diff --git a/pkgs/development/web/deno/default.nix b/pkgs/development/web/deno/default.nix
index 126226205d6a..d27dac79b7b3 100644
--- a/pkgs/development/web/deno/default.nix
+++ b/pkgs/development/web/deno/default.nix
@@ -17,15 +17,15 @@
 
 rustPlatform.buildRustPackage rec {
   pname = "deno";
-  version = "1.15.3";
+  version = "1.16.2";
 
   src = fetchFromGitHub {
     owner = "denoland";
     repo = pname;
     rev = "v${version}";
-    sha256 = "sha256-IFEo2F3gayR2LmAAJXezZPXpRfZf4re3YPZRcXpqx6o=";
+    sha256 = "sha256-Qf1eDQ6ZbBGOQIDh2q8hKjsKB0Ri9Hjqq1AMOTanML0=";
   };
-  cargoSha256 = "sha256-9ZpPiqlqP01B9ETpVqVreivNuSMB1td4LinxXdH7PsM=";
+  cargoSha256 = "sha256-ZA9pR8yQV5v/Xa/B7M01PIqrkBe1DVIXC5VURoE1EtI=";
 
   # Install completions post-install
   nativeBuildInputs = [ installShellFiles ];
@@ -35,20 +35,9 @@ rustPlatform.buildRustPackage rec {
   buildInputs = lib.optionals stdenv.isDarwin
     [ libiconv libobjc Security CoreServices Metal Foundation QuartzCore ];
 
-  # The rusty_v8 package will try to download a `librusty_v8.a` release at build time to our read-only filesystem
-  # To avoid this we pre-download the file and place it in the locations it will require it in advance
-  preBuild =
-    let arch = rust.toRustTarget stdenv.hostPlatform; in
-    ''
-      _librusty_v8_setup() {
-        for v in "$@"; do
-          install -D ${librusty_v8} "target/$v/gn_out/obj/librusty_v8.a"
-        done
-      }
-
-      # Copy over the `librusty_v8.a` file inside target/XYZ/gn_out/obj, symlink not allowed
-      _librusty_v8_setup "debug" "release" "${arch}/release"
-    '';
+  # The v8 package will try to download a `librusty_v8.a` release at build time to our read-only filesystem
+  # To avoid this we pre-download the file and export it via RUSTY_V8_ARCHIVE
+  RUSTY_V8_ARCHIVE = librusty_v8;
 
   # Tests have some inconsistencies between runs with output integration tests
   # Skipping until resolved
diff --git a/pkgs/development/web/deno/librusty_v8.nix b/pkgs/development/web/deno/librusty_v8.nix
index 6e63681f66bb..7539f41e3afe 100644
--- a/pkgs/development/web/deno/librusty_v8.nix
+++ b/pkgs/development/web/deno/librusty_v8.nix
@@ -11,11 +11,11 @@ let
   };
 in
 fetch_librusty_v8 {
-  version = "0.32.0";
+  version = "0.34.0";
   shas = {
-    x86_64-linux = "sha256-35Rm4j4BJNCfl3MQJIpKw1altzm9fgvZ6WeC2cF4Qzc=";
-    aarch64-linux = "sha256-w1ljFwao/YMO27QSaEyVl7HEVnfzZyVOXZK4xN0205Y=";
-    x86_64-darwin = "sha256-oNrF9lFkgMgphDElKQRXMq9uYua75e2HrfflNO+CyPk=";
-    aarch64-darwin = "sha256-Bz9C1AChvGJYamnIg1XtYyTzmIisL0Oe/yDjB7ZebMw=";
+    x86_64-linux = "sha256-Ly5bEfC993JH3/1VNpFu72Dv8kJYOFu+HIlEUJJcHps=";
+    aarch64-linux = "sha256-zazlvm4uyHD6Z+2JmeHS7gQ84C83KTWOGqNjSNPgoT0=";
+    x86_64-darwin = "sha256-RTgbtkCAuIj/ceJNbdA0yfKtFG8hSZgurEHEuUfJ7fk=";
+    aarch64-darwin = "sha256-xrOUPEZ4tj2BK6pDeoTpTKDx4E1KUEQ+lGMyduKDvBE=";
   };
 }
diff --git a/pkgs/development/web/deno/update/librusty_v8.ts b/pkgs/development/web/deno/update/librusty_v8.ts
index dee3277c5812..91244cd9d6a2 100644
--- a/pkgs/development/web/deno/update/librusty_v8.ts
+++ b/pkgs/development/web/deno/update/librusty_v8.ts
@@ -25,9 +25,7 @@ const getLibrustyV8Version = async (
 ) =>
   fetch(`https://github.com/${owner}/${repo}/raw/${version}/core/Cargo.toml`)
     .then((res) => res.text())
-    .then((txt) =>
-      txt.match(genValueRegExp("rusty_v8", versionRegExp))?.shift()
-    );
+    .then((txt) => txt.match(genValueRegExp("v8", versionRegExp))?.shift());
 
 const fetchArchShaTasks = (version: string, arches: Architecture[]) =>
   arches.map(