diff --git a/Cargo.lock b/Cargo.lock
index fd0af8c3..b4044596 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -291,8 +291,18 @@ version = "0.134.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "820ce15d4ad3562d613c31a67b6d0434d403e7091a68d1349903842f7d31737e"
 dependencies = [
- "cranelift-entity",
- "wasmtime-internal-core",
+ "cranelift-entity 0.134.3",
+ "wasmtime-internal-core 47.0.3",
+]
+
+[[package]]
+name = "cranelift-bforest"
+version = "0.135.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7828208a36e6627481cea61bd24c6234e31411d5c58b48e80ca094a1d593b944"
+dependencies = [
+ "cranelift-entity 0.135.1",
+ "wasmtime-internal-core 48.0.1",
 ]
 
 [[package]]
@@ -303,7 +313,18 @@ checksum = "61bca563d4b86d285928d9e27f97f27039bb33a0fc524fa130d7d0c106bf8ab3"
 dependencies = [
  "serde",
  "serde_derive",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
+]
+
+[[package]]
+name = "cranelift-bitset"
+version = "0.135.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a58c8447cc59ef98c49096679f81392ad0acec2224cea2bef52011f5169f9d02"
+dependencies = [
+ "serde",
+ "serde_derive",
+ "wasmtime-internal-core 48.0.1",
 ]
 
 [[package]]
@@ -314,12 +335,12 @@ checksum = "709f4b7c0fb57d952658d5b5c07fbdc4149acd7b7f0de9678ae754b9c981949a"
 dependencies = [
  "bumpalo",
  "cranelift-assembler-x64",
- "cranelift-bforest",
- "cranelift-bitset",
+ "cranelift-bforest 0.134.3",
+ "cranelift-bitset 0.134.3",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
  "cranelift-control",
- "cranelift-entity",
+ "cranelift-entity 0.134.3",
  "cranelift-isle",
  "gimli",
  "hashbrown 0.17.0",
@@ -334,7 +355,7 @@ dependencies = [
  "sha2",
  "smallvec",
  "target-lexicon",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
 ]
 
 [[package]]
@@ -371,10 +392,22 @@ version = "0.134.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b62ef5b17cc814d27e96b66a5b46da0e4ce2b8ac55a6d478048bb99d04b05526"
 dependencies = [
- "cranelift-bitset",
+ "cranelift-bitset 0.134.3",
+ "serde",
+ "serde_derive",
+ "wasmtime-internal-core 47.0.3",
+]
+
+[[package]]
+name = "cranelift-entity"
+version = "0.135.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e0ec225d6b79c5d61358cb5ea081a1384ec541dbf8c1a8c618d187875af326ad"
+dependencies = [
+ "cranelift-bitset 0.135.1",
  "serde",
  "serde_derive",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 48.0.1",
 ]
 
 [[package]]
@@ -1277,10 +1310,10 @@ version = "47.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bc5c8c21ea032e4efbdf2d067dc45171779dbe0c8ecf20ef4a57efa7474f2b0a"
 dependencies = [
- "cranelift-bitset",
+ "cranelift-bitset 0.134.3",
  "log",
  "pulley-macros",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
 ]
 
 [[package]]
@@ -2041,6 +2074,18 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "wasmparser"
+version = "0.254.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d5769a29f799fbab136aaf65b4fe5384cd7d93fe6fc9ba0dcb6c8382a1f16e27"
+dependencies = [
+ "bitflags",
+ "hashbrown 0.17.0",
+ "indexmap",
+ "serde",
+]
+
 [[package]]
 name = "wasmparser"
 version = "0.255.0"
@@ -2100,11 +2145,11 @@ dependencies = [
  "wasm-compose",
  "wasm-encoder 0.252.0",
  "wasmparser 0.252.0",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "wasmtime-internal-cache",
  "wasmtime-internal-component-macro",
  "wasmtime-internal-component-util",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
  "wasmtime-internal-cranelift",
  "wasmtime-internal-fiber",
  "wasmtime-internal-jit-debug",
@@ -2125,9 +2170,9 @@ checksum = "134f9d136d29c76f6c1b4c9b468e97a2efc38c7d49fd188e39b64870b2fea701"
 dependencies = [
  "anyhow",
  "cpp_demangle",
- "cranelift-bforest",
- "cranelift-bitset",
- "cranelift-entity",
+ "cranelift-bforest 0.134.3",
+ "cranelift-bitset 0.134.3",
+ "cranelift-entity 0.134.3",
  "gimli",
  "hashbrown 0.17.0",
  "indexmap",
@@ -2145,7 +2190,32 @@ dependencies = [
  "wasmparser 0.252.0",
  "wasmprinter",
  "wasmtime-internal-component-util",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
+]
+
+[[package]]
+name = "wasmtime-environ"
+version = "48.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "00c1070d95484d048994ec109cd42c4932ac07e6ee3cc1886fb90c7a18ec29da"
+dependencies = [
+ "anyhow",
+ "cranelift-bforest 0.135.1",
+ "cranelift-bitset 0.135.1",
+ "cranelift-entity 0.135.1",
+ "gimli",
+ "hashbrown 0.17.0",
+ "indexmap",
+ "log",
+ "object",
+ "postcard",
+ "serde",
+ "serde_derive",
+ "sha2",
+ "smallvec",
+ "target-lexicon",
+ "wasmparser 0.254.0",
+ "wasmtime-internal-core 48.0.1",
 ]
 
 [[package]]
@@ -2163,7 +2233,7 @@ dependencies = [
  "serde_derive",
  "sha2",
  "toml",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "windows-sys 0.61.2",
  "zstd",
 ]
@@ -2201,6 +2271,17 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "wasmtime-internal-core"
+version = "48.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "821385794cf44baf2967fd2515368429ed2bff9b9b256f62d09a0f1301474fd8"
+dependencies = [
+ "hashbrown 0.17.0",
+ "libm",
+ "serde",
+]
+
 [[package]]
 name = "wasmtime-internal-cranelift"
 version = "47.0.3"
@@ -2210,7 +2291,7 @@ dependencies = [
  "cfg-if",
  "cranelift-codegen",
  "cranelift-control",
- "cranelift-entity",
+ "cranelift-entity 0.134.3",
  "cranelift-frontend",
  "cranelift-native",
  "gimli",
@@ -2222,8 +2303,8 @@ dependencies = [
  "target-lexicon",
  "thiserror 2.0.17",
  "wasmparser 0.252.0",
- "wasmtime-environ",
- "wasmtime-internal-core",
+ "wasmtime-environ 47.0.3",
+ "wasmtime-internal-core 47.0.3",
  "wasmtime-internal-unwinder",
  "wasmtime-internal-versioned-export-macros",
 ]
@@ -2238,7 +2319,7 @@ dependencies = [
  "cfg-if",
  "libc",
  "rustix",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "wasmtime-internal-versioned-export-macros",
  "windows-sys 0.61.2",
 ]
@@ -2263,7 +2344,7 @@ checksum = "5684ba160951baad06a725696f3c590e2fb0e8067c2aebee27bf7f9259058e85"
 dependencies = [
  "cfg-if",
  "libc",
- "wasmtime-internal-core",
+ "wasmtime-internal-core 47.0.3",
  "windows-sys 0.61.2",
 ]
 
@@ -2277,7 +2358,7 @@ dependencies = [
  "cranelift-codegen",
  "log",
  "object",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
 ]
 
 [[package]]
@@ -2303,7 +2384,7 @@ dependencies = [
  "object",
  "target-lexicon",
  "wasmparser 0.252.0",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "wasmtime-internal-cranelift",
  "winch-codegen",
 ]
@@ -2337,7 +2418,7 @@ dependencies = [
  "static_assertions",
  "tokio",
  "wasmtime",
- "wasmtime-environ",
+ "wasmtime-environ 48.0.1",
  "wasmtime-wasi",
  "wat",
 ]
@@ -2432,7 +2513,7 @@ dependencies = [
  "thiserror 2.0.17",
  "tracing",
  "wasmtime",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "wiggle-macro",
 ]
 
@@ -2446,7 +2527,7 @@ dependencies = [
  "proc-macro2",
  "quote",
  "syn 2.0.106",
- "wasmtime-environ",
+ "wasmtime-environ 47.0.3",
  "witx",
 ]
 
@@ -2507,8 +2588,8 @@ dependencies = [
  "target-lexicon",
  "thiserror 2.0.17",
  "wasmparser 0.252.0",
- "wasmtime-environ",
- "wasmtime-internal-core",
+ "wasmtime-environ 47.0.3",
+ "wasmtime-internal-core 47.0.3",
  "wasmtime-internal-cranelift",
 ]
 
diff --git a/ext/Cargo.toml b/ext/Cargo.toml
index e937db87..834fddf1 100644
--- a/ext/Cargo.toml
+++ b/ext/Cargo.toml
@@ -38,7 +38,7 @@ async-timer = { version = "1.0.0-beta.15", features = [
   "tokio1",
 ], optional = true }
 static_assertions = "1.1.0"
-wasmtime-environ = "=47.0.3"
+wasmtime-environ = "=48.0.1"
 deterministic-wasi-ctx = { version = "=4.0.6" }
 
 [build-dependencies]