diff --git a/Cargo.toml b/Cargo.toml
index eaed637a2d8..5f9d5784c73 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -111,7 +111,7 @@ libp2p-swarm = { version = "0.42.0", path = "swarm" }
 libp2p-uds = { version = "0.37.0", path = "transports/uds", optional = true }
 libp2p-wasm-ext = { version = "0.38.0", path = "transports/wasm-ext", optional = true }
 libp2p-yamux = { version = "0.42.0", path = "muxers/yamux", optional = true }
-multiaddr = { version = "0.16.0" }
+multiaddr = { version = "0.17.0" }
 parking_lot = "0.12.0"
 pin-project = "1.0.0"
 smallvec = "1.6.1"
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 6bac1bc684e..53e4cadbfe7 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -21,7 +21,7 @@ futures-timer = "3"
 instant = "0.1.11"
 libsecp256k1 = { version = "0.7.0", optional = true }
 log = "0.4"
-multiaddr = { version = "0.16.0" }
+multiaddr = { version = "0.17.0" }
 multihash = { version = "0.16", default-features = false, features = ["std", "multihash-impl", "identity", "sha2"] }
 multistream-select = { version = "0.12.1", path = "../misc/multistream-select" }
 p256 = { version = "0.11.1", default-features = false, features = ["ecdsa", "std"], optional = true }