diff --git a/package.json b/package.json
index 9cfcdbf..c7dfc3c 100644
--- a/package.json
+++ b/package.json
@@ -191,7 +191,7 @@
     "it-length-prefixed": "^9.0.0",
     "it-pipe": "^3.0.1",
     "it-pushable": "^3.1.3",
-    "multiformats": "^11.0.0",
+    "multiformats": "^12.0.1",
     "p-queue": "^7.2.0",
     "uint8arraylist": "^2.0.0",
     "uint8arrays": "^4.0.2"