diff --git a/package.json b/package.json
index af671ff7..9a43f411 100644
--- a/package.json
+++ b/package.json
@@ -89,7 +89,7 @@
     "ts-node": "10.9.1",
     "typescript": "5.1.6",
     "uglify-es": "3.3.9",
-    "web3": "1.10.0",
+    "web3": "4.0.3",
     "webpack": "5.75.0",
     "webpack-bundle-analyzer": "4.9.0",
     "webpack-cli": "5.1.4",