diff --git a/Cargo.lock b/Cargo.lock
index e3669d507b..fc561e909b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2923,18 +2923,18 @@ checksum = "f638d531eccd6e23b980caf34876660d38e265409d8e99b397ab71eb3612fad0"
 
 [[package]]
 name = "serde"
-version = "1.0.162"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "71b2f6e1ab5c2b98c05f0f35b236b22e8df7ead6ffbf51d7808da7f8817e7ab6"
+checksum = "2113ab51b87a539ae008b5c6c02dc020ffa39afd2d83cffcb3f4eb2722cebec2"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.162"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a2a0814352fd64b58489904a44ea8d90cb1a91dcb6b4f5ebabc32c8318e93cb6"
+checksum = "8c805777e3930c8883389c602315a24224bcc738b63905ef87cd1420353ea93e"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index d7b1e0c399..11b454baa3 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -59,7 +59,7 @@ scale-value = "0.7.0"
 scale-bits = "0.3"
 scale-decode = "0.5.0"
 scale-encode = "0.1.0"
-serde = { version = "1.0.162" }
+serde = { version = "1.0.163" }
 serde_json = { version = "1.0.96" }
 syn = { version = "2.0.15", features = ["full", "extra-traits"] }
 thiserror = "1.0.40"