diff --git a/account-compression/sdk/package.json b/account-compression/sdk/package.json
index 6a3ce08a9ef..e6a89bb3f0f 100644
--- a/account-compression/sdk/package.json
+++ b/account-compression/sdk/package.json
@@ -66,7 +66,7 @@
   "devDependencies": {
     "@metaplex-foundation/rustbin": "^0.3.5",
     "@metaplex-foundation/solita": "0.20.1",
-    "@coral-xyz/anchor": "^0.27.0",
+    "@coral-xyz/anchor": "^0.29.0",
     "@solana/eslint-config-solana": "^3.0.3",
     "@solana/prettier-config-solana": "^0.0.5",
     "@types/bn.js": "^5.1.0",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 1dafefa4856..c9f15231a76 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -43,8 +43,8 @@ importers:
         version: 1.3.3
     devDependencies:
       '@coral-xyz/anchor':
-        specifier: ^0.27.0
-        version: 0.27.0
+        specifier: ^0.29.0
+        version: 0.29.0
       '@metaplex-foundation/rustbin':
         specifier: ^0.3.5
         version: 0.3.5
@@ -1223,13 +1223,13 @@ packages:
     resolution: {integrity: sha512-0hYQ8SB4Db5zvZB4axdMHGwEaQjkZzFjQiN9LVYvIFB2nSUHW9tYpxWriPrWDASIxiaXax83REcLxuSdnGPZtw==}
     dev: true
 
-  /@coral-xyz/anchor@0.27.0:
-    resolution: {integrity: sha512-+P/vPdORawvg3A9Wj02iquxb4T0C5m4P6aZBVYysKl4Amk+r6aMPZkUhilBkD6E4Nuxnoajv3CFykUfkGE0n5g==}
+  /@coral-xyz/anchor@0.29.0:
+    resolution: {integrity: sha512-eny6QNG0WOwqV0zQ7cs/b1tIuzZGmP7U7EcH+ogt4Gdbl8HDmIYVMh/9aTmYZPaFWjtUaI8qSn73uYEXWfATdA==}
     engines: {node: '>=11'}
     dependencies:
-      '@coral-xyz/borsh': 0.27.0(@solana/web3.js@1.95.2)
+      '@coral-xyz/borsh': 0.29.0(@solana/web3.js@1.95.2)
+      '@noble/hashes': 1.4.0
       '@solana/web3.js': 1.95.2
-      base64-js: 1.5.1
       bn.js: 5.2.1
       bs58: 4.0.1
       buffer-layout: 1.2.2
@@ -1237,7 +1237,6 @@ packages:
       cross-fetch: 3.1.8
       crypto-hash: 1.3.0
       eventemitter3: 4.0.7
-      js-sha256: 0.9.0
       pako: 2.1.0
       snake-case: 3.0.4
       superstruct: 0.15.5
@@ -1248,8 +1247,8 @@ packages:
       - utf-8-validate
     dev: true
 
-  /@coral-xyz/borsh@0.27.0(@solana/web3.js@1.95.2):
-    resolution: {integrity: sha512-tJKzhLukghTWPLy+n8K8iJKgBq1yLT/AxaNd10yJrX8mI56ao5+OFAKAqW/h0i79KCvb4BK0VGO5ECmmolFz9A==}
+  /@coral-xyz/borsh@0.29.0(@solana/web3.js@1.95.2):
+    resolution: {integrity: sha512-s7VFVa3a0oqpkuRloWVPdCK7hMbAMY270geZOGfCnaqexrP5dTIpbEHL33req6IYPPJ0hYa71cdvJ1h6V55/oQ==}
     engines: {node: '>=10'}
     peerDependencies:
       '@solana/web3.js': ^1.68.0