diff --git a/Cargo.lock b/Cargo.lock
index 2a5a92e3e5..5b19727c49 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -10555,18 +10555,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.149"
+version = "1.0.150"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "256b9932320c590e707b94576e3cc1f7c9024d0ee6612dfbcf1cb106cbe8e055"
+checksum = "e326c9ec8042f1b5da33252c8a37e9ffbd2c9bef0155215b6e6c80c790e05f91"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.149"
+version = "1.0.150"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b4eae9b04cbffdfd550eb462ed33bc6a1b68c935127d008b27444d08380f94e4"
+checksum = "42a3df25b0713732468deadad63ab9da1f1fd75a48a15024b50363f128db627e"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -12607,7 +12607,7 @@ checksum = "97fee6b57c6a41524a810daee9286c02d7752c4253064d0b05472833a438f675"
 dependencies = [
  "cfg-if",
  "digest 0.10.3",
- "rand 0.7.3",
+ "rand 0.8.5",
  "static_assertions",
 ]
 
diff --git a/client/relay-chain-rpc-interface/Cargo.toml b/client/relay-chain-rpc-interface/Cargo.toml
index ed281690e0..870a1839b0 100644
--- a/client/relay-chain-rpc-interface/Cargo.toml
+++ b/client/relay-chain-rpc-interface/Cargo.toml
@@ -29,5 +29,5 @@ tracing = "0.1.37"
 async-trait = "0.1.59"
 url = "2.3.1"
 serde_json = "1.0.87"
-serde = "1.0.147"
+serde = "1.0.150"
 lru = "0.8.1"
diff --git a/parachain-template/node/Cargo.toml b/parachain-template/node/Cargo.toml
index 444787ca08..40274430e9 100644
--- a/parachain-template/node/Cargo.toml
+++ b/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.0.29", features = ["derive"] }
 log = "0.4.17"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.149", features = ["derive"] }
+serde = { version = "1.0.150", features = ["derive"] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 
 # Local
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
index da0f6bfd75..9f59bbae30 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.3.4" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
-serde = { version = "1.0.149", optional = true, features = ["derive"] }
+serde = { version = "1.0.150", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
index c6ed16bb98..efbd4a9a4e 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.3.4" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
-serde = { version = "1.0.149", optional = true, features = ["derive"] }
+serde = { version = "1.0.150", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/polkadot-parachain/Cargo.toml b/polkadot-parachain/Cargo.toml
index d879c46840..0f9476ad80 100644
--- a/polkadot-parachain/Cargo.toml
+++ b/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.25"
 hex-literal = "0.3.4"
 log = "0.4.17"
-serde = { version = "1.0.149", features = ["derive"] }
+serde = { version = "1.0.150", features = ["derive"] }
 
 # Local
 rococo-parachain-runtime = { path = "../parachains/runtimes/testing/rococo-parachain" }
diff --git a/test/service/Cargo.toml b/test/service/Cargo.toml
index 41b92cc1eb..779a469592 100644
--- a/test/service/Cargo.toml
+++ b/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.149", features = ["derive"] }
+serde = { version = "1.0.150", features = ["derive"] }
 tokio = { version = "1.23.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"