diff --git a/apps/block_scout_web/assets/package.json b/apps/block_scout_web/assets/package.json
index 9934272e3184..bbb1974ed2a8 100644
--- a/apps/block_scout_web/assets/package.json
+++ b/apps/block_scout_web/assets/package.json
@@ -72,7 +72,7 @@
     "urijs": "^1.19.11",
     "url": "^0.11.0",
     "util": "^0.12.3",
-    "web3": "^1.7.0",
+    "web3": "^4.0.1",
     "web3modal": "^1.9.8",
     "xss": "^1.0.13"
   },