diff --git a/Cargo.lock b/Cargo.lock
index ae6af006ad..ec94c78871 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -181,7 +181,7 @@ dependencies = [
  "futures-core",
  "getrandom 0.2.0",
  "instant",
- "pin-project 1.0.1",
+ "pin-project 1.0.7",
  "rand 0.8.3",
  "tokio 1.6.1",
 ]
@@ -1905,7 +1905,7 @@ dependencies = [
  "httparse",
  "httpdate",
  "itoa",
- "pin-project 1.0.1",
+ "pin-project 1.0.7",
  "socket2",
  "tokio 0.2.22",
  "tower-service",
@@ -2798,6 +2798,22 @@ dependencies = [
  "vcpkg",
 ]
 
+[[package]]
+name = "opentelemetry"
+version = "0.13.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b91cea1dfd50064e52db033179952d18c770cbc5dfefc8eba45d619357ba3914"
+dependencies = [
+ "async-trait",
+ "futures 0.3.15",
+ "js-sys",
+ "lazy_static",
+ "percent-encoding 2.1.0",
+ "pin-project 1.0.7",
+ "rand 0.8.3",
+ "thiserror",
+]
+
 [[package]]
 name = "os_str_bytes"
 version = "2.4.0"
@@ -3015,11 +3031,11 @@ dependencies = [
 
 [[package]]
 name = "pin-project"
-version = "1.0.1"
+version = "1.0.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ee41d838744f60d959d7074e3afb6b35c7456d0f61cad38a24e35e6553f73841"
+checksum = "c7509cc106041c40a4518d2af7a61530e1eed0e6285296a3d8c5472806ccc4a4"
 dependencies = [
- "pin-project-internal 1.0.1",
+ "pin-project-internal 1.0.7",
 ]
 
 [[package]]
@@ -3035,9 +3051,9 @@ dependencies = [
 
 [[package]]
 name = "pin-project-internal"
-version = "1.0.1"
+version = "1.0.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "81a4ffa594b66bff340084d4081df649a7dc049ac8d7fc458d8e628bfbbb2f86"
+checksum = "48c950132583b500556b1efd71d45b319029f2b71518d979fcc208e16b42426f"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.6",
@@ -4023,6 +4039,15 @@ dependencies = [
  "opaque-debug 0.3.0",
 ]
 
+[[package]]
+name = "sharded-slab"
+version = "0.0.9"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "06d5a3f5166fb5b42a5439f2eee8b9de149e235961e3eb21c5808fc3ea17ff3e"
+dependencies = [
+ "lazy_static",
+]
+
 [[package]]
 name = "shlex"
 version = "0.1.1"
@@ -6035,30 +6060,33 @@ dependencies = [
 
 [[package]]
 name = "tarpc"
-version = "0.24.1"
+version = "0.26.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e325774dd5b35d979e9f4db2b0f0d7d85dc2ff2b676a3150af56c09eafc14b07"
+checksum = "82cb992a07637db1bcc0e4511d0c58c3f3a03f509d7c6cc2826f7646deac2032"
 dependencies = [
  "anyhow",
  "fnv",
  "futures 0.3.15",
  "humantime",
- "log 0.4.11",
- "pin-project 1.0.1",
- "rand 0.7.3",
+ "opentelemetry",
+ "pin-project 1.0.7",
+ "rand 0.8.3",
  "serde",
  "static_assertions",
  "tarpc-plugins",
+ "thiserror",
  "tokio 1.6.1",
  "tokio-serde",
  "tokio-util 0.6.3",
+ "tracing",
+ "tracing-opentelemetry",
 ]
 
 [[package]]
 name = "tarpc-plugins"
-version = "0.9.0"
+version = "0.11.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f3240378a22b1195734e085ba71d1d4188d50f034aea82635acc430b7005afb5"
+checksum = "ea80818e6c75f81d961d7426c1b938cbea6b3a51533b5ee71b61f82166b7ef3d"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.6",
@@ -6151,6 +6179,15 @@ version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bcbb6aa301e5d3b0b5ef639c9a9c7e2f1c944f177b460c04dc24c69b1fa2bd99"
 
+[[package]]
+name = "thread_local"
+version = "1.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8018d24e04c95ac8790716a5987d0fec4f8b27249ffa0f7d33f1369bdfb88cbd"
+dependencies = [
+ "once_cell",
+]
+
 [[package]]
 name = "time"
 version = "0.1.43"
@@ -6442,9 +6479,8 @@ dependencies = [
  "educe",
  "futures-core",
  "futures-sink",
- "pin-project 1.0.1",
+ "pin-project 1.0.7",
  "serde",
- "serde_json",
 ]
 
 [[package]]
@@ -6580,6 +6616,7 @@ dependencies = [
  "futures-sink",
  "log 0.4.11",
  "pin-project-lite 0.2.4",
+ "slab",
  "tokio 1.6.1",
 ]
 
@@ -6609,7 +6646,7 @@ dependencies = [
  "http-body 0.4.0",
  "hyper 0.14.3",
  "percent-encoding 2.1.0",
- "pin-project 1.0.1",
+ "pin-project 1.0.7",
  "prost",
  "prost-derive",
  "tokio 1.6.1",
@@ -6631,7 +6668,7 @@ dependencies = [
  "futures-core",
  "futures-util",
  "indexmap",
- "pin-project 1.0.1",
+ "pin-project 1.0.7",
  "rand 0.8.3",
  "slab",
  "tokio 1.6.1",
@@ -6655,21 +6692,22 @@ checksum = "e987b6bf443f4b5b3b6f38704195592cca41c5bb7aedd3c3693c7081f8289860"
 
 [[package]]
 name = "tracing"
-version = "0.1.18"
+version = "0.1.26"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f0aae59226cf195d8e74d4b34beae1859257efb4e5fed3f147d2dc2c7d372178"
+checksum = "09adeb8c97449311ccd28a427f96fb563e7fd31aabf994189879d9da2394b89d"
 dependencies = [
- "cfg-if 0.1.10",
+ "cfg-if 1.0.0",
  "log 0.4.11",
+ "pin-project-lite 0.2.4",
  "tracing-attributes",
  "tracing-core",
 ]
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.9"
+version = "0.1.15"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f0693bf8d6f2bf22c690fc61a9d21ac69efdbb894a17ed596b9af0f01e64b84b"
+checksum = "c42e6fa53307c8a17e4ccd4dc81cf5ec38db9209f59b222210375b54ee40d1e2"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.6",
@@ -6678,9 +6716,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.13"
+version = "0.1.18"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d593f98af59ebc017c0648f0117525db358745a8894a8d684e185ba3f45954f9"
+checksum = "a9ff14f98b1a4b289c6248a023c1c2fa1491062964e9fed67ab29c4e4da4a052"
 dependencies = [
  "lazy_static",
 ]
@@ -6695,6 +6733,29 @@ dependencies = [
  "tracing",
 ]
 
+[[package]]
+name = "tracing-opentelemetry"
+version = "0.12.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "99003208b647dae59dcefc49c98aecaa3512fbc29351685d4b9ef23a9218458e"
+dependencies = [
+ "opentelemetry",
+ "tracing",
+ "tracing-core",
+ "tracing-subscriber",
+]
+
+[[package]]
+name = "tracing-subscriber"
+version = "0.2.11"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "abd165311cc4d7a555ad11cc77a37756df836182db0d81aac908c8184c584f40"
+dependencies = [
+ "sharded-slab",
+ "thread_local",
+ "tracing-core",
+]
+
 [[package]]
 name = "traitobject"
 version = "0.1.0"
diff --git a/banks-client/Cargo.toml b/banks-client/Cargo.toml
index 8231258823..05e48b40db 100644
--- a/banks-client/Cargo.toml
+++ b/banks-client/Cargo.toml
@@ -18,7 +18,7 @@ mio = "0.7.11"
 solana-banks-interface = { path = "../banks-interface", version = "=1.8.0" }
 solana-program = { path = "../sdk/program", version = "=1.8.0" }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
-tarpc = { version = "0.24.1", features = ["full"] }
+tarpc = { version = "0.26.2", features = ["full"] }
 tokio = { version = "1", features = ["full"] }
 tokio-serde = { version = "0.8", features = ["bincode"] }
 
diff --git a/banks-client/src/lib.rs b/banks-client/src/lib.rs
index 5a4d36580e..e1b85fa3cb 100644
--- a/banks-client/src/lib.rs
+++ b/banks-client/src/lib.rs
@@ -22,11 +22,10 @@ use solana_sdk::{
 };
 use std::io::{self, Error, ErrorKind};
 use tarpc::{
-    client::{self, channel::RequestDispatch, NewClient},
+    client::{self, NewClient, RequestDispatch},
     context::{self, Context},
-    rpc::{ClientMessage, Response},
     serde_transport::tcp,
-    Transport,
+    ClientMessage, Response, Transport,
 };
 use tokio::{net::ToSocketAddrs, time::Duration};
 use tokio_serde::formats::Bincode;
@@ -300,14 +299,14 @@ where
     C: Transport<ClientMessage<BanksRequest>, Response<BanksResponse>> + Send + 'static,
 {
     Ok(BanksClient {
-        inner: TarpcClient::new(client::Config::default(), transport).spawn()?,
+        inner: TarpcClient::new(client::Config::default(), transport).spawn(),
     })
 }
 
 pub async fn start_tcp_client<T: ToSocketAddrs>(addr: T) -> io::Result<BanksClient> {
     let transport = tcp::connect(addr, Bincode::default).await?;
     Ok(BanksClient {
-        inner: TarpcClient::new(client::Config::default(), transport).spawn()?,
+        inner: TarpcClient::new(client::Config::default(), transport).spawn(),
     })
 }
 
diff --git a/banks-interface/Cargo.toml b/banks-interface/Cargo.toml
index 9b1a30cb0a..027619441f 100644
--- a/banks-interface/Cargo.toml
+++ b/banks-interface/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 mio = "0.7.11"
 serde = { version = "1.0.126", features = ["derive"] }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
-tarpc = { version = "0.24.1", features = ["full"] }
+tarpc = { version = "0.26.2", features = ["full"] }
 
 [dev-dependencies]
 tokio = { version = "1", features = ["full"] }
diff --git a/banks-server/Cargo.toml b/banks-server/Cargo.toml
index 1fa49937fa..d0bf9ef71d 100644
--- a/banks-server/Cargo.toml
+++ b/banks-server/Cargo.toml
@@ -18,7 +18,7 @@ solana-banks-interface = { path = "../banks-interface", version = "=1.8.0" }
 solana-runtime = { path = "../runtime", version = "=1.8.0" }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
 solana-metrics = { path = "../metrics", version = "=1.8.0" }
-tarpc = { version = "0.24.1", features = ["full"] }
+tarpc = { version = "0.26.2", features = ["full"] }
 tokio = { version = "1", features = ["full"] }
 tokio-serde = { version = "0.8", features = ["bincode"] }
 tokio-stream = "0.1"
diff --git a/banks-server/src/banks_server.rs b/banks-server/src/banks_server.rs
index 1f1a303ac2..6b8675d0e2 100644
--- a/banks-server/src/banks_server.rs
+++ b/banks-server/src/banks_server.rs
@@ -1,9 +1,6 @@
 use crate::send_transaction_service::{SendTransactionService, TransactionInfo};
 use bincode::{deserialize, serialize};
-use futures::{
-    future,
-    prelude::stream::{self, StreamExt},
-};
+use futures::{future, prelude::stream::StreamExt};
 use solana_banks_interface::{
     Banks, BanksRequest, BanksResponse, TransactionConfirmationStatus, TransactionStatus,
 };
@@ -30,10 +27,10 @@ use std::{
 };
 use tarpc::{
     context::Context,
-    rpc::{transport::channel::UnboundedChannel, ClientMessage, Response},
     serde_transport::tcp,
-    server::{self, Channel, Handler},
-    transport,
+    server::{self, Channel, Incoming},
+    transport::{self, channel::UnboundedChannel},
+    ClientMessage, Response,
 };
 use tokio::time::sleep;
 use tokio_serde::formats::Bincode;
@@ -252,9 +249,7 @@ pub async fn start_local_server(
 ) -> UnboundedChannel<Response<BanksResponse>, ClientMessage<BanksRequest>> {
     let banks_server = BanksServer::new_loopback(bank_forks, block_commitment_cache);
     let (client_transport, server_transport) = transport::channel::unbounded();
-    let server = server::new(server::Config::default())
-        .incoming(stream::once(future::ready(server_transport)))
-        .respond_with(banks_server.serve());
+    let server = server::BaseChannel::with_defaults(server_transport).execute(banks_server.serve());
     tokio::spawn(server);
     client_transport
 }
@@ -287,7 +282,7 @@ pub async fn start_tcp_server(
 
             let server =
                 BanksServer::new(bank_forks.clone(), block_commitment_cache.clone(), sender);
-            chan.respond_with(server.serve()).execute()
+            chan.execute(server.serve())
         })
         // Max 10 channels.
         .buffer_unordered(10)
diff --git a/programs/bpf/Cargo.lock b/programs/bpf/Cargo.lock
index 0960002dab..35a7d38081 100644
--- a/programs/bpf/Cargo.lock
+++ b/programs/bpf/Cargo.lock
@@ -1941,6 +1941,22 @@ dependencies = [
  "vcpkg",
 ]
 
+[[package]]
+name = "opentelemetry"
+version = "0.13.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b91cea1dfd50064e52db033179952d18c770cbc5dfefc8eba45d619357ba3914"
+dependencies = [
+ "async-trait",
+ "futures 0.3.12",
+ "js-sys",
+ "lazy_static",
+ "percent-encoding",
+ "pin-project",
+ "rand 0.8.2",
+ "thiserror",
+]
+
 [[package]]
 name = "ouroboros"
 version = "0.5.1"
@@ -2667,6 +2683,15 @@ dependencies = [
  "opaque-debug 0.3.0",
 ]
 
+[[package]]
+name = "sharded-slab"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "79c719719ee05df97490f80a45acfc99e5a30ce98a1e4fb67aee422745ae14e3"
+dependencies = [
+ "lazy_static",
+]
+
 [[package]]
 name = "signal-hook-registry"
 version = "1.3.0"
@@ -3816,30 +3841,33 @@ dependencies = [
 
 [[package]]
 name = "tarpc"
-version = "0.24.1"
+version = "0.26.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e325774dd5b35d979e9f4db2b0f0d7d85dc2ff2b676a3150af56c09eafc14b07"
+checksum = "82cb992a07637db1bcc0e4511d0c58c3f3a03f509d7c6cc2826f7646deac2032"
 dependencies = [
  "anyhow",
  "fnv",
  "futures 0.3.12",
  "humantime",
- "log",
+ "opentelemetry",
  "pin-project",
- "rand 0.7.3",
+ "rand 0.8.2",
  "serde",
  "static_assertions",
  "tarpc-plugins",
+ "thiserror",
  "tokio 1.4.0",
  "tokio-serde",
  "tokio-util",
+ "tracing",
+ "tracing-opentelemetry",
 ]
 
 [[package]]
 name = "tarpc-plugins"
-version = "0.9.0"
+version = "0.11.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f3240378a22b1195734e085ba71d1d4188d50f034aea82635acc430b7005afb5"
+checksum = "ea80818e6c75f81d961d7426c1b938cbea6b3a51533b5ee71b61f82166b7ef3d"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.6",
@@ -3917,6 +3945,15 @@ dependencies = [
  "syn 1.0.67",
 ]
 
+[[package]]
+name = "thread_local"
+version = "1.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8018d24e04c95ac8790716a5987d0fec4f8b27249ffa0f7d33f1369bdfb88cbd"
+dependencies = [
+ "once_cell",
+]
+
 [[package]]
 name = "time"
 version = "0.1.43"
@@ -4111,7 +4148,6 @@ dependencies = [
  "futures-sink",
  "pin-project",
  "serde",
- "serde_json",
 ]
 
 [[package]]
@@ -4222,6 +4258,7 @@ dependencies = [
  "futures-sink",
  "log",
  "pin-project-lite 0.2.4",
+ "slab",
  "tokio 1.4.0",
 ]
 
@@ -4247,10 +4284,23 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b0987850db3733619253fe60e17cb59b82d37c7e6c0236bb81e4d6b87c879f27"
 dependencies = [
  "cfg-if 0.1.10",
+ "log",
  "pin-project-lite 0.1.5",
+ "tracing-attributes",
  "tracing-core",
 ]
 
+[[package]]
+name = "tracing-attributes"
+version = "0.1.15"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c42e6fa53307c8a17e4ccd4dc81cf5ec38db9209f59b222210375b54ee40d1e2"
+dependencies = [
+ "proc-macro2 1.0.24",
+ "quote 1.0.6",
+ "syn 1.0.67",
+]
+
 [[package]]
 name = "tracing-core"
 version = "0.1.17"
@@ -4260,6 +4310,29 @@ dependencies = [
  "lazy_static",
 ]
 
+[[package]]
+name = "tracing-opentelemetry"
+version = "0.12.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "99003208b647dae59dcefc49c98aecaa3512fbc29351685d4b9ef23a9218458e"
+dependencies = [
+ "opentelemetry",
+ "tracing",
+ "tracing-core",
+ "tracing-subscriber",
+]
+
+[[package]]
+name = "tracing-subscriber"
+version = "0.2.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "aa5553bf0883ba7c9cbe493b085c29926bd41b66afc31ff72cf17ff4fb60dcd5"
+dependencies = [
+ "sharded-slab",
+ "thread_local",
+ "tracing-core",
+]
+
 [[package]]
 name = "try-lock"
 version = "0.2.2"