diff --git a/Cargo.lock b/Cargo.lock
index b22b601d6cb..532388cf4c7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -310,7 +310,7 @@ dependencies = [
  "futures-lite",
  "parking",
  "polling",
- "rustix 0.38.28",
+ "rustix 0.38.30",
  "slab",
  "tracing",
  "windows-sys 0.52.0",
@@ -318,9 +318,9 @@ dependencies = [
 
 [[package]]
 name = "async-lock"
-version = "3.2.0"
+version = "3.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7125e42787d53db9dd54261812ef17e937c95a51e4d291373b670342fa44310c"
+checksum = "d034b430882f8381900d3fe6f0aaa3ad94f2cb4ac519b429692a1bc2dda4ae7b"
 dependencies = [
  "event-listener 4.0.3",
  "event-listener-strategy",
@@ -416,9 +416,9 @@ checksum = "d468802bab17cbc0cc575e9b053f41e72aa36bfa6b7f55e3529ffa43161b97fa"
 
 [[package]]
 name = "axum"
-version = "0.7.3"
+version = "0.7.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d09dbe0e490df5da9d69b36dca48a76635288a82f92eca90024883a56202026d"
+checksum = "1236b4b292f6c4d6dc34604bb5120d85c3fe1d1aa596bd5cc52ca054d13e7b9e"
 dependencies = [
  "async-trait",
  "axum-core",
@@ -450,9 +450,9 @@ dependencies = [
 
 [[package]]
 name = "axum-core"
-version = "0.4.2"
+version = "0.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e87c8503f93e6d144ee5690907ba22db7ba79ab001a932ab99034f0fe836b3df"
+checksum = "a15c63fd72d41492dc4f497196f5da1fb04fb7529e631d73630d1b491e47a2e3"
 dependencies = [
  "async-trait",
  "bytes",
@@ -510,9 +510,9 @@ checksum = "9e1b586273c5702936fe7b7d6896644d8be71e6314cfe09d3167c95f712589e8"
 
 [[package]]
 name = "base64"
-version = "0.21.6"
+version = "0.21.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c79fed4cdb43e993fcdadc7e58a09fd0e3e649c4436fa11da71c9f1f3ee7feb9"
+checksum = "9d297deb1925b89f2ccc13d7635fa0714f12c87adce1c75356b39ca9b7178567"
 
 [[package]]
 name = "base64ct"
@@ -1972,7 +1972,7 @@ version = "0.10.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2a3d8dc56e02f954cac8eb489772c552c473346fc34f67412bb6244fd647f7e4"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "bytes",
  "ed25519-dalek",
  "hex",
@@ -3084,9 +3084,9 @@ dependencies = [
 
 [[package]]
 name = "h2"
-version = "0.3.22"
+version = "0.3.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4d6250322ef6e60f93f9a2162799302cd6f68f79f6e5d85c8c16f14d1d958178"
+checksum = "b553656127a00601c8ae5590fcfdc118e4083a7924b6cf4ffc1ea4b99dc429d7"
 dependencies = [
  "bytes",
  "fnv",
@@ -3181,7 +3181,7 @@ version = "0.3.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "06683b93020a07e3dbcf5f8c0f6d40080d725bea7936fc01ad345c01b97dc270"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "bytes",
  "headers-core",
  "http 0.2.11",
@@ -3499,7 +3499,7 @@ dependencies = [
  "futures-channel",
  "futures-core",
  "futures-util",
- "h2 0.3.22",
+ "h2 0.3.23",
  "http 0.2.11",
  "http-body 0.4.6",
  "httparse",
@@ -3691,9 +3691,9 @@ dependencies = [
 
 [[package]]
 name = "igd-next"
-version = "0.14.2"
+version = "0.14.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "57e065e90a518ab5fedf79aa1e4b784e10f8e484a834f6bda85c42633a2cb7af"
+checksum = "064d90fec10d541084e7b39ead8875a5a80d9114a2b18791565253bae25f49e4"
 dependencies = [
  "async-trait",
  "attohttpc 0.24.1",
@@ -3915,9 +3915,9 @@ dependencies = [
 
 [[package]]
 name = "js-sys"
-version = "0.3.66"
+version = "0.3.67"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cee9c64da59eae3b50095c18d3e74f8b73c0b86d2792824ff01bbce68ba229ca"
+checksum = "9a1d36f1235bc969acba30b7f5990b864423a6068a10f7c90ae8f0112e3a59d1"
 dependencies = [
  "wasm-bindgen",
 ]
@@ -3928,7 +3928,7 @@ version = "8.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6971da4d9c3aa03c3d8f3ff0f4155b534aad021292003895a469716b2a230378"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "pem 1.1.1",
  "ring 0.16.20",
  "serde",
@@ -3965,9 +3965,9 @@ dependencies = [
 
 [[package]]
 name = "keccak"
-version = "0.1.4"
+version = "0.1.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8f6d5ed8676d904364de097082f4e7d240b571b67989ced0240f08b7f966f940"
+checksum = "ecc2af9a1119c51f12a14607e783cb977bde58bc069ff0c3da1095e635d70654"
 dependencies = [
  "cpufeatures",
 ]
@@ -4237,7 +4237,7 @@ source = "git+https://github.com/sigp/rust-libp2p/?rev=b96b90894faab0a1eed78e1c8
 dependencies = [
  "async-channel",
  "asynchronous-codec",
- "base64 0.21.6",
+ "base64 0.21.7",
  "byteorder",
  "bytes",
  "either",
@@ -4615,7 +4615,6 @@ dependencies = [
  "clap_utils",
  "database_manager",
  "directory",
- "env_logger 0.9.3",
  "environment",
  "eth1",
  "eth2",
@@ -4626,6 +4625,7 @@ dependencies = [
  "lighthouse_metrics",
  "lighthouse_network",
  "lighthouse_version",
+ "logging",
  "malloc_utils",
  "sensitive_url",
  "serde",
@@ -4637,6 +4637,7 @@ dependencies = [
  "sloggers",
  "task_executor",
  "tempfile",
+ "tracing-subscriber",
  "types",
  "unused_port",
  "validator_client",
@@ -4792,6 +4793,9 @@ dependencies = [
  "sloggers",
  "take_mut",
  "tokio",
+ "tracing-core",
+ "tracing-log",
+ "tracing-subscriber",
 ]
 
 [[package]]
@@ -4888,9 +4892,9 @@ dependencies = [
 
 [[package]]
 name = "mediatype"
-version = "0.19.16"
+version = "0.19.17"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bf0bc9784973713e4a90d515a4302991ca125a7c4516951cb607f2298cb757e5"
+checksum = "83a018c36a54f4e12c30464bbc59311f85d3f6f4d6c1b4fa4ea9db2b174ddefc"
 
 [[package]]
 name = "memchr"
@@ -5298,6 +5302,16 @@ dependencies = [
  "winapi",
 ]
 
+[[package]]
+name = "nu-ansi-term"
+version = "0.46.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "77a8165726e8236064dbb45459242600304b42a5ea24ee2948e18e023bf7ba84"
+dependencies = [
+ "overload",
+ "winapi",
+]
+
 [[package]]
 name = "num-bigint"
 version = "0.4.4"
@@ -5521,6 +5535,12 @@ dependencies = [
  "types",
 ]
 
+[[package]]
+name = "overload"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b15813163c1d831bf4a13c3610c05c0d03b39feb07f7e09fa234dac9b15aaf39"
+
 [[package]]
 name = "p256"
 version = "0.13.2"
@@ -5698,7 +5718,7 @@ version = "3.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1b8fcc794035347fb64beda2d3b462595dd2753e3f268d89c5aae77e8cf2c310"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "serde",
 ]
 
@@ -5845,14 +5865,14 @@ dependencies = [
 
 [[package]]
 name = "polling"
-version = "3.3.1"
+version = "3.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cf63fa624ab313c11656b4cda960bfc46c410187ad493c41f6ba2d8c1e991c9e"
+checksum = "545c980a3880efd47b2e262f6a4bb6daad6555cf3367aa9c4e52895f69537a41"
 dependencies = [
  "cfg-if",
  "concurrent-queue",
  "pin-project-lite",
- "rustix 0.38.28",
+ "rustix 0.38.30",
  "tracing",
  "windows-sys 0.52.0",
 ]
@@ -5898,7 +5918,7 @@ version = "0.6.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "49b6c5ef183cd3ab4ba005f1ca64c21e8bd97ce4699cfea9e8d9a2c4958ca520"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "byteorder",
  "bytes",
  "fallible-iterator",
@@ -6413,12 +6433,12 @@ version = "0.11.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "37b1ae8d9ac08420c66222fb9096fc5de435c3c48542bc5336c51892cffafb41"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "bytes",
  "encoding_rs",
  "futures-core",
  "futures-util",
- "h2 0.3.22",
+ "h2 0.3.23",
  "http 0.2.11",
  "http-body 0.4.6",
  "hyper 0.14.28",
@@ -6630,9 +6650,9 @@ dependencies = [
 
 [[package]]
 name = "rustix"
-version = "0.38.28"
+version = "0.38.30"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "72e572a5e8ca657d7366229cdde4bd14c4eb5499a9573d4d366fe1b599daa316"
+checksum = "322394588aaf33c24007e8bb3238ee3e4c5c09c084ab32bc73890b99ff326bca"
 dependencies = [
  "bitflags 2.4.1",
  "errno",
@@ -6673,7 +6693,7 @@ version = "1.0.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1c74cae0a4cf6ccbbf5f359f08efdf8ee7e1dc532573bf0db71968cb56b1448c"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
 ]
 
 [[package]]
@@ -6682,7 +6702,7 @@ version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "35e4980fa29e4c4b212ffb3db068a564cbf560e51d3944b7c88bd8bf5bec64f4"
 dependencies = [
- "base64 0.21.6",
+ "base64 0.21.7",
  "rustls-pki-types",
 ]
 
@@ -7092,6 +7112,15 @@ dependencies = [
  "keccak",
 ]
 
+[[package]]
+name = "sharded-slab"
+version = "0.1.7"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f40ca3c46823713e0d4209592e8d6e826aa57e928f09752619fc696c499637f6"
+dependencies = [
+ "lazy_static",
+]
+
 [[package]]
 name = "shlex"
 version = "1.2.0"
@@ -7353,9 +7382,9 @@ dependencies = [
 
 [[package]]
 name = "smallvec"
-version = "1.11.2"
+version = "1.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4dccd0940a2dcdf68d092b8cbab7dc0ad8fa938bf95787e1b916b0e3d0e8e970"
+checksum = "2593d31f82ead8df961d8bd23a64c2ccf2eb5dd34b0a34bfb4dd54011c72009e"
 
 [[package]]
 name = "snap"
@@ -7728,7 +7757,7 @@ dependencies = [
  "cfg-if",
  "fastrand",
  "redox_syscall 0.4.1",
- "rustix 0.38.28",
+ "rustix 0.38.30",
  "windows-sys 0.52.0",
 ]
 
@@ -7745,9 +7774,9 @@ dependencies = [
 
 [[package]]
 name = "termcolor"
-version = "1.4.0"
+version = "1.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ff1bc3d3f05aff0403e8ac0d92ced918ec05b666a43f83297ccef5bea8a3d449"
+checksum = "06794f8f6c5c898b3275aebefa6b8a1cb24cd2c6c79397ab15774837a0bc5755"
 dependencies = [
  "winapi-util",
 ]
@@ -8179,6 +8208,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "c06d3da6113f116aaee68e4d601191614c9053067f9ab7f6edbcb161237daa54"
 dependencies = [
  "once_cell",
+ "valuable",
 ]
 
 [[package]]
@@ -8191,6 +8221,31 @@ dependencies = [
  "tracing",
 ]
 
+[[package]]
+name = "tracing-log"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ee855f1f400bd0e5c02d150ae5de3840039a3f54b025156404e34c23c03f47c3"
+dependencies = [
+ "log",
+ "once_cell",
+ "tracing-core",
+]
+
+[[package]]
+name = "tracing-subscriber"
+version = "0.3.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ad0f048c97dbd9faa9b7df56362b8ebcaa52adb06b498c050d2f4e32f90a7a8b"
+dependencies = [
+ "nu-ansi-term",
+ "sharded-slab",
+ "smallvec",
+ "thread_local",
+ "tracing-core",
+ "tracing-log",
+]
+
 [[package]]
 name = "trackable"
 version = "1.3.0"
@@ -8560,6 +8615,12 @@ dependencies = [
  "validator_client",
 ]
 
+[[package]]
+name = "valuable"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "830b7e5d4d90034032940e4ace0d9a9a057e7a45cd94e6c007832e39edb82f6d"
+
 [[package]]
 name = "vcpkg"
 version = "0.2.15"
@@ -8606,7 +8667,7 @@ dependencies = [
 [[package]]
 name = "warp"
 version = "0.3.6"
-source = "git+https://github.com/seanmonstar/warp.git#2c3581e8387e29bab2ac1aa5f9ae9602fe62339f"
+source = "git+https://github.com/seanmonstar/warp.git#724e767173132de7c435b323e12d6bec68038de2"
 dependencies = [
  "bytes",
  "futures-channel",
@@ -8657,9 +8718,9 @@ checksum = "9c8d87e72b64a3b4db28d11ce29237c246188f4f51057d65a7eab63b7987e423"
 
 [[package]]
 name = "wasm-bindgen"
-version = "0.2.89"
+version = "0.2.90"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0ed0d4f68a3015cc185aff4db9506a015f4b96f95303897bfa23f846db54064e"
+checksum = "b1223296a201415c7fad14792dbefaace9bd52b62d33453ade1c5b5f07555406"
 dependencies = [
  "cfg-if",
  "wasm-bindgen-macro",
@@ -8667,9 +8728,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-backend"
-version = "0.2.89"
+version = "0.2.90"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1b56f625e64f3a1084ded111c4d5f477df9f8c92df113852fa5a374dbda78826"
+checksum = "fcdc935b63408d58a32f8cc9738a0bffd8f05cc7c002086c6ef20b7312ad9dcd"
 dependencies = [
  "bumpalo",
  "log",
@@ -8682,9 +8743,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-futures"
-version = "0.4.39"
+version = "0.4.40"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ac36a15a220124ac510204aec1c3e5db8a22ab06fd6706d881dc6149f8ed9a12"
+checksum = "bde2032aeb86bdfaecc8b261eef3cba735cc426c1f3a3416d1e0791be95fc461"
 dependencies = [
  "cfg-if",
  "js-sys",
@@ -8694,9 +8755,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro"
-version = "0.2.89"
+version = "0.2.90"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0162dbf37223cd2afce98f3d0785506dcb8d266223983e4b5b525859e6e182b2"
+checksum = "3e4c238561b2d428924c49815533a8b9121c664599558a5d9ec51f8a1740a999"
 dependencies = [
  "quote",
  "wasm-bindgen-macro-support",
@@ -8704,9 +8765,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro-support"
-version = "0.2.89"
+version = "0.2.90"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f0eb82fcb7930ae6219a7ecfd55b217f5f0893484b7a13022ebb2b2bf20b5283"
+checksum = "bae1abb6806dc1ad9e560ed242107c0f6c84335f1749dd4e8ddb012ebd5e25a7"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -8717,9 +8778,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-shared"
-version = "0.2.89"
+version = "0.2.90"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7ab9b36309365056cd639da3134bf87fa8f3d86008abf99e612384a6eecd459f"
+checksum = "4d91413b1c31d7539ba5ef2451af3f0b833a005eb27a631cec32bc0635a8602b"
 
 [[package]]
 name = "wasm-streams"
@@ -8786,9 +8847,9 @@ dependencies = [
 
 [[package]]
 name = "web-sys"
-version = "0.3.66"
+version = "0.3.67"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "50c24a44ec86bb68fbecd1b3efed7e85ea5621b39b35ef2766b66cd984f8010f"
+checksum = "58cd2333b6e0be7a39605f0e255892fd7418a682d8da8fe042fe25128794d2ed"
 dependencies = [
  "js-sys",
  "wasm-bindgen",
@@ -8835,7 +8896,7 @@ dependencies = [
  "either",
  "home",
  "once_cell",
- "rustix 0.38.28",
+ "rustix 0.38.30",
 ]
 
 [[package]]
@@ -9137,9 +9198,9 @@ checksum = "dff9641d1cd4be8d1a070daf9e3773c5f67e78b4d9d42263020c057706765c04"
 
 [[package]]
 name = "winnow"
-version = "0.5.33"
+version = "0.5.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b7520bbdec7211caa7c4e682eb1fbe07abe20cee6756b6e00f537c82c11816aa"
+checksum = "b7cf47b659b318dccbd69cc4797a39ae128f533dce7902a1096044d1967b9c16"
 dependencies = [
  "memchr",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index e059fa9f679..f43d375f0d9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -160,6 +160,9 @@ tempfile = "3"
 tokio = { version = "1", features = ["rt-multi-thread", "sync", "signal"] }
 tokio-stream = { version = "0.1", features = ["sync"] }
 tokio-util = { version = "0.6", features = ["codec", "compat", "time"] }
+tracing-core = "0.1"
+tracing-log = "0.2"
+tracing-subscriber = "0.3"
 tree_hash = "0.5"
 tree_hash_derive = "0.5"
 url = "2"
diff --git a/book/src/help_general.md b/book/src/help_general.md
index 7169884cdc5..fbe05693e70 100644
--- a/book/src/help_general.md
+++ b/book/src/help_general.md
@@ -13,8 +13,8 @@ FLAGS:
         --disable-malloc-tuning          If present, do not configure the system allocator. Providing this flag will
                                          generally increase memory usage, it should only be provided when debugging
                                          specific memory allocation issues.
-    -l                                   Enables environment logging giving access to sub-protocol logs such as discv5
-                                         and libp2p
+    -l                                   DEPRECATED Enables environment logging giving access to sub-protocol logs such
+                                         as discv5 and libp2p
     -h, --help                           Prints help information
         --log-color                      Force outputting colors when emitting logs to the terminal.
         --logfile-compress               If present, compress old log files. This can help reduce the space needed to
diff --git a/boot_node/src/lib.rs b/boot_node/src/lib.rs
index d76e7906b20..0421ce2684d 100644
--- a/boot_node/src/lib.rs
+++ b/boot_node/src/lib.rs
@@ -48,11 +48,8 @@ pub fn run(
         log::Level::Error => drain.filter_level(Level::Error),
     };
 
-    let logger = Logger::root(drain.fuse(), o!());
-    let _scope_guard = slog_scope::set_global_logger(logger);
-    slog_stdlog::init_with_level(debug_level).unwrap();
+    let log = Logger::root(drain.fuse(), o!());
 
-    let log = slog_scope::logger();
     // Run the main function emitting any errors
     if let Err(e) = match eth_spec_id {
         EthSpecId::Minimal => {
diff --git a/common/logging/Cargo.toml b/common/logging/Cargo.toml
index 9c5321591bc..6975711651b 100644
--- a/common/logging/Cargo.toml
+++ b/common/logging/Cargo.toml
@@ -8,15 +8,18 @@ edition = { workspace = true }
 test_logger = [] # Print log output to stderr when running tests instead of dropping it
 
 [dependencies]
-slog = { workspace = true }
-slog-term = { workspace = true }
-tokio = { workspace = true }
-lighthouse_metrics = { workspace = true }
+chrono = { version = "0.4", default-features = false, features = ["clock", "std"] }
 lazy_static = { workspace = true }
-sloggers = { workspace = true }
-slog-async = { workspace = true }
-take_mut = "0.2.2"
+lighthouse_metrics = { workspace = true }
 parking_lot = { workspace = true }
 serde = { workspace = true }
 serde_json = { workspace = true }
-chrono = { version = "0.4", default-features = false, features = ["clock", "std"] }
+slog = { workspace = true }
+slog-async = { workspace = true }
+slog-term = { workspace = true }
+sloggers = { workspace = true }
+take_mut = "0.2.2"
+tokio = { workspace = true }
+tracing-core = { workspace = true }
+tracing-log = { workspace = true }
+tracing-subscriber = { workspace = true }
diff --git a/common/logging/src/lib.rs b/common/logging/src/lib.rs
index a9ad25f3f3e..80fc00a00f2 100644
--- a/common/logging/src/lib.rs
+++ b/common/logging/src/lib.rs
@@ -13,7 +13,10 @@ pub const MAX_MESSAGE_WIDTH: usize = 40;
 
 pub mod async_record;
 mod sse_logging_components;
+mod tracing_metrics_layer;
+
 pub use sse_logging_components::SSELoggingComponents;
+pub use tracing_metrics_layer::MetricsLayer;
 
 /// The minimum interval between log messages indicating that a queue is full.
 const LOG_DEBOUNCE_INTERVAL: Duration = Duration::from_secs(30);
diff --git a/common/logging/src/tracing_metrics_layer.rs b/common/logging/src/tracing_metrics_layer.rs
new file mode 100644
index 00000000000..08c323ee890
--- /dev/null
+++ b/common/logging/src/tracing_metrics_layer.rs
@@ -0,0 +1,63 @@
+//! Exposes [`MetricsLayer`]: A tracing layer that registers metrics of logging events.
+
+use lighthouse_metrics as metrics;
+use tracing_log::NormalizeEvent;
+
+lazy_static! {
+    /// Count of `INFO` logs registered per enabled dependency.
+    pub static ref DEP_INFOS_TOTAL: metrics::Result<metrics::IntCounterVec> =
+        metrics::try_create_int_counter_vec(
+            "dep_info_total",
+            "Count of infos logged per enabled dependency",
+            &["target"]
+        );
+    /// Count of `WARN` logs registered per enabled dependency.
+    pub static ref DEP_WARNS_TOTAL: metrics::Result<metrics::IntCounterVec> =
+        metrics::try_create_int_counter_vec(
+            "dep_warn_total",
+            "Count of warns logged per enabled dependency",
+            &["target"]
+        );
+    /// Count of `ERROR` logs registered per enabled dependency.
+    pub static ref DEP_ERRORS_TOTAL: metrics::Result<metrics::IntCounterVec> =
+        metrics::try_create_int_counter_vec(
+            "dep_error_total",
+            "Count of errors logged per enabled dependency",
+            &["target"]
+        );
+}
+
+/// Layer that registers Prometheus metrics for `INFO`, `WARN` and `ERROR` logs emitted per dependency.
+/// Dependencies are enabled via the `RUST_LOG` env flag.
+pub struct MetricsLayer;
+
+impl<S: tracing_core::Subscriber> tracing_subscriber::layer::Layer<S> for MetricsLayer {
+    fn on_event(
+        &self,
+        event: &tracing_core::Event<'_>,
+        _ctx: tracing_subscriber::layer::Context<'_, S>,
+    ) {
+        // get the event's normalized metadata
+        // this is necessary to get the correct module path for libp2p events
+        let normalized_meta = event.normalized_metadata();
+        let meta = normalized_meta.as_ref().unwrap_or_else(|| event.metadata());
+
+        if !meta.is_event() {
+            // ignore tracing span events
+            return;
+        }
+
+        let full_target = meta.module_path().unwrap_or_else(|| meta.target());
+        let target = full_target
+            .split_once("::")
+            .map(|(name, _rest)| name)
+            .unwrap_or(full_target);
+        let target = &[target];
+        match *meta.level() {
+            tracing_core::Level::INFO => metrics::inc_counter_vec(&DEP_INFOS_TOTAL, target),
+            tracing_core::Level::WARN => metrics::inc_counter_vec(&DEP_WARNS_TOTAL, target),
+            tracing_core::Level::ERROR => metrics::inc_counter_vec(&DEP_ERRORS_TOTAL, target),
+            _ => {}
+        }
+    }
+}
diff --git a/lighthouse/Cargo.toml b/lighthouse/Cargo.toml
index 87668656501..c402e5b9320 100644
--- a/lighthouse/Cargo.toml
+++ b/lighthouse/Cargo.toml
@@ -35,7 +35,6 @@ types = { workspace = true }
 bls = { workspace = true }
 ethereum_hashing = { workspace = true }
 clap = { workspace = true }
-env_logger = { workspace = true }
 environment = { workspace = true }
 boot_node = { path = "../boot_node" }
 futures = { workspace = true }
@@ -57,6 +56,8 @@ unused_port = { workspace = true }
 database_manager = { path = "../database_manager" }
 slasher = { workspace = true }
 validator_manager = { path = "../validator_manager" }
+tracing-subscriber = { workspace = true }
+logging = { workspace = true }
 
 [dev-dependencies]
 tempfile = { workspace = true }
diff --git a/lighthouse/src/main.rs b/lighthouse/src/main.rs
index edf661abab3..ccdfa60f114 100644
--- a/lighthouse/src/main.rs
+++ b/lighthouse/src/main.rs
@@ -4,7 +4,6 @@ use beacon_node::ProductionBeaconNode;
 use clap::{App, Arg, ArgMatches};
 use clap_utils::{flags::DISABLE_MALLOC_TUNING_FLAG, get_eth2_network_config};
 use directory::{parse_path_or_default, DEFAULT_BEACON_NODE_DIR, DEFAULT_VALIDATOR_DIR};
-use env_logger::{Builder, Env};
 use environment::{EnvironmentBuilder, LoggerConfig};
 use eth2_network_config::{Eth2NetworkConfig, DEFAULT_HARDCODED_NETWORK, HARDCODED_NET_NAMES};
 use ethereum_hashing::have_sha_extensions;
@@ -15,6 +14,7 @@ use slog::{crit, info};
 use std::path::PathBuf;
 use std::process::exit;
 use task_executor::ShutdownReason;
+use tracing_subscriber::{layer::SubscriberExt, util::SubscriberInitExt};
 use types::{EthSpec, EthSpecId};
 use validator_client::ProductionValidatorClient;
 
@@ -84,7 +84,8 @@ fn main() {
         .arg(
             Arg::with_name("env_log")
                 .short("l")
-                .help("Enables environment logging giving access to sub-protocol logs such as discv5 and libp2p",
+                .help(
+                    "DEPRECATED Enables environment logging giving access to sub-protocol logs such as discv5 and libp2p",
                 )
                 .takes_value(false),
         )
@@ -364,9 +365,32 @@ fn main() {
         }
     }
 
-    // Debugging output for libp2p and external crates.
-    if matches.is_present("env_log") {
-        Builder::from_env(Env::default()).init();
+    // read the `RUST_LOG` statement
+    let filter_layer = match tracing_subscriber::EnvFilter::try_from_default_env()
+        .or_else(|_| tracing_subscriber::EnvFilter::try_new("debug"))
+    {
+        Ok(filter) => filter,
+        Err(e) => {
+            eprintln!("Failed to initialize dependency logging {e}");
+            exit(1)
+        }
+    };
+
+    let turn_on_terminal_logs = matches.is_present("env_log");
+
+    if let Err(e) = tracing_subscriber::fmt()
+        .with_env_filter(filter_layer)
+        .with_writer(move || {
+            tracing_subscriber::fmt::writer::OptionalWriter::<std::io::Stdout>::from(
+                turn_on_terminal_logs.then(std::io::stdout),
+            )
+        })
+        .finish()
+        .with(logging::MetricsLayer)
+        .try_init()
+    {
+        eprintln!("Failed to initialize dependency logging {e}");
+        exit(1)
     }
 
     let result = get_eth2_network_config(&matches).and_then(|eth2_network_config| {