diff --git a/Cargo.lock b/Cargo.lock
index b0ec498ce3b99..119ed30facfa2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -742,7 +742,7 @@ version = "0.65.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cfdf7b466f9a4903edc73f95d6d2bcd5baf8ae620638762244d3f60143643cc5"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cexpr",
  "clang-sys",
  "lazy_static",
@@ -763,6 +763,12 @@ version = "1.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bef38d45163c2f1dde094a7dfd33ccf595c92905c8f8f4fdc18d06fb1037718a"
 
+[[package]]
+name = "bitflags"
+version = "2.3.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6776fc96284a0bb647b615056fc496d1fe1644a7ab01829818a6d91cae888b84"
+
 [[package]]
 name = "bitvec"
 version = "1.0.1"
@@ -1196,7 +1202,7 @@ version = "3.2.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4ea181bf566f71cb9a5d17a59e1871af638180a18fb0035c92ae62b705207123"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "clap_lex 0.2.4",
  "indexmap",
  "textwrap",
@@ -1221,7 +1227,7 @@ checksum = "914c8c79fb560f238ef6429439a30023c862f7a28e688c58f7203f12b29970bd"
 dependencies = [
  "anstream",
  "anstyle",
- "bitflags",
+ "bitflags 1.3.2",
  "clap_lex 0.4.1",
  "strsim",
 ]
@@ -1374,23 +1380,24 @@ dependencies = [
 
 [[package]]
 name = "cranelift-bforest"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1277fbfa94bc82c8ec4af2ded3e639d49ca5f7f3c7eeab2c66accd135ece4e70"
+checksum = "e4468480f4c4656daeb370442a6c9949e80c3b5b2d67a1bf2b392eaa3701c165"
 dependencies = [
  "cranelift-entity",
 ]
 
 [[package]]
 name = "cranelift-codegen"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c6e8c31ad3b2270e9aeec38723888fe1b0ace3bea2b06b3f749ccf46661d3220"
+checksum = "bc36143e6187d8cde72588998163521a7dbdb4590e20f610a5d434bdceb3dffb"
 dependencies = [
  "bumpalo",
  "cranelift-bforest",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
+ "cranelift-control",
  "cranelift-entity",
  "cranelift-isle",
  "gimli",
@@ -1403,33 +1410,42 @@ dependencies = [
 
 [[package]]
 name = "cranelift-codegen-meta"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c8ac5ac30d62b2d66f12651f6b606dbdfd9c2cfd0908de6b387560a277c5c9da"
+checksum = "c98d56d92c5e986f4cfb554ba11b7e42a98d87e395f42a487c307ad6969f8f05"
 dependencies = [
  "cranelift-codegen-shared",
 ]
 
 [[package]]
 name = "cranelift-codegen-shared"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dd82b8b376247834b59ed9bdc0ddeb50f517452827d4a11bccf5937b213748b8"
+checksum = "ecd945e9461fdf293633627679d43ce6bfc8ab8f0c7b774af244651adb2b6c36"
+
+[[package]]
+name = "cranelift-control"
+version = "0.96.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2b314acf470dc916c1ee255ad6e7d7377780d5c2a6f6502abe91aa8ef6da7b81"
+dependencies = [
+ "arbitrary",
+]
 
 [[package]]
 name = "cranelift-entity"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "40099d38061b37e505e63f89bab52199037a72b931ad4868d9089ff7268660b0"
+checksum = "cd196a2c0a5c1551961b7d38c651dea82b30a97e1abc60163e2309f021c78fab"
 dependencies = [
  "serde",
 ]
 
 [[package]]
 name = "cranelift-frontend"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "64a25d9d0a0ae3079c463c34115ec59507b4707175454f0eee0891e83e30e82d"
+checksum = "b2160d57eecc988df5d3dc75f8d9b0c4bc0546c24f06f2fbd6e06e9c89f3011a"
 dependencies = [
  "cranelift-codegen",
  "log",
@@ -1439,15 +1455,15 @@ dependencies = [
 
 [[package]]
 name = "cranelift-isle"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80de6a7d0486e4acbd5f9f87ec49912bf4c8fb6aea00087b989685460d4469ba"
+checksum = "c64943f43f5b476e7b07b2b34b772695d3cee05160812294ec358e3d73b4866b"
 
 [[package]]
 name = "cranelift-native"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bb6b03e0e03801c4b3fd8ce0758a94750c07a44e7944cc0ffbf0d3f2e7c79b00"
+checksum = "7e406f5c7483949dcdb268e07cad00076024d64bcfb8e934570b5f8128f5e398"
 dependencies = [
  "cranelift-codegen",
  "libc",
@@ -1456,9 +1472,9 @@ dependencies = [
 
 [[package]]
 name = "cranelift-wasm"
-version = "0.95.1"
+version = "0.96.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ff3220489a3d928ad91e59dd7aeaa8b3de18afb554a6211213673a71c90737ac"
+checksum = "c24a139d2fc43fb4a3a8a7c7851009c9282da0cfe893a38044d26f9a45e1da1e"
 dependencies = [
  "cranelift-codegen",
  "cranelift-entity",
@@ -1809,6 +1825,15 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "debugid"
+version = "0.8.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bef552e6f588e446098f6ba40d89ac146c8c7b64aade83c051ee00bb5d2bc18d"
+dependencies = [
+ "uuid",
+]
+
 [[package]]
 name = "der"
 version = "0.6.1"
@@ -2671,7 +2696,7 @@ name = "frame-support"
 version = "4.0.0-dev"
 dependencies = [
  "assert_matches",
- "bitflags",
+ "bitflags 1.3.2",
  "environmental",
  "frame-metadata",
  "frame-support-procedural",
@@ -3013,6 +3038,19 @@ dependencies = [
  "byteorder",
 ]
 
+[[package]]
+name = "fxprof-processed-profile"
+version = "0.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "27d12c0aed7f1e24276a241aadc4cb8ea9f83000f34bc062b7cc2d51e3b0fabd"
+dependencies = [
+ "bitflags 2.3.1",
+ "debugid",
+ "fxhash",
+ "serde",
+ "serde_json",
+]
+
 [[package]]
 name = "generate-bags"
 version = "4.0.0-dev"
@@ -3115,7 +3153,7 @@ version = "0.16.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ccf7f68c2995f392c49fffb4f95ae2c873297830eb25c6bc4c114ce8f4562acc"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "libc",
  "libgit2-sys",
  "log",
@@ -5117,7 +5155,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d9ea4302b9759a7a88242299225ea3688e63c85ea136371bb6cf94fd674efaab"
 dependencies = [
  "anyhow",
- "bitflags",
+ "bitflags 1.3.2",
  "byteorder",
  "libc",
  "netlink-packet-core",
@@ -5170,7 +5208,7 @@ version = "0.24.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fa52e972a9a719cecb6864fb88568781eb706bac2cd1d4f04a648542dbf78069"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "libc",
  "memoffset 0.6.5",
@@ -5182,7 +5220,7 @@ version = "0.26.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bfdda3d196821d6af13126e40375cdf7da646a96114af134d5f417a9a1dc8e1a"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "libc",
  "memoffset 0.7.1",
@@ -6177,7 +6215,7 @@ version = "4.0.0-dev"
 dependencies = [
  "array-bytes 4.2.0",
  "assert_matches",
- "bitflags",
+ "bitflags 1.3.2",
  "env_logger 0.9.3",
  "environmental",
  "frame-benchmarking",
@@ -6215,7 +6253,7 @@ dependencies = [
 name = "pallet-contracts-primitives"
 version = "7.0.0"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "parity-scale-codec",
  "scale-info",
  "sp-runtime",
@@ -7787,7 +7825,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4b2d323e8ca7996b3e23126511a523f7e62924d93ecd5ae73b333815b0eb3dce"
 dependencies = [
  "autocfg",
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "concurrent-queue",
  "libc",
@@ -8324,7 +8362,7 @@ version = "0.2.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fb5a58c1855b4b6819d59012155603f0b22ad30cad752600aadfcb695265519a"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
 ]
 
 [[package]]
@@ -8333,7 +8371,7 @@ version = "0.3.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "567664f262709473930a4bf9e51bf2ebf3348f2e748ccc50dea20646858f8f29"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
 ]
 
 [[package]]
@@ -8369,12 +8407,13 @@ dependencies = [
 
 [[package]]
 name = "regalloc2"
-version = "0.6.1"
+version = "0.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80535183cae11b149d618fbd3c37e38d7cda589d82d7769e196ca9a9042d7621"
+checksum = "d4a52e724646c6c0800fc456ec43b4165d2f91fba88ceaca06d9e0b400023478"
 dependencies = [
- "fxhash",
+ "hashbrown 0.13.2",
  "log",
+ "rustc-hash",
  "slice-group-by",
  "smallvec",
 ]
@@ -8579,7 +8618,7 @@ version = "0.36.13"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "3a38f9520be93aba504e8ca974197f46158de5dcaa9fa04b57c57cd6a679d658"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "errno",
  "io-lifetimes",
  "libc",
@@ -8593,7 +8632,7 @@ version = "0.37.19"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "acf8729d8542766f1b2cf77eb034d52f40d375bb8b615d0b147089946e16613d"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "errno",
  "io-lifetimes",
  "libc",
@@ -9479,7 +9518,7 @@ version = "0.10.0-dev"
 dependencies = [
  "array-bytes 4.2.0",
  "async-trait",
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "futures",
  "futures-timer",
@@ -10316,7 +10355,7 @@ version = "2.8.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a332be01508d814fed64bf28f798a146d73792121129962fdf335bb3c49a4254"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "core-foundation",
  "core-foundation-sys",
  "libc",
@@ -10875,7 +10914,7 @@ name = "sp-core"
 version = "7.0.0"
 dependencies = [
  "array-bytes 4.2.0",
- "bitflags",
+ "bitflags 1.3.2",
  "blake2",
  "bounded-collections",
  "bs58",
@@ -11525,7 +11564,7 @@ version = "1.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8a2a1c578e98c1c16fc3b8ec1328f7659a500737d7a0c6d625e73e830ff9c1f6"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg_aliases",
  "libc",
  "parking_lot 0.11.2",
@@ -11946,7 +11985,7 @@ version = "0.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d75182f12f490e953596550b65ee31bda7c8e043d9386174b353bda50838c3fd"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "core-foundation",
  "system-configuration-sys",
 ]
@@ -12316,7 +12355,7 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5d1d42a9b3f3ec46ba828e8d376aec14592ea199f70a06a548587ecd1c4ab658"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "futures-core",
  "futures-util",
@@ -13083,9 +13122,9 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.102.0"
+version = "0.103.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "48134de3d7598219ab9eaf6b91b15d8e50d31da76b8519fe4ecfcec2cf35104b"
+checksum = "2c437373cac5ea84f1113d648d51f71751ffbe3d90c00ae67618cf20d0b5ee7b"
 dependencies = [
  "indexmap",
  "url",
@@ -13102,13 +13141,15 @@ dependencies = [
 
 [[package]]
 name = "wasmtime"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f907fdead3153cb9bfb7a93bbd5b62629472dc06dee83605358c64c52ed3dda9"
+checksum = "06b7247e925719e0abcf4ac006d8923ea0da7b098b10ee26315a8254228e0717"
 dependencies = [
  "anyhow",
  "bincode",
+ "bumpalo",
  "cfg-if",
+ "fxprof-processed-profile",
  "indexmap",
  "libc",
  "log",
@@ -13118,6 +13159,7 @@ dependencies = [
  "psm",
  "rayon",
  "serde",
+ "serde_json",
  "target-lexicon",
  "wasmparser",
  "wasmtime-cache",
@@ -13125,23 +13167,23 @@ dependencies = [
  "wasmtime-environ",
  "wasmtime-jit",
  "wasmtime-runtime",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-asm-macros"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d3b9daa7c14cd4fa3edbf69de994408d5f4b7b0959ac13fa69d465f6597f810d"
+checksum = "64d345eb2c21baeab0d82ca432e2763e34fcf0f4987ed2fb54e264db7bd9e7d4"
 dependencies = [
  "cfg-if",
 ]
 
 [[package]]
 name = "wasmtime-cache"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c86437fa68626fe896e5afc69234bb2b5894949083586535f200385adfd71213"
+checksum = "1aff2d708ac848cbb9019272224f87905c1bb59a57707fe65c264d2cc22fa1ab"
 dependencies = [
  "anyhow",
  "base64 0.21.0",
@@ -13149,22 +13191,23 @@ dependencies = [
  "directories-next",
  "file-per-thread-logger",
  "log",
- "rustix 0.36.13",
+ "rustix 0.37.19",
  "serde",
  "sha2 0.10.6",
  "toml 0.5.11",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
  "zstd 0.11.2+zstd.1.5.2",
 ]
 
 [[package]]
 name = "wasmtime-cranelift"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b1cefde0cce8cb700b1b21b6298a3837dba46521affd7b8c38a9ee2c869eee04"
+checksum = "711fed6ab01790b565362f0711bf2b0cb5eb00b7a2b7b4ebc5f47338cc77de03"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
+ "cranelift-control",
  "cranelift-entity",
  "cranelift-frontend",
  "cranelift-native",
@@ -13181,12 +13224,13 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-cranelift-shared"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cd041e382ef5aea1b9fc78442394f1a4f6d676ce457e7076ca4cb3f397882f8b"
+checksum = "35c93e7280aa8da82d4f2a200696a046dfb4d8ad7209eaabffc7b5a6111bd722"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
+ "cranelift-control",
  "cranelift-native",
  "gimli",
  "object",
@@ -13196,9 +13240,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-environ"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a990198cee4197423045235bf89d3359e69bd2ea031005f4c2d901125955c949"
+checksum = "7a0991f22a8fbf0ac3acf3fe52aba274d1d09cf812ccdafbd2da1ee7a6f3a9d9"
 dependencies = [
  "anyhow",
  "cranelift-entity",
@@ -13215,9 +13259,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-jit"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0de48df552cfca1c9b750002d3e07b45772dd033b0b206d5c0968496abf31244"
+checksum = "2c669ed21f3848542b93294bdbb6ead455aa1ff40529911d91ba17c7aca463ec"
 dependencies = [
  "addr2line",
  "anyhow",
@@ -13234,36 +13278,36 @@ dependencies = [
  "wasmtime-jit-debug",
  "wasmtime-jit-icache-coherence",
  "wasmtime-runtime",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-jit-debug"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6e0554b84c15a27d76281d06838aed94e13a77d7bf604bbbaf548aa20eb93846"
+checksum = "f4a31132d113d3e4b479e1e3ae70eb2d4f4dd756a39c7a31fc0ad0f812888604"
 dependencies = [
  "object",
  "once_cell",
- "rustix 0.36.13",
+ "rustix 0.37.19",
 ]
 
 [[package]]
 name = "wasmtime-jit-icache-coherence"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "aecae978b13f7f67efb23bd827373ace4578f2137ec110bbf6a4a7cde4121bbd"
+checksum = "dc5fe8d31a446e3ee2d18c147dd25cc70b552833940f64bc5812ac0177760fe4"
 dependencies = [
  "cfg-if",
  "libc",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-runtime"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "658cf6f325232b6760e202e5255d823da5e348fdea827eff0a2a22319000b441"
+checksum = "9954fa7fe041ffc14a2356bf7e8c9a0861db2b6b1091da5249f3c543ef28c2b8"
 dependencies = [
  "anyhow",
  "cc",
@@ -13276,18 +13320,18 @@ dependencies = [
  "memoffset 0.8.0",
  "paste",
  "rand 0.8.5",
- "rustix 0.36.13",
+ "rustix 0.37.19",
  "wasmtime-asm-macros",
  "wasmtime-environ",
  "wasmtime-jit-debug",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-types"
-version = "8.0.1"
+version = "9.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a4f6fffd2a1011887d57f07654dd112791e872e3ff4a2e626aee8059ee17f06f"
+checksum = "2603d8783ef06a7c5bec5ca9b311796275adf199cfec9138e38c7b0154c003d3"
 dependencies = [
  "cranelift-entity",
  "serde",
@@ -13550,7 +13594,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "93f1db1727772c05cf7a2cfece52c3aca8045ca1e176cd517d323489aa3c6d87"
 dependencies = [
  "async-trait",
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "cc",
  "ipnet",
diff --git a/client/executor/wasmtime/Cargo.toml b/client/executor/wasmtime/Cargo.toml
index f3e5dcd069287..48c0e35769019 100644
--- a/client/executor/wasmtime/Cargo.toml
+++ b/client/executor/wasmtime/Cargo.toml
@@ -19,7 +19,7 @@ libc = "0.2.121"
 
 # When bumping wasmtime do not forget to also bump rustix
 # to exactly the same version as used by wasmtime!
-wasmtime = { version = "8.0.1", default-features = false, features = [
+wasmtime = { version = "9.0.2", default-features = false, features = [
 	"cache",
 	"cranelift",
 	"jitdump",
diff --git a/primitives/wasm-interface/Cargo.toml b/primitives/wasm-interface/Cargo.toml
index 11804d705c20b..c1f84c086e3e3 100644
--- a/primitives/wasm-interface/Cargo.toml
+++ b/primitives/wasm-interface/Cargo.toml
@@ -18,7 +18,7 @@ codec = { package = "parity-scale-codec", version = "3.2.2", default-features =
 impl-trait-for-tuples = "0.2.2"
 log = { version = "0.4.17", optional = true }
 wasmi = { version = "0.13.2", optional = true }
-wasmtime = { version = "8.0.1", default-features = false, optional = true }
+wasmtime = { version = "9.0.2", default-features = false, optional = true }
 anyhow = { version = "1.0.68", optional = true }
 sp-std = { version = "5.0.0", default-features = false, path = "../std" }