diff --git a/charts/galoy-deps/Chart.lock b/charts/galoy-deps/Chart.lock
index e67b67468e..70e4fb9135 100644
--- a/charts/galoy-deps/Chart.lock
+++ b/charts/galoy-deps/Chart.lock
@@ -13,6 +13,6 @@ dependencies:
   version: 1.5.2
 - name: opentelemetry-collector
   repository: https://open-telemetry.github.io/opentelemetry-helm-charts
-  version: 0.74.1
-digest: sha256:25feac7b7c9b2d31b153a2216a6d79d30e8a4ccc120ffde91103371ab0ea28a6
-generated: "2023-11-21T20:07:28.877003766Z"
+  version: 0.74.2
+digest: sha256:5936c996c41f52eb627878822d470c7ef81808a23ab0a4499aacf6473ff55714
+generated: "2023-11-28T15:44:23.185372046Z"
diff --git a/charts/galoy-deps/Chart.yaml b/charts/galoy-deps/Chart.yaml
index 9cc17ef136..26ebbaee35 100644
--- a/charts/galoy-deps/Chart.yaml
+++ b/charts/galoy-deps/Chart.yaml
@@ -39,5 +39,5 @@ dependencies:
     condition: kubemonkey.enabled
   - name: opentelemetry-collector
     repository: https://open-telemetry.github.io/opentelemetry-helm-charts
-    version: 0.74.1
+    version: 0.74.2
     condition: opentelemetry-collector.enabled