diff --git a/Cargo.lock b/Cargo.lock
index 5b37c2d0714..327cec34d82 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -414,6 +414,12 @@ version = "1.7.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "69f7f8c3906b62b754cd5326047894316021dcfe5a194c8ea52bdd94934a3457"
 
+[[package]]
+name = "arcstr"
+version = "1.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "03918c3dbd7701a85c6b9887732e2921175f26c350b4563841d0958c21d57e6d"
+
 [[package]]
 name = "arrayref"
 version = "0.3.7"
@@ -984,9 +990,9 @@ dependencies = [
 
 [[package]]
 name = "backon"
-version = "1.5.0"
+version = "1.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fd0b50b1b78dbadd44ab18b3c794e496f3a139abb9fbc27d9c94c4eebbb96496"
+checksum = "cffb0e931875b666fc4fcb20fee52e9bbd1ef836fd9e9e04ec21555f9f85f7ef"
 dependencies = [
  "fastrand",
 ]
@@ -5613,11 +5619,12 @@ dependencies = [
 
 [[package]]
 name = "redis"
-version = "0.31.0"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0bc1ea653e0b2e097db3ebb5b7f678be339620b8041f66b30a308c1d45d36a7f"
+checksum = "5dfe20977fe93830c0e9817a16fbf1ed1cfd8d4bba366087a1841d2c6033c251"
 dependencies = [
  "arc-swap",
+ "arcstr",
  "backon",
  "bytes",
  "cfg-if 1.0.0",
@@ -5630,10 +5637,11 @@ dependencies = [
  "pin-project-lite",
  "ryu",
  "sha1_smol",
- "socket2 0.5.7",
+ "socket2 0.6.0",
  "tokio",
  "tokio-util 0.7.18",
  "url",
+ "xxhash-rust",
 ]
 
 [[package]]
diff --git a/Cargo.toml b/Cargo.toml
index c8baf011a79..f0df100f157 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -68,7 +68,7 @@ itertools = "0.14.0"
 lazy_static = "1.5.0"
 prost = "0.13"
 prost-types = "0.13"
-redis = { version = "0.31.0", features = [
+redis = { version = "1.0.2", features = [
     "aio",
     "connection-manager",
     "tokio-comp",
diff --git a/graph/src/ipfs/cache.rs b/graph/src/ipfs/cache.rs
index 2e2c3253f55..7ca6e766640 100644
--- a/graph/src/ipfs/cache.rs
+++ b/graph/src/ipfs/cache.rs
@@ -33,8 +33,8 @@ impl RedisClient {
         let env = &ENV_VARS.mappings;
         let client = redis::Client::open(path)?;
         let cfg = ConnectionManagerConfig::default()
-            .set_connection_timeout(env.ipfs_timeout)
-            .set_response_timeout(env.ipfs_timeout);
+            .set_connection_timeout(Some(env.ipfs_timeout))
+            .set_response_timeout(Some(env.ipfs_timeout));
         info!(logger, "Connecting to Redis for IPFS caching"; "url" => path);
         // Try to connect once synchronously to check if the server is reachable.
         let _ = client.get_connection()?;