diff --git a/Cargo.lock b/Cargo.lock
index 91c5f46963..950cca9602 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -10793,9 +10793,9 @@ dependencies = [
 
 [[package]]
 name = "smallvec"
-version = "1.8.0"
+version = "1.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f2dd574626839106c320a323308629dcb1acfc96e32a8cba364ddc61ac23ee83"
+checksum = "cc88c725d61fc6c3132893370cac4a0200e3fedf5da8331c570664b1987f5ca2"
 
 [[package]]
 name = "snap"
diff --git a/parachain-template/runtime/Cargo.toml b/parachain-template/runtime/Cargo.toml
index 77c8c12e12..56a64367b9 100644
--- a/parachain-template/runtime/Cargo.toml
+++ b/parachain-template/runtime/Cargo.toml
@@ -20,7 +20,7 @@ hex-literal = { version = "0.3.4", optional = true }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
 serde = { version = "1.0.137", optional = true, features = ["derive"] }
-smallvec = "1.6.1"
+smallvec = "1.8.1"
 
 # Local
 pallet-template = { path = "../pallets/template", default-features = false }
diff --git a/parachains/runtimes/assets/statemine/Cargo.toml b/parachains/runtimes/assets/statemine/Cargo.toml
index 7fdcbbe90c..0dd770e38b 100644
--- a/parachains/runtimes/assets/statemine/Cargo.toml
+++ b/parachains/runtimes/assets/statemine/Cargo.toml
@@ -11,7 +11,7 @@ hex-literal = { version = "0.3.4", optional = true }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
 serde = { version = "1.0.137", optional = true, features = ["derive"] }
-smallvec = "1.6.1"
+smallvec = "1.8.1"
 
 # Substrate
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", optional = true, default-features = false, branch = "master" }
diff --git a/parachains/runtimes/assets/statemint/Cargo.toml b/parachains/runtimes/assets/statemint/Cargo.toml
index 9e549bc20e..268f90d0bc 100644
--- a/parachains/runtimes/assets/statemint/Cargo.toml
+++ b/parachains/runtimes/assets/statemint/Cargo.toml
@@ -11,7 +11,7 @@ hex-literal = { version = "0.3.4", optional = true }
 log = { version = "0.4.17", default-features = false }
 serde = { version = "1.0.137", optional = true, features = ["derive"] }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
-smallvec = "1.6.1"
+smallvec = "1.8.1"
 
 # Substrate
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", optional = true, default-features = false, branch = "master" }
diff --git a/parachains/runtimes/assets/westmint/Cargo.toml b/parachains/runtimes/assets/westmint/Cargo.toml
index 3fc7d857ac..4401c558dc 100644
--- a/parachains/runtimes/assets/westmint/Cargo.toml
+++ b/parachains/runtimes/assets/westmint/Cargo.toml
@@ -11,7 +11,7 @@ hex-literal = { version = "0.3.4", optional = true }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
 serde = { version = "1.0.137", optional = true, features = ["derive"] }
-smallvec = "1.6.1"
+smallvec = "1.8.1"
 
 # Substrate
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", optional = true, default-features = false, branch = "master" }
diff --git a/parachains/runtimes/contracts/contracts-rococo/Cargo.toml b/parachains/runtimes/contracts/contracts-rococo/Cargo.toml
index 998da49648..e8920a1720 100644
--- a/parachains/runtimes/contracts/contracts-rococo/Cargo.toml
+++ b/parachains/runtimes/contracts/contracts-rococo/Cargo.toml
@@ -16,7 +16,7 @@ hex-literal = { version = "0.3.4", optional = true }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
 serde = { version = "1.0.137", optional = true, features = ["derive"] }
-smallvec = "1.6.1"
+smallvec = "1.8.1"
 
 # Substrate
 sp-api = { git = "https://github.com/paritytech/substrate", default-features = false, branch = "master" }