diff --git a/Cargo.lock b/Cargo.lock
index ee0de5c7e5c8..a5806658a9fb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -150,9 +150,9 @@ checksum = "db55d72333851e17d572bec876e390cd3b11eb1ef53ae821dd9f3b653d2b4569"
 
 [[package]]
 name = "arc-swap"
-version = "1.0.0"
+version = "1.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0688b520bcc7498f6ca8fa006e8031d353e3fd4f51bd4a50fb03cc4230b28bd2"
+checksum = "e6df5aef5c5830360ce5218cecb8f018af3438af5686ae945094affc86fdec63"
 
 [[package]]
 name = "arrayref"
diff --git a/storage/diemdb/Cargo.toml b/storage/diemdb/Cargo.toml
index 55c9b2e560e1..9297385ff49d 100644
--- a/storage/diemdb/Cargo.toml
+++ b/storage/diemdb/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.34"
-arc-swap = "1.0.0"
+arc-swap = "1.4.0"
 byteorder = "1.3.4"
 itertools = "0.9.0"
 once_cell = "1.4.1"