diff --git a/Cargo.toml b/Cargo.toml
index 7fac83b9a2..36d9766e88 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -25,11 +25,11 @@ smallvec = { version = "1.5.1", default-features = false }
 thiserror = "1.0.22"
 
 # used for tests and HTTP/hyper
-# the features are used only for tests but enabled because `dev-depedencies` are leaked into dependencies.
-tokio = { version = "0.2.24", features = ["stream", "rt-threaded", "macros"], optional = true }
+# the features are used only for tests but enabled because `dev-dependencies` are leaked into dependencies.
+tokio = { version = "1.0", features = ["net", "rt-multi-thread", "macros"], optional = true }
 
 # HTTP-related dependencies
-hyper = { version = "0.13.9", features = ["stream"], optional = true }
+hyper = { version = "0.14", features = ["stream", "client", "server", "http1", "http2", "tcp"], optional = true }
 unicase = { version = "2.6.0", optional = true }
 
 # WS-related dependencies
diff --git a/src/http/transport/background.rs b/src/http/transport/background.rs
index 3e4221bab8..ab909b5f99 100644
--- a/src/http/transport/background.rs
+++ b/src/http/transport/background.rs
@@ -83,7 +83,7 @@ impl BackgroundHttp {
 
 		// Because hyper can only be polled through tokio, we spawn it in a background thread.
 		thread::Builder::new().name("jsonrpsee-hyper-server".to_string()).spawn(move || {
-			let mut runtime = match tokio::runtime::Builder::new().basic_scheduler().enable_all().build() {
+			let runtime = match tokio::runtime::Builder::new_current_thread().enable_all().build() {
 				Ok(r) => r,
 				Err(err) => {
 					log::error!("Failed to initialize tokio runtime in HTTP JSON-RPC server: {}", err);
diff --git a/test-utils/Cargo.toml b/test-utils/Cargo.toml
index 9e2ffde061..4b509909f6 100644
--- a/test-utils/Cargo.toml
+++ b/test-utils/Cargo.toml
@@ -10,10 +10,10 @@ edition = "2018"
 [dependencies]
 async-std = "1.8.0"
 futures = "0.3.8"
-hyper = "0.13.9"
+hyper = "0.14"
 log = "0.4.11"
 serde = { version = "1.0.118", default-features = false, features = ["derive"] }
 serde_json = "1.0.60"
 soketto = "0.4.2"
-tokio = { version = "0.2.24", features = ["dns", "stream", "tcp", "rt-threaded", "macros"] }
-tokio-util = { version = "0.3.1", features = ["compat"] }
+tokio = { version = "1.0", features = ["net", "rt-multi-thread", "macros", "time"] }
+tokio-util = { version = "0.6", features = ["compat"] }
diff --git a/test-utils/src/types.rs b/test-utils/src/types.rs
index 036ccb98fc..aa8d1dc75f 100644
--- a/test-utils/src/types.rs
+++ b/test-utils/src/types.rs
@@ -9,7 +9,7 @@ use soketto::handshake::{server::Response, Server};
 use std::net::SocketAddr;
 use std::time::Duration;
 use tokio::net::TcpStream;
-use tokio_util::compat::{Compat, Tokio02AsyncReadCompatExt};
+use tokio_util::compat::{Compat, TokioAsyncReadCompatExt};
 
 pub use hyper::{Body, HeaderMap, StatusCode, Uri};
 
@@ -183,7 +183,7 @@ async fn connection_task(socket: async_std::net::TcpStream, mode: ServerMode, mu
 	loop {
 		let next_ws = ws_stream.next().fuse();
 		let next_exit = exit.next().fuse();
-		let time_out = tokio::time::delay_for(Duration::from_secs(1)).fuse();
+		let time_out = tokio::time::sleep(Duration::from_secs(1)).fuse();
 		futures::pin_mut!(time_out, next_exit, next_ws);
 
 		futures::select! {
diff --git a/tests/helpers.rs b/tests/helpers.rs
index d06dedf2b6..dade37a968 100644
--- a/tests/helpers.rs
+++ b/tests/helpers.rs
@@ -36,7 +36,7 @@ use futures::future::FutureExt;
 
 pub fn websocket_server(server_started: Sender<SocketAddr>) {
 	std::thread::spawn(move || {
-		let mut rt = tokio::runtime::Runtime::new().unwrap();
+		let rt = tokio::runtime::Runtime::new().unwrap();
 
 		let server = rt.block_on(WsServer::new("127.0.0.1:0")).unwrap();
 		let mut sub_hello =
@@ -54,7 +54,7 @@ pub fn websocket_server(server_started: Sender<SocketAddr>) {
 				}
 				.fuse();
 
-				let timeout = tokio::time::delay_for(Duration::from_millis(100)).fuse();
+				let timeout = tokio::time::sleep(Duration::from_millis(100)).fuse();
 				futures::pin_mut!(hello_fut, timeout);
 				futures::select! {
 					_ = hello_fut => (),
@@ -70,7 +70,7 @@ pub fn websocket_server(server_started: Sender<SocketAddr>) {
 
 pub fn websocket_server_with_wait_period(server_started: Sender<SocketAddr>, wait: Receiver<()>) {
 	std::thread::spawn(move || {
-		let mut rt = tokio::runtime::Runtime::new().unwrap();
+		let rt = tokio::runtime::Runtime::new().unwrap();
 
 		let server = rt.block_on(WsServer::new("127.0.0.1:0")).unwrap();
 		let mut respond = server.register_method("say_hello".to_owned()).unwrap();
@@ -88,7 +88,7 @@ pub fn websocket_server_with_wait_period(server_started: Sender<SocketAddr>, wai
 
 pub fn http_server(server_started: Sender<SocketAddr>) {
 	std::thread::spawn(move || {
-		let mut rt = tokio::runtime::Runtime::new().unwrap();
+		let rt = tokio::runtime::Runtime::new().unwrap();
 
 		let server = rt.block_on(HttpServer::new("127.0.0.1:0", HttpConfig::default())).unwrap();
 		server_started.send(*server.local_addr()).unwrap();