diff --git a/packages/web3-shared/evm/package.json b/packages/web3-shared/evm/package.json
index 082ce112c66d..2a8cb144ab02 100644
--- a/packages/web3-shared/evm/package.json
+++ b/packages/web3-shared/evm/package.json
@@ -26,7 +26,7 @@
     "wallet.ts": "^1.0.1",
     "web3": "1.5.2",
     "web3-core-helpers": "1.5.2",
-    "web3-utils": "1.5.2"
+    "web3-utils": "1.6.1"
   },
   "devDependencies": {
     "@types/use-subscription": "^1.0.0"