diff --git a/requirements.txt b/requirements.txt
index 9e3bd7d..71810fc 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -6,7 +6,7 @@ requests~=2.25.0
 xxhash>=2.0.0
 pytest>=6.1.2
 
-scalecodec>=0.10.33
+scalecodec>=0.10.34
 py-sr25519-bindings>=0.1.2
 py-ed25519-bindings>=0.1.2
 py-bip39-bindings>=0.1.6
diff --git a/setup.py b/setup.py
index db925b2..1f7b324 100644
--- a/setup.py
+++ b/setup.py
@@ -181,7 +181,7 @@
         'idna>=2.8',
         'requests>=2.25.0',
         'xxhash>=1.3.0',
-        'scalecodec>=0.10.33',
+        'scalecodec>=0.10.34',
         'py-sr25519-bindings>=0.1.2',
         'py-ed25519-bindings>=0.1.2',
         'py-bip39-bindings>=0.1.6'