diff --git a/crates/cargo-contract/Cargo.toml b/crates/cargo-contract/Cargo.toml
index 44767ec30..8780668c6 100644
--- a/crates/cargo-contract/Cargo.toml
+++ b/crates/cargo-contract/Cargo.toml
@@ -36,12 +36,12 @@ rust_decimal = "1.30"
 
 # dependencies for extrinsics (deploying and calling a contract)
 async-std = { version = "1.12.0", features = ["attributes", "tokio1"] }
-sp-core = "20.0.0"
-sp-runtime = "23.0.0"
-sp-weights = "19.0.0"
-pallet-contracts-primitives = "23.0.0"
+sp-core = "21.0.0"
+sp-runtime = "24.0.0"
+sp-weights = "20.0.0"
+pallet-contracts-primitives = "24.0.0"
 scale-info = "2.8.0"
-subxt = "0.28.0"
+subxt = "0.29.0"
 hex = "0.4.3"
 jsonrpsee = { version = "0.18.2", features = ["ws-client"] }
 
diff --git a/crates/cargo-contract/src/cmd/extrinsics/call.rs b/crates/cargo-contract/src/cmd/extrinsics/call.rs
index c4de2a244..3f956cb04 100644
--- a/crates/cargo-contract/src/cmd/extrinsics/call.rs
+++ b/crates/cargo-contract/src/cmd/extrinsics/call.rs
@@ -168,7 +168,7 @@ impl CallCommand {
         input_data: Vec<u8>,
         client: &Client,
         signer: &PairSigner,
-    ) -> Result<ContractExecResult<Balance>> {
+    ) -> Result<ContractExecResult<Balance, ()>> {
         let url = self.extrinsic_opts.url_to_string();
         let token_metadata = TokenMetadata::query(client).await?;
         let storage_deposit_limit = self
diff --git a/crates/cargo-contract/src/cmd/extrinsics/error.rs b/crates/cargo-contract/src/cmd/extrinsics/error.rs
index 6a8cdb74b..b960c643f 100644
--- a/crates/cargo-contract/src/cmd/extrinsics/error.rs
+++ b/crates/cargo-contract/src/cmd/extrinsics/error.rs
@@ -37,9 +37,9 @@ impl From<subxt::Error> for ErrorVariant {
                     .details()
                     .map(|details| {
                         ErrorVariant::Module(ModuleError {
-                            pallet: details.pallet().to_string(),
-                            error: details.error().to_string(),
-                            docs: details.docs().to_vec(),
+                            pallet: details.pallet.name().to_string(),
+                            error: details.variant.name.to_string(),
+                            docs: details.variant.docs.clone(),
                         })
                     })
                     .unwrap_or_else(|err| {
@@ -91,11 +91,15 @@ impl ErrorVariant {
     ) -> anyhow::Result<ErrorVariant> {
         match error {
             DispatchError::Module(err) => {
-                let details = metadata.error(err.index, err.error[0])?;
+                let pallet = metadata.pallet_by_index_err(err.index)?;
+                let variant =
+                    pallet.error_variant_by_index(err.error[0]).ok_or_else(|| {
+                        anyhow::anyhow!("Error variant {} not found", err.error[0])
+                    })?;
                 Ok(ErrorVariant::Module(ModuleError {
-                    pallet: details.pallet().to_owned(),
-                    error: details.error().to_owned(),
-                    docs: details.docs().to_owned(),
+                    pallet: pallet.name().to_string(),
+                    error: variant.name.to_owned(),
+                    docs: variant.docs.to_owned(),
                 }))
             }
             err => {
diff --git a/crates/cargo-contract/src/cmd/extrinsics/events.rs b/crates/cargo-contract/src/cmd/extrinsics/events.rs
index 4ef8df822..df8b9ec44 100644
--- a/crates/cargo-contract/src/cmd/extrinsics/events.rs
+++ b/crates/cargo-contract/src/cmd/extrinsics/events.rs
@@ -90,18 +90,20 @@ impl DisplayEvents {
     ) -> Result<DisplayEvents> {
         let mut events: Vec<Event> = vec![];
 
-        let runtime_metadata = subxt_metadata.runtime_metadata();
-        let events_transcoder = TranscoderBuilder::new(&runtime_metadata.types)
+        let events_transcoder = TranscoderBuilder::new(subxt_metadata.types())
             .with_default_custom_type_transcoders()
             .done();
 
         for event in result.iter() {
             let event = event?;
-            tracing::debug!("displaying event {:?}", event);
+            tracing::debug!(
+                "displaying event {}:{}",
+                event.pallet_name(),
+                event.variant_name()
+            );
 
-            let event_metadata =
-                subxt_metadata.event(event.pallet_index(), event.variant_index())?;
-            let event_fields = event_metadata.fields();
+            let event_metadata = event.event_metadata();
+            let event_fields = &event_metadata.variant.fields;
 
             let mut event_entry = Event {
                 pallet: event.pallet_name().to_string(),
@@ -136,7 +138,7 @@ impl DisplayEvents {
                         });
 
                     let decoded_field = events_transcoder.decode(
-                        &runtime_metadata.types,
+                        subxt_metadata.types(),
                         field_metadata.ty.id,
                         event_data,
                     )?;
diff --git a/crates/cargo-contract/src/cmd/extrinsics/instantiate.rs b/crates/cargo-contract/src/cmd/extrinsics/instantiate.rs
index 7dfd68cab..f81cd400b 100644
--- a/crates/cargo-contract/src/cmd/extrinsics/instantiate.rs
+++ b/crates/cargo-contract/src/cmd/extrinsics/instantiate.rs
@@ -364,8 +364,9 @@ impl Exec {
 
     async fn instantiate_dry_run(
         &self,
-    ) -> Result<ContractInstantiateResult<<DefaultConfig as Config>::AccountId, Balance>>
-    {
+    ) -> Result<
+        ContractInstantiateResult<<DefaultConfig as Config>::AccountId, Balance, ()>,
+    > {
         let storage_deposit_limit = self.args.storage_deposit_limit;
         let call_request = InstantiateRequest {
             origin: self.signer.account_id().clone(),
diff --git a/crates/cargo-contract/src/cmd/extrinsics/mod.rs b/crates/cargo-contract/src/cmd/extrinsics/mod.rs
index b89d47ade..411960f43 100644
--- a/crates/cargo-contract/src/cmd/extrinsics/mod.rs
+++ b/crates/cargo-contract/src/cmd/extrinsics/mod.rs
@@ -327,7 +327,7 @@ pub const MAX_KEY_COL_WIDTH: usize = STORAGE_DEPOSIT_KEY.len() + 1;
 
 /// Print to stdout the fields of the result of a `instantiate` or `call` dry-run via RPC.
 pub fn display_contract_exec_result<R, const WIDTH: usize>(
-    result: &ContractResult<R, Balance>,
+    result: &ContractResult<R, Balance, ()>,
 ) -> Result<()> {
     let mut debug_message_lines = std::str::from_utf8(&result.debug_message)
         .context("Error decoding UTF8 debug message bytes")?
@@ -352,7 +352,7 @@ pub fn display_contract_exec_result<R, const WIDTH: usize>(
 }
 
 pub fn display_contract_exec_result_debug<R, const WIDTH: usize>(
-    result: &ContractResult<R, Balance>,
+    result: &ContractResult<R, Balance, ()>,
 ) -> Result<()> {
     let mut debug_message_lines = std::str::from_utf8(&result.debug_message)
         .context("Error decoding UTF8 debug message bytes")?
diff --git a/crates/cargo-contract/src/cmd/runtime_api/contracts_runtime.scale b/crates/cargo-contract/src/cmd/runtime_api/contracts_runtime.scale
index 363ec4a0e..54dcb1a36 100644
Binary files a/crates/cargo-contract/src/cmd/runtime_api/contracts_runtime.scale and b/crates/cargo-contract/src/cmd/runtime_api/contracts_runtime.scale differ
diff --git a/crates/cargo-contract/src/cmd/runtime_api/mod.rs b/crates/cargo-contract/src/cmd/runtime_api/mod.rs
index 1a652e546..3a2c34ccb 100644
--- a/crates/cargo-contract/src/cmd/runtime_api/mod.rs
+++ b/crates/cargo-contract/src/cmd/runtime_api/mod.rs
@@ -19,7 +19,7 @@
 #[subxt::subxt(
     runtime_metadata_path = "src/cmd/runtime_api/contracts_runtime.scale",
     substitute_type(
-        type = "sp_weights::weight_v2::Weight",
+        path = "sp_weights::weight_v2::Weight",
         with = "::subxt::utils::Static<::sp_weights::Weight>"
     )
 )]