diff --git a/esm/package.json b/esm/package.json
index 71d07297..441b4a25 100644
--- a/esm/package.json
+++ b/esm/package.json
@@ -38,7 +38,7 @@
 		"@cheqd/ts-proto": "^4.2.0",
 		"@cosmjs/amino": "^0.38.1",
 		"@cosmjs/crypto": "^0.36.2",
-		"@cosmjs/encoding": "^0.36.2",
+		"@cosmjs/encoding": "^0.38.1",
 		"@cosmjs/math": "^0.38.1",
 		"@cosmjs/proto-signing": "^0.36.2",
 		"@cosmjs/stargate": "^0.36.2",