diff --git a/Cargo.lock b/Cargo.lock
index e5019d8255331..d89680116ebf1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1715,6 +1715,39 @@ version = "1.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a3e368af43e418a04d52505cf3dbc23dda4e3407ae2fa99fd0e4f308ce546acc"
 
+[[package]]
+name = "cached"
+version = "0.48.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "355face540df58778b96814c48abb3c2ed67c4878a8087ab1819c1fedeec505f"
+dependencies = [
+ "ahash 0.8.6",
+ "cached_proc_macro",
+ "cached_proc_macro_types",
+ "hashbrown 0.14.3",
+ "instant",
+ "once_cell",
+ "thiserror",
+]
+
+[[package]]
+name = "cached_proc_macro"
+version = "0.19.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9d52f526f7cbc875b296856ca8c964a9f6290556922c303a8a3883e3c676e6a1"
+dependencies = [
+ "darling 0.14.4",
+ "proc-macro2 1.0.78",
+ "quote 1.0.35",
+ "syn 1.0.109",
+]
+
+[[package]]
+name = "cached_proc_macro_types"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ade8366b8bd5ba243f0a58f036cc0ca8a2f069cff1a2351ef1cac6b083e16fc0"
+
 [[package]]
 name = "cargo_toml"
 version = "0.18.0"
@@ -1819,9 +1852,9 @@ dependencies = [
 
 [[package]]
 name = "chrono"
-version = "0.4.31"
+version = "0.4.33"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7f2c685bad3eb3d45a01354cedb7d5faa66194d1d58ba6e267a8de788f79db38"
+checksum = "9f13690e35a5e4ace198e7beea2895d29f3a9cc55015fcebe6336bd2010af9eb"
 dependencies = [
  "android-tzdata",
  "iana-time-zone",
@@ -1829,7 +1862,7 @@ dependencies = [
  "num-traits",
  "serde",
  "wasm-bindgen",
- "windows-targets 0.48.5",
+ "windows-targets 0.52.0",
 ]
 
 [[package]]
@@ -2517,6 +2550,16 @@ dependencies = [
  "darling_macro 0.13.4",
 ]
 
+[[package]]
+name = "darling"
+version = "0.14.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7b750cb3417fd1b327431a470f388520309479ab0bf5e323505daf0290cd3850"
+dependencies = [
+ "darling_core 0.14.4",
+ "darling_macro 0.14.4",
+]
+
 [[package]]
 name = "darling"
 version = "0.20.3"
@@ -2541,6 +2584,20 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "darling_core"
+version = "0.14.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "109c1ca6e6b7f82cc233a97004ea8ed7ca123a9af07a8230878fcfda9b158bf0"
+dependencies = [
+ "fnv",
+ "ident_case",
+ "proc-macro2 1.0.78",
+ "quote 1.0.35",
+ "strsim 0.10.0",
+ "syn 1.0.109",
+]
+
 [[package]]
 name = "darling_core"
 version = "0.20.3"
@@ -2566,6 +2623,17 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "darling_macro"
+version = "0.14.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a4aab4dbc9f7611d8b55048a3a16d2d010c2c8334e46304b40ac1cc14bf3b48e"
+dependencies = [
+ "darling_core 0.14.4",
+ "quote 1.0.35",
+ "syn 1.0.109",
+]
+
 [[package]]
 name = "darling_macro"
 version = "0.20.3"
@@ -9619,6 +9687,7 @@ name = "vdev"
 version = "0.1.0"
 dependencies = [
  "anyhow",
+ "cached",
  "chrono",
  "clap 4.4.18",
  "clap-verbosity-flag",
diff --git a/Cargo.toml b/Cargo.toml
index 6f8165ac1bc5a..596b463fabe03 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -122,6 +122,7 @@ members = [
 ]
 
 [workspace.dependencies]
+chrono = { version = "0.4.33", default-features = false, features = ["clock", "serde"] }
 pin-project = { version = "1.1.4", default-features = false }
 clap = { version = "4.4.18", default-features = false, features = ["derive", "error-context", "env", "help", "std", "string", "usage", "wrap_help"] }
 vrl = { version = "0.9.1", features = ["arbitrary", "cli", "test", "test_framework"] }
@@ -244,7 +245,7 @@ bloomy  = { version = "1.2.0", default-features = false, optional = true }
 bollard = { version = "0.15.0", default-features = false, features = ["ssl", "chrono"], optional = true }
 bytes = { version = "1.5.0", default-features = false, features = ["serde"] }
 bytesize = { version = "1.3.0", default-features = false }
-chrono = { version = "0.4.31", default-features = false, features = ["serde"] }
+chrono.workspace = true
 chrono-tz = { version = "0.8.5", default-features = false }
 cidr-utils = { version = "0.6.1", default-features = false }
 colored = { version = "2.1.0", default-features = false }
diff --git a/lib/codecs/Cargo.toml b/lib/codecs/Cargo.toml
index cd497819be4c7..2dbd70dd3c177 100644
--- a/lib/codecs/Cargo.toml
+++ b/lib/codecs/Cargo.toml
@@ -12,7 +12,7 @@ path = "tests/bin/generate-avro-fixtures.rs"
 [dependencies]
 apache-avro = { version = "0.16.0", default-features = false }
 bytes = { version = "1", default-features = false }
-chrono = { version = "0.4", default-features = false }
+chrono.workspace = true
 csv-core = { version = "0.1.10", default-features = false }
 derivative = { version = "2", default-features = false }
 dyn-clone = { version = "1", default-features = false }
diff --git a/lib/enrichment/Cargo.toml b/lib/enrichment/Cargo.toml
index eef4bcd716685..e88d71a6e2a73 100644
--- a/lib/enrichment/Cargo.toml
+++ b/lib/enrichment/Cargo.toml
@@ -7,6 +7,6 @@ publish = false
 
 [dependencies]
 arc-swap = { version = "1.6.0", default-features = false }
-chrono = { version = "0.4.31", default-features = false }
+chrono.workspace = true
 dyn-clone = { version = "1.0.16", default-features = false }
 vrl.workspace = true
diff --git a/lib/fakedata/Cargo.toml b/lib/fakedata/Cargo.toml
index ef8b8455ca6fb..cdd6824ec8c75 100644
--- a/lib/fakedata/Cargo.toml
+++ b/lib/fakedata/Cargo.toml
@@ -7,6 +7,6 @@ publish = false
 license = "MPL-2.0"
 
 [dependencies]
-chrono = "0.4.31"
+chrono.workspace = true
 fakedata_generator = "0.4.0"
 rand = "0.8.5"
diff --git a/lib/loki-logproto/Cargo.toml b/lib/loki-logproto/Cargo.toml
index d5b788445020d..f7b8bb28ad29f 100644
--- a/lib/loki-logproto/Cargo.toml
+++ b/lib/loki-logproto/Cargo.toml
@@ -14,7 +14,7 @@ bytes = { version = "1.5.0", default-features = false }
 snap = { version = "1.1.1", default-features = false }
 
 [dev-dependencies]
-chrono = "0.4"
+chrono.workspace = true
 
 [build-dependencies]
 prost-build = { version = "0.12" }
diff --git a/lib/opentelemetry-proto/Cargo.toml b/lib/opentelemetry-proto/Cargo.toml
index 8817a97fa074a..e106bea46ad44 100644
--- a/lib/opentelemetry-proto/Cargo.toml
+++ b/lib/opentelemetry-proto/Cargo.toml
@@ -11,7 +11,7 @@ tonic-build = { version = "0.10", default-features = false, features = ["prost",
 
 [dependencies]
 bytes = { version = "1.5.0", default-features = false, features = ["serde"] }
-chrono = { version = "0.4.31", default-features = false, features = ["serde"] }
+chrono.workspace = true
 hex = { version = "0.4.3", default-features = false, features = ["std"] }
 lookup = { package = "vector-lookup", path = "../vector-lookup", default-features = false }
 ordered-float = { version = "4.2.0", default-features = false }
diff --git a/lib/vector-api-client/Cargo.toml b/lib/vector-api-client/Cargo.toml
index 5cf8e5fee776e..164f8ab41257a 100644
--- a/lib/vector-api-client/Cargo.toml
+++ b/lib/vector-api-client/Cargo.toml
@@ -29,7 +29,7 @@ reqwest = { version = "0.11.23", default-features = false, features = ["json"] }
 tokio-tungstenite = { version = "0.20.1", default-features = false, features = ["connect", "rustls"] }
 
 # External libs
-chrono = { version = "0.4.31", default-features = false, features = ["serde"] }
+chrono.workspace = true
 clap.workspace = true
 url = { version = "2.5.0", default-features = false }
 uuid = { version = "1", default-features = false, features = ["serde", "v4"] }
diff --git a/lib/vector-common/Cargo.toml b/lib/vector-common/Cargo.toml
index 9d361142053af..66a377c19d064 100644
--- a/lib/vector-common/Cargo.toml
+++ b/lib/vector-common/Cargo.toml
@@ -17,11 +17,10 @@ default = [
 
 btreemap = []
 
-byte_size_of = ["dep:bytes", "dep:chrono"]
+byte_size_of = ["dep:bytes"]
 
 conversion = [
   "dep:bytes",
-  "dep:chrono",
   "dep:snafu",
 ]
 
@@ -44,7 +43,7 @@ tokenize = [
 async-stream = "0.3.5"
 bytes = { version = "1.5.0", default-features = false, optional = true }
 chrono-tz = { version = "0.8.5", default-features = false, features = ["serde"] }
-chrono = { version = "0.4", default-features = false, optional = true, features = ["clock"] }
+chrono.workspace = true
 crossbeam-utils = { version = "0.8.19", default-features = false }
 derivative = { version = "2.2.0", default-features = false }
 futures = { version = "0.3.30", default-features = false, features = ["std"] }
diff --git a/lib/vector-config/Cargo.toml b/lib/vector-config/Cargo.toml
index f3ab8f1c32e1c..197198d0fd815 100644
--- a/lib/vector-config/Cargo.toml
+++ b/lib/vector-config/Cargo.toml
@@ -11,7 +11,7 @@ name = "integration"
 path = "tests/integration/lib.rs"
 
 [dependencies]
-chrono = { version = "0.4.31", default-features = false }
+chrono.workspace = true
 chrono-tz = { version = "0.8.5", default-features = false }
 encoding_rs = { version = "0.8", default-features = false, features = ["alloc", "serde"] }
 indexmap = { version = "2.1.0", default-features = false, features = ["std"] }
diff --git a/lib/vector-core/Cargo.toml b/lib/vector-core/Cargo.toml
index 45808c825b3bb..66ddea280b128 100644
--- a/lib/vector-core/Cargo.toml
+++ b/lib/vector-core/Cargo.toml
@@ -10,7 +10,7 @@ async-graphql = { version = "7.0.1", default-features = false, features = ["play
 async-trait = { version = "0.1", default-features = false }
 bitmask-enum = { version = "2.2.3", default-features = false }
 bytes = { version = "1.5.0", default-features = false, features = ["serde"] }
-chrono = { version = "0.4.31", default-features = false, features = ["serde"] }
+chrono.workspace = true
 crossbeam-utils = { version = "0.8.19", default-features = false }
 db-key = { version = "0.0.5", default-features = false, optional = true }
 dyn-clone = { version = "1.0.16", default-features = false }
diff --git a/lib/vector-vrl/tests/Cargo.toml b/lib/vector-vrl/tests/Cargo.toml
index 383580c1c73df..15cd6681d676c 100644
--- a/lib/vector-vrl/tests/Cargo.toml
+++ b/lib/vector-vrl/tests/Cargo.toml
@@ -11,7 +11,7 @@ vrl.workspace = true
 vector-vrl-functions = { path = "../../vector-vrl/functions" }
 
 ansi_term = "0.12"
-chrono = "0.4"
+chrono.workspace = true
 chrono-tz = "0.8"
 clap.workspace = true
 glob = "0.3"
diff --git a/vdev/Cargo.toml b/vdev/Cargo.toml
index f0b17b88c8340..2d9828a5f399f 100644
--- a/vdev/Cargo.toml
+++ b/vdev/Cargo.toml
@@ -9,7 +9,8 @@ publish = false
 
 [dependencies]
 anyhow = "1.0.79"
-chrono = { version = "0.4.31", default-features = false, features = ["serde", "clock"] }
+cached = "0.48.0"
+chrono.workspace = true
 clap.workspace = true
 clap-verbosity-flag = "2.1.2"
 clap_complete = "4.4.9"