diff --git a/package.json b/package.json
index 7b5c0cd9208..e0ab2c20a4b 100644
--- a/package.json
+++ b/package.json
@@ -41,7 +41,7 @@
     "@types/es-module-lexer": "^0.4.1",
     "@types/jest": "^27.4.0",
     "@types/node": "^18.15.11",
-    "assemblyscript": "^0.19.16",
+    "assemblyscript": "^0.27.1",
     "babel-loader": "^8.1.0",
     "benchmark": "^2.1.4",
     "bundle-loader": "^0.5.6",
diff --git a/yarn.lock b/yarn.lock
index 56eca67de65..ead584e61fb 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1415,14 +1415,13 @@ asn1@~0.2.3:
   dependencies:
     safer-buffer "~2.1.0"
 
-assemblyscript@^0.19.16:
-  version "0.19.23"
-  resolved "https://registry.yarnpkg.com/assemblyscript/-/assemblyscript-0.19.23.tgz#16ece69f7f302161e2e736a0f6a474e6db72134c"
-  integrity sha512-fwOQNZVTMga5KRsfY80g7cpOl4PsFQczMwHzdtgoqLXaYhkhavufKb0sB0l3T1DUxpAufA0KNhlbpuuhZUwxMA==
+assemblyscript@^0.27.1:
+  version "0.27.1"
+  resolved "https://registry.yarnpkg.com/assemblyscript/-/assemblyscript-0.27.1.tgz#d6ba32a3e3030aac04c34bac785ce40d93bb2d2f"
+  integrity sha512-0ZS9ujdoSAjuwc+qdZ4PeZy32wFh3U2GVy7/G2dfDr/5i0jOmWY29AaFsiNxDQ7z6MOeTo9YpNLfIqZ1WWzh8A==
   dependencies:
-    binaryen "102.0.0-nightly.20211028"
-    long "^5.2.0"
-    source-map-support "^0.5.20"
+    binaryen "111.0.0-nightly.20230202"
+    long "^5.2.1"
 
 assert-never@^1.2.1:
   version "1.2.1"
@@ -1572,10 +1571,10 @@ binary-extensions@^2.0.0:
   resolved "https://registry.yarnpkg.com/binary-extensions/-/binary-extensions-2.2.0.tgz#75f502eeaf9ffde42fc98829645be4ea76bd9e2d"
   integrity sha512-jDctJ/IVQbZoJykoeHbhXpOlNBqGNcwXJKJog42E5HDPUwQTSdjCHdihjj0DlnheQ7blbT6dHOafNAiS8ooQKA==
 
-binaryen@102.0.0-nightly.20211028:
-  version "102.0.0-nightly.20211028"
-  resolved "https://registry.yarnpkg.com/binaryen/-/binaryen-102.0.0-nightly.20211028.tgz#8f1efb0920afd34509e342e37f84313ec936afb2"
-  integrity sha512-GCJBVB5exbxzzvyt8MGDv/MeUjs6gkXDvf4xOIItRBptYl0Tz5sm1o/uG95YK0L0VeG5ajDu3hRtkBP2kzqC5w==
+binaryen@111.0.0-nightly.20230202:
+  version "111.0.0-nightly.20230202"
+  resolved "https://registry.yarnpkg.com/binaryen/-/binaryen-111.0.0-nightly.20230202.tgz#40899e27447315f1c5fa948e35f365c2b3ca8a58"
+  integrity sha512-aGMDtxmc8zQHzAamyOBvO38n2e/GuXM0dZCJg+IuG2YUQODTqI37XSkAixS8c0wXn2dgLntDMk1VDblKCsy0GA==
 
 brace-expansion@^1.1.7:
   version "1.1.11"
@@ -4262,7 +4261,7 @@ log-update@^4.0.0:
     slice-ansi "^4.0.0"
     wrap-ansi "^6.2.0"
 
-long@^5.2.0:
+long@^5.2.1:
   version "5.2.1"
   resolved "https://registry.yarnpkg.com/long/-/long-5.2.1.tgz#e27595d0083d103d2fa2c20c7699f8e0c92b897f"
   integrity sha512-GKSNGeNAtw8IryjjkhZxuKB3JzlcLTwjtiQCHKvqQet81I93kXslhDQruGI/QsddO83mcDToBVy7GqGS/zYf/A==
@@ -5498,7 +5497,7 @@ source-map-js@^1.0.2:
   resolved "https://registry.yarnpkg.com/source-map-js/-/source-map-js-1.0.2.tgz#adbc361d9c62df380125e7f161f71c826f1e490c"
   integrity sha512-R0XvVJ9WusLiqTCEiGCmICCMplcCkIwwR11mOSD9CR5u+IXYdiseeEuXCVAjS54zqwkLcPNnmU4OeJ6tUrWhDw==
 
-source-map-support@^0.5.20, source-map-support@^0.5.6, source-map-support@~0.5.20:
+source-map-support@^0.5.6, source-map-support@~0.5.20:
   version "0.5.21"
   resolved "https://registry.yarnpkg.com/source-map-support/-/source-map-support-0.5.21.tgz#04fe7c7f9e1ed2d662233c28cb2b35b9f63f6e4f"
   integrity sha512-uBHU3L3czsIyYXKX88fdrGovxdSCoTGDRZ6SYXtSRxLZUzHg5P/66Ht6uoUlHu9EZod+inXhKo3qQgwXUT/y1w==