diff --git a/package-lock.json b/package-lock.json
index b5c8aac3..ca29c963 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -25,7 +25,7 @@
         "@opentelemetry/instrumentation-http": "^0.200.0",
         "@opentelemetry/resources": "^1.8.0",
         "@opentelemetry/sdk-node": "^0.200.0",
-        "axios": "1.15.0",
+        "axios": "1.16.1",
         "bignumber.js": "^9.3.0",
         "body-parser": "^1.20.4",
         "command-line-args": "5.2.1",
@@ -4345,16 +4345,65 @@
       "license": "MIT"
     },
     "node_modules/axios": {
-      "version": "1.15.0",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-1.15.0.tgz",
-      "integrity": "sha512-wWyJDlAatxk30ZJer+GeCWS209sA42X+N5jU2jy6oHTp7ufw8uzUTVFBX9+wTfAlhiJXGS0Bq7X6efruWjuK9Q==",
+      "version": "1.16.1",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.16.1.tgz",
+      "integrity": "sha512-caYkukvroVPO8KrzuJEb50Hm07KwfBZPEC3VeFHTsqWHvKTsy54hjJz9BS/cdaypROE2rH6xvm9mHX4fgWkr3A==",
       "license": "MIT",
       "dependencies": {
-        "follow-redirects": "^1.15.11",
+        "follow-redirects": "^1.16.0",
         "form-data": "^4.0.5",
+        "https-proxy-agent": "^5.0.1",
         "proxy-from-env": "^2.1.0"
       }
     },
+    "node_modules/axios/node_modules/agent-base": {
+      "version": "6.0.2",
+      "resolved": "https://registry.npmjs.org/agent-base/-/agent-base-6.0.2.tgz",
+      "integrity": "sha512-RZNwNclF7+MS/8bDg70amg32dyeZGZxiDuQmZxKLAlQjr3jGyLx+4Kkk58UO7D2QdgFIQCovuSuZESne6RG6XQ==",
+      "license": "MIT",
+      "dependencies": {
+        "debug": "4"
+      },
+      "engines": {
+        "node": ">= 6.0.0"
+      }
+    },
+    "node_modules/axios/node_modules/debug": {
+      "version": "4.4.3",
+      "resolved": "https://registry.npmjs.org/debug/-/debug-4.4.3.tgz",
+      "integrity": "sha512-RGwwWnwQvkVfavKVt22FGLw+xYSdzARwm0ru6DhTVA3umU5hZc28V3kO4stgYryrTlLpuvgI9GiijltAjNbcqA==",
+      "license": "MIT",
+      "dependencies": {
+        "ms": "^2.1.3"
+      },
+      "engines": {
+        "node": ">=6.0"
+      },
+      "peerDependenciesMeta": {
+        "supports-color": {
+          "optional": true
+        }
+      }
+    },
+    "node_modules/axios/node_modules/https-proxy-agent": {
+      "version": "5.0.1",
+      "resolved": "https://registry.npmjs.org/https-proxy-agent/-/https-proxy-agent-5.0.1.tgz",
+      "integrity": "sha512-dFcAjpTQFgoLMzC2VwU+C/CbS7uRL0lWmxDITmqm7C+7F0Odmj6s9l6alZc6AELXhrnggM2CeWSXHGOdX2YtwA==",
+      "license": "MIT",
+      "dependencies": {
+        "agent-base": "6",
+        "debug": "4"
+      },
+      "engines": {
+        "node": ">= 6"
+      }
+    },
+    "node_modules/axios/node_modules/ms": {
+      "version": "2.1.3",
+      "resolved": "https://registry.npmjs.org/ms/-/ms-2.1.3.tgz",
+      "integrity": "sha512-6FlzubTLZG3J2a/NVCAleEhjzq5oxgHyaCU9yYXvcLsvoVaHJq/s5xXI6/XXP6tz7R9xAOtHnSO/tXtF3WRTlA==",
+      "license": "MIT"
+    },
     "node_modules/axios/node_modules/proxy-from-env": {
       "version": "2.1.0",
       "resolved": "https://registry.npmjs.org/proxy-from-env/-/proxy-from-env-2.1.0.tgz",
diff --git a/package.json b/package.json
index 6843c4a7..99aaef6b 100644
--- a/package.json
+++ b/package.json
@@ -91,7 +91,7 @@
     "@opentelemetry/instrumentation-http": "^0.200.0",
     "@opentelemetry/resources": "^1.8.0",
     "@opentelemetry/sdk-node": "^0.200.0",
-    "axios": "1.15.0",
+    "axios": "1.16.1",
     "bignumber.js": "^9.3.0",
     "body-parser": "^1.20.4",
     "command-line-args": "5.2.1",