diff --git a/pkgs/development/tools/subxt/default.nix b/pkgs/development/tools/subxt/default.nix
index fdf103f190e1..a530b54af01b 100644
--- a/pkgs/development/tools/subxt/default.nix
+++ b/pkgs/development/tools/subxt/default.nix
@@ -7,16 +7,16 @@
 
 rustPlatform.buildRustPackage rec {
   pname = "subxt";
-  version = "0.31.0";
+  version = "0.33.0";
 
   src = fetchFromGitHub {
     owner = "paritytech";
     repo = "subxt";
     rev = "v${version}";
-    hash = "sha256-eEsb88f16Ug9h7JNkzwSTxJZEV5r4XmmzsTxTQGk+j8=";
+    hash = "sha256-ZTBWGNbCwe6GyGXk/8QBGLiAp4ZO7VZuJvtZicJsvgA=";
   };
 
-  cargoHash = "sha256-kcs55NgwsqgZXcx+a6g0o9KdUG4tt0ZBv3dU/Pb0NJk=";
+  cargoHash = "sha256-FBtwmItzT5uFsKCx36POrYk5qDmlX9Nkx0E3hx17HqI=";
 
   # Only build the command line client
   cargoBuildFlags = [ "--bin" "subxt" ];