diff --git a/.gitignore b/.gitignore
index 0251ae90..5e6ef8ea 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,5 +1,5 @@
 # Build files
-/target
+target
 
 # Code Editor related files
 .idea
diff --git a/Cargo.lock b/Cargo.lock
index 3ff03d99..1a2901ee 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -150,9 +150,9 @@ dependencies = [
 
 [[package]]
 name = "anstream"
-version = "0.6.4"
+version = "0.6.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2ab91ebe16eb252986481c5b62f6098f3b698a45e34b5b98200cf20dd2484a44"
+checksum = "4cd2405b3ac1faab2990b74d728624cd9fd115651fcecc7c2d8daf01376275ba"
 dependencies = [
  "anstyle",
  "anstyle-parse",
@@ -830,7 +830,7 @@ dependencies = [
  "bs58 0.4.0",
  "camino",
  "cargo_metadata",
- "clap 4.4.6",
+ "clap 4.4.16",
  "color-eyre",
  "colored",
  "derive_more",
@@ -857,6 +857,7 @@ dependencies = [
  "strum",
  "strum_macros",
  "symbolic-debuginfo",
+ "wasmcov",
  "zstd",
 ]
 
@@ -867,7 +868,7 @@ dependencies = [
  "borsh 1.1.0",
  "camino",
  "cargo-near 0.5.0",
- "clap 4.4.6",
+ "clap 4.4.16",
  "color-eyre",
  "const_format",
  "function_name",
@@ -1020,23 +1021,23 @@ dependencies = [
 
 [[package]]
 name = "clap"
-version = "4.4.6"
+version = "4.4.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d04704f56c2cde07f43e8e2c154b43f216dc5c92fc98ada720177362f953b956"
+checksum = "58e54881c004cec7895b0068a0a954cd5d62da01aef83fa35b1e594497bf5445"
 dependencies = [
  "clap_builder",
- "clap_derive 4.4.2",
+ "clap_derive 4.4.7",
 ]
 
 [[package]]
 name = "clap_builder"
-version = "4.4.6"
+version = "4.4.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0e231faeaca65ebd1ea3c737966bf858971cd38c3849107aa3ea7de90a804e45"
+checksum = "59cb82d7f531603d2fd1f507441cdd35184fa81beff7bd489570de7f773460bb"
 dependencies = [
  "anstream",
  "anstyle",
- "clap_lex 0.5.1",
+ "clap_lex 0.6.0",
  "strsim",
 ]
 
@@ -1055,9 +1056,9 @@ dependencies = [
 
 [[package]]
 name = "clap_derive"
-version = "4.4.2"
+version = "4.4.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0862016ff20d69b84ef8247369fabf5c008a7417002411897d40ee1f4532b873"
+checksum = "cf9804afaaf59a91e75b022a30fb7229a7901f60c755489cc61c9b423b836442"
 dependencies = [
  "heck 0.4.1",
  "proc-macro2",
@@ -1076,9 +1077,9 @@ dependencies = [
 
 [[package]]
 name = "clap_lex"
-version = "0.5.1"
+version = "0.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cd7cc57abe963c6d3b9d8be5b06ba7c8957a930305ca90304f24ef040aa6f961"
+checksum = "702fc72eb24e5a1e48ce58027a675bc24edd52096d5397d4aea7c6dd9eca0bd1"
 
 [[package]]
 name = "color-eyre"
@@ -1397,7 +1398,7 @@ version = "0.7.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d6ee87af31d84ef885378aebca32be3d682b0e0dc119d5b4860a2c5bb5046730"
 dependencies = [
- "uuid",
+ "uuid 0.8.2",
 ]
 
 [[package]]
@@ -1995,6 +1996,12 @@ dependencies = [
  "url",
 ]
 
+[[package]]
+name = "glob"
+version = "0.3.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d2fabcfbdc87f4758337ca535fb41a6d701b65693ce38287d856d1674551ec9b"
+
 [[package]]
 name = "goblin"
 version = "0.5.4"
@@ -2737,6 +2744,16 @@ version = "0.3.17"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6877bb514081ee2a7ff5ef9de3281f14a4dd4bceac4c09388074a6b5df8a139a"
 
+[[package]]
+name = "minicov"
+version = "0.3.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "39f85413e6e1b67d6addd3c64e9dae468845c941448b2007675236d3b3f23858"
+dependencies = [
+ "cc",
+ "walkdir",
+]
+
 [[package]]
 name = "minifier"
 version = "0.2.3"
@@ -2888,7 +2905,7 @@ dependencies = [
  "bs58 0.5.0",
  "bytesize",
  "cargo-util",
- "clap 4.4.6",
+ "clap 4.4.16",
  "color-eyre",
  "derive_more",
  "dirs",
@@ -3070,7 +3087,7 @@ checksum = "af7d35397b02b131c188c72f3885e97daeccab134ec2fc8cc0073a94cf1cfe19"
 dependencies = [
  "actix",
  "atty",
- "clap 4.4.6",
+ "clap 4.4.16",
  "near-crypto 0.17.0",
  "near-primitives-core 0.17.0",
  "once_cell",
@@ -3854,7 +3871,7 @@ checksum = "13f4d162ecaaa1467de5afbe62d597757b674b51da8bb4e587430c5fdb2af7aa"
 dependencies = [
  "fallible-iterator",
  "scroll 0.10.2",
- "uuid",
+ "uuid 0.8.2",
 ]
 
 [[package]]
@@ -5037,7 +5054,7 @@ dependencies = [
  "debugid",
  "memmap2",
  "stable_deref_trait",
- "uuid",
+ "uuid 0.8.2",
 ]
 
 [[package]]
@@ -5720,6 +5737,15 @@ version = "0.8.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bc5cf98d8186244414c848017f0e2676b3fcb46807f6668a97dfe67359a3c4b7"
 
+[[package]]
+name = "uuid"
+version = "1.6.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5e395fcf16a7a3d8127ec99782007af141946b4795001f876d54fb0d55978560"
+dependencies = [
+ "getrandom 0.2.10",
+]
+
 [[package]]
 name = "valuable"
 version = "0.1.0"
@@ -5841,6 +5867,20 @@ version = "0.2.87"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ca6ad05a4870b2bf5fe995117d3728437bd27d7cd5f06f13c17443ef369775a1"
 
+[[package]]
+name = "wasmcov"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "809701d4b9fcf57dd88256a08f0f9758b70a8d3c974d6052dd6420f175245ff7"
+dependencies = [
+ "anyhow",
+ "clap 4.4.16",
+ "glob",
+ "minicov",
+ "regex",
+ "uuid 1.6.1",
+]
+
 [[package]]
 name = "wasmparser"
 version = "0.83.0"
diff --git a/cargo-near/Cargo.toml b/cargo-near/Cargo.toml
index 289e83c4..963c0433 100644
--- a/cargo-near/Cargo.toml
+++ b/cargo-near/Cargo.toml
@@ -32,6 +32,7 @@ near-abi = { version = "0.4.0", features = ["__chunked-entries"] }
 libloading = "0.7.3"
 zstd = "0.11"
 atty = "0.2.14"
+wasmcov = { version = "0.1" }
 
 color-eyre = "0.6"
 inquire = "0.6"
@@ -49,3 +50,4 @@ near-primitives = "0.17.0"
 near-jsonrpc-client = "0.6.0"
 near-jsonrpc-primitives = "0.17.0"
 dunce = "1"
+
diff --git a/cargo-near/src/util/mod.rs b/cargo-near/src/util/mod.rs
index c425eced..c2ea9626 100644
--- a/cargo-near/src/util/mod.rs
+++ b/cargo-near/src/util/mod.rs
@@ -194,6 +194,24 @@ pub(crate) fn compile_project(
         }
     }
 
+    //#[cfg(feature = "wasmcov")]
+    // final env: {"CARGO_PROFILE_DEV_DEBUG": "0", "CARGO_PROFILE_DEV_LTO": "off", "CARGO_PROFILE_DEV_OPT_LEVEL": "0", "RUSTFLAGS": "-Awarnings"}
+    // wasmcov env: export WASMCOV_DIR=/home/noah/cargo-near-new-project-template/wasmcov; export CARGO_TARGET_DIR=/home/noah/cargo-near-new-project-template/wasmcov/target; export RUSTC_BOOTSTRAP=1; export RUSTFLAGS="-Cinstrument-coverage -Zno-profiler-runtime -Zlocation-detail=none --emit=llvm-ir -Clto=no"
+
+    // parse wasmcov setup output (which is a series of export ENVVARNAME=value commands) into the same format as final_env, then merge them
+    wasmcov::setup(None).expect("Failed to setup wasmcov");
+    // let wasmcov_env = wasmcov_env
+    //     .split("; ")
+    //     .map(|s| {
+    //         let mut split = s.splitn(2, '=');
+    //         let key = split.next().unwrap();
+    //         let value = split.next().unwrap();
+    //         (key, value)
+    //     })
+    //     .collect::<BTreeMap<_, _>>();
+
+    // println!("wasmcov_env: {:?}", wasmcov_env);
+
     let artifacts = invoke_cargo(
         "build",
         [&["--message-format=json-render-diagnostics"], args].concat(),