diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index ca12f0dee51c..b2cd21d85c7a 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,5 +1,5 @@
 [toolchain]
-channel = "1.73.0"
+channel = "1.74.0"
 profile = "default"
 # The default profile includes rustc, rust-std, cargo, rust-docs, rustfmt and clippy.
 # https://rust-lang.github.io/rustup/concepts/profiles.html