diff --git a/Cargo.lock b/Cargo.lock
index 86852b29..8d0708f9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -953,9 +953,9 @@ dependencies = [
 
 [[package]]
 name = "data-encoding"
-version = "2.3.3"
+version = "2.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "23d8666cb01533c39dde32bcbab8e227b4ed6679b2c925eba05feabea39508fb"
+checksum = "c2e66c9d817f1720209181c316d28635c050fa304f9c79e47a520882661b7308"
 
 [[package]]
 name = "derive_more"
diff --git a/swap/Cargo.toml b/swap/Cargo.toml
index 564b1071..73b9798d 100644
--- a/swap/Cargo.toml
+++ b/swap/Cargo.toml
@@ -23,7 +23,7 @@ comfy-table = "6.1"
 config = { version = "0.13", default-features = false, features = [ "toml" ] }
 conquer-once = "0.4"
 curve25519-dalek = { package = "curve25519-dalek-ng", version = "4" }
-data-encoding = "2.3"
+data-encoding = "2.4"
 dialoguer = "0.10"
 directories-next = "2"
 ecdsa_fun = { git = "https://github.com/LLFourn/secp256kfun", default-features = false, features = [ "libsecp_compat", "serde", "adaptor" ] }