diff --git a/package.json b/package.json
index ec24cbdd2b5..37f92e7bd64 100644
--- a/package.json
+++ b/package.json
@@ -45,7 +45,7 @@
     "stylelint-scss": "^3.19.0",
     "uglify-js": "^3.13.4",
     "wait-on": "^6.0.0",
-    "web3": "^1.7.0",
+    "web3": "^4.0.1",
     "webpack": "^5.36.0",
     "webpack-cli": "^4.6.0",
     "webpack-watched-glob-entries-plugin": "^2.1.9"