diff --git a/Cargo.toml b/Cargo.toml
index 04cd858..54d9285 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -15,7 +15,7 @@ tokio = "1.41.1"
 futures = "0.3"
 
 arti-client = { version = "0.24", default-features = false, features = ["tokio", "rustls", "onion-service-client"] }
-libp2p = { version = "^0.53", default-features = false, features = ["tokio", "tcp", "tls"] }
+libp2p = { version = "^0.54", default-features = false, features = ["tokio", "tcp", "tls"] }
 
 tor-rtcompat = { version = "0.24.0", features = ["tokio", "rustls"] }
 tracing = "0.1.40"
@@ -25,7 +25,7 @@ tor-proto = { version = "0.24.0", optional = true }
 data-encoding = { version = "2.6.0", optional = true }
 
 [dev-dependencies]
-libp2p = { version = "0.53", default-features = false, features = ["tokio", "noise", "yamux", "ping", "macros", "tcp", "tls"] }
+libp2p = { version = "0.54", default-features = false, features = ["tokio", "noise", "yamux", "ping", "macros", "tcp", "tls"] }
 tokio-test = "0.4.4"
 tokio = { version = "1.41.1", features = ["macros"] }
 tracing-subscriber = "0.2"