diff --git a/Cargo.lock b/Cargo.lock
index e0cc5845c00e5..751bf864073e9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5669,18 +5669,18 @@ checksum = "1b6b67fb9a61334225b5b790716f609cd58395f895b3fe8b328786812a40bc3b"
 
 [[package]]
 name = "snmalloc-rs"
-version = "0.3.8"
+version = "0.7.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eb317153089fdfa4d8a2eec059d40a5a23c3bde43995ea23b19121c3f621e74a"
+checksum = "530a04ae687609072d0edd38866406fbbcd23d2f716791437e312ec4d64a355a"
 dependencies = [
  "snmalloc-sys",
 ]
 
 [[package]]
 name = "snmalloc-sys"
-version = "0.3.8"
+version = "0.7.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "065fea53d32bb77bc36cca466cb191f2e5216ebfd0ed360b1d64889ee6e559ea"
+checksum = "a96cbeb16d6bcc5979f80ec907582a886b7fb3b9a707678b63dd93a10d8ee858"
 dependencies = [
  "cmake",
 ]
diff --git a/benchmarks/Cargo.toml b/benchmarks/Cargo.toml
index 56f7704309780..f82f1c0a03e3d 100644
--- a/benchmarks/Cargo.toml
+++ b/benchmarks/Cargo.toml
@@ -56,7 +56,7 @@ rand = { workspace = true }
 regex.workspace = true
 serde = { version = "1.0.228", features = ["derive"] }
 serde_json = { workspace = true }
-snmalloc-rs = { version = "0.3", optional = true }
+snmalloc-rs = { version = "0.7", optional = true }
 tokio = { workspace = true, features = ["rt-multi-thread", "parking_lot"] }
 tokio-util = { version = "0.7.17" }