diff --git a/packages/shared-base/package.json b/packages/shared-base/package.json
index 39604a550a9d..a7b2e8028a6c 100644
--- a/packages/shared-base/package.json
+++ b/packages/shared-base/package.json
@@ -34,7 +34,7 @@
     "tiny-secp256k1": "^2.2.3",
     "typeson": "^9.0.3",
     "typeson-registry": "^8.0.0",
-    "web3-utils": "1.8.0"
+    "web3-utils": "1.10.2"
   },
   "devDependencies": {
     "@types/use-subscription": "^1.0.0"