diff --git a/charts/galoy-deps/Chart.lock b/charts/galoy-deps/Chart.lock
index c4108fce6..a438cfba1 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: 0.87.2
-digest: sha256:1389803f7560d849571fa7f556050c167e9b93b077f440978677c044657f7912
-generated: "2024-04-16T16:01:48.847424525Z"
+  version: 0.104.0
+digest: sha256:d787a6c70e566787dac3fe47707501ad51e82d13f5bbd8b4adf61b3775094076
+generated: "2024-08-30T22:45:45.029898536Z"
diff --git a/charts/galoy-deps/Chart.yaml b/charts/galoy-deps/Chart.yaml
index 8845cf64a..ba5eab2fe 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: 0.87.2
+    version: 0.104.0
     condition: opentelemetry-collector.enabled