diff --git a/Cargo.lock b/Cargo.lock
index 033a590dcc3..db826456595 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3341,8 +3341,7 @@ dependencies = [
  "serde",
  "serde_json",
  "strum",
- "tracing",
- "tracing-subscriber",
+ "tracing-span-tree 0.1.0 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
@@ -4428,7 +4427,7 @@ dependencies = [
  "state-viewer",
  "tempfile",
  "testlib",
- "tracing-span-tree",
+ "tracing-span-tree 0.1.0 (git+https://github.com/matklad/tracing-span-tree)",
  "walrus",
  "wat",
 ]
@@ -5359,7 +5358,17 @@ dependencies = [
 [[package]]
 name = "tracing-span-tree"
 version = "0.1.0"
-source = "git+https://github.com/matklad/tracing-span-tree#c75a3da12384a4dc0e265bdf8d7d9b2f83fad064"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "877726b1570d7764022ef20cc61479b5bcfc1118b90521ce61f6cc9e4f5ffbd8"
+dependencies = [
+ "tracing",
+ "tracing-subscriber",
+]
+
+[[package]]
+name = "tracing-span-tree"
+version = "0.1.0"
+source = "git+https://github.com/matklad/tracing-span-tree#e8864ad0274bc9342b88e1ee3388f7b6a36a47f2"
 dependencies = [
  "tracing",
  "tracing-subscriber",
diff --git a/runtime/near-vm-runner-standalone/Cargo.toml b/runtime/near-vm-runner-standalone/Cargo.toml
index b2f7df36eb9..5570c764e11 100644
--- a/runtime/near-vm-runner-standalone/Cargo.toml
+++ b/runtime/near-vm-runner-standalone/Cargo.toml
@@ -24,8 +24,7 @@ clap = "=3.0.0-beta.2"
 base64 = "0.13"
 strum = "0.20"
 num-rational = "0.3"
-tracing = "0.1"
-tracing-subscriber = "0.2"
+tracing-span-tree = "0.1"
 
 near-vm-logic = { path = "../near-vm-logic", version = "3.0.0", features = ["costs_counting"]}
 near-vm-runner = { path = "../near-vm-runner", version = "3.0.0", features = ["wasmtime_vm", "wasmer1_vm"] }
diff --git a/runtime/near-vm-runner-standalone/src/main.rs b/runtime/near-vm-runner-standalone/src/main.rs
index 408034e9258..7e4db636c1a 100644
--- a/runtime/near-vm-runner-standalone/src/main.rs
+++ b/runtime/near-vm-runner-standalone/src/main.rs
@@ -7,7 +7,6 @@
 //! Optional `--context-file=/tmp/context.json --config-file=/tmp/config.json` could be added
 //! to provide custom context and VM config.
 mod script;
-mod tracing_timings;
 
 use crate::script::Script;
 use clap::Clap;
@@ -121,7 +120,7 @@ fn main() {
     let cli_args = CliArgs::parse();
 
     if cli_args.timings {
-        tracing_timings::enable();
+        tracing_span_tree::span_tree().enable();
     }
 
     let mut script = Script::default();
diff --git a/runtime/near-vm-runner-standalone/src/script.rs b/runtime/near-vm-runner-standalone/src/script.rs
index dbb130c445b..6390b65f530 100644
--- a/runtime/near-vm-runner-standalone/src/script.rs
+++ b/runtime/near-vm-runner-standalone/src/script.rs
@@ -192,7 +192,7 @@ fn default_vm_context() -> VMContext {
 fn vm_script_smoke_test() {
     use near_vm_logic::ReturnData;
 
-    crate::tracing_timings::enable();
+    tracing_span_tree::span_tree().enable();
 
     let mut script = Script::default();
     script.contract_cache(true);
@@ -242,7 +242,7 @@ fn profile_data_is_per_outcome() {
 fn test_evm_slow_deserialize_repro() {
     fn evm_slow_deserialize_repro(vm_kind: VMKind) {
         println!("evm_slow_deserialize_repro of {:?}", &vm_kind);
-        crate::tracing_timings::enable();
+        tracing_span_tree::span_tree().enable();
 
         let mut script = Script::default();
         script.vm_kind(vm_kind);
diff --git a/runtime/near-vm-runner-standalone/src/tracing_timings.rs b/runtime/near-vm-runner-standalone/src/tracing_timings.rs
deleted file mode 100644
index 59da00c6134..00000000000
--- a/runtime/near-vm-runner-standalone/src/tracing_timings.rs
+++ /dev/null
@@ -1,78 +0,0 @@
-//! Consumer of `tracing` data, which prints a hierarchical profile.
-//!
-//! Based on https://github.com/davidbarsky/tracing-tree, but does less, while
-//! actually printing timings for spans.
-
-use std::fmt;
-use std::time::Instant;
-
-use tracing::debug;
-use tracing::field::{Field, Visit};
-use tracing::span::Attributes;
-use tracing::{Event, Id, Subscriber};
-use tracing_subscriber::layer::Context;
-use tracing_subscriber::prelude::*;
-use tracing_subscriber::registry::LookupSpan;
-use tracing_subscriber::Layer;
-
-pub fn enable() {
-    let subscriber = tracing_subscriber::Registry::default().with(Timings);
-    tracing::subscriber::set_global_default(subscriber)
-        .unwrap_or_else(|_| debug!("Global subscriber is already set"));
-}
-
-struct Timings;
-
-struct Data {
-    start: Instant,
-}
-
-impl Data {
-    fn new(attrs: &Attributes<'_>) -> Self {
-        let mut span = Self { start: Instant::now() };
-        attrs.record(&mut span);
-        span
-    }
-}
-
-impl Visit for Data {
-    fn record_debug(&mut self, _field: &Field, _value: &dyn fmt::Debug) {}
-}
-
-impl<S> Layer<S> for Timings
-where
-    S: Subscriber + for<'span> LookupSpan<'span> + fmt::Debug,
-{
-    fn new_span(&self, attrs: &Attributes, id: &Id, ctx: Context<S>) {
-        let span = ctx.span(id).unwrap();
-
-        let data = Data::new(attrs);
-        span.extensions_mut().insert(data);
-    }
-
-    fn on_event(&self, _event: &Event<'_>, _ctx: Context<S>) {}
-
-    fn on_close(&self, id: Id, ctx: Context<S>) {
-        let span = ctx.span(&id).unwrap();
-        #[allow(deprecated)]
-        let level = ctx.scope().count();
-
-        let ext = span.extensions();
-        let data = ext.get::<Data>().unwrap();
-
-        let bold = "\u{001b}[1m";
-        let reset = "\u{001b}[0m";
-        eprintln!(
-            "{:width$}  {:3.2?} {bold}{}{reset}",
-            "",
-            data.start.elapsed(),
-            span.name(),
-            bold = bold,
-            reset = reset,
-            width = level * 2
-        );
-        if level == 0 {
-            eprintln!()
-        }
-    }
-}
diff --git a/runtime/near-vm-runner/README.md b/runtime/near-vm-runner/README.md
index 83a90464d8f..81b60ccb01e 100644
--- a/runtime/near-vm-runner/README.md
+++ b/runtime/near-vm-runner/README.md
@@ -66,10 +66,10 @@ tracing_subscriber::fmt::Subscriber::builder()
 code_to_profile_here();
 ```
 
-Alternatively, in the `standalone` crate we have a more compact hierarchical subscriber
+Alternatively, there's an alternative hierarchical profiler
 
 ```rust
-crate::tracing_timings::enable();
+tracing_span_tree::span_tree().enable();;
 
 code_to_profile_here();
 ```
diff --git a/runtime/runtime-params-estimator/src/v2.rs b/runtime/runtime-params-estimator/src/v2.rs
index 6a844fcd992..bfc398c8021 100644
--- a/runtime/runtime-params-estimator/src/v2.rs
+++ b/runtime/runtime-params-estimator/src/v2.rs
@@ -428,7 +428,7 @@ fn slow() {
         metrics_to_measure: Some(vec!["ActionDeployContractBase".to_string()]),
     };
 
-    tracing_span_tree::enable_aggregated();
+    tracing_span_tree::span_tree().enable();
     let mut ctx = Ctx::new(&config);
     action_deploy_contract_base(&mut ctx);
 }
@@ -469,6 +469,6 @@ fn fast() {
         s.blocks.push(block)
     }
 
-    tracing_span_tree::enable_aggregated();
+    tracing_span_tree::span_tree().enable();
     s.run().unwrap();
 }