diff --git a/package.json b/package.json
index c070915f9e9..11bf7b2b645 100644
--- a/package.json
+++ b/package.json
@@ -88,7 +88,7 @@
     "solidity-coverage": "^0.8.0",
     "solidity-docgen": "^0.6.0-beta.29",
     "undici": "^5.22.1",
-    "web3": "^1.3.0",
+    "web3": "^4.0.0",
     "yargs": "^17.0.0"
   }
 }