diff --git a/Cargo.lock b/Cargo.lock
index 02dadfdda27f7..ce3337b1ac427 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -13221,8 +13221,8 @@ dependencies = [
  "pallet-utility",
  "parity-scale-codec",
  "paste",
- "polkavm 0.27.0",
- "polkavm-common 0.27.0",
+ "polkavm 0.29.1",
+ "polkavm-common 0.29.0",
  "pretty_assertions",
  "rand 0.8.5",
  "rand_pcg",
@@ -13297,7 +13297,7 @@ dependencies = [
  "cargo_metadata",
  "hex",
  "pallet-revive-uapi",
- "polkavm-linker 0.27.0",
+ "polkavm-linker 0.29.0",
  "serde_json",
  "sp-core 28.0.0",
  "sp-io",
@@ -13323,7 +13323,7 @@ dependencies = [
  "hex-literal",
  "pallet-revive-proc-macro",
  "parity-scale-codec",
- "polkavm-derive 0.27.0",
+ "polkavm-derive 0.29.0",
  "scale-info",
 ]
 
@@ -17310,15 +17310,15 @@ dependencies = [
 
 [[package]]
 name = "polkavm"
-version = "0.27.0"
+version = "0.29.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6ef5796e5aaa109df210fed7c6ff82e89c7bf94c28f6332d57bd0efb865fdc2a"
+checksum = "63c8211d36125b6cc451b3cbc46b8ee27fefb54521b67f43c8630bd1afbd44d4"
 dependencies = [
  "libc",
  "log",
- "polkavm-assembler 0.27.0",
- "polkavm-common 0.27.0",
- "polkavm-linux-raw 0.27.0",
+ "polkavm-assembler 0.29.0",
+ "polkavm-common 0.29.0",
+ "polkavm-linux-raw 0.29.0",
 ]
 
 [[package]]
@@ -17332,9 +17332,9 @@ dependencies = [
 
 [[package]]
 name = "polkavm-assembler"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "70bf3be2911acc089dfe54a92bfec22002f4fbf423b8fa771d1f7e7227f0195f"
+checksum = "914aacebfbc22da7772f5ecb6f79b39901dc4061121598bd4383a590a7506ebb"
 dependencies = [
  "log",
 ]
@@ -17357,13 +17357,13 @@ dependencies = [
 
 [[package]]
 name = "polkavm-common"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a19805789e7bf778ac5855f6fe9350353f6a1697c2aab9bfb6fc7c831be54fad"
+checksum = "f634b46a6a47a5de381f56d1d8cced9f8640d063b2b1a44b0da6dbef91bbd400"
 dependencies = [
  "blake3",
  "log",
- "polkavm-assembler 0.27.0",
+ "polkavm-assembler 0.29.0",
 ]
 
 [[package]]
@@ -17386,11 +17386,11 @@ dependencies = [
 
 [[package]]
 name = "polkavm-derive"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4eea46a17d87cbf3c0f3f6156f6300f60cec67cf9eaca296c770e0873f8389d6"
+checksum = "37ba6256c003853b6adb5dc8394e0e1882a9545ee3bec4e4ce533e7e4f488825"
 dependencies = [
- "polkavm-derive-impl-macro 0.27.0",
+ "polkavm-derive-impl-macro 0.29.0",
 ]
 
 [[package]]
@@ -17419,11 +17419,11 @@ dependencies = [
 
 [[package]]
 name = "polkavm-derive-impl"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8abdd1210d96b1dda9ac21199ec469448fd628cea102e2ff0e0df1667c4c3b5f"
+checksum = "90751404f08622c8a671695605cfc1bd83ec091339bd3258a37acc7a931c8741"
 dependencies = [
- "polkavm-common 0.27.0",
+ "polkavm-common 0.29.0",
  "proc-macro2 1.0.95",
  "quote 1.0.40",
  "syn 2.0.98",
@@ -17451,11 +17451,11 @@ dependencies = [
 
 [[package]]
 name = "polkavm-derive-impl-macro"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8a45173d70138aa1879892c50777ed0d8b0c8556f7678372f09fa1d89bbbddb4"
+checksum = "10e463de593b485c8685d42737aae81c24005dba967deaaaccbb6f3e936d8596"
 dependencies = [
- "polkavm-derive-impl 0.27.0",
+ "polkavm-derive-impl 0.29.0",
  "syn 2.0.98",
 ]
 
@@ -17477,16 +17477,16 @@ dependencies = [
 
 [[package]]
 name = "polkavm-linker"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "99fe3704d21e96c5d1e6a1b1a43ac57f9dce110d3331fbf8299e9f57d5884066"
+checksum = "43e01613e9e3e4ebd624aa3a11f1775a5c90b881200c50e054fe13c3ba451f98"
 dependencies = [
  "dirs",
  "gimli 0.31.1",
  "hashbrown 0.14.5",
  "log",
  "object 0.36.7",
- "polkavm-common 0.27.0",
+ "polkavm-common 0.29.0",
  "regalloc2 0.9.3",
  "rustc-demangle",
 ]
@@ -17499,9 +17499,9 @@ checksum = "28919f542476f4158cc71e6c072b1051f38f4b514253594ac3ad80e3c0211fc8"
 
 [[package]]
 name = "polkavm-linux-raw"
-version = "0.27.0"
+version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "061088785efd93e4367faf12f341bb356208c06bab43aa942d472068af80d1c4"
+checksum = "751fbbcf86635834dd9a700039c74ce8c7871b317acc84582d9667dad2ed9848"
 
 [[package]]
 name = "polling"
diff --git a/prdoc/pr_9928.prdoc b/prdoc/pr_9928.prdoc
new file mode 100644
index 0000000000000..507ea9b5e8f22
--- /dev/null
+++ b/prdoc/pr_9928.prdoc
@@ -0,0 +1,12 @@
+title: 'pallet-revive: Bump PolkaVM'
+doc:
+- audience: Runtime Dev
+  description: Bumped `polkavm` to the latest version. No semantic changes in that
+    update.
+crates:
+- name: pallet-revive
+  bump: patch
+- name: pallet-revive-fixtures
+  bump: patch
+- name: pallet-revive-uapi
+  bump: patch
diff --git a/substrate/frame/revive/Cargo.toml b/substrate/frame/revive/Cargo.toml
index 0163824de7c4a..de536727ea91d 100644
--- a/substrate/frame/revive/Cargo.toml
+++ b/substrate/frame/revive/Cargo.toml
@@ -31,8 +31,8 @@ num-bigint = { workspace = true }
 num-integer = { workspace = true }
 num-traits = { workspace = true }
 paste = { workspace = true }
-polkavm = { version = "0.27.0", default-features = false }
-polkavm-common = { version = "0.27.0", default-features = false, features = ["alloc"] }
+polkavm = { version = "0.29.1", default-features = false }
+polkavm-common = { version = "0.29.0", default-features = false, features = ["alloc"] }
 rand = { workspace = true, optional = true }
 rand_pcg = { workspace = true, optional = true }
 revm = { workspace = true }
diff --git a/substrate/frame/revive/fixtures/Cargo.toml b/substrate/frame/revive/fixtures/Cargo.toml
index 820a9b7952a55..9566058e62552 100644
--- a/substrate/frame/revive/fixtures/Cargo.toml
+++ b/substrate/frame/revive/fixtures/Cargo.toml
@@ -26,7 +26,7 @@ anyhow = { workspace = true, default-features = true }
 cargo_metadata = { workspace = true }
 hex = { workspace = true, features = ["alloc"] }
 pallet-revive-uapi = { workspace = true }
-polkavm-linker = { version = "0.27.0" }
+polkavm-linker = { version = "0.29.0" }
 serde_json = { workspace = true }
 toml = { workspace = true }
 
diff --git a/substrate/frame/revive/uapi/Cargo.toml b/substrate/frame/revive/uapi/Cargo.toml
index dafbd96642621..98adc0b1e6afd 100644
--- a/substrate/frame/revive/uapi/Cargo.toml
+++ b/substrate/frame/revive/uapi/Cargo.toml
@@ -28,7 +28,7 @@ pallet-revive-proc-macro = { workspace = true }
 scale-info = { features = ["derive"], optional = true, workspace = true }
 
 [target.'cfg(target_arch = "riscv64")'.dependencies]
-polkavm-derive = { version = "0.27.0" }
+polkavm-derive = { version = "0.29.0" }
 
 [features]
 default = ["scale"]