diff --git a/services/indexer/Cargo.toml b/services/indexer/Cargo.toml
index 2f6d51df..e9af9d46 100644
--- a/services/indexer/Cargo.toml
+++ b/services/indexer/Cargo.toml
@@ -14,22 +14,22 @@ path = "src/main.rs"
 
 [dependencies]
 # Web framework
-axum = "0.7"
+axum = "0.8"
 tokio = { version = "1", features = ["full"] }
-tower = "0.4"
-tower-http = { version = "0.5", features = ["trace", "cors"] }
-tower_governor = "0.3"
+tower = "0.5"
+tower-http = { version = "0.7", features = ["trace", "cors"] }
+tower_governor = "0.8"
 serde = { version = "1", features = ["derive"] }
 serde_json = "1"
 
 # Database
-sqlx = { version = "0.8", features = ["runtime-tokio", "postgres", "chrono", "uuid", "json"] }
+sqlx = { version = "0.9", features = ["runtime-tokio", "postgres", "chrono", "uuid", "json"] }
 chrono = { version = "0.4", features = ["serde"] }
 uuid = { version = "1", features = ["v4", "serde"] }
-base64 = "0.22"
+base64 = "0.23"
 
 # Error handling
-thiserror = "1"
+thiserror = "2"
 anyhow = "1"
 
 # Async trait support
@@ -40,17 +40,17 @@ tracing = "0.1"
 tracing-subscriber = { version = "0.3", features = ["env-filter"] }
 
 # Metrics
-metrics = "0.22"
-metrics-exporter-prometheus = { version = "0.13", default-features = false, features = ["http-listener"] }
+metrics = "0.24"
+metrics-exporter-prometheus = { version = "0.18", default-features = false, features = ["http-listener"] }
 
 # Environment
 dotenvy = "0.15"
-stellar-xdr = { version = "22.2.0", features = ["curr"] }
+stellar-xdr = { version = "27.0.0", features = ["curr"] }
 reqwest = { version = "0.13.3", features = ["json"] }
 
 [dev-dependencies]
-sqlx = { version = "0.8", features = ["runtime-tokio", "postgres", "chrono", "uuid", "json", "macros"] }
-tower = { version = "0.4", features = ["full"] }
+sqlx = { version = "0.9", features = ["runtime-tokio", "postgres", "chrono", "uuid", "json", "macros"] }
+tower = { version = "0.5", features = ["full"] }
 http-body-util = "0.1"
 hyper = { version = "1.0", features = ["full"] }
 wiremock = "0.6.5"