diff --git a/Cargo.lock b/Cargo.lock
index d9c00c1d2f92..a389dcfc9e98 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7815,18 +7815,18 @@ checksum = "f97841a747eef040fcd2e7b3b9a220a7205926e60488e673d9e4926d27772ce5"
 
 [[package]]
 name = "serde"
-version = "1.0.119"
+version = "1.0.120"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9bdd36f49e35b61d49efd8aa7fc068fd295961fd2286d0b2ee9a4c7a14e99cc3"
+checksum = "166b2349061381baf54a58e4b13c89369feb0ef2eaa57198899e2312aac30aab"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.119"
+version = "1.0.120"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "552954ce79a059ddd5fd68c271592374bd15cab2274970380c000118aeffe1cd"
+checksum = "0ca2a8cb5805ce9e3b95435e3765b7b553cecc762d938d409434338386cb5775"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.7",
diff --git a/node/service/Cargo.toml b/node/service/Cargo.toml
index de16ea17cf87..432d954bfc84 100644
--- a/node/service/Cargo.toml
+++ b/node/service/Cargo.toml
@@ -57,7 +57,7 @@ futures = "0.3.12"
 hex-literal = "0.3.1"
 tracing = "0.1.22"
 tracing-futures = "0.2.4"
-serde = { version = "1.0.119", features = ["derive"] }
+serde = { version = "1.0.120", features = ["derive"] }
 thiserror = "1.0.23"
 
 # Polkadot
diff --git a/primitives/Cargo.toml b/primitives/Cargo.toml
index 512c835f1df9..de9b4d61e131 100644
--- a/primitives/Cargo.toml
+++ b/primitives/Cargo.toml
@@ -5,7 +5,7 @@ authors = ["Parity Technologies <admin@parity.io>"]
 edition = "2018"
 
 [dependencies]
-serde = { version = "1.0.119", optional = true, features = ["derive"] }
+serde = { version = "1.0.120", optional = true, features = ["derive"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["bit-vec", "derive"] }
 primitives = { package = "sp-core", git = "https://github.com/paritytech/substrate", branch = "master", default-features = false }
 inherents = { package = "sp-inherents", git = "https://github.com/paritytech/substrate", branch = "master", default-features = false }
diff --git a/runtime/common/Cargo.toml b/runtime/common/Cargo.toml
index f47c9e170b7b..9474aa91040c 100644
--- a/runtime/common/Cargo.toml
+++ b/runtime/common/Cargo.toml
@@ -9,7 +9,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = { version = "0.4.13", optional = true }
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 static_assertions = "1.1.0"
 
diff --git a/runtime/kusama/Cargo.toml b/runtime/kusama/Cargo.toml
index e34d483b8058..b4cafab910f0 100644
--- a/runtime/kusama/Cargo.toml
+++ b/runtime/kusama/Cargo.toml
@@ -10,7 +10,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = { version = "0.4.13", optional = true }
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 static_assertions = "1.1.0"
 smallvec = "1.6.1"
diff --git a/runtime/parachains/Cargo.toml b/runtime/parachains/Cargo.toml
index e6f901c61ca3..ae56c7b2fca2 100644
--- a/runtime/parachains/Cargo.toml
+++ b/runtime/parachains/Cargo.toml
@@ -9,7 +9,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = "0.4.13"
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", features = [ "derive" ], optional = true }
+serde = { version = "1.0.120", features = [ "derive" ], optional = true }
 derive_more = "0.99.11"
 
 sp-api = { git = "https://github.com/paritytech/substrate", branch = "master", default-features = false }
diff --git a/runtime/polkadot/Cargo.toml b/runtime/polkadot/Cargo.toml
index 537377cef196..a2549af31c2f 100644
--- a/runtime/polkadot/Cargo.toml
+++ b/runtime/polkadot/Cargo.toml
@@ -10,7 +10,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = { version = "0.4.13", optional = true }
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 static_assertions = "1.1.0"
 smallvec = "1.6.1"
diff --git a/runtime/rococo/Cargo.toml b/runtime/rococo/Cargo.toml
index 8849bc8e622f..eb3bff596c59 100644
--- a/runtime/rococo/Cargo.toml
+++ b/runtime/rococo/Cargo.toml
@@ -7,7 +7,7 @@ build = "build.rs"
 
 [dependencies]
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 smallvec = "1.6.1"
 hex-literal = "0.3.1"
diff --git a/runtime/test-runtime/Cargo.toml b/runtime/test-runtime/Cargo.toml
index 4b30ed94fb76..70bc250b4697 100644
--- a/runtime/test-runtime/Cargo.toml
+++ b/runtime/test-runtime/Cargo.toml
@@ -10,7 +10,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = { version = "0.4.13", optional = true }
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 smallvec = "1.6.1"
 
diff --git a/runtime/westend/Cargo.toml b/runtime/westend/Cargo.toml
index b61008c9ca82..a2eca897b8bc 100644
--- a/runtime/westend/Cargo.toml
+++ b/runtime/westend/Cargo.toml
@@ -10,7 +10,7 @@ bitvec = { version = "0.17.4", default-features = false, features = ["alloc"] }
 parity-scale-codec = { version = "1.3.6", default-features = false, features = ["derive"] }
 log = { version = "0.4.13", optional = true }
 rustc-hex = { version = "2.1.0", default-features = false }
-serde = { version = "1.0.119", default-features = false }
+serde = { version = "1.0.120", default-features = false }
 serde_derive = { version = "1.0.117", optional = true }
 smallvec = "1.6.1"
 static_assertions = "1.1.0"