diff --git a/Cargo.lock b/Cargo.lock
index 368e182895..8bbccc82ae 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1885,9 +1885,9 @@ checksum = "3c5e1a9a646d36c3599cd173a41282daf47c44583ad367b8e6837255952e5c67"
 
 [[package]]
 name = "smol_str"
-version = "0.3.1"
+version = "0.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "66eaf762c5af19db3108300515c8aa7a50efc90ff745f4c62288052ebf9fdd25"
+checksum = "9676b89cd56310a87b93dec47b11af744f34d5fc9f367b829474eec0a891350d"
 dependencies = [
  "borsh",
  "serde",
diff --git a/Cargo.toml b/Cargo.toml
index 9db62de9ab..3c2d3a13b1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -145,7 +145,7 @@ smallvec = { version = "1.10.0", features = [
   "union",
   "const_generics",
 ] }
-smol_str = "0.3.1"
+smol_str = "0.3.2"
 snap = "1.1.0"
 text-size = "1.1.1"
 tracing = "0.1.40"