diff --git a/Cargo.lock b/Cargo.lock
index 65975be..16d3d61 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -92,6 +92,26 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "bincode"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3ad1fa75f77bbd06f187540aa1d70ca50b80b27ce85e7f41c0ce7ff42b34ed3b"
+dependencies = [
+ "bincode_derive",
+ "serde",
+ "unty",
+]
+
+[[package]]
+name = "bincode_derive"
+version = "2.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b1cef5dd4a4457dd11529e743d18ba4fabbd5f20b6895f4c865cb257337dcf9f"
+dependencies = [
+ "virtue",
+]
+
 [[package]]
 name = "binread"
 version = "2.2.0"
@@ -1091,7 +1111,7 @@ name = "ic-protobuf"
 version = "0.9.0"
 source = "git+https://github.com/dfinity/ic#7927c348c7acd1bd6433342bf6ebc9f7b34e6f3f"
 dependencies = [
- "bincode",
+ "bincode 1.3.3",
  "candid",
  "erased-serde",
  "prost",
@@ -1114,7 +1134,7 @@ name = "ic-solana"
 version = "0.3.0"
 dependencies = [
  "base64 0.22.1",
- "bincode",
+ "bincode 2.0.0",
  "bs58",
  "candid",
  "flate2",
@@ -1880,7 +1900,7 @@ dependencies = [
  "once_cell",
  "socket2",
  "tracing",
- "windows-sys 0.52.0",
+ "windows-sys 0.59.0",
 ]
 
 [[package]]
@@ -2463,7 +2483,7 @@ dependencies = [
  "cfg-if",
  "libc",
  "psm",
- "windows-sys 0.52.0",
+ "windows-sys 0.59.0",
 ]
 
 [[package]]
@@ -2885,6 +2905,12 @@ version = "0.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8ecb6da28b8a351d773b68d5825ac39017e680750f980f3a1a85cd8dd28a47c1"
 
+[[package]]
+name = "unty"
+version = "0.0.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a1a88342087869553c259588a3ec9ca73ce9b2d538b7051ba5789ff236b6c129"
+
 [[package]]
 name = "url"
 version = "2.5.4"
@@ -2926,6 +2952,12 @@ version = "0.9.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0b928f33d975fc6ad9f86c8f283853ad26bdd5b10b7f1542aa2fa15e2289105a"
 
+[[package]]
+name = "virtue"
+version = "0.0.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "051eb1abcf10076295e815102942cc58f9d5e3b4560e46e53c21e8ff6f3af7b1"
+
 [[package]]
 name = "wait-timeout"
 version = "0.2.0"
diff --git a/src/ic-solana/Cargo.toml b/src/ic-solana/Cargo.toml
index 96f3017..4919343 100644
--- a/src/ic-solana/Cargo.toml
+++ b/src/ic-solana/Cargo.toml
@@ -10,7 +10,7 @@ edition = { workspace = true }
 
 [dependencies]
 base64 = { workspace = true }
-bincode = "1.3.3"
+bincode = "2.0.0"
 bs58 = "0.5.1"
 candid = { workspace = true }
 flate2 = "1.0"