diff --git a/Cargo.lock b/Cargo.lock
index bbbf8ce2aa..0ab2635c61 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5860,9 +5860,9 @@ checksum = "cd0b0ec5f1c1ca621c432a25813d8d60c88abe6d3e08a3eb9cf37d97a0fe3d73"
 
 [[package]]
 name = "serde"
-version = "1.0.195"
+version = "1.0.196"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "63261df402c67811e9ac6def069e4786148c4563f4b50fd4bf30aa370d626b02"
+checksum = "870026e60fa08c69f064aa766c10f10b1d62db9ccd4d0abb206472bee0ce3b32"
 dependencies = [
  "serde_derive",
 ]
@@ -5880,9 +5880,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.195"
+version = "1.0.196"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "46fe8f8603d81ba86327b23a2e9cdf49e1255fb94a4c5f297f6ee0547178ea2c"
+checksum = "33c85360c95e7d137454dc81d9a4ed2b8efd8fbe19cee57357b32b9771fccb67"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 6483758693..bf4b767d80 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -67,7 +67,7 @@ libp2p-networking = { path = "./crates/libp2p-networking", version = "0.1.0", de
 libp2p-swarm-derive = { version = "=0.33.0" }
 rand = "0.8.5"
 rand_chacha = { version = "0.3.1", default-features = false }
-serde = { version = "1.0.195", features = ["derive"] }
+serde = { version = "1.0.196", features = ["derive"] }
 sha2 = "0.10"
 snafu = "0.7.5"
 surf-disco = { git = "https://github.com/EspressoSystems/surf-disco.git", tag = "v0.4.6" }