diff --git a/Cargo.toml b/Cargo.toml
index ce33cec2ba03..29bddfa1aedc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -68,7 +68,7 @@ members = [
 resolver = "2"
 
 [workspace.package]
-rust-version = "1.73.0"
+rust-version = "1.74.0"
 
 [workspace.dependencies]
 asynchronous-codec = { version = "0.7.0" }