diff --git a/package.json b/package.json
index 1ac04d4..78ad7b2 100644
--- a/package.json
+++ b/package.json
@@ -48,9 +48,9 @@
     "bn.js": "^5.2.1",
     "hardhat-typechain": "^0.3.5",
     "rimraf": "^5.0.4",
-    "web3": "^1.7.4",
-    "web3-core": "^1.7.4",
-    "web3-eth-contract": "^1.7.4"
+    "web3": "^4.0.1",
+    "web3-core": "^4.0.1",
+    "web3-eth-contract": "^4.0.1"
   },
   "devDependencies": {
     "@nomiclabs/hardhat-ethers": "^2.0.0",