diff --git a/packages/cli/package.json b/packages/cli/package.json
index 20e9f3b8350..bca16bab776 100644
--- a/packages/cli/package.json
+++ b/packages/cli/package.json
@@ -48,7 +48,7 @@
     "fs-extra": "^8.1.0",
     "path": "^0.12.7",
     "tslib": "^1",
-    "web3": "1.0.0-beta.37"
+    "web3": "4.0.1"
   },
   "devDependencies": {
     "@oclif/dev-cli": "^1",