diff --git a/Cargo.lock b/Cargo.lock
index a13c30d67..33c949012 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -727,6 +727,15 @@ dependencies = [
  "alloc-stdlib",
 ]
 
+[[package]]
+name = "bs58"
+version = "0.5.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bf88ba1141d185c399bee5288d850d63b8369520c1eafc32a0430b5b6c287bf4"
+dependencies = [
+ "tinyvec",
+]
+
 [[package]]
 name = "bumpalo"
 version = "3.20.2"
@@ -5922,11 +5931,12 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "3.18.0"
+version = "3.20.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dd5414fad8e6907dbdd5bc441a50ae8d6e26151a03b1de04d89a5576de61d01f"
+checksum = "e72c1c2cb7b223fafb600a619537a871c2818583d619401b785e7c0b746ccde2"
 dependencies = [
  "base64",
+ "bs58",
  "chrono",
  "hex",
  "indexmap 1.9.3",
@@ -5941,9 +5951,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with_macros"
-version = "3.18.0"
+version = "3.20.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d3db8978e608f1fe7357e211969fd9abdcae80bac1ba7a3369bb7eb6b404eb65"
+checksum = "b90c488738ecb4fb0262f41f43bc40efc5868d9fb744319ddf5f5317f417bfac"
 dependencies = [
  "darling",
  "proc-macro2",
diff --git a/lib/graphql-tools/Cargo.toml b/lib/graphql-tools/Cargo.toml
index 089102770..b067c14ec 100644
--- a/lib/graphql-tools/Cargo.toml
+++ b/lib/graphql-tools/Cargo.toml
@@ -17,7 +17,7 @@ harness = false
 lazy_static = { workspace = true }
 serde = { version = "1.0.200", features = ["derive"] }
 serde_json = "1.0"
-serde_with = "3.0.0"
+serde_with = "3.20.0"
 combine = { workspace = true }
 thiserror = { workspace = true }
 itoa = "1.0.17"