diff --git a/package.json b/package.json
index 9285943..48fd54f 100644
--- a/package.json
+++ b/package.json
@@ -131,7 +131,7 @@
     "blakejs": "^1.2.1",
     "bn.js": "^5.2.1",
     "leb128": "^0.0.5",
-    "multiformats": "^11.0.2",
+    "multiformats": "^12.0.1",
     "secp256k1": "^5.0.0"
   },
   "files": [
diff --git a/yarn.lock b/yarn.lock
index 7ac4bc5..60a3a5b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2620,11 +2620,6 @@ ms@2.1.2:
   resolved "https://registry.yarnpkg.com/ms/-/ms-2.1.2.tgz#d09d1f357b443f493382a8eb3ccd183872ae6009"
   integrity sha512-sGkPx+VjMtmA6MX27oA4FBFELFCZZ4S4XqeGOXCv68tT+jb3vk/RyaKWP0PTKyWtmLSM0b+adUTEvbs1PEaH2w==
 
-multiformats@^11.0.2:
-  version "11.0.2"
-  resolved "https://registry.yarnpkg.com/multiformats/-/multiformats-11.0.2.tgz#b14735efc42cd8581e73895e66bebb9752151b60"
-  integrity sha512-b5mYMkOkARIuVZCpvijFj9a6m5wMVLC7cf/jIPd5D/ARDOfLC5+IFkbgDXQgcU2goIsTD/O9NY4DI/Mt4OGvlg==
-
 multiformats@^12.0.1:
   version "12.0.1"
   resolved "https://registry.yarnpkg.com/multiformats/-/multiformats-12.0.1.tgz#dd3e19dd44114c2672e4795a36888d263be30131"