registry.npmjs.org/@polkadot-api/json-rpc-provider/-/json-rpc-provider-0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0.tgz",
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+      "license": "MIT",
+      "optional": true
+    },
+    "node_modules/@polkadot-api/json-rpc-provider-proxy": {
+      "version": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
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+      "license": "MIT",
+      "optional": true
+    },
+    "node_modules/@polkadot-api/metadata-builders": {
+      "version": "0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0",
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+      "optional": true,
+      "dependencies": {
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+      "resolved": "https://registry.npmjs.org/@polkadot-api/substrate-bindings/-/substrate-bindings-0.0.1-492c132563ea6b40ae1fc5470dec4cd18768d182.1.0.tgz",
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+      "license": "MIT",
+      "optional": true,
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+        "@scure/base": "^1.1.1",
+        "scale-ts": "^1.6.0"
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+      "license": "MIT",
+      "optional": true
+    },
     "node_modules/@polkadot/api": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/api/-/api-10.11.2.tgz",
-      "integrity": "sha512-AorCZxCWCoTtdbl4DPUZh+ACe/pbLIS1BkdQY0AFJuZllm0x/yWzjgampcPd5jQAA/O3iKShRBkZqj6Mk9yG/A==",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/api/-/api-10.13.1.tgz",
+      "integrity": "sha512-YrKWR4TQR5CDyGkF0mloEUo7OsUA+bdtENpJGOtNavzOQUDEbxFE0PVzokzZfVfHhHX2CojPVmtzmmLxztyJkg==",
+      "license": "Apache-2.0",
       "dependencies": {
-        "@polkadot/api-augment": "10.11.2",
-        "@polkadot/api-base": "10.11.2",
-        "@polkadot/api-derive": "10.11.2",
+        "@polkadot/api-augment": "10.13.1",
+        "@polkadot/api-base": "10.13.1",
+        "@polkadot/api-derive": "10.13.1",
         "@polkadot/keyring": "^12.6.2",
-        "@polkadot/rpc-augment": "10.11.2",
-        "@polkadot/rpc-core": "10.11.2",
-        "@polkadot/rpc-provider": "10.11.2",
-        "@polkadot/types": "10.11.2",
-        "@polkadot/types-augment": "10.11.2",
-        "@polkadot/types-codec": "10.11.2",
-        "@polkadot/types-create": "10.11.2",
-        "@polkadot/types-known": "10.11.2",
+        "@polkadot/rpc-augment": "10.13.1",
+        "@polkadot/rpc-core": "10.13.1",
+        "@polkadot/rpc-provider": "10.13.1",
+        "@polkadot/types": "10.13.1",
+        "@polkadot/types-augment": "10.13.1",
+        "@polkadot/types-codec": "10.13.1",
+        "@polkadot/types-create": "10.13.1",
+        "@polkadot/types-known": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "@polkadot/util-crypto": "^12.6.2",
         "eventemitter3": "^5.0.1",
@@ -128,15 +215,16 @@
       }
     },
     "node_modules/@polkadot/api-augment": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/api-augment/-/api-augment-10.11.2.tgz",
-      "integrity": "sha512-PTpnqpezc75qBqUtgrc0GYB8h9UHjfbHSRZamAbecIVAJ2/zc6CqtnldeaBlIu1IKTgBzi3FFtTyYu+ZGbNT2Q==",
-      "dependencies": {
-        "@polkadot/api-base": "10.11.2",
-        "@polkadot/rpc-augment": "10.11.2",
-        "@polkadot/types": "10.11.2",
-        "@polkadot/types-augment": "10.11.2",
-        "@polkadot/types-codec": "10.11.2",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/api-augment/-/api-augment-10.13.1.tgz",
+      "integrity": "sha512-IAKaCp19QxgOG4HKk9RAgUgC/VNVqymZ2GXfMNOZWImZhxRIbrK+raH5vN2MbWwtVHpjxyXvGsd1RRhnohI33A==",
+      "license": "Apache-2.0",
+      "dependencies": {
+        "@polkadot/api-base": "10.13.1",
+        "@polkadot/rpc-augment": "10.13.1",
+        "@polkadot/types": "10.13.1",
+        "@polkadot/types-augment": "10.13.1",
+        "@polkadot/types-codec": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "tslib": "^2.6.2"
       },
@@ -145,12 +233,13 @@
       }
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     "node_modules/@polkadot/api-base": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/api-base/-/api-base-10.11.2.tgz",
-      "integrity": "sha512-4LIjaUfO9nOzilxo7XqzYKCNMtmUypdk8oHPdrRnSjKEsnK7vDsNi+979z2KXNXd2KFSCFHENmI523fYnMnReg==",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/api-base/-/api-base-10.13.1.tgz",
+      "integrity": "sha512-Okrw5hjtEjqSMOG08J6qqEwlUQujTVClvY1/eZkzKwNzPelWrtV6vqfyJklB7zVhenlxfxqhZKKcY7zWSW/q5Q==",
+      "license": "Apache-2.0",
       "dependencies": {
-        "@polkadot/rpc-core": "10.11.2",
-        "@polkadot/types": "10.11.2",
+        "@polkadot/rpc-core": "10.13.1",
+        "@polkadot/types": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "rxjs": "^7.8.1",
         "tslib": "^2.6.2"
@@ -160,16 +249,17 @@
       }
     },
     "node_modules/@polkadot/api-derive": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/api-derive/-/api-derive-10.11.2.tgz",
-      "integrity": "sha512-m3BQbPionkd1iSlknddxnL2hDtolPIsT+aRyrtn4zgMRPoLjHFmTmovvg8RaUyYofJtZeYrnjMw0mdxiSXx7eA==",
-      "dependencies": {
-        "@polkadot/api": "10.11.2",
-        "@polkadot/api-augment": "10.11.2",
-        "@polkadot/api-base": "10.11.2",
-        "@polkadot/rpc-core": "10.11.2",
-        "@polkadot/types": "10.11.2",
-        "@polkadot/types-codec": "10.11.2",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/api-derive/-/api-derive-10.13.1.tgz",
+      "integrity": "sha512-ef0H0GeCZ4q5Om+c61eLLLL29UxFC2/u/k8V1K2JOIU+2wD5LF7sjAoV09CBMKKHfkLenRckVk2ukm4rBqFRpg==",
+      "license": "Apache-2.0",
+      "dependencies": {
+        "@polkadot/api": "10.13.1",
+        "@polkadot/api-augment": "10.13.1",
+        "@polkadot/api-base": "10.13.1",
+        "@polkadot/rpc-core": "10.13.1",
+        "@polkadot/types": "10.13.1",
+        "@polkadot/types-codec": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "@polkadot/util-crypto": "^12.6.2",
         "rxjs": "^7.8.1",
@@ -183,6 +273,7 @@
       "version": "12.6.2",
       "resolved": "https://registry.npmjs.org/@polkadot/keyring/-/keyring-12.6.2.tgz",
       "integrity": "sha512-O3Q7GVmRYm8q7HuB3S0+Yf/q/EB2egKRRU3fv9b3B7V+A52tKzA+vIwEmNVaD1g5FKW9oB97rmpggs0zaKFqHw==",
+      "license": "Apache-2.0",
       "dependencies": {
         "@polkadot/util": "12.6.2",
         "@polkadot/util-crypto": "12.6.2",
@@ -200,6 +291,7 @@
       "version": "12.6.2",
       "resolved": "https://registry.npmjs.org/@polkadot/networks/-/networks-12.6.2.tgz",
       "integrity": "sha512-1oWtZm1IvPWqvMrldVH6NI2gBoCndl5GEwx7lAuQWGr7eNL+6Bdc5K3Z9T0MzFvDGoi2/CBqjX9dRKo39pDC/w==",
+      "license": "Apache-2.0",
       "dependencies": {
         "@polkadot/util": "12.6.2",
         "@substrate/ss58-registry": "^1.44.0",
@@ -210,13 +302,14 @@
       }
     },
     "node_modules/@polkadot/rpc-augment": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/rpc-augment/-/rpc-augment-10.11.2.tgz",
-      "integrity": "sha512-9AhT0WW81/8jYbRcAC6PRmuxXqNhJje8OYiulBQHbG1DTCcjAfz+6VQBke9BwTStzPq7d526+yyBKD17O3zlAA==",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/rpc-augment/-/rpc-augment-10.13.1.tgz",
+      "integrity": "sha512-iLsWUW4Jcx3DOdVrSHtN0biwxlHuTs4QN2hjJV0gd0jo7W08SXhWabZIf9mDmvUJIbR7Vk+9amzvegjRyIf5+A==",
+      "license": "Apache-2.0",
       "dependencies": {
-        "@polkadot/rpc-core": "10.11.2",
-        "@polkadot/types": "10.11.2",
-        "@polkadot/types-codec": "10.11.2",
+        "@polkadot/rpc-core": "10.13.1",
+        "@polkadot/types": "10.13.1",
+        "@polkadot/types-codec": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "tslib": "^2.6.2"
       },
@@ -225,13 +318,14 @@
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     "node_modules/@polkadot/rpc-core": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/rpc-core/-/rpc-core-10.11.2.tgz",
-      "integrity": "sha512-Ot0CFLWx8sZhLZog20WDuniPA01Bk2StNDsdAQgcFKPwZw6ShPaZQCHuKLQK6I6DodOrem9FXX7c1hvoKJP5Ww==",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/rpc-core/-/rpc-core-10.13.1.tgz",
+      "integrity": "sha512-eoejSHa+/tzHm0vwic62/aptTGbph8vaBpbvLIK7gd00+rT813ROz5ckB1CqQBFB23nHRLuzzX/toY8ID3xrKw==",
+      "license": "Apache-2.0",
       "dependencies": {
-        "@polkadot/rpc-augment": "10.11.2",
-        "@polkadot/rpc-provider": "10.11.2",
-        "@polkadot/types": "10.11.2",
+        "@polkadot/rpc-augment": "10.13.1",
+        "@polkadot/rpc-provider": "10.13.1",
+        "@polkadot/types": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "rxjs": "^7.8.1",
         "tslib": "^2.6.2"
@@ -241,13 +335,14 @@
       }
     },
     "node_modules/@polkadot/rpc-provider": {
-      "version": "10.11.2",
-      "resolved": "https://registry.npmjs.org/@polkadot/rpc-provider/-/rpc-provider-10.11.2.tgz",
-      "integrity": "sha512-he5jWMpDJp7e+vUzTZDzpkB7ps3H8psRally+/ZvZZScPvFEjfczT7I1WWY9h58s8+ImeVP/lkXjL9h/gUOt3Q==",
+      "version": "10.13.1",
+      "resolved": "https://registry.npmjs.org/@polkadot/rpc-provider/-/rpc-provider-10.13.1.tgz",
+      "integrity": "sha512-oJ7tatVXYJ0L7NpNiGd69D558HG5y5ZDmH2Bp9Dd4kFTQIiV8A39SlWwWUPCjSsen9lqSvvprNLnG/VHTpenbw==",
+      "license": "Apache-2.0",
       "dependencies": {
         "@polkadot/keyring": "^12.6.2",
-        "@polkadot/types": "10.11.2",
-        "@polkadot/types-support": "10.11.2",
+        "@polkadot/types": "10.13.1",
+        "@polkadot/types-support": "10.13.1",
         "@polkadot/util": "^12.6.2",
         "@polkadot/util-crypto": "^12.6.2",
         "@polkadot/x-fetch": "^12.6.2",
@@ -255,25 +350,26 @@
         "@polkadot/x-ws": "^12.6.2",
         "eventemitter3": "^5.0.1",
         "mock-socket": "^9.3.1",
-        "nock": "^13.4.0",
+        "nock": "^13.5.0",
         "tslib": "^2.6.2"
       },
       "engines": {
         "node": ">=18"
       },
       "optionalDependencies": {
-        "@substrate/connect": "0.7.35"
+        "@substrate/connect": "0.8.8"
       }
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-        "web3-types": "^1.3.1",
-        "web3-utils": "^4.1.0",
-        "web3-validator": "^2.0.3"
+        "@ethereumjs/rlp": "^5.0.2",
+        "web3-core": "^4.5.1",
+        "web3-errors": "^1.3.0",
+        "web3-eth": "^4.8.2",
+        "web3-eth-abi": "^4.2.3",
+        "web3-types": "^1.7.0",
+        "web3-utils": "^4.3.1",
+        "web3-validator": "^2.0.6"
+      },
+      "dependencies": {
+        "@ethereumjs/rlp": {
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+          "resolved": "https://registry.npmjs.org/@ethereumjs/rlp/-/rlp-5.0.2.tgz",
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-      "resolved": "https://registry.npmjs.org/web3-eth-ens/-/web3-eth-ens-4.0.8.tgz",
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+      "resolved": "https://registry.npmjs.org/web3-eth-ens/-/web3-eth-ens-4.4.0.tgz",
+      "integrity": "sha512-DeyVIS060hNV9g8dnTx92syqvgbvPricE3MerCxe/DquNZT3tD8aVgFfq65GATtpCgDDJffO2bVeHp3XBemnSQ==",
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-        "web3-eth-contract": "^4.1.2",
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-        "web3-types": "^1.3.0",
-        "web3-utils": "^4.0.7",
-        "web3-validator": "^2.0.3"
+        "web3-core": "^4.5.0",
+        "web3-errors": "^1.2.0",
+        "web3-eth": "^4.8.0",
+        "web3-eth-contract": "^4.5.0",
+        "web3-net": "^4.1.0",
+        "web3-types": "^1.7.0",
+        "web3-utils": "^4.3.0",
+        "web3-validator": "^2.0.6"
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     "web3-eth-iban": {
@@ -3624,25 +3961,25 @@
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-      "resolved": "https://registry.npmjs.org/web3-net/-/web3-net-4.0.7.tgz",
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+      "resolved": "https://registry.npmjs.org/web3-net/-/web3-net-4.1.0.tgz",
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-        "web3-rpc-methods": "^1.1.3",
-        "web3-types": "^1.3.0",
-        "web3-utils": "^4.0.7"
+        "web3-core": "^4.4.0",
+        "web3-rpc-methods": "^1.3.0",
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.3.0"
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-      "resolved": "https://registry.npmjs.org/web3-providers-http/-/web3-providers-http-4.1.0.tgz",
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+      "version": "4.2.0",
+      "resolved": "https://registry.npmjs.org/web3-providers-http/-/web3-providers-http-4.2.0.tgz",
+      "integrity": "sha512-IPMnDtHB7dVwaB7/mMxAZzyq7d5ezfO1+Vw0bNfAeIi7gaDlJiggp85SdyAfOgov8AMUA/dyiY72kQ0KmjXKvQ==",
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-        "web3-errors": "^1.1.3",
-        "web3-types": "^1.3.0",
-        "web3-utils": "^4.0.7"
+        "web3-errors": "^1.3.0",
+        "web3-types": "^1.7.0",
+        "web3-utils": "^4.3.1"
       }
     },
     "web3-providers-ipc": {
@@ -3657,53 +3994,67 @@
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     "web3-providers-ws": {
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-      "resolved": "https://registry.npmjs.org/web3-providers-ws/-/web3-providers-ws-4.0.7.tgz",
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+      "version": "4.0.8",
+      "resolved": "https://registry.npmjs.org/web3-providers-ws/-/web3-providers-ws-4.0.8.tgz",
+      "integrity": "sha512-goJdgata7v4pyzHRsg9fSegUG4gVnHZSHODhNnn6J93ykHkBI1nz4fjlGpcQLUMi4jAMz6SHl9Ibzs2jj9xqPw==",
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         "isomorphic-ws": "^5.0.0",
-        "web3-errors": "^1.1.3",
-        "web3-types": "^1.3.0",
-        "web3-utils": "^4.0.7",
-        "ws": "^8.8.1"
+        "web3-errors": "^1.2.0",
+        "web3-types": "^1.7.0",
+        "web3-utils": "^4.3.1",
+        "ws": "^8.17.1"
       }
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     "web3-rpc-methods": {
-      "version": "1.1.4",
-      "resolved": "https://registry.npmjs.org/web3-rpc-methods/-/web3-rpc-methods-1.1.4.tgz",
-      "integrity": "sha512-LTFNg4LFaeU8K9ecuT8fHDp/LOXyxCneeZjCrRYIW1u82Ly52SrY55FIzMIISGoG/iT5Wh7UiHOB3CQsWLBmbQ==",
+      "version": "1.3.0",
+      "resolved": "https://registry.npmjs.org/web3-rpc-methods/-/web3-rpc-methods-1.3.0.tgz",
+      "integrity": "sha512-/CHmzGN+IYgdBOme7PdqzF+FNeMleefzqs0LVOduncSaqsppeOEoskLXb2anSpzmQAP3xZJPaTrkQPWSJMORig==",
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-        "web3-core": "^4.3.2",
-        "web3-types": "^1.3.1",
-        "web3-validator": "^2.0.3"
+        "web3-core": "^4.4.0",
+        "web3-types": "^1.6.0",
+        "web3-validator": "^2.0.6"
+      }
+    },
+    "web3-rpc-providers": {
+      "version": "1.0.0-rc.2",
+      "resolved": "https://registry.npmjs.org/web3-rpc-providers/-/web3-rpc-providers-1.0.0-rc.2.tgz",
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+      "requires": {
+        "web3-errors": "^1.3.0",
+        "web3-providers-http": "^4.2.0",
+        "web3-providers-ws": "^4.0.8",
+        "web3-types": "^1.7.0",
+        "web3-utils": "^4.3.1",
+        "web3-validator": "^2.0.6"
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     "web3-types": {
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-      "resolved": "https://registry.npmjs.org/web3-types/-/web3-types-1.3.1.tgz",
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+      "version": "1.7.0",
+      "resolved": "https://registry.npmjs.org/web3-types/-/web3-types-1.7.0.tgz",
+      "integrity": "sha512-nhXxDJ7a5FesRw9UG5SZdP/C/3Q2EzHGnB39hkAV+YGXDMgwxBXFWebQLfEzZzuArfHnvC0sQqkIHNwSKcVjdA=="
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     "web3-utils": {
-      "version": "4.1.0",
-      "resolved": "https://registry.npmjs.org/web3-utils/-/web3-utils-4.1.0.tgz",
-      "integrity": "sha512-+VJWR6FtCsgwuJr5tvSvQlSEG06586df8h2CxGc9tcNtIDyJKNkSDDWJkdNPvyDhhXFzQYFh8QOGymD1CIP6fw==",
+      "version": "4.3.1",
+      "resolved": "https://registry.npmjs.org/web3-utils/-/web3-utils-4.3.1.tgz",
+      "integrity": "sha512-kGwOk8FxOLJ9DQC68yqNQc7AzN+k9YDLaW+ZjlAXs3qORhf8zXk5SxWAAGLbLykMs3vTeB0FTb1Exut4JEYfFA==",
       "requires": {
         "ethereum-cryptography": "^2.0.0",
-        "web3-errors": "^1.1.4",
-        "web3-types": "^1.3.1",
-        "web3-validator": "^2.0.3"
+        "eventemitter3": "^5.0.1",
+        "web3-errors": "^1.2.0",
+        "web3-types": "^1.7.0",
+        "web3-validator": "^2.0.6"
       }
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     "web3-validator": {
-      "version": "2.0.3",
-      "resolved": "https://registry.npmjs.org/web3-validator/-/web3-validator-2.0.3.tgz",
-      "integrity": "sha512-fJbAQh+9LSNWy+l5Ze6HABreml8fra98o5+vS073T35jUcLbRZ0IOjF/ZPJhJNbJDt+jP1vseZsc3z3uX9mxxQ==",
+      "version": "2.0.6",
+      "resolved": "https://registry.npmjs.org/web3-validator/-/web3-validator-2.0.6.tgz",
+      "integrity": "sha512-qn9id0/l1bWmvH4XfnG/JtGKKwut2Vokl6YXP5Kfg424npysmtRLe9DgiNBM9Op7QL/aSiaA0TVXibuIuWcizg==",
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         "util": "^0.12.5",
-        "web3-errors": "^1.1.3",
-        "web3-types": "^1.3.0",
+        "web3-errors": "^1.2.0",
+        "web3-types": "^1.6.0",
         "zod": "^3.21.4"
       }
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@@ -3757,9 +4108,9 @@
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     "ws": {
-      "version": "8.16.0",
-      "resolved": "https://registry.npmjs.org/ws/-/ws-8.16.0.tgz",
-      "integrity": "sha512-HS0c//TP7Ina87TfiPUz1rQzMhHrl/SG2guqRcTOIUYD2q8uhUdNHZYJUaQ8aTGPzCh+c6oawMKW35nFl1dxyQ==",
+      "version": "8.18.0",
+      "resolved": "https://registry.npmjs.org/ws/-/ws-8.18.0.tgz",
+      "integrity": "sha512-8VbfWfHLbbwu3+N6OKsOMpBdT4kXPDDB9cJk2bJ6mh9ucxdlnNvH1e+roYkKmN9Nxw2yjz7VzeO9oOz2zJ04Pw==",
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     "y18n": {
diff --git a/tools/package.json b/tools/package.json
index 3ada7d65..78389ffb 100644
--- a/tools/package.json
+++ b/tools/package.json
@@ -16,12 +16,12 @@
     "url": "git+https://github.com/bifrost-platform/bifrost-node.git"
   },
   "dependencies": {
-    "@polkadot/api": "10.11.2",
-    "axios": "1.6.5",
+    "@polkadot/api": "10.13.1",
+    "axios": "1.7.5",
     "bignumber.js": "9.1.2",
-    "gauge": "5.0.1",
+    "gauge": "5.0.2",
     "shelljs": "0.8.5",
-    "web3": "4.3.0",
+    "web3": "4.12.1",
     "yargs": "17.7.2"
   },
   "devDependencies": {