diff --git a/Cargo.lock b/Cargo.lock
index d6399a3a5d..3c4dbc8e88 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1624,17 +1624,6 @@ dependencies = [
  "num-traits",
 ]
 
-[[package]]
-name = "num-derive"
-version = "0.4.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ed3955f1a9c7c0c15e092f9c887db08b1fc683305fdf6eb6684f22555355e202"
-dependencies = [
- "proc-macro2",
- "quote",
- "syn",
-]
-
 [[package]]
 name = "num-integer"
 version = "0.1.46"
@@ -2771,26 +2760,25 @@ dependencies = [
 
 [[package]]
 name = "wasmi"
-version = "0.36.0"
+version = "0.38.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7c77715a28de774a980a45670db0d01dc1596abd8c71b5d1032da4f75b8439cf"
+checksum = "b07e84e3bcdab2f4301827623260ada2557596ca462f7470b60f5182a25270b1"
 dependencies = [
  "arrayvec 0.7.6",
  "multi-stash",
- "num-derive",
- "num-traits",
  "smallvec",
  "spin",
  "wasmi_collections",
  "wasmi_core",
+ "wasmi_ir",
  "wasmparser-nostd",
 ]
 
 [[package]]
 name = "wasmi_collections"
-version = "0.36.0"
+version = "0.38.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9c413f056317e1e7459592b22e18d068d68f9035f8b3b9b0ee183494fc92e468"
+checksum = "0d0fd5f4f2c4fe0c98554bb7293108ed2b1d0c124dce0974f999de7d517d37bc"
 dependencies = [
  "ahash",
  "hashbrown 0.14.5",
@@ -2799,9 +2787,9 @@ dependencies = [
 
 [[package]]
 name = "wasmi_core"
-version = "0.36.0"
+version = "0.38.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "771f23d12347e60d4cd2ef74636013cd14030ada552668ddcc228d7001a6bf86"
+checksum = "76a5f7bbd933a0fb3bac6c541f8bd90c0c8adcd91bb3ac088a2088995325b3d9"
 dependencies = [
  "downcast-rs",
  "libm",
@@ -2809,6 +2797,15 @@ dependencies = [
  "paste",
 ]
 
+[[package]]
+name = "wasmi_ir"
+version = "0.38.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5a3345445247388df2b5b35250a30c9209c27c8d2c6db1bf4c89b65636264bf9"
+dependencies = [
+ "wasmi_core",
+]
+
 [[package]]
 name = "wasmparser"
 version = "0.215.0"
diff --git a/lib/Cargo.toml b/lib/Cargo.toml
index 57516b2fd6..5aa5f0f062 100644
--- a/lib/Cargo.toml
+++ b/lib/Cargo.toml
@@ -76,7 +76,7 @@ siphasher = { version = "1.0.1", default-features = false }
 slab = { version = "0.4.8", default-features = false }
 smallvec = { version = "1.13.2", default-features = false }
 twox-hash = { version = "1.6.3", default-features = false }
-wasmi = { version = "0.36.0", default-features = false }
+wasmi = { version = "0.38.0", default-features = false }
 x25519-dalek = { version = "2.0.0-rc.3", default-features = false, features = ["alloc", "precomputed-tables", "static_secrets", "zeroize"] }
 zeroize = { version = "1.7.0", default-features = false, features = ["alloc"] }