diff --git a/Cargo.lock b/Cargo.lock
index 57bca1723d4..9a6a5b3d3cf 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6729,14 +6729,15 @@ dependencies = [
 
 [[package]]
 name = "yamux"
-version = "0.10.2"
+version = "0.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e5d9ba232399af1783a58d8eb26f6b5006fbefe2dc9ef36bd283324792d03ea5"
+checksum = "0329ef377816896f014435162bb3711ea7a07729c23d0960e6f8048b21b8fe91"
 dependencies = [
  "futures",
  "log",
  "nohash-hasher",
  "parking_lot",
+ "pin-project",
  "rand 0.8.5",
  "static_assertions",
 ]
diff --git a/muxers/yamux/Cargo.toml b/muxers/yamux/Cargo.toml
index 50a9e97d1d0..3e8c86b3d17 100644
--- a/muxers/yamux/Cargo.toml
+++ b/muxers/yamux/Cargo.toml
@@ -14,7 +14,7 @@ categories = ["network-programming", "asynchronous"]
 futures = "0.3.28"
 libp2p-core = { workspace = true }
 thiserror = "1.0"
-yamux = "0.10.0"
+yamux = "0.12.0"
 log = "0.4"
 
 [dev-dependencies]