diff --git a/package-lock.json b/package-lock.json
index 707d9c9f..b57751e8 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -24,7 +24,7 @@
         "zod": "^3.23.8"
       },
       "devDependencies": {
-        "@algorandfoundation/algokit-utils": "^7.0.0-beta.7",
+        "@algorandfoundation/algokit-utils": "^8.0.0",
         "@algorandfoundation/algorand-typescript": "file:packages/algo-ts/dist",
         "@commitlint/cli": "^19.6.0",
         "@commitlint/config-conventional": "^19.6.0",
@@ -75,19 +75,19 @@
       }
     },
     "node_modules/@algorandfoundation/algokit-utils": {
-      "version": "7.0.0-beta.7",
-      "resolved": "https://registry.npmjs.org/@algorandfoundation/algokit-utils/-/algokit-utils-7.0.0-beta.7.tgz",
-      "integrity": "sha512-xueS9bYnboF3x4Zp/7mCgkLZQR91b5NOuM6aZawv5ySZ+GrRqqZnThJYcGVSNG5GSlGp1ypkEi3oXeApmwdGCA==",
+      "version": "8.0.0",
+      "resolved": "https://registry.npmjs.org/@algorandfoundation/algokit-utils/-/algokit-utils-8.0.0.tgz",
+      "integrity": "sha512-SIrQpWFJaAbqwN6dMvvEPYxggUjtq2OCpfRLvmBWksJ/Psi2CLdsS3R84vmilszRaLX5C1aRTv0c1rBxYEe3+w==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
         "buffer": "^6.0.3"
       },
       "engines": {
-        "node": ">=18.0"
+        "node": ">=20.0"
       },
       "peerDependencies": {
-        "algosdk": "^2.7.0"
+        "algosdk": "^3.0.0"
       }
     },
     "node_modules/@algorandfoundation/algorand-typescript": {
@@ -3005,27 +3005,26 @@
         "url": "https://github.com/sponsors/epoberezkin"
       }
     },
-    "node_modules/algo-msgpack-with-bigint": {
-      "version": "2.1.1",
-      "resolved": "https://registry.npmjs.org/algo-msgpack-with-bigint/-/algo-msgpack-with-bigint-2.1.1.tgz",
-      "integrity": "sha512-F1tGh056XczEaEAqu7s+hlZUDWwOBT70Eq0lfMpBP2YguSQVyxRbprLq5rELXKQOyOaixTWYhMeMQMzP0U5FoQ==",
+    "node_modules/algorand-msgpack": {
+      "version": "1.1.0",
+      "resolved": "https://registry.npmjs.org/algorand-msgpack/-/algorand-msgpack-1.1.0.tgz",
+      "integrity": "sha512-08k7pBQnkaUB5p+jL7f1TRaUIlTSDE0cesFu1mD7llLao+1cAhtvvZmGE3OnisTd0xOn118QMw74SRqddqaYvw==",
       "dev": true,
       "license": "ISC",
       "peer": true,
       "engines": {
-        "node": ">= 10"
+        "node": ">= 14"
       }
     },
     "node_modules/algosdk": {
-      "version": "2.9.0",
-      "resolved": "https://registry.npmjs.org/algosdk/-/algosdk-2.9.0.tgz",
-      "integrity": "sha512-o0n0nLMbTX6SFQdMUk2/2sy50jmEmZk5OTPYSh2aAeP8DUPxrhjMPfwGsYNvaO+qk75MixC2eWpfA9vygCQ/Mg==",
+      "version": "3.0.0",
+      "resolved": "https://registry.npmjs.org/algosdk/-/algosdk-3.0.0.tgz",
+      "integrity": "sha512-PIKZ/YvbBpCudduug4KSH1CY/pTotI7/ccbUIbXKtcI9Onevl+57E+K5X4ow4gsCdysZ8zVvSLdxuCcXvsmPOw==",
       "dev": true,
       "license": "MIT",
       "peer": true,
       "dependencies": {
-        "algo-msgpack-with-bigint": "^2.1.1",
-        "buffer": "^6.0.3",
+        "algorand-msgpack": "^1.1.0",
         "hi-base32": "^0.5.1",
         "js-sha256": "^0.9.0",
         "js-sha3": "^0.8.0",
diff --git a/package.json b/package.json
index b1f3b6ad..d6b8177a 100644
--- a/package.json
+++ b/package.json
@@ -40,7 +40,7 @@
   "author": "Algorand foundation",
   "license": "MIT",
   "devDependencies": {
-    "@algorandfoundation/algokit-utils": "^7.0.0-beta.7",
+    "@algorandfoundation/algokit-utils": "^8.0.0",
     "@algorandfoundation/algorand-typescript": "file:packages/algo-ts/dist",
     "@commitlint/cli": "^19.6.0",
     "@commitlint/config-conventional": "^19.6.0",