diff --git a/packages/core/multiaddr/Cargo.toml b/packages/core/multiaddr/Cargo.toml
index f06c18c7..756d7b4c 100644
--- a/packages/core/multiaddr/Cargo.toml
+++ b/packages/core/multiaddr/Cargo.toml
@@ -18,7 +18,7 @@ arrayref = "0.3"
 byteorder = "1.5.0"
 data-encoding = "2.4"
 multibase = "0.9.1"
-percent-encoding = "2.1.0"
+percent-encoding = "2.3.0"
 serde = "1.0.192"
 static_assertions = "1.1"
 unsigned-varint = "0.7"