diff --git a/Cargo.lock b/Cargo.lock
index 094f0b3968..6a46be58da 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1933,9 +1933,9 @@ checksum = "4443176a9f2c162692bd3d352d745ef9413eec5782a80d8fd6f8a1ac692a07f7"
 
 [[package]]
 name = "faster-hex"
-version = "0.8.1"
+version = "0.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "239f7bfb930f820ab16a9cd95afc26f88264cf6905c960b340a615384aa3338a"
+checksum = "a2a2b11eda1d40935b26cf18f6833c526845ae8c41e58d09af6adeb6f0269183"
 dependencies = [
  "serde",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index fe155bcc12..ab0bfeab66 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -144,7 +144,7 @@ cid = "0.11.0"
 libipld = "0.16.0"
 axum = "0.6.20"
 reqwest = "0.11.12"
-faster-hex = "0.8.1"
+faster-hex = "0.9.0"
 once_cell = "1.18.0"
 
 # Enable a small amount of optimization in debug mode