diff --git a/Cargo.lock b/Cargo.lock
index 79d3b473eb1..ed05dbffc68 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -10631,18 +10631,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.148"
+version = "1.0.149"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e53f64bb4ba0191d6d0676e1b141ca55047d83b74f5607e6d8eb88126c52c2dc"
+checksum = "256b9932320c590e707b94576e3cc1f7c9024d0ee6612dfbcf1cb106cbe8e055"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.148"
+version = "1.0.149"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a55492425aa53521babf6137309e7d34c20bbfbbfcfe2c7f3a047fd1f6b92c0c"
+checksum = "b4eae9b04cbffdfd550eb462ed33bc6a1b68c935127d008b27444d08380f94e4"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/parachain-template/node/Cargo.toml b/parachain-template/node/Cargo.toml
index 1aa35581b4a..0ff000b5c25 100644
--- a/parachain-template/node/Cargo.toml
+++ b/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.0.29", features = ["derive"] }
 log = "0.4.17"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.148", features = ["derive"] }
+serde = { version = "1.0.149", features = ["derive"] }
 jsonrpsee = { version = "0.15.1", features = ["server"] }
 
 # Local
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
index 58ae69e1310..da0f6bfd756 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.3.4" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
-serde = { version = "1.0.137", optional = true, features = ["derive"] }
+serde = { version = "1.0.149", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
index a970ac909cf..c6ed16bb981 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.3.4" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.1.1", default-features = false, features = ["derive"] }
-serde = { version = "1.0.137", optional = true, features = ["derive"] }
+serde = { version = "1.0.149", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/polkadot-parachain/Cargo.toml b/polkadot-parachain/Cargo.toml
index cfca21c4163..4e2b0181796 100644
--- a/polkadot-parachain/Cargo.toml
+++ b/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.25"
 hex-literal = "0.3.4"
 log = "0.4.17"
-serde = { version = "1.0.148", features = ["derive"] }
+serde = { version = "1.0.149", features = ["derive"] }
 
 # Local
 rococo-parachain-runtime = { path = "../parachains/runtimes/testing/rococo-parachain" }
diff --git a/test/service/Cargo.toml b/test/service/Cargo.toml
index a82c8ae4cd1..8d63e728ba5 100644
--- a/test/service/Cargo.toml
+++ b/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.15.1", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.148", features = ["derive"] }
+serde = { version = "1.0.149", features = ["derive"] }
 tokio = { version = "1.22.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"