diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 55688215f9f..5a66f1c2a95 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,3 +1,3 @@
 [toolchain]
-channel = "1.97.1"
+channel = "1.98.1"
 targets = ["wasm32-unknown-unknown"]