diff --git a/pyproject.toml b/pyproject.toml
index 7732b25eb9..850d559e70 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -31,7 +31,7 @@ dependencies = [
     "retry==0.9.2",
     "requests>=2.0.0,<3.0",
     "pydantic>=2.3, <3",
-    "scalecodec==1.2.11",
+    "scalecodec==1.2.12",
     "uvicorn",
     "bittensor-drand>=1.0.0,<2.0.0",
     "bittensor-wallet>=4.0.0,<5.0",