diff --git a/Cargo.toml b/Cargo.toml
index 780af18..5f454fb 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -15,21 +15,21 @@ default = ["url"]
 
 [dependencies]
 arrayref = "0.3"
-byteorder = "1.3.1"
-data-encoding = "2.1"
+byteorder = "1.5.0"
+data-encoding = "2.6.0"
 multibase = "0.9.1"
 multihash = "0.19"
-percent-encoding = "2.1.0"
-serde = "1.0.70"
+percent-encoding = "2.3.1"
+serde = "1.0.209"
 static_assertions = "1.1"
 unsigned-varint = "0.8"
-url = { version = "2.1.0", optional = true, default-features = false }
-libp2p-identity = { version = "0.2.0", features = ["peerid"] }
+url = { version = "2.5.0", optional = true, default-features = false }
+libp2p-identity = { version = "0.2.9", features = ["peerid"] }
 
 [dev-dependencies]
 bincode = "1"
 quickcheck = { version = "1.0.3", default-features = false }
-rand = "0.8.4"
+rand = "0.8.5"
 serde_json = "1.0"
 
 # Passing arguments to the docsrs builder in order to properly document cfg's.