diff --git a/Cargo.lock b/Cargo.lock
index cfae172..079b45a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -290,15 +290,16 @@ checksum = "78ca9ab1a0babb1e7d5695e3530886289c18cf2f87ec19a575a0abdce112e3a3"
 
 [[package]]
 name = "parity-scale-codec"
-version = "3.6.12"
+version = "3.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "306800abfa29c7f16596b5970a588435e3d5b3149683d00c12b699cc19f895ee"
+checksum = "8be4817d39f3272f69c59fe05d0535ae6456c2dc2fa1ba02910296c7e0a5c590"
 dependencies = [
  "arrayvec",
  "bitvec",
  "byte-slice-cast",
  "impl-trait-for-tuples",
  "parity-scale-codec-derive",
+ "rustversion",
  "serde",
 ]
 
@@ -386,6 +387,12 @@ dependencies = [
  "getrandom",
 ]
 
+[[package]]
+name = "rustversion"
+version = "1.0.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0e819f2bc632f285be6d7cd36e25940d45b2391dd6d9b939e79de557f7014248"
+
 [[package]]
 name = "ryu"
 version = "1.0.18"
@@ -502,18 +509,18 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.210"
+version = "1.0.215"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c8e3592472072e6e22e0a54d5904d9febf8508f65fb8552499a1abc7d1078c3a"
+checksum = "6513c1ad0b11a9376da888e3e0baa0077f1aed55c17f50e7b2397136129fb88f"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.210"
+version = "1.0.215"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "243902eda00fad750862fc144cea25caca5e20d615af0a81bee94ca738f1df1f"
+checksum = "ad1e866f866923f252f05c889987993144fb74e722403468a4ebd70c3cd756c0"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 1a65622..73346ce 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -35,7 +35,7 @@ legacy = [
 
 [dependencies]
 frame-metadata = { version = "18.0.0", features = ["current"], default-features = false }
-parity-scale-codec = { version = "3.6.12", default-features = false }
+parity-scale-codec = { version = "3.7.0", default-features = false }
 scale-decode = { version = "0.16.0", default-features = false }
 scale-info = { version = "2.11.4", default-features = false }
 scale-info-legacy = { version = "0.2.2", default-features = false, optional = true }