diff --git a/package.json b/package.json
index 75042a6..6829e90 100644
--- a/package.json
+++ b/package.json
@@ -162,7 +162,7 @@
     "@libp2p/peer-id-factory": "^2.0.0",
     "@multiformats/multiaddr": "^12.0.0",
     "aegir": "^38.1.7",
-    "multiformats": "^11.0.0",
+    "multiformats": "^12.0.1",
     "p-wait-for": "^5.0.0",
     "protons": "^7.0.2",
     "sinon": "^15.0.1"