diff --git a/Cargo.lock b/Cargo.lock
index e657a067fe9..5b266037756 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6150,9 +6150,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.34.0"
+version = "1.35.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d0c014766411e834f7af5b8f4cf46257aab4036ca95e9d2c144a10f59ad6f5b9"
+checksum = "841d45b238a16291a4e1584e61820b8ae57d696cc5015c459c229ccc6990cc1c"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/Cargo.toml b/Cargo.toml
index 3bcd5ac43a0..55f7f4e8214 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -72,7 +72,7 @@ subxt-signer = { version = "0.32.1" }
 syn = { version = "2" }
 synstructure = { version = "0.13.0" }
 thiserror = { version = "1.0.50" }
-tokio = { version = "1.18.2" }
+tokio = { version = "1.35.0" }
 tracing = { version = "0.1.37" }
 tracing-subscriber = { version = "0.3.17" }
 trybuild = { version = "1.0.60" }