diff --git a/Cargo.lock b/Cargo.lock
index 3bb78fb6d3..12808a668a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -329,9 +329,9 @@ checksum = "b9441c6b2fe128a7c2bf680a44c34d0df31ce09e5b7e401fcca3faa483dbc921"
 
 [[package]]
 name = "async-trait"
-version = "0.1.73"
+version = "0.1.74"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bc00ceb34980c03614e35a3a4e218276a0a824e911d07651cd0d858a51e8c0f0"
+checksum = "a66537f1bb974b254c98ed142ff995236e81b9d0fe4db0575f46612cb15eb0f9"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -4781,7 +4781,7 @@ checksum = "97fee6b57c6a41524a810daee9286c02d7752c4253064d0b05472833a438f675"
 dependencies = [
  "cfg-if",
  "digest 0.10.7",
- "rand 0.7.3",
+ "rand 0.8.5",
  "static_assertions",
 ]
 
diff --git a/Cargo.toml b/Cargo.toml
index 2df9f6afcf..8b542cca15 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -37,7 +37,7 @@ documentation = "https://docs.rs/subxt"
 homepage = "https://www.parity.io/"
 
 [workspace.dependencies]
-async-trait = "0.1.73"
+async-trait = "0.1.74"
 assert_matches = "1.5.0"
 base58 = { version = "0.2.0" }
 bitvec = { version = "1", default-features = false }