diff --git a/Cargo.lock b/Cargo.lock
index 556b7dbe..0bf37862 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -393,12 +393,6 @@ version = "0.13.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9e1b586273c5702936fe7b7d6896644d8be71e6314cfe09d3167c95f712589e8"
 
-[[package]]
-name = "base64"
-version = "0.21.7"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d297deb1925b89f2ccc13d7635fa0714f12c87adce1c75356b39ca9b7178567"
-
 [[package]]
 name = "base64"
 version = "0.22.1"
@@ -2925,19 +2919,18 @@ checksum = "d8adc4bb1803a324070e64a98ae98f38934d91957a99cfb3a43dcbc01bc56439"
 
 [[package]]
 name = "libp2p"
-version = "0.53.2"
+version = "0.54.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "681fb3f183edfbedd7a57d32ebe5dcdc0b9f94061185acf3c30249349cc6fc99"
+checksum = "bbbe80f9c7e00526cd6b838075b9c171919404a4732cb2fa8ece0a093223bfc4"
 dependencies = [
  "bytes",
  "either",
  "futures",
  "futures-timer",
  "getrandom 0.2.15",
- "instant",
  "libp2p-allow-block-list",
  "libp2p-connection-limits",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-dns",
  "libp2p-gossipsub",
  "libp2p-identify",
@@ -2961,11 +2954,11 @@ dependencies = [
 
 [[package]]
 name = "libp2p-allow-block-list"
-version = "0.3.0"
+version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "107b238b794cb83ab53b74ad5dcf7cca3200899b72fe662840cfb52f5b0a32e6"
+checksum = "d1027ccf8d70320ed77e984f273bc8ce952f623762cb9bf2d126df73caef8041"
 dependencies = [
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "void",
@@ -2973,11 +2966,11 @@ dependencies = [
 
 [[package]]
 name = "libp2p-connection-limits"
-version = "0.3.1"
+version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c7cd50a78ccfada14de94cbacd3ce4b0138157f376870f13d3a8422cd075b4fd"
+checksum = "8d003540ee8baef0d254f7b6bfd79bac3ddf774662ca0abf69186d517ef82ad8"
 dependencies = [
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "void",
@@ -3011,16 +3004,44 @@ dependencies = [
  "web-time",
 ]
 
+[[package]]
+name = "libp2p-core"
+version = "0.42.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a61f26c83ed111104cd820fe9bc3aaabbac5f1652a1d213ed6e900b7918a1298"
+dependencies = [
+ "either",
+ "fnv",
+ "futures",
+ "futures-timer",
+ "libp2p-identity",
+ "multiaddr",
+ "multihash",
+ "multistream-select",
+ "once_cell",
+ "parking_lot 0.12.3",
+ "pin-project",
+ "quick-protobuf",
+ "rand 0.8.5",
+ "rw-stream-sink",
+ "smallvec",
+ "thiserror",
+ "tracing",
+ "unsigned-varint 0.8.0",
+ "void",
+ "web-time",
+]
+
 [[package]]
 name = "libp2p-dns"
-version = "0.41.1"
+version = "0.42.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d17cbcf7160ff35c3e8e560de4a068fe9d6cb777ea72840e48eb76ff9576c4b6"
+checksum = "97f37f30d5c7275db282ecd86e54f29dd2176bd3ac656f06abf43bedb21eb8bd"
 dependencies = [
  "async-trait",
  "futures",
  "hickory-resolver",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "parking_lot 0.12.3",
  "smallvec",
@@ -3029,12 +3050,12 @@ dependencies = [
 
 [[package]]
 name = "libp2p-gossipsub"
-version = "0.46.1"
+version = "0.47.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d665144a616dadebdc5fff186b1233488cdcd8bfb1223218ff084b6d052c94f7"
+checksum = "b4e830fdf24ac8c444c12415903174d506e1e077fbe3875c404a78c5935a8543"
 dependencies = [
  "asynchronous-codec 0.7.0",
- "base64 0.21.7",
+ "base64 0.22.1",
  "byteorder",
  "bytes",
  "either",
@@ -3043,8 +3064,7 @@ dependencies = [
  "futures-ticker",
  "getrandom 0.2.15",
  "hex_fmt",
- "instant",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "prometheus-client",
@@ -3056,20 +3076,21 @@ dependencies = [
  "smallvec",
  "tracing",
  "void",
+ "web-time",
 ]
 
 [[package]]
 name = "libp2p-identify"
-version = "0.44.2"
+version = "0.45.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b5d635ebea5ca0c3c3e77d414ae9b67eccf2a822be06091b9c1a0d13029a1e2f"
+checksum = "1711b004a273be4f30202778856368683bd9a83c4c7dcc8f848847606831a4e3"
 dependencies = [
  "asynchronous-codec 0.7.0",
  "either",
  "futures",
  "futures-bounded",
  "futures-timer",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "lru 0.12.4",
@@ -3103,15 +3124,15 @@ dependencies = [
 
 [[package]]
 name = "libp2p-mdns"
-version = "0.45.1"
+version = "0.46.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "49007d9a339b3e1d7eeebc4d67c05dbf23d300b7d091193ec2d3f26802d7faf2"
+checksum = "14b8546b6644032565eb29046b42744aee1e9f261ed99671b2c93fb140dba417"
 dependencies = [
  "data-encoding",
  "futures",
  "hickory-proto",
  "if-watch",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "rand 0.8.5",
@@ -3124,19 +3145,19 @@ dependencies = [
 
 [[package]]
 name = "libp2p-metrics"
-version = "0.14.1"
+version = "0.15.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fdac91ae4f291046a3b2660c039a2830c931f84df2ee227989af92f7692d3357"
+checksum = "77ebafa94a717c8442d8db8d3ae5d1c6a15e30f2d347e0cd31d057ca72e42566"
 dependencies = [
  "futures",
- "instant",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identify",
  "libp2p-identity",
  "libp2p-ping",
  "libp2p-swarm",
  "pin-project",
  "prometheus-client",
+ "web-time",
 ]
 
 [[package]]
@@ -3148,7 +3169,7 @@ dependencies = [
  "asynchronous-codec 0.6.2",
  "bytes",
  "futures",
- "libp2p-core",
+ "libp2p-core 0.41.3",
  "libp2p-identity",
  "nohash-hasher",
  "parking_lot 0.12.3",
@@ -3160,15 +3181,15 @@ dependencies = [
 
 [[package]]
 name = "libp2p-noise"
-version = "0.44.0"
+version = "0.45.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8ecd0545ce077f6ea5434bcb76e8d0fe942693b4380aaad0d34a358c2bd05793"
+checksum = "36b137cb1ae86ee39f8e5d6245a296518912014eaa87427d24e6ff58cfc1b28c"
 dependencies = [
  "asynchronous-codec 0.7.0",
  "bytes",
  "curve25519-dalek",
  "futures",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "multiaddr",
  "multihash",
@@ -3186,33 +3207,33 @@ dependencies = [
 
 [[package]]
 name = "libp2p-ping"
-version = "0.44.1"
+version = "0.45.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a1de5a6cf64fba7f7e8f2102711c9c6c043a8e56b86db8cd306492c517da3fb3"
+checksum = "005a34420359223b974ee344457095f027e51346e992d1e0dcd35173f4cdd422"
 dependencies = [
  "either",
  "futures",
  "futures-timer",
- "instant",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm",
  "rand 0.8.5",
  "tracing",
  "void",
+ "web-time",
 ]
 
 [[package]]
 name = "libp2p-quic"
-version = "0.10.3"
+version = "0.11.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c67296ad4e092e23f92aea3d2bdb6f24eab79c0929ed816dfb460ea2f4567d2b"
+checksum = "46352ac5cd040c70e88e7ff8257a2ae2f891a4076abad2c439584a31c15fd24e"
 dependencies = [
  "bytes",
  "futures",
  "futures-timer",
  "if-watch",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-tls",
  "parking_lot 0.12.3",
@@ -3228,17 +3249,16 @@ dependencies = [
 
 [[package]]
 name = "libp2p-swarm"
-version = "0.44.2"
+version = "0.45.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80cae6cb75f89dbca53862f9ebe0b9f463aa7b302762fcfaafb9e51dcc9b0f7e"
+checksum = "d7dd6741793d2c1fb2088f67f82cf07261f25272ebe3c0b0c311e0c6b50e851a"
 dependencies = [
  "either",
  "fnv",
  "futures",
  "futures-timer",
  "getrandom 0.2.15",
- "instant",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "libp2p-swarm-derive",
  "lru 0.12.4",
@@ -3250,13 +3270,14 @@ dependencies = [
  "tracing",
  "void",
  "wasm-bindgen-futures",
+ "web-time",
 ]
 
 [[package]]
 name = "libp2p-swarm-derive"
-version = "0.34.2"
+version = "0.35.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5daceb9dd908417b6dfcfe8e94098bc4aac54500c282e78120b885dadc09b999"
+checksum = "206e0aa0ebe004d778d79fb0966aa0de996c19894e2c0605ba2f8524dd4443d8"
 dependencies = [
  "heck 0.5.0",
  "proc-macro2",
@@ -3266,15 +3287,15 @@ dependencies = [
 
 [[package]]
 name = "libp2p-tcp"
-version = "0.41.0"
+version = "0.42.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8b2460fc2748919adff99ecbc1aab296e4579e41f374fb164149bd2c9e529d4c"
+checksum = "ad964f312c59dcfcac840acd8c555de8403e295d39edf96f5240048b5fcaa314"
 dependencies = [
  "futures",
  "futures-timer",
  "if-watch",
  "libc",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "socket2",
  "tokio",
@@ -3283,13 +3304,13 @@ dependencies = [
 
 [[package]]
 name = "libp2p-tls"
-version = "0.4.1"
+version = "0.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "72b7b831e55ce2aa6c354e6861a85fdd4dd0a2b97d5e276fabac0e4810a71776"
+checksum = "47b23dddc2b9c355f73c1e36eb0c3ae86f7dc964a3715f0731cfad352db4d847"
 dependencies = [
  "futures",
  "futures-rustls",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "rcgen",
  "ring 0.17.8",
@@ -3302,14 +3323,14 @@ dependencies = [
 
 [[package]]
 name = "libp2p-upnp"
-version = "0.2.2"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cccf04b0e3ff3de52d07d5fd6c3b061d0e7f908ffc683c32d9638caedce86fc8"
+checksum = "01bf2d1b772bd3abca049214a3304615e6a36fa6ffc742bdd1ba774486200b8f"
 dependencies = [
  "futures",
  "futures-timer",
  "igd-next",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-swarm",
  "tokio",
  "tracing",
@@ -3318,14 +3339,14 @@ dependencies = [
 
 [[package]]
 name = "libp2p-websocket"
-version = "0.43.2"
+version = "0.44.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "85b953b6803a1f3161a989538974d72511c4e48a4af355337b6fb90723c56c05"
+checksum = "888b2ff2e5d8dcef97283daab35ad1043d18952b65e05279eecbe02af4c6e347"
 dependencies = [
  "either",
  "futures",
  "futures-rustls",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "libp2p-identity",
  "parking_lot 0.12.3",
  "pin-project-lite",
@@ -3339,14 +3360,14 @@ dependencies = [
 
 [[package]]
 name = "libp2p-websocket-websys"
-version = "0.3.3"
+version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f95cd8a32fcf94ad1e5c2de37c2a05a5a4188d8358b005859a0fc9e63b6953bc"
+checksum = "38cf9b429dd07be52cd82c4c484b1694df4209210a7db3b9ffb00c7606e230c8"
 dependencies = [
  "bytes",
  "futures",
  "js-sys",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "parking_lot 0.12.3",
  "send_wrapper 0.6.0",
  "thiserror",
@@ -3357,13 +3378,13 @@ dependencies = [
 
 [[package]]
 name = "libp2p-yamux"
-version = "0.45.2"
+version = "0.46.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ddd5265f6b80f94d48a3963541aad183cc598a645755d2f1805a373e41e0716b"
+checksum = "788b61c80789dba9760d8c669a5bedb642c8267555c803fabd8396e4ca5c5882"
 dependencies = [
  "either",
  "futures",
- "libp2p-core",
+ "libp2p-core 0.42.0",
  "thiserror",
  "tracing",
  "yamux 0.12.1",
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 4a7fed08..3241965a 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -35,7 +35,7 @@ bytes = "1.7.1"
 chrono = "0.4.38"
 exocore-protos = {version = "0.1.26", path = "../protos"}
 futures = { version = "0.3.30", features = ["async-await"] }
-libp2p = { version = "0.53.2", features = ["noise", "secp256k1"], default-features = false }
+libp2p = { version = "0.54.1", features = ["noise", "secp256k1"], default-features = false }
 libp2p-identity = { version = "0.2.9", features = ["secp256k1", "ed25519"], default-features = false }
 log = "0.4.22"
 log4rs = { version = "1.3.0", optional = true }
diff --git a/transport/Cargo.toml b/transport/Cargo.toml
index d71b68de..93e0dcb2 100644
--- a/transport/Cargo.toml
+++ b/transport/Cargo.toml
@@ -25,7 +25,7 @@ exocore-core = {version = "0.1.26", path = "../core"}
 exocore-protos = {version = "0.1.26", path = "../protos"}
 futures = "0.3.30"
 hyper = {version = "0.14.30", features = ["full"], optional = true}
-libp2p = {version = "0.53.2", optional = true, default-features = false, features = ["noise", "websocket", "yamux", "ping", "identify", "macros", "tokio", "dns"]}
+libp2p = {version = "0.54.1", optional = true, default-features = false, features = ["noise", "websocket", "yamux", "ping", "identify", "macros", "tokio", "dns"]}
 libp2p-identity = { version = "0.2.9", features = ["secp256k1", "ed25519"], default-features = false }
 libp2p-mplex = {version = "0.41.0", optional = true}
 log = "0.4.22"