diff --git a/examples/hello_world/benchmarks.json b/examples/hello_world/benchmarks.json
new file mode 100644
index 0000000000..1986ac1d40
--- /dev/null
+++ b/examples/hello_world/benchmarks.json
@@ -0,0 +1,15 @@
+{
+    "hello_world": {
+        "previous": { "version": "0.24.2-rc.80", "benchmarks": [] },
+        "current": {
+            "version": "0.24.2-rc.80",
+            "benchmarks": [
+                {
+                    "instructions": { "__bigint__": "1297524" },
+                    "method_name": "setMessage",
+                    "timestamp": { "__bigint__": "1730128179735330938" }
+                }
+            ]
+        }
+    }
+}
diff --git a/examples/hello_world/benchmarks.md b/examples/hello_world/benchmarks.md
new file mode 100644
index 0000000000..2c42b071c0
--- /dev/null
+++ b/examples/hello_world/benchmarks.md
@@ -0,0 +1,24 @@
+# Benchmarks for hello_world
+
+## Current benchmarks Azle version: 0.24.2-rc.80
+
+| Id  | Method Name | Instructions | Cycles    | USD           | USD/Million Calls |
+| --- | ----------- | ------------ | --------- | ------------- | ----------------- |
+| 0   | setMessage  | 1_297_524    | 1_109_009 | $0.0000014746 | $1.47             |
+
+## Baseline benchmarks Azle version: 0.24.2-rc.80
+
+No benchmarks reported
+
+---
+
+**Note on calculations:**
+
+-   Cycles are calculated using the formula: base_fee + (per_instruction_fee \* number_of_instructions) + (additional_fee_per_billion \* floor(number_of_instructions / 1_000_000_000))
+-   base_fee: 590_000 cycles
+-   per_instruction_fee: 0.4 cycles
+-   additional_fee_per_billion: 400_000_000 cycles per billion instructions
+-   USD value is derived from the total cycles, where 1 trillion cycles = 1 XDR, and 1 XDR = $1.329670 (as of October 24, 2024)
+
+For the most up-to-date XDR to USD conversion rate, please refer to the [IMF website](https://www.imf.org/external/np/fin/data/rms_sdrv.aspx).
+For the most current fee information, please check the [official documentation](https://internetcomputer.org/docs/current/developer-docs/gas-cost#execution).
diff --git a/examples/hello_world/package-lock.json b/examples/hello_world/package-lock.json
index e5d8539dac..4a2107aa12 100644
--- a/examples/hello_world/package-lock.json
+++ b/examples/hello_world/package-lock.json
@@ -5,7 +5,7 @@
     "packages": {
         "": {
             "dependencies": {
-                "azle": "0.24.1"
+                "azle": "0.24.2-rc.80"
             },
             "devDependencies": {
                 "jest": "^29.7.0",
@@ -1799,11 +1799,10 @@
             "dev": true
         },
         "node_modules/azle": {
-            "version": "0.24.1",
-            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.1.tgz",
-            "integrity": "sha512-k7E3TyKSdIH25fbLP8ix4kwJtKHQH9ooPtATyPCTWkGyRMs2RedyEimfcEjznPgYvciS4AcNwyWJUwx0jKpKsw==",
+            "version": "0.24.2-rc.80",
+            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.2-rc.80.tgz",
+            "integrity": "sha512-lGpDm7myruSyesEPJw9iVnlqsxX/DFW+2/y0G3ZZSJfCxh7oamPzcvTd4uTx7bliWZA831Dw767kAnN1UBw7HA==",
             "hasInstallScript": true,
-            "license": "MIT",
             "dependencies": {
                 "@dfinity/agent": "^1.1.0",
                 "@dfinity/identity-secp256k1": "^1.1.0",
diff --git a/examples/hello_world/package.json b/examples/hello_world/package.json
index 68c9541149..400eb62d1a 100644
--- a/examples/hello_world/package.json
+++ b/examples/hello_world/package.json
@@ -4,7 +4,7 @@
         "test": "jest"
     },
     "dependencies": {
-        "azle": "0.24.1"
+        "azle": "0.24.2-rc.80"
     },
     "devDependencies": {
         "jest": "^29.7.0",
diff --git a/examples/hello_world_http_server/package-lock.json b/examples/hello_world_http_server/package-lock.json
index 91fe11ca5f..44c514a1ba 100644
--- a/examples/hello_world_http_server/package-lock.json
+++ b/examples/hello_world_http_server/package-lock.json
@@ -5,7 +5,7 @@
     "packages": {
         "": {
             "dependencies": {
-                "azle": "0.24.1",
+                "azle": "0.24.2-rc.80",
                 "express": "^4.18.2",
                 "lit": "^3.1.2"
             },
@@ -2447,11 +2447,10 @@
             }
         },
         "node_modules/azle": {
-            "version": "0.24.1",
-            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.1.tgz",
-            "integrity": "sha512-k7E3TyKSdIH25fbLP8ix4kwJtKHQH9ooPtATyPCTWkGyRMs2RedyEimfcEjznPgYvciS4AcNwyWJUwx0jKpKsw==",
+            "version": "0.24.2-rc.80",
+            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.2-rc.80.tgz",
+            "integrity": "sha512-lGpDm7myruSyesEPJw9iVnlqsxX/DFW+2/y0G3ZZSJfCxh7oamPzcvTd4uTx7bliWZA831Dw767kAnN1UBw7HA==",
             "hasInstallScript": true,
-            "license": "MIT",
             "dependencies": {
                 "@dfinity/agent": "^1.1.0",
                 "@dfinity/identity-secp256k1": "^1.1.0",
@@ -9590,9 +9589,9 @@
             }
         },
         "azle": {
-            "version": "0.24.1",
-            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.1.tgz",
-            "integrity": "sha512-k7E3TyKSdIH25fbLP8ix4kwJtKHQH9ooPtATyPCTWkGyRMs2RedyEimfcEjznPgYvciS4AcNwyWJUwx0jKpKsw==",
+            "version": "0.24.2-rc.80",
+            "resolved": "https://registry.npmjs.org/azle/-/azle-0.24.2-rc.80.tgz",
+            "integrity": "sha512-lGpDm7myruSyesEPJw9iVnlqsxX/DFW+2/y0G3ZZSJfCxh7oamPzcvTd4uTx7bliWZA831Dw767kAnN1UBw7HA==",
             "requires": {
                 "@dfinity/agent": "^1.1.0",
                 "@dfinity/identity-secp256k1": "^1.1.0",
diff --git a/examples/hello_world_http_server/package.json b/examples/hello_world_http_server/package.json
index b40d113f6d..cf2f6e5c97 100644
--- a/examples/hello_world_http_server/package.json
+++ b/examples/hello_world_http_server/package.json
@@ -5,7 +5,7 @@
         "test": "jest"
     },
     "dependencies": {
-        "azle": "0.24.1",
+        "azle": "0.24.2-rc.80",
         "express": "^4.18.2",
         "lit": "^3.1.2"
     },