diff --git a/Cargo.lock b/Cargo.lock
index 4a88221431a..89f5238d72f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -373,9 +373,9 @@ dependencies = [
 
 [[package]]
 name = "arrayref"
-version = "0.3.8"
+version = "0.3.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d151e35f61089500b617991b791fc8bfd237ae50cd5950803758a179b41e67a"
+checksum = "76a2e8124351fda1ef8aaaa3bbd7ebbcb486bbcd4225aca0aa0d84bb2db8fecb"
 
 [[package]]
 name = "arrayvec"
@@ -6906,7 +6906,7 @@ dependencies = [
 
 [[package]]
 name = "spl-concurrent-merkle-tree"
-version = "0.3.0"
+version = "0.4.0"
 dependencies = [
  "bytemuck",
  "rand 0.8.5",
diff --git a/binary-option/program/Cargo.toml b/binary-option/program/Cargo.toml
index 001184cd43b..79a53110db8 100644
--- a/binary-option/program/Cargo.toml
+++ b/binary-option/program/Cargo.toml
@@ -14,7 +14,7 @@ thiserror = "1.0"
 spl-token = { version = "6.0", path = "../../token/program", features = [
   "no-entrypoint",
 ] }
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 borsh = "1.5.1"
 uint = "0.10"
 
diff --git a/governance/addin-mock/program/Cargo.toml b/governance/addin-mock/program/Cargo.toml
index 6335d22d186..5b81f8411df 100644
--- a/governance/addin-mock/program/Cargo.toml
+++ b/governance/addin-mock/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
diff --git a/governance/chat/program/Cargo.toml b/governance/chat/program/Cargo.toml
index af253bd1d90..06b68b0dbaa 100644
--- a/governance/chat/program/Cargo.toml
+++ b/governance/chat/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
diff --git a/governance/program/Cargo.toml b/governance/program/Cargo.toml
index 9c4d3cbea04..a3199646961 100644
--- a/governance/program/Cargo.toml
+++ b/governance/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
diff --git a/governance/test-sdk/Cargo.toml b/governance/test-sdk/Cargo.toml
index 9b8ec628fb0..52916f92efa 100644
--- a/governance/test-sdk/Cargo.toml
+++ b/governance/test-sdk/Cargo.toml
@@ -8,7 +8,7 @@ license = "Apache-2.0"
 edition = "2021"
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bincode = "1.3.2"
 borsh = "1.5.1"
 lazy_static = "1.5.0"
diff --git a/governance/tools/Cargo.toml b/governance/tools/Cargo.toml
index 8957e078cbd..cbaf2ae9d63 100644
--- a/governance/tools/Cargo.toml
+++ b/governance/tools/Cargo.toml
@@ -8,7 +8,7 @@ license = "Apache-2.0"
 edition = "2021"
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
diff --git a/shared-memory/program/Cargo.toml b/shared-memory/program/Cargo.toml
index 8050ae91190..aaa93845447 100644
--- a/shared-memory/program/Cargo.toml
+++ b/shared-memory/program/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2021"
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 solana-program = "2.0.3"
 
 [dev-dependencies]
diff --git a/single-pool/program/Cargo.toml b/single-pool/program/Cargo.toml
index 9344764e4fc..81bbc00371b 100644
--- a/single-pool/program/Cargo.toml
+++ b/single-pool/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 borsh = "1.5.1"
 num-derive = "0.4"
 num-traits = "0.2"
diff --git a/stake-pool/program/Cargo.toml b/stake-pool/program/Cargo.toml
index 1141cae5f6b..01bf7d581b3 100644
--- a/stake-pool/program/Cargo.toml
+++ b/stake-pool/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 borsh = "1.5.1"
 bytemuck = "1.18"
 num-derive = "0.4"
diff --git a/token-lending/flash_loan_receiver/Cargo.toml b/token-lending/flash_loan_receiver/Cargo.toml
index d1ab7ff82ff..25440ae824d 100644
--- a/token-lending/flash_loan_receiver/Cargo.toml
+++ b/token-lending/flash_loan_receiver/Cargo.toml
@@ -4,7 +4,7 @@ version = "1.0.0"
 edition = "2021"
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 solana-program = "2.0.3"
 spl-token = { version = "6.0", path = "../../token/program", features=["no-entrypoint"] }
 
diff --git a/token-lending/program/Cargo.toml b/token-lending/program/Cargo.toml
index 9bdfb9d8b83..1c1954916c1 100644
--- a/token-lending/program/Cargo.toml
+++ b/token-lending/program/Cargo.toml
@@ -12,7 +12,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bytemuck = "1.18.0"
 num-derive = "0.4"
 num-traits = "0.2"
diff --git a/token-swap/program/Cargo.toml b/token-swap/program/Cargo.toml
index bd6ac64d6d2..929df73e934 100644
--- a/token-swap/program/Cargo.toml
+++ b/token-swap/program/Cargo.toml
@@ -13,7 +13,7 @@ production = []
 fuzz = ["arbitrary", "roots"]
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 enum_dispatch = "0.3.13"
 num-derive = "0.4"
 num-traits = "0.2"
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index 9d5880caeb4..dd0bfa918e8 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -17,7 +17,7 @@ default = ["zk-ops"]
 zk-ops = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bytemuck = { version = "1.18.0", features = ["derive"] }
 num-derive = "0.4"
 num-traits = "0.2"
diff --git a/token/program/Cargo.toml b/token/program/Cargo.toml
index f3e3658b786..a9123145559 100644
--- a/token/program/Cargo.toml
+++ b/token/program/Cargo.toml
@@ -13,7 +13,7 @@ no-entrypoint = []
 test-sbf = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bytemuck = "1.18.0"
 num-derive = "0.4"
 num-traits = "0.2"
diff --git a/token/transfer-hook/example/Cargo.toml b/token/transfer-hook/example/Cargo.toml
index 1032b174e68..c92600ae96a 100644
--- a/token/transfer-hook/example/Cargo.toml
+++ b/token/transfer-hook/example/Cargo.toml
@@ -14,7 +14,7 @@ test-sbf = []
 forbid-additional-mints = []
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 solana-program = "2.0.3"
 spl-tlv-account-resolution = { version = "0.8.1", path = "../../../libraries/tlv-account-resolution" }
 spl-token-2022 = { version = "5.0.2",  path = "../../program-2022", features = ["no-entrypoint"] }
diff --git a/token/transfer-hook/interface/Cargo.toml b/token/transfer-hook/interface/Cargo.toml
index 763ea7e8fd5..81c86d7bc5a 100644
--- a/token/transfer-hook/interface/Cargo.toml
+++ b/token/transfer-hook/interface/Cargo.toml
@@ -8,7 +8,7 @@ license = "Apache-2.0"
 edition = "2021"
 
 [dependencies]
-arrayref = "0.3.8"
+arrayref = "0.3.9"
 bytemuck = { version = "1.18.0", features = ["derive"] }
 solana-program = "2.0.3"
 spl-discriminator = { version = "0.3.0" , path = "../../../libraries/discriminator" }