diff --git a/packages/subgraph/docker-compose.yml b/packages/subgraph/docker-compose.yml
index 2950fc4e79..94d93ffa77 100644
--- a/packages/subgraph/docker-compose.yml
+++ b/packages/subgraph/docker-compose.yml
@@ -1,6 +1,6 @@
 services:
   graph-node:
-    image: graphprotocol/graph-node:v0.35.0
+    image: graphprotocol/graph-node:v0.38.0
     ports:
       - "8000:8000"
       - "8001:8001"