diff --git a/apps/block_scout_web/assets/package.json b/apps/block_scout_web/assets/package.json
index 1877749a01bc..a01d71a4b121 100644
--- a/apps/block_scout_web/assets/package.json
+++ b/apps/block_scout_web/assets/package.json
@@ -51,7 +51,7 @@
     "urijs": "^1.19.2",
     "url": "^0.11.0",
     "util": "^0.12.3",
-    "web3": "^1.3.5"
+    "web3": "^4.0.1"
   },
   "devDependencies": {
     "@babel/core": "^7.7.2",