diff --git a/Cargo.lock b/Cargo.lock
index faa1e879ab3..2114c5b3433 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -12773,18 +12773,18 @@ checksum = "222a222a5bfe1bba4a77b45ec488a741b3cb8872e5e499451fd7d0129c9c7c3d"
 
 [[package]]
 name = "thiserror"
-version = "1.0.47"
+version = "1.0.48"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "97a802ec30afc17eee47b2855fc72e0c4cd62be9b4efe6591edde0ec5bd68d8f"
+checksum = "9d6d7a740b8a666a7e828dd00da9c0dc290dff53154ea77ac109281de90589b7"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.47"
+version = "1.0.48"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6bb623b56e39ab7dcd4b1b98bb6c8f8d907ed255b18de254088016b27a8ee19b"
+checksum = "49922ecae66cc8a249b77e68d1d0623c1b2c514f0060c27cdc68bd62a1219d35"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 95f1b55982d..1c55145d940 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -158,7 +158,7 @@ subxt = { version = "0.29.0", git = "https://github.com/gear-tech/subxt", branch
 subxt-metadata = { version = "0.29.0", git = "https://github.com/gear-tech/subxt", branch = "v0.29.0" }
 subxt-codegen = { version = "0.29.0", git = "https://github.com/gear-tech/subxt", branch = "v0.29.0" }
 syn = "2.0.31"
-thiserror = "1.0.44"
+thiserror = "1.0.48"
 tokio = { version = "1.27.0" }
 url = "2.4.1"
 wat = "1.0.71"