diff --git a/entities/Cargo.toml b/entities/Cargo.toml
index 416a4af2..724ec2a1 100644
--- a/entities/Cargo.toml
+++ b/entities/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "entities"
-version = "0.42.0"
+version = "0.43.0"
 edition = "2021"
 
 [lib]
@@ -10,7 +10,7 @@ path = "src/mod.rs"
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
 [dependencies]
-ethers = { version = "2.0.9", default-features = false }
+ethers = { version = "2.0.10", default-features = false }
 sea-orm = "0.12.2"
 serde = "1.0.188"
-ulid = "1.0.1"
+ulid = "1.1.0"
diff --git a/migration/Cargo.toml b/migration/Cargo.toml
index 92af3533..99cdda72 100644
--- a/migration/Cargo.toml
+++ b/migration/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "migration"
-version = "0.42.0"
+version = "0.43.0"
 edition = "2021"
 publish = false
 
@@ -10,7 +10,7 @@ path = "src/lib.rs"
 
 [dependencies]
 tokio = { version = "1.32.0", features = ["full", "tracing"] }
-chrono = "0.4.29"
+chrono = "0.4.30"
 sea-orm = { version = "0.12.2", features = ["with-chrono"]}
 
 [dependencies.sea-orm-migration]
diff --git a/migration/src/lib.rs b/migration/src/lib.rs
index fdf55e82..508a5142 100644
--- a/migration/src/lib.rs
+++ b/migration/src/lib.rs
@@ -42,6 +42,7 @@ mod m20230713_210511_deposit_add_date_created;
 mod m20230726_072845_default_premium_user_tier;
 mod m20230726_162138_drop_rpc_accounting_v2_fk;
 mod m20230726_225124_reduce_out_of_funds_tier_limits;
+mod m20230911_180520_high_concurrency_tier;
 
 pub struct Migrator;
 
@@ -91,6 +92,7 @@ impl MigratorTrait for Migrator {
             Box::new(m20230726_072845_default_premium_user_tier::Migration),
             Box::new(m20230726_162138_drop_rpc_accounting_v2_fk::Migration),
             Box::new(m20230726_225124_reduce_out_of_funds_tier_limits::Migration),
+            Box::new(m20230911_180520_high_concurrency_tier::Migration),
         ]
     }
 }
diff --git a/migration/src/m20230911_180520_high_concurrency_tier.rs b/migration/src/m20230911_180520_high_concurrency_tier.rs
new file mode 100644
index 00000000..ee5369b5
--- /dev/null
+++ b/migration/src/m20230911_180520_high_concurrency_tier.rs
@@ -0,0 +1,59 @@
+use sea_orm_migration::prelude::*;
+
+#[derive(DeriveMigrationName)]
+pub struct Migration;
+
+#[async_trait::async_trait]
+impl MigrationTrait for Migration {
+    async fn up(&self, manager: &SchemaManager) -> Result<(), DbErr> {
+        let db_conn = manager.get_connection();
+        let db_backend = manager.get_database_backend();
+
+        let select_free_id = Query::select()
+            .column(UserTier::Id)
+            .column(UserTier::Title)
+            .from(UserTier::Table)
+            .and_having(Expr::col(UserTier::Title).eq("Free"))
+            .to_owned();
+
+        let free_id: u64 = db_conn
+            .query_one(db_backend.build(&select_free_id))
+            .await?
+            .expect("Free tier should always exist")
+            .try_get("", &UserTier::Id.to_string())?;
+
+        let user_tiers = Query::insert()
+            .into_table(UserTier::Table)
+            .columns([
+                UserTier::Title,
+                UserTier::MaxRequestsPerPeriod,
+                UserTier::MaxConcurrentRequests,
+                UserTier::DowngradeTierId,
+            ])
+            .values_panic([
+                "High Concurrency".into(),
+                None::<u64>.into(),
+                Some(300).into(),
+                Some(free_id).into(),
+            ])
+            .to_owned();
+
+        manager.exec_stmt(user_tiers).await?;
+
+        Ok(())
+    }
+
+    async fn down(&self, _manager: &SchemaManager) -> Result<(), DbErr> {
+        Ok(())
+    }
+}
+
+#[derive(Iden)]
+enum UserTier {
+    Table,
+    Id,
+    Title,
+    MaxRequestsPerPeriod,
+    MaxConcurrentRequests,
+    DowngradeTierId,
+}