diff --git a/panel/api/pyproject.toml b/panel/api/pyproject.toml
index 98de615..2a2288c 100644
--- a/panel/api/pyproject.toml
+++ b/panel/api/pyproject.toml
@@ -4,7 +4,7 @@ version = "0.1.0"
 requires-python = ">=3.12"
 dependencies = [
   "fastapi==0.136.*",
-  "uvicorn[standard]==0.47.*",
+  "uvicorn[standard]==0.48.*",
   "pyjwt==2.12.*",
   "bcrypt==5.0.*",
   "sqlalchemy==2.0.*",