diff --git a/packages/sdk/package.json b/packages/sdk/package.json
index 1f26def1..0eace587 100644
--- a/packages/sdk/package.json
+++ b/packages/sdk/package.json
@@ -25,7 +25,7 @@
     "@polkadot/api": "^9.9.1",
     "@polkadot/types": "^9.9.1",
     "@types/events": "^3.0.0",
-    "axios": "^0.24.0",
+    "axios": "^1.3.4",
     "bignumber.js": "^9.0.0",
     "cross-fetch": "^3.1.4",
     "ethers": "^5.6.2",
diff --git a/yarn.lock b/yarn.lock
index 117cf21e..8c01af07 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -296,7 +296,7 @@ __metadata:
     "@types/dotenv": ^8.2.0
     "@types/events": ^3.0.0
     "@types/lodash": ^4.14.161
-    axios: ^0.24.0
+    axios: ^1.3.4
     bignumber.js: ^9.0.0
     cross-fetch: ^3.1.4
     ethers: ^5.6.2
@@ -5550,6 +5550,17 @@ __metadata:
   languageName: node
   linkType: hard
 
+"axios@npm:^1.3.4":
+  version: 1.3.4
+  resolution: "axios@npm:1.3.4"
+  dependencies:
+    follow-redirects: ^1.15.0
+    form-data: ^4.0.0
+    proxy-from-env: ^1.1.0
+  checksum: 7440edefcf8498bc3cdf39de00443e8101f249972c83b739c6e880d9d669fea9486372dbe8739e88b3bf8bb1ad15f6106693f206f078f4516fe8fd47b1c3093c
+  languageName: node
+  linkType: hard
+
 "babel-jest@npm:^27.5.1":
   version: 27.5.1
   resolution: "babel-jest@npm:27.5.1"
@@ -8125,7 +8136,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"follow-redirects@npm:^1.14.4, follow-redirects@npm:^1.14.9":
+"follow-redirects@npm:^1.14.4, follow-redirects@npm:^1.14.9, follow-redirects@npm:^1.15.0":
   version: 1.15.2
   resolution: "follow-redirects@npm:1.15.2"
   peerDependenciesMeta:
@@ -12283,6 +12294,13 @@ __metadata:
   languageName: node
   linkType: hard
 
+"proxy-from-env@npm:^1.1.0":
+  version: 1.1.0
+  resolution: "proxy-from-env@npm:1.1.0"
+  checksum: ed7fcc2ba0a33404958e34d95d18638249a68c430e30fcb6c478497d72739ba64ce9810a24f53a7d921d0c065e5b78e3822759800698167256b04659366ca4d4
+  languageName: node
+  linkType: hard
+
 "pseudomap@npm:^1.0.2":
   version: 1.0.2
   resolution: "pseudomap@npm:1.0.2"