diff --git a/Cargo.lock b/Cargo.lock
index 48276fa91..bdf347bdf 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4504,9 +4504,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.195"
+version = "1.0.196"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "63261df402c67811e9ac6def069e4786148c4563f4b50fd4bf30aa370d626b02"
+checksum = "870026e60fa08c69f064aa766c10f10b1d62db9ccd4d0abb206472bee0ce3b32"
 dependencies = [
  "serde_derive",
 ]
@@ -4522,9 +4522,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.195"
+version = "1.0.196"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "46fe8f8603d81ba86327b23a2e9cdf49e1255fb94a4c5f297f6ee0547178ea2c"
+checksum = "33c85360c95e7d137454dc81d9a4ed2b8efd8fbe19cee57357b32b9771fccb67"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/crates/cargo-contract/Cargo.toml b/crates/cargo-contract/Cargo.toml
index a5687f195..bd96eaffb 100644
--- a/crates/cargo-contract/Cargo.toml
+++ b/crates/cargo-contract/Cargo.toml
@@ -32,7 +32,7 @@ tracing-subscriber = { version = "0.3.18", features = ["env-filter"] }
 which = "6.0.0"
 colored = "2.1.0"
 serde_json = "1.0.113"
-serde = { version = "1.0.195", default-features = false, features = ["derive"] }
+serde = { version = "1.0.196", default-features = false, features = ["derive"] }
 url = { version = "2.5.0", features = ["serde"] }
 semver = "1.0"
 jsonschema = "0.17"
diff --git a/crates/extrinsics/Cargo.toml b/crates/extrinsics/Cargo.toml
index 466e9f26e..5b6dac742 100644
--- a/crates/extrinsics/Cargo.toml
+++ b/crates/extrinsics/Cargo.toml
@@ -27,7 +27,7 @@ itertools = { version = "0.12", default-features = false }
 tracing = "0.1.40"
 scale = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 colored = "2.1.0"
-serde = { version = "1.0.195", default-features = false, features = ["derive"] }
+serde = { version = "1.0.196", default-features = false, features = ["derive"] }
 serde_json = "1.0.113"
 url = { version = "2.5.0", features = ["serde"] }
 rust_decimal = "1.33"
diff --git a/crates/transcode/Cargo.toml b/crates/transcode/Cargo.toml
index 389e3329f..96081de16 100644
--- a/crates/transcode/Cargo.toml
+++ b/crates/transcode/Cargo.toml
@@ -33,7 +33,7 @@ nom-supreme = { version = "0.7.0", features = ["error"] }
 primitive-types = { version = "0.12.2", default-features = false, features = ["codec", "scale-info", "serde"] }
 scale = { package = "parity-scale-codec", version = "3.0.0", features = ["derive"] }
 scale-info = { version = "2.10.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.195", default-features = false, features = ["derive"] }
+serde = { version = "1.0.196", default-features = false, features = ["derive"] }
 serde_json = "1.0.113"
 thiserror = "1.0.56"
 strsim = "0.11.0"