diff --git a/contracts/Cargo.lock b/contracts/Cargo.lock
index 43fa66432..9d5477cbd 100644
--- a/contracts/Cargo.lock
+++ b/contracts/Cargo.lock
@@ -662,8 +662,8 @@ checksum = "baf1de4339761588bc0619e3cbc0120ee582ebb74b53b4efbf79117bd2da40fd"
 name = "chainlink_solana"
 version = "1.0.0"
 dependencies = [
- "borsh 0.9.3",
- "borsh-derive 0.9.3",
+ "borsh 0.10.3",
+ "borsh-derive 0.10.3",
  "solana-program",
 ]
 
diff --git a/contracts/crates/chainlink-solana/Cargo.toml b/contracts/crates/chainlink-solana/Cargo.toml
index 9a43d07b0..2cee6b8b4 100644
--- a/contracts/crates/chainlink-solana/Cargo.toml
+++ b/contracts/crates/chainlink-solana/Cargo.toml
@@ -15,6 +15,6 @@ name = "chainlink_solana"
 default = []
 
 [dependencies]
-solana-program = "1.10.25"
-borsh = "0.9.1"
-borsh-derive = "0.9.1"
\ No newline at end of file
+solana-program = "1.16.25"
+borsh = "0.10.3"
+borsh-derive = "0.10.3"
\ No newline at end of file