diff --git a/Cargo.lock b/Cargo.lock
index 9498fe4..44681d0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7573,11 +7573,10 @@ checksum = "cda74da7e1a664f795bb1f8a87ec406fb89a02522cf6e50620d016add6dbbf5c"
 
 [[package]]
 name = "tokio"
-version = "1.10.1"
+version = "1.16.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "92036be488bb6594459f2e03b60e42df6f937fe6ca5c5ffdcb539c6b84dc40f5"
+checksum = "0c27a64b625de6d309e8c57716ba93021dccf1b3b5c97edd6d3dd2d2135afc0a"
 dependencies = [
- "autocfg",
  "bytes 1.0.1",
  "libc",
  "memchr",
@@ -7593,9 +7592,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-macros"
-version = "1.3.0"
+version = "1.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "54473be61f4ebe4efd09cec9bd5d16fa51d70ea0192213d754d2d500457db110"
+checksum = "b557f72f448c511a979e2564e55d74e6c4432fc96ff4f6241bc6bded342643b7"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/beefy-test/Cargo.toml b/beefy-test/Cargo.toml
index 1c0f84a..f90912b 100644
--- a/beefy-test/Cargo.toml
+++ b/beefy-test/Cargo.toml
@@ -29,7 +29,7 @@ log = { version = "0.4" }
 parking_lot = { version = "0.11" }
 rand = { version = "0.8" }
 strum = { version = "0.21", features = ["derive"] }
-tokio = { version = "1.10", features = ["full"] }
+tokio = { version = "1.16", features = ["full"] }
 
 [dev-dependencies]
 sp-tracing = { git = "https://github.com/compound-finance/substrate", branch = "gateway" }