diff --git a/idea/common/package.json b/idea/common/package.json
index d1445ddb79..5795e6da3c 100644
--- a/idea/common/package.json
+++ b/idea/common/package.json
@@ -8,8 +8,8 @@
     "build": "tsc"
   },
   "dependencies": {
-    "@gear-js/api": "0.38.1",
-    "@polkadot/api": "13.2.1",
+    "@gear-js/api": "0.39.0",
+    "@polkadot/api": "14.3.1",
     "winston": "3.7.2"
   },
   "license": "ISC",
diff --git a/idea/faucet/package.json b/idea/faucet/package.json
index f4a7083d3d..785f38e17c 100644
--- a/idea/faucet/package.json
+++ b/idea/faucet/package.json
@@ -12,9 +12,9 @@
   "author": "",
   "license": "ISC",
   "dependencies": {
-    "@gear-js/api": "0.38.1",
+    "@gear-js/api": "0.39.0",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "chalk": "4.1.2",
     "class-transformer": "0.5.1",
     "cron": "^3.1.6",
diff --git a/idea/frontend/package.json b/idea/frontend/package.json
index 429899be34..41370a9c8a 100644
--- a/idea/frontend/package.json
+++ b/idea/frontend/package.json
@@ -9,15 +9,15 @@
     "preview": "vite preview"
   },
   "dependencies": {
-    "@gear-js/api": "0.38.3",
+    "@gear-js/api": "0.39.0",
     "@gear-js/react-hooks": "workspace:^",
     "@gear-js/ui": "workspace:^",
     "@gear-js/wallet-connect": "workspace:^",
     "@hcaptcha/react-hcaptcha": "1.8.1",
     "@hookform/resolvers": "3.3.2",
-    "@polkadot/api": "13.2.1",
-    "@polkadot/react-identicon": "3.6.3",
-    "@polkadot/types": "13.2.1",
+    "@polkadot/api": "14.3.1",
+    "@polkadot/react-identicon": "3.11.3",
+    "@polkadot/types": "14.3.1",
     "@polkadot/util": "12.6.2",
     "@react-aria/utils": "3.21.0",
     "@tanstack/react-query": "5.56.2",
diff --git a/idea/frontend/src/features/balance/ui/balance-dropdown/balance-dropdown.tsx b/idea/frontend/src/features/balance/ui/balance-dropdown/balance-dropdown.tsx
index 7e21412e89..b4565e3817 100644
--- a/idea/frontend/src/features/balance/ui/balance-dropdown/balance-dropdown.tsx
+++ b/idea/frontend/src/features/balance/ui/balance-dropdown/balance-dropdown.tsx
@@ -87,8 +87,7 @@ function BalanceDropdown() {
 
   if (!balance) return null;
 
-  // availableBalance should be changed to transferableBalance after @polkadot/api 12.4 update
-  const { freeBalance, reservedBalance, availableBalance: transferable, lockedBalance } = balance;
+  const { freeBalance, reservedBalance, transferable, availableBalance, lockedBalance } = balance;
 
   return (
     <div className={styles.container} ref={ref}>
@@ -99,7 +98,7 @@ function BalanceDropdown() {
           <span className={styles.heading}>Transferable Balance:</span>
 
           <span>
-            <Balance value={transferable} hideUnit />
+            <Balance value={transferable || availableBalance} hideUnit />
             <ArrowSVG className={styles.arrow} />
           </span>
         </span>
@@ -108,7 +107,7 @@ function BalanceDropdown() {
       <CSSTransition in={isOpen} timeout={AnimationTimeout.Default} mountOnEnter unmountOnExit>
         <Dropdown
           total={freeBalance.add(reservedBalance).toString()}
-          transferable={transferable}
+          transferable={transferable || availableBalance}
           lockedBalance={lockedBalance}
           onHeaderClick={close}
         />
diff --git a/idea/frontend/src/features/balance/ui/transfer-balance-modal/transfer-balance-modal.tsx b/idea/frontend/src/features/balance/ui/transfer-balance-modal/transfer-balance-modal.tsx
index c39869837f..30af98b0bb 100644
--- a/idea/frontend/src/features/balance/ui/transfer-balance-modal/transfer-balance-modal.tsx
+++ b/idea/frontend/src/features/balance/ui/transfer-balance-modal/transfer-balance-modal.tsx
@@ -82,7 +82,7 @@ const TransferBalanceModal = ({ defaultAddress = '', onClose }: Props) => {
 
               <div className={styles.balance}>
                 <p className={styles.text}>Your transferable balance:</p>
-                <Balance value={balance?.availableBalance} variant="secondary" />
+                <Balance value={balance?.transferable || balance?.availableBalance} variant="secondary" />
               </div>
             </div>
 
diff --git a/idea/indexer/package.json b/idea/indexer/package.json
index 4ef241a087..a928cd6791 100644
--- a/idea/indexer/package.json
+++ b/idea/indexer/package.json
@@ -16,7 +16,7 @@
   "dependencies": {
     "@gear-js/api": "^0.38.1",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "amqplib": "0.10.3",
     "class-transformer": "0.5.1",
     "cron": "^3.1.6",
@@ -26,7 +26,7 @@
     "winston": "3.8.2"
   },
   "devDependencies": {
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "@types/amqplib": "0.10.1",
     "@types/node": "18.15.11",
     "jest": "29.5.0",
diff --git a/idea/meta-storage-2/package.json b/idea/meta-storage-2/package.json
index cea6f84f62..5e9596c142 100644
--- a/idea/meta-storage-2/package.json
+++ b/idea/meta-storage-2/package.json
@@ -12,9 +12,9 @@
     "typescript": "5.5.3"
   },
   "dependencies": {
-    "@gear-js/api": "0.38.1",
+    "@gear-js/api": "0.39.0",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "dotenv": "^16.3.1",
     "express": "4.18.1",
     "pg": "8.10.0",
diff --git a/idea/meta-storage/package.json b/idea/meta-storage/package.json
index 47344f5f03..01c9422c61 100644
--- a/idea/meta-storage/package.json
+++ b/idea/meta-storage/package.json
@@ -6,9 +6,9 @@
     "typescript": "5.5.3"
   },
   "dependencies": {
-    "@gear-js/api": "0.38.1",
+    "@gear-js/api": "0.39.0",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "amqplib": "0.10.3",
     "dotenv": "^16.3.1",
     "pg": "8.10.0",
diff --git a/idea/squid/package.json b/idea/squid/package.json
index 7e9d97a22a..442f4a94f4 100644
--- a/idea/squid/package.json
+++ b/idea/squid/package.json
@@ -12,8 +12,8 @@
     "migration:apply": "squid-typeorm-migration apply"
   },
   "dependencies": {
-    "@gear-js/api": "0.38.1",
-    "@polkadot/api": "13.2.1",
+    "@gear-js/api": "0.39.0",
+    "@polkadot/api": "14.3.1",
     "@subsquid/graphql-server": "4.5.1",
     "@subsquid/ss58": "2.0.2",
     "@subsquid/substrate-processor": "8.3.0",
diff --git a/idea/test-balance/package.json b/idea/test-balance/package.json
index 177dea66fb..eda596a8d5 100644
--- a/idea/test-balance/package.json
+++ b/idea/test-balance/package.json
@@ -11,9 +11,9 @@
   "author": "",
   "license": "ISC",
   "dependencies": {
-    "@gear-js/api": "0.38.1",
+    "@gear-js/api": "0.39.0",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "@types/amqplib": "0.8.2",
     "amqplib": "0.10.3",
     "chalk": "4.1.2",
diff --git a/idea/tests/package.json b/idea/tests/package.json
index 14f2387257..74a70e31da 100644
--- a/idea/tests/package.json
+++ b/idea/tests/package.json
@@ -12,9 +12,9 @@
     "@babel/plugin-transform-typescript": "7.20.2",
     "@babel/preset-env": "7.20.2",
     "@babel/preset-typescript": "7.18.6",
-    "@gear-js/api": "0.38.1",
+    "@gear-js/api": "0.39.0",
     "@gear-js/common": "workspace:^",
-    "@polkadot/api": "13.2.1",
+    "@polkadot/api": "14.3.1",
     "babel-jest": "28.1.3",
     "dotenv": "16.0.3",
     "jest": "^29.1.2",
diff --git a/utils/gear-hooks/package.json b/utils/gear-hooks/package.json
index b35f7f8718..395c9a310d 100644
--- a/utils/gear-hooks/package.json
+++ b/utils/gear-hooks/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@gear-js/react-hooks",
-  "version": "0.13.2",
+  "version": "0.14.0",
   "description": "React hooks used across Gear applications",
   "author": "Gear Technologies",
   "license": "GPL-3.0",
@@ -21,27 +21,27 @@
     "prepare": "yarn build"
   },
   "peerDependencies": {
-    "@gear-js/api": "0.38.3",
-    "@polkadot/api": "13.2.1",
+    "@gear-js/api": "0.39.0",
+    "@polkadot/api": "14.3.1",
     "@tanstack/react-query": "^5.56.2",
     "react": "^18.2.0",
     "react-dom": "^18.2.0",
     "sails-js": "0.3.0"
   },
   "dependencies": {
-    "@polkadot/api-derive": "13.2.1",
-    "@polkadot/extension-inject": "0.51.1",
-    "@polkadot/util": "12.6.2",
-    "@substrate/connect": "0.8.10",
+    "@polkadot/api-derive": "14.3.1",
+    "@polkadot/extension-inject": "0.56.2",
+    "@polkadot/util": "13.2.3",
+    "@substrate/connect": "2.1.0",
     "bignumber.js": "9.1.2",
     "nanoid": "5.0.1",
     "react-transition-group": "4.4.5",
     "sails-js-parser": "0.0.1"
   },
   "devDependencies": {
-    "@gear-js/api": "0.38.3",
-    "@polkadot/api": "13.2.1",
-    "@polkadot/types": "13.2.1",
+    "@gear-js/api": "0.39.0",
+    "@polkadot/api": "14.3.1",
+    "@polkadot/types": "14.3.1",
     "@rollup/plugin-commonjs": "25.0.5",
     "@rollup/plugin-node-resolve": "15.2.3",
     "@tanstack/react-query": "5.56.2",
diff --git a/utils/wallet-connect/package.json b/utils/wallet-connect/package.json
index 50c53281ac..610baa61a0 100644
--- a/utils/wallet-connect/package.json
+++ b/utils/wallet-connect/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@gear-js/wallet-connect",
-  "version": "0.1.2",
+  "version": "0.2.0",
   "type": "module",
   "description": "React library to connect Substrate based wallets to Gear dApps",
   "author": "Gear Technologies",
@@ -24,7 +24,7 @@
     "preview": "vite preview"
   },
   "peerDependencies": {
-    "@gear-js/react-hooks": "^0.13.2",
+    "@gear-js/react-hooks": "^0.14.0",
     "@gear-js/ui": "^0.5.28",
     "@gear-js/vara-ui": "^0.0.11"
   },
@@ -37,10 +37,10 @@
     }
   },
   "devDependencies": {
-    "@gear-js/react-hooks": "0.13.2",
+    "@gear-js/react-hooks": "0.14.0",
     "@gear-js/ui": "0.5.28",
     "@gear-js/vara-ui": "0.0.11",
-    "@polkadot/react-identicon": "3.10.1",
+    "@polkadot/react-identicon": "3.11.3",
     "@tanstack/react-query": "5.56.2",
     "@types/react": "18.3.2",
     "@types/react-dom": "18.3.0",
diff --git a/utils/wallet-connect/src/components/balance/balance.tsx b/utils/wallet-connect/src/components/balance/balance.tsx
index 49d25e5ca2..ca6ade141b 100644
--- a/utils/wallet-connect/src/components/balance/balance.tsx
+++ b/utils/wallet-connect/src/components/balance/balance.tsx
@@ -14,7 +14,9 @@ function Balance({ theme }: Props) {
   const { getFormattedBalance } = useBalanceFormat();
 
   const { data: balances } = useDeriveBalancesAll({ address: account?.decodedAddress, watch: true });
-  const balance = isApiReady && balances ? getFormattedBalance(balances.freeBalance) : undefined;
+
+  const balance =
+    isApiReady && balances ? getFormattedBalance(balances.transferable || balances.availableBalance) : undefined;
 
   if (!balance) return null;
 
diff --git a/yarn.lock b/yarn.lock
index ad94d3bb01..878f2a587c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2491,25 +2491,25 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@gear-js/api@npm:0.38.1, @gear-js/api@npm:^0.38.1":
-  version: 0.38.1
-  resolution: "@gear-js/api@npm:0.38.1"
+"@gear-js/api@npm:0.39.0":
+  version: 0.39.0
+  resolution: "@gear-js/api@npm:0.39.0"
   peerDependencies:
-    "@polkadot/api": 11.0.2
-    "@polkadot/wasm-crypto": 7.3.2
+    "@polkadot/api": 14.3.1
+    "@polkadot/wasm-crypto": 7.4.1
     rxjs: 7.8.1
-  checksum: 9e516a1a5842c76c565ba3b1f8abbb5f58ba73ad5f46fe969de5366d7eeea22bf9d9e5feacc837298b7af0492070b7e874ea1347c21bc316d3b96938929b595c
+  checksum: 224138b69c48fa713f07f370f0b60e61bcb86a2e5dea8cef74d575da457c26866d517498c047baaaf4c75c1892f6eb6c03558e27ef694d530dea3b812eede475
   languageName: node
   linkType: hard
 
-"@gear-js/api@npm:0.38.3":
-  version: 0.38.3
-  resolution: "@gear-js/api@npm:0.38.3"
+"@gear-js/api@npm:^0.38.1":
+  version: 0.38.1
+  resolution: "@gear-js/api@npm:0.38.1"
   peerDependencies:
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 11.0.2
     "@polkadot/wasm-crypto": 7.3.2
     rxjs: 7.8.1
-  checksum: 00cac33dec64e7e9b1816191a003b5d89c2abd4425ffcccd6641ae2536472fc221f460f3025279e01c68ab930fd011442e36f95af381639d3158e7eb0820fc0e
+  checksum: 9e516a1a5842c76c565ba3b1f8abbb5f58ba73ad5f46fe969de5366d7eeea22bf9d9e5feacc837298b7af0492070b7e874ea1347c21bc316d3b96938929b595c
   languageName: node
   linkType: hard
 
@@ -2517,8 +2517,8 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/common@workspace:idea/common"
   dependencies:
-    "@gear-js/api": 0.38.1
-    "@polkadot/api": 13.2.1
+    "@gear-js/api": 0.39.0
+    "@polkadot/api": 14.3.1
     typescript: 4.7.4
     winston: 3.7.2
   languageName: unknown
@@ -2528,9 +2528,9 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/faucet@workspace:idea/faucet"
   dependencies:
-    "@gear-js/api": 0.38.1
+    "@gear-js/api": 0.39.0
     "@gear-js/common": "workspace:^"
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 14.3.1
     "@types/express": 4.17.13
     "@types/jest": ^29.5.12
     "@types/supertest": ^6.0.2
@@ -2564,15 +2564,15 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/frontend@workspace:idea/frontend"
   dependencies:
-    "@gear-js/api": 0.38.3
+    "@gear-js/api": 0.39.0
     "@gear-js/react-hooks": "workspace:^"
     "@gear-js/ui": "workspace:^"
     "@gear-js/wallet-connect": "workspace:^"
     "@hcaptcha/react-hcaptcha": 1.8.1
     "@hookform/resolvers": 3.3.2
-    "@polkadot/api": 13.2.1
-    "@polkadot/react-identicon": 3.6.3
-    "@polkadot/types": 13.2.1
+    "@polkadot/api": 14.3.1
+    "@polkadot/react-identicon": 3.11.3
+    "@polkadot/types": 14.3.1
     "@polkadot/util": 12.6.2
     "@react-aria/utils": 3.21.0
     "@tanstack/react-query": 5.56.2
@@ -2633,7 +2633,7 @@ __metadata:
   dependencies:
     "@gear-js/api": ^0.38.1
     "@gear-js/common": "workspace:^"
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 14.3.1
     "@types/amqplib": 0.10.1
     "@types/node": 18.15.11
     amqplib: 0.10.3
@@ -2655,9 +2655,9 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/meta-storage-2@workspace:idea/meta-storage-2"
   dependencies:
-    "@gear-js/api": 0.38.1
+    "@gear-js/api": 0.39.0
     "@gear-js/common": "workspace:^"
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 14.3.1
     "@types/express": 4.17.13
     "@types/jest": ^29.5.12
     "@types/supertest": ^6.0.2
@@ -2679,9 +2679,9 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/meta-storage@workspace:idea/meta-storage"
   dependencies:
-    "@gear-js/api": 0.38.1
+    "@gear-js/api": 0.39.0
     "@gear-js/common": "workspace:^"
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 14.3.1
     amqplib: 0.10.3
     dotenv: ^16.3.1
     pg: 8.10.0
@@ -2691,19 +2691,19 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@gear-js/react-hooks@0.13.2, @gear-js/react-hooks@workspace:^, @gear-js/react-hooks@workspace:utils/gear-hooks":
+"@gear-js/react-hooks@0.14.0, @gear-js/react-hooks@workspace:^, @gear-js/react-hooks@workspace:utils/gear-hooks":
   version: 0.0.0-use.local
   resolution: "@gear-js/react-hooks@workspace:utils/gear-hooks"
   dependencies:
-    "@gear-js/api": 0.38.3
-    "@polkadot/api": 13.2.1
-    "@polkadot/api-derive": 13.2.1
-    "@polkadot/extension-inject": 0.51.1
-    "@polkadot/types": 13.2.1
-    "@polkadot/util": 12.6.2
+    "@gear-js/api": 0.39.0
+    "@polkadot/api": 14.3.1
+    "@polkadot/api-derive": 14.3.1
+    "@polkadot/extension-inject": 0.56.2
+    "@polkadot/types": 14.3.1
+    "@polkadot/util": 13.2.3
     "@rollup/plugin-commonjs": 25.0.5
     "@rollup/plugin-node-resolve": 15.2.3
-    "@substrate/connect": 0.8.10
+    "@substrate/connect": 2.1.0
     "@tanstack/react-query": 5.56.2
     "@types/react": 18.3.3
     "@types/react-dom": 18.3.0
@@ -2721,8 +2721,8 @@ __metadata:
     sails-js-parser: 0.0.1
     typescript: 5.5.4
   peerDependencies:
-    "@gear-js/api": 0.38.3
-    "@polkadot/api": 13.2.1
+    "@gear-js/api": 0.39.0
+    "@polkadot/api": 14.3.1
     "@tanstack/react-query": ^5.56.2
     react: ^18.2.0
     react-dom: ^18.2.0
@@ -2734,9 +2734,9 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/test-balance@workspace:idea/test-balance"
   dependencies:
-    "@gear-js/api": 0.38.1
+    "@gear-js/api": 0.39.0
     "@gear-js/common": "workspace:^"
-    "@polkadot/api": 13.2.1
+    "@polkadot/api": 14.3.1
     "@types/amqplib": 0.8.2
     "@types/express": 4.17.13
     "@typescript-eslint/eslint-plugin": 4.33.0
@@ -2838,10 +2838,10 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@gear-js/wallet-connect@workspace:utils/wallet-connect"
   dependencies:
-    "@gear-js/react-hooks": 0.13.2
+    "@gear-js/react-hooks": 0.14.0
     "@gear-js/ui": 0.5.28
     "@gear-js/vara-ui": 0.0.11
-    "@polkadot/react-identicon": 3.10.1
+    "@polkadot/react-identicon": 3.11.3
     "@tanstack/react-query": 5.56.2
     "@types/react": 18.3.2
     "@types/react-dom": 18.3.0
@@ -2859,7 +2859,7 @@ __metadata:
     vite-plugin-node-polyfills: 0.22.0
     vite-plugin-svgr: 3.2.0
   peerDependencies:
-    "@gear-js/react-hooks": ^0.13.2
+    "@gear-js/react-hooks": ^0.14.0
     "@gear-js/ui": ^0.5.28
     "@gear-js/vara-ui": ^0.0.11
   peerDependenciesMeta:
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