diff --git a/package.json b/package.json
index d82d9f0b22c..15f92a0dca6 100644
--- a/package.json
+++ b/package.json
@@ -83,7 +83,7 @@
     "solidity-ast": "^0.4.25",
     "solidity-coverage": "^0.8.4",
     "solidity-docgen": "^0.5.3",
-    "web3": "^1.3.0",
+    "web3": "^4.0.3",
     "yargs": "^17.7.2"
   }
 }