diff --git a/Cargo.lock b/Cargo.lock
index 0d310fe5b89d..dec411f29130 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -674,9 +674,9 @@ dependencies = [
 
 [[package]]
 name = "bounded-vec"
-version = "0.6.0"
+version = "0.7.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3372be4090bf9d4da36bd8ba7ce6ca1669503d0cf6e667236c6df7f053153eb6"
+checksum = "68534a48cbf63a4b1323c433cf21238c9ec23711e0df13b08c33e5c2082663ce"
 dependencies = [
  "thiserror",
 ]
diff --git a/node/primitives/Cargo.toml b/node/primitives/Cargo.toml
index eaad64486da5..c6812d2cc02c 100644
--- a/node/primitives/Cargo.toml
+++ b/node/primitives/Cargo.toml
@@ -6,7 +6,7 @@ authors.workspace = true
 edition.workspace = true
 
 [dependencies]
-bounded-vec = "0.6"
+bounded-vec = "0.7"
 futures = "0.3.21"
 polkadot-primitives = { path = "../../primitives" }
 parity-scale-codec = { version = "3.3.0", default-features = false, features = ["derive"] }