diff --git a/setup.py b/setup.py
index 21d8bd5b..4d22898c 100644
--- a/setup.py
+++ b/setup.py
@@ -30,7 +30,7 @@
     "PyYAML==6.0.1",
     "pytz==2023.3.post1",
     "ocean-contracts==2.0.2",
-    "web3==6.11.1",
+    "web3==6.11.3",
     "gevent",
     "python-dateutil==2.8.2",
     "pyshacl==0.22.2",