diff --git a/Cargo.lock b/Cargo.lock
index 0e80ab54d2..9e19c67c2e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -392,7 +392,7 @@ dependencies = [
  "smallvec",
  "target-lexicon",
  "thiserror",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -1303,7 +1303,7 @@ dependencies = [
  "peepmatic-test-operator",
  "peepmatic-traits",
  "serde",
- "wast 22.0.0",
+ "wast",
  "z3",
 ]
 
@@ -1331,7 +1331,7 @@ dependencies = [
  "peepmatic-traits",
  "rand 0.7.3",
  "serde",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -1356,7 +1356,7 @@ dependencies = [
  "serde",
  "serde_test",
  "thiserror",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -1377,7 +1377,7 @@ version = "0.66.0"
 dependencies = [
  "peepmatic-traits",
  "serde",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -2644,7 +2644,7 @@ version = "0.19.0"
 dependencies = [
  "anyhow",
  "wasmtime",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -2668,15 +2668,6 @@ dependencies = [
  "witx",
 ]
 
-[[package]]
-name = "wast"
-version = "21.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0b1844f66a2bc8526d71690104c0e78a8e59ffa1597b7245769d174ebb91deb5"
-dependencies = [
- "leb128",
-]
-
 [[package]]
 name = "wast"
 version = "22.0.0"
@@ -2688,11 +2679,11 @@ dependencies = [
 
 [[package]]
 name = "wat"
-version = "1.0.22"
+version = "1.0.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ce85d72b74242c340e9e3492cfb602652d7bb324c3172dd441b5577e39a2e18c"
+checksum = "f888158d9a4b7c39b859f72a435019835b64097c749f4f28d319004ca5a520b8"
 dependencies = [
- "wast 21.0.0",
+ "wast",
 ]
 
 [[package]]
@@ -2802,7 +2793,7 @@ dependencies = [
  "pretty_env_logger",
  "structopt",
  "thiserror",
- "wast 22.0.0",
+ "wast",
 ]
 
 [[package]]
diff --git a/Cargo.toml b/Cargo.toml
index 4e665313e0..a6001bcf35 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -37,7 +37,7 @@ anyhow = "1.0.19"
 target-lexicon = { version = "0.10.0", default-features = false }
 pretty_env_logger = "0.4.0"
 file-per-thread-logger = "0.1.1"
-wat = "1.0.18"
+wat = "1.0.23"
 libc = "0.2.60"
 log = "0.4.8"
 rayon = "1.2.1"
diff --git a/cranelift/wasm/Cargo.toml b/cranelift/wasm/Cargo.toml
index 1237ca4956..5c1b1b4f4e 100644
--- a/cranelift/wasm/Cargo.toml
+++ b/cranelift/wasm/Cargo.toml
@@ -22,7 +22,7 @@ serde = { version = "1.0.94", features = ["derive"], optional = true }
 thiserror = "1.0.4"
 
 [dev-dependencies]
-wat = "1.0.18"
+wat = "1.0.23"
 target-lexicon = "0.10"
 # Enable the riscv feature for cranelift-codegen, as some tests require it
 cranelift-codegen = { path = "../codegen", version = "0.66.0", default-features = false, features = ["riscv"] }
diff --git a/crates/c-api/Cargo.toml b/crates/c-api/Cargo.toml
index fc4704e282..1e0dd86b14 100644
--- a/crates/c-api/Cargo.toml
+++ b/crates/c-api/Cargo.toml
@@ -24,7 +24,7 @@ wasmtime = { path = "../wasmtime", default-features = false }
 wasmtime-c-api-macros = { path = "macros" }
 
 # Optional dependency for the `wat2wasm` API
-wat = { version = "1.0.18", optional = true }
+wat = { version = "1.0.23", optional = true }
 
 # Optional dependencies for the `wasi` feature
 wasi-common = { path = "../wasi-common", optional = true }
diff --git a/crates/fuzzing/Cargo.toml b/crates/fuzzing/Cargo.toml
index 64dbc78468..1f33041c19 100644
--- a/crates/fuzzing/Cargo.toml
+++ b/crates/fuzzing/Cargo.toml
@@ -19,4 +19,4 @@ wasmtime = { path = "../wasmtime" }
 wasmtime-wast = { path = "../wast" }
 
 [dev-dependencies]
-wat = "1.0.18"
+wat = "1.0.23"
diff --git a/crates/lightbeam/Cargo.toml b/crates/lightbeam/Cargo.toml
index 2ec0197f28..3800932f7f 100644
--- a/crates/lightbeam/Cargo.toml
+++ b/crates/lightbeam/Cargo.toml
@@ -28,7 +28,7 @@ wasmparser = "0.59.0"
 
 [dev-dependencies]
 lazy_static = "1.2"
-wat = "1.0.18"
+wat = "1.0.23"
 quickcheck = "0.9.0"
 anyhow = "1.0"
 
diff --git a/crates/test-programs/Cargo.toml b/crates/test-programs/Cargo.toml
index 59c0b3dc46..2a528246a8 100644
--- a/crates/test-programs/Cargo.toml
+++ b/crates/test-programs/Cargo.toml
@@ -18,7 +18,7 @@ pretty_env_logger = "0.4.0"
 tempfile = "3.1.0"
 os_pipe = "0.9"
 anyhow = "1.0.19"
-wat = "1.0.18"
+wat = "1.0.23"
 
 [features]
 test_programs = []