diff --git a/.changeset/pretty-peas-laugh.md b/.changeset/pretty-peas-laugh.md
new file mode 100644
index 0000000000..ef0b5d3ee0
--- /dev/null
+++ b/.changeset/pretty-peas-laugh.md
@@ -0,0 +1,7 @@
+---
+'@rainbow-me/rainbowkit': patch
+---
+
+Add `ethers` to peer dependencies to ensure consistent versioning with wagmi
+
+We previously had a direct dependency on `@ethersproject/providers`, but this meant that provider instances generated by RainbowKit could potentially clash with the version of Ethers.js installed alongside wagmi. To avoid this, we’re now relying on the `ethers` peer dependency that wagmi already requires, ensuring that there's only ever a single copy of `ethers` between them.
diff --git a/packages/rainbowkit/package.json b/packages/rainbowkit/package.json
index 0de3b2f207..e6eedf6d57 100644
--- a/packages/rainbowkit/package.json
+++ b/packages/rainbowkit/package.json
@@ -39,22 +39,24 @@
   "author": "Rainbow",
   "license": "MIT",
   "peerDependencies": {
+    "ethers": ">=5.5.1",
     "react": ">=17",
     "react-dom": ">=17",
     "wagmi": "^0.3.2"
   },
   "devDependencies": {
     "@ethersproject/abstract-provider": "^5.5.1",
+    "@ethersproject/providers": "^5.5.1",
     "@types/qrcode": "^1.4.2",
     "@vanilla-extract/private": "^1.0.2",
     "autoprefixer": "^10.4.0",
+    "ethers": "^5.0.0",
     "nock": "^13.2.4",
     "postcss": "^8.4.4",
     "react": "^18.0.0",
     "vitest": "^0.5.0"
   },
   "dependencies": {
-    "@ethersproject/providers": "^5.5.1",
     "@vanilla-extract/css": "^1.6.6",
     "@vanilla-extract/dynamic": "^2.0.2",
     "@vanilla-extract/sprinkles": "^1.4.0",
diff --git a/packages/rainbowkit/src/chains/apiProviders/ApiProvider.ts b/packages/rainbowkit/src/chains/apiProviders/ApiProvider.ts
index 36b3fe7b6d..1a845df81f 100644
--- a/packages/rainbowkit/src/chains/apiProviders/ApiProvider.ts
+++ b/packages/rainbowkit/src/chains/apiProviders/ApiProvider.ts
@@ -1,12 +1,9 @@
-import {
-  BaseProvider,
-  WebSocketProvider as BaseWebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { Chain } from '../../components/RainbowKitProvider/RainbowKitChainContext';
 
 export type ApiProvider<
-  Provider extends BaseProvider = BaseProvider,
-  WebSocketProvider extends BaseWebSocketProvider = BaseWebSocketProvider
+  Provider extends providers.BaseProvider = providers.BaseProvider,
+  WebSocketProvider extends providers.WebSocketProvider = providers.WebSocketProvider
 > = (chain: Chain) => {
   chain: Chain;
   provider: () => Provider;
diff --git a/packages/rainbowkit/src/chains/apiProviders/alchemy.ts b/packages/rainbowkit/src/chains/apiProviders/alchemy.ts
index dc8586007c..c61feffcf7 100644
--- a/packages/rainbowkit/src/chains/apiProviders/alchemy.ts
+++ b/packages/rainbowkit/src/chains/apiProviders/alchemy.ts
@@ -1,16 +1,19 @@
-import {
-  AlchemyProvider,
-  AlchemyWebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { ApiProvider } from './ApiProvider';
 
 export const defaultAlchemyId = '_gg7wSSi0KMBsdKnGVfHDueq6xMB9EkC';
 
 export const alchemy = (
   alchemyId: string = defaultAlchemyId
-): ApiProvider<AlchemyProvider, AlchemyWebSocketProvider> => {
+): ApiProvider<
+  providers.AlchemyProvider,
+  providers.AlchemyWebSocketProvider
+> => {
   return function (chain) {
-    if (!chain.rpcUrls.alchemy) return null;
+    if (!chain.rpcUrls.alchemy) {
+      return null;
+    }
+
     return {
       chain: {
         ...chain,
@@ -19,9 +22,9 @@ export const alchemy = (
           default: `${chain.rpcUrls.alchemy}/${alchemyId}`,
         },
       },
-      provider: () => new AlchemyProvider(chain.id, alchemyId),
+      provider: () => new providers.AlchemyProvider(chain.id, alchemyId),
       webSocketProvider: () =>
-        new AlchemyWebSocketProvider(chain.id, alchemyId),
+        new providers.AlchemyWebSocketProvider(chain.id, alchemyId),
     };
   };
 };
diff --git a/packages/rainbowkit/src/chains/apiProviders/fallback.ts b/packages/rainbowkit/src/chains/apiProviders/fallback.ts
index 18cb8ca9c1..0815229857 100644
--- a/packages/rainbowkit/src/chains/apiProviders/fallback.ts
+++ b/packages/rainbowkit/src/chains/apiProviders/fallback.ts
@@ -1,19 +1,19 @@
-import {
-  StaticJsonRpcProvider,
-  WebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { ApiProvider } from './ApiProvider';
 
 export const fallback = (): ApiProvider<
-  StaticJsonRpcProvider,
-  WebSocketProvider
+  providers.StaticJsonRpcProvider,
+  providers.WebSocketProvider
 > => {
   return function (chain) {
-    if (!chain.rpcUrls.default) return null;
+    if (!chain.rpcUrls.default) {
+      return null;
+    }
+
     return {
       chain,
       provider: () =>
-        new StaticJsonRpcProvider(chain.rpcUrls.default, chain.id),
+        new providers.StaticJsonRpcProvider(chain.rpcUrls.default, chain.id),
     };
   };
 };
diff --git a/packages/rainbowkit/src/chains/apiProviders/infura.ts b/packages/rainbowkit/src/chains/apiProviders/infura.ts
index 6a18d7bb90..4f1518e6d2 100644
--- a/packages/rainbowkit/src/chains/apiProviders/infura.ts
+++ b/packages/rainbowkit/src/chains/apiProviders/infura.ts
@@ -1,16 +1,16 @@
-import {
-  InfuraProvider,
-  InfuraWebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { ApiProvider } from './ApiProvider';
 
 export const defaultInfuraId = '84842078b09946638c03157f83405213';
 
 export const infura = (
   infuraId: string = defaultInfuraId
-): ApiProvider<InfuraProvider, InfuraWebSocketProvider> => {
+): ApiProvider<providers.InfuraProvider, providers.InfuraWebSocketProvider> => {
   return function (chain) {
-    if (!chain.rpcUrls.infura) return null;
+    if (!chain.rpcUrls.infura) {
+      return null;
+    }
+
     return {
       chain: {
         ...chain,
@@ -19,8 +19,9 @@ export const infura = (
           default: `${chain.rpcUrls.infura}/${infuraId}`,
         },
       },
-      provider: () => new InfuraProvider(chain.id, infuraId),
-      webSocketProvider: () => new InfuraWebSocketProvider(chain.id, infuraId),
+      provider: () => new providers.InfuraProvider(chain.id, infuraId),
+      webSocketProvider: () =>
+        new providers.InfuraWebSocketProvider(chain.id, infuraId),
     };
   };
 };
diff --git a/packages/rainbowkit/src/chains/apiProviders/jsonRpc.ts b/packages/rainbowkit/src/chains/apiProviders/jsonRpc.ts
index 213723a59b..690f62df69 100644
--- a/packages/rainbowkit/src/chains/apiProviders/jsonRpc.ts
+++ b/packages/rainbowkit/src/chains/apiProviders/jsonRpc.ts
@@ -1,16 +1,20 @@
-import {
-  StaticJsonRpcProvider,
-  WebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { Chain } from '../../components/RainbowKitProvider/RainbowKitChainContext';
 import { ApiProvider } from './ApiProvider';
 
 export const jsonRpc = (
   getRpcUrls: (chain: Chain) => { rpcUrl: string; webSocketRpcUrl?: string }
-): ApiProvider<StaticJsonRpcProvider, WebSocketProvider> => {
+): ApiProvider<
+  providers.StaticJsonRpcProvider,
+  providers.WebSocketProvider
+> => {
   return function (chain) {
     const { rpcUrl, webSocketRpcUrl } = getRpcUrls(chain);
-    if (rpcUrl === '') return null;
+
+    if (rpcUrl === '') {
+      return null;
+    }
+
     return {
       chain: {
         ...chain,
@@ -19,10 +23,10 @@ export const jsonRpc = (
           default: rpcUrl,
         },
       },
-      provider: () => new StaticJsonRpcProvider(rpcUrl, chain.id),
+      provider: () => new providers.StaticJsonRpcProvider(rpcUrl, chain.id),
       ...(webSocketRpcUrl && {
         webSocketProvider: () =>
-          new WebSocketProvider(webSocketRpcUrl, chain.id),
+          new providers.WebSocketProvider(webSocketRpcUrl, chain.id),
       }),
     };
   };
diff --git a/packages/rainbowkit/src/chains/configureChains.ts b/packages/rainbowkit/src/chains/configureChains.ts
index 2ab45ebf2f..a60bacddde 100644
--- a/packages/rainbowkit/src/chains/configureChains.ts
+++ b/packages/rainbowkit/src/chains/configureChains.ts
@@ -1,13 +1,10 @@
-import {
-  BaseProvider,
-  WebSocketProvider as BaseWebSocketProvider,
-} from '@ethersproject/providers';
+import { providers } from 'ethers';
 import { Chain } from '../components/RainbowKitProvider/RainbowKitChainContext';
 import { ApiProvider } from './apiProviders/ApiProvider';
 
 export const configureChains = <
-  Provider extends BaseProvider = BaseProvider,
-  WebSocketProvider extends BaseWebSocketProvider = BaseWebSocketProvider
+  Provider extends providers.BaseProvider = providers.BaseProvider,
+  WebSocketProvider extends providers.WebSocketProvider = providers.WebSocketProvider
 >(
   defaultChains: Chain[],
   apiProviders: ApiProvider<Provider, WebSocketProvider>[]
diff --git a/packages/rainbowkit/src/transactions/TransactionStoreContext.tsx b/packages/rainbowkit/src/transactions/TransactionStoreContext.tsx
index c459ad6e23..9919adfa0c 100644
--- a/packages/rainbowkit/src/transactions/TransactionStoreContext.tsx
+++ b/packages/rainbowkit/src/transactions/TransactionStoreContext.tsx
@@ -1,4 +1,3 @@
-import { BaseProvider } from '@ethersproject/providers';
 import React, { createContext, useContext, useEffect, useState } from 'react';
 import { useProvider } from 'wagmi';
 import { useAddress } from '../hooks/useAddress';
@@ -18,7 +17,7 @@ export function TransactionStoreProvider({
 }: {
   children: React.ReactNode;
 }) {
-  const provider = useProvider<BaseProvider>();
+  const provider = useProvider();
   const address = useAddress();
   const chainId = useChainId();
 
diff --git a/packages/rainbowkit/src/transactions/transactionStore.ts b/packages/rainbowkit/src/transactions/transactionStore.ts
index 9e1400b810..928928a47c 100644
--- a/packages/rainbowkit/src/transactions/transactionStore.ts
+++ b/packages/rainbowkit/src/transactions/transactionStore.ts
@@ -1,4 +1,4 @@
-import type { BaseProvider } from '@ethersproject/providers';
+import { providers } from 'ethers';
 
 const storageKey = 'rk-transactions';
 
@@ -61,7 +61,7 @@ function validateTransaction(
 export function createTransactionStore({
   provider: initialProvider,
 }: {
-  provider: BaseProvider;
+  provider: providers.BaseProvider;
 }) {
   let data: Data = loadData();
 
@@ -69,7 +69,7 @@ export function createTransactionStore({
   const listeners: Set<() => void> = new Set();
   const transactionRequestCache: Map<string, Promise<void>> = new Map();
 
-  function setProvider(newProvider: BaseProvider): void {
+  function setProvider(newProvider: providers.BaseProvider): void {
     provider = newProvider;
   }
 
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 86736ad23d..2a28f0f396 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -105,6 +105,7 @@ importers:
       autoprefixer: ^10.4.0
       clsx: ^1.1.1
       detect-browser: ^5.3.0
+      ethers: ^5.0.0
       focus-visible: ^5.2.0
       nock: ^13.2.4
       postcss: ^8.4.4
@@ -113,7 +114,6 @@ importers:
       react-remove-scroll: ^2.4.4
       vitest: ^0.5.0
     dependencies:
-      '@ethersproject/providers': 5.6.2
       '@vanilla-extract/css': 1.6.8
       '@vanilla-extract/dynamic': 2.0.2
       '@vanilla-extract/sprinkles': 1.4.0_@vanilla-extract+css@1.6.8
@@ -124,9 +124,11 @@ importers:
       react-remove-scroll: 2.4.4_@types+react@18.0.5+react@18.0.0
     devDependencies:
       '@ethersproject/abstract-provider': 5.6.0
+      '@ethersproject/providers': 5.6.2
       '@types/qrcode': 1.4.2
       '@vanilla-extract/private': 1.0.3
       autoprefixer: 10.4.2_postcss@8.4.6
+      ethers: 5.6.2
       nock: 13.2.4
       postcss: 8.4.6
       react: 18.0.0
@@ -2067,7 +2069,6 @@ packages:
       '@ethersproject/logger': 5.6.0
       '@ethersproject/properties': 5.6.0
       '@ethersproject/strings': 5.6.0
-    dev: false
 
   /@ethersproject/abstract-provider/5.6.0:
     resolution: {integrity: sha512-oPMFlKLN+g+y7a79cLK3WiLcjWFnZQtXWgnLAbHZcN3s7L4v90UHpTOrLk+m3yr0gt+/h9STTM6zrr7PM8uoRw==}
@@ -2088,7 +2089,6 @@ packages:
       '@ethersproject/bytes': 5.6.1
       '@ethersproject/logger': 5.6.0
       '@ethersproject/properties': 5.6.0
-    dev: false
 
   /@ethersproject/address/5.6.0:
     resolution: {integrity: sha512-6nvhYXjbXsHPS+30sHZ+U4VMagFC/9zAk6Gd/h3S21YW4+yfb0WfRtaAIZ4kfM4rrVwqiy284LP0GtL5HXGLxQ==}
@@ -2109,7 +2109,6 @@ packages:
     dependencies:
       '@ethersproject/bytes': 5.6.1
       '@ethersproject/properties': 5.6.0
-    dev: false
 
   /@ethersproject/bignumber/5.6.0:
     resolution: {integrity: sha512-VziMaXIUHQlHJmkv1dlcd6GY2PmT0khtAqaMctCIDogxkrarMzA9L94KN1NeXqqOfFD6r0sJT3vCTOFSmZ07DA==}
@@ -2141,7 +2140,6 @@ packages:
       '@ethersproject/logger': 5.6.0
       '@ethersproject/properties': 5.6.0
       '@ethersproject/transactions': 5.6.0
-    dev: false
 
   /@ethersproject/hash/5.6.0:
     resolution: {integrity: sha512-fFd+k9gtczqlr0/BruWLAu7UAOas1uRRJvOR84uDf4lNZ+bTkGl366qvniUZHKtlqxBRU65MkOobkmvmpHU+jA==}
@@ -2154,7 +2152,6 @@ packages:
       '@ethersproject/logger': 5.6.0
       '@ethersproject/properties': 5.6.0
       '@ethersproject/strings': 5.6.0
-    dev: false
 
   /@ethersproject/hdnode/5.6.0:
     resolution: {integrity: sha512-61g3Jp3nwDqJcL/p4nugSyLrpl/+ChXIOtCEM8UDmWeB3JCAt5FoLdOMXQc3WWkc0oM2C0aAn6GFqqMcS/mHTw==}
@@ -2171,7 +2168,6 @@ packages:
       '@ethersproject/strings': 5.6.0
       '@ethersproject/transactions': 5.6.0
       '@ethersproject/wordlists': 5.6.0
-    dev: false
 
   /@ethersproject/json-wallets/5.6.0:
     resolution: {integrity: sha512-fmh86jViB9r0ibWXTQipxpAGMiuxoqUf78oqJDlCAJXgnJF024hOOX7qVgqsjtbeoxmcLwpPsXNU0WEe/16qPQ==}
@@ -2189,7 +2185,6 @@ packages:
       '@ethersproject/transactions': 5.6.0
       aes-js: 3.0.0
       scrypt-js: 3.0.1
-    dev: false
 
   /@ethersproject/keccak256/5.6.0:
     resolution: {integrity: sha512-tk56BJ96mdj/ksi7HWZVWGjCq0WVl/QvfhFQNeL8fxhBlGoP+L80uDCiQcpJPd+2XxkivS3lwRm3E0CXTfol0w==}
@@ -2210,7 +2205,6 @@ packages:
     dependencies:
       '@ethersproject/bytes': 5.6.1
       '@ethersproject/sha2': 5.6.0
-    dev: false
 
   /@ethersproject/properties/5.6.0:
     resolution: {integrity: sha512-szoOkHskajKePTJSZ46uHUWWkbv7TzP2ypdEK6jGMqJaEt2sb0jCgfBo0gH0m2HBpRixMuJ6TBRaQCF7a9DoCg==}
@@ -2242,14 +2236,12 @@ packages:
     transitivePeerDependencies:
       - bufferutil
       - utf-8-validate
-    dev: false
 
   /@ethersproject/random/5.6.0:
     resolution: {integrity: sha512-si0PLcLjq+NG/XHSZz90asNf+YfKEqJGVdxoEkSukzbnBgC8rydbgbUgBbBGLeHN4kAJwUFEKsu3sCXT93YMsw==}
     dependencies:
       '@ethersproject/bytes': 5.6.1
       '@ethersproject/logger': 5.6.0
-    dev: false
 
   /@ethersproject/rlp/5.6.0:
     resolution: {integrity: sha512-dz9WR1xpcTL+9DtOT/aDO+YyxSSdO8YIS0jyZwHHSlAmnxA6cKU3TrTd4Xc/bHayctxTgGLYNuVVoiXE4tTq1g==}
@@ -2263,7 +2255,6 @@ packages:
       '@ethersproject/bytes': 5.6.1
       '@ethersproject/logger': 5.6.0
       hash.js: 1.1.7
-    dev: false
 
   /@ethersproject/signing-key/5.6.0:
     resolution: {integrity: sha512-S+njkhowmLeUu/r7ir8n78OUKx63kBdMCPssePS89So1TH4hZqnWFsThEd/GiXYp9qMxVrydf7KdM9MTGPFukA==}
@@ -2284,7 +2275,6 @@ packages:
       '@ethersproject/logger': 5.6.0
       '@ethersproject/sha2': 5.6.0
       '@ethersproject/strings': 5.6.0
-    dev: false
 
   /@ethersproject/strings/5.6.0:
     resolution: {integrity: sha512-uv10vTtLTZqrJuqBZR862ZQjTIa724wGPWQqZrofaPI/kUsf53TBG0I0D+hQ1qyNtllbNzaW+PDPHHUI6/65Mg==}
@@ -2312,7 +2302,6 @@ packages:
       '@ethersproject/bignumber': 5.6.0
       '@ethersproject/constants': 5.6.0
       '@ethersproject/logger': 5.6.0
-    dev: false
 
   /@ethersproject/wallet/5.6.0:
     resolution: {integrity: sha512-qMlSdOSTyp0MBeE+r7SUhr1jjDlC1zAXB8VD84hCnpijPQiSNbxr6GdiLXxpUs8UKzkDiNYYC5DRI3MZr+n+tg==}
@@ -2332,7 +2321,6 @@ packages:
       '@ethersproject/signing-key': 5.6.0
       '@ethersproject/transactions': 5.6.0
       '@ethersproject/wordlists': 5.6.0
-    dev: false
 
   /@ethersproject/web/5.6.0:
     resolution: {integrity: sha512-G/XHj0hV1FxI2teHRfCGvfBUHFmU+YOSbCxlAMqJklxSa7QMiHFQfAxvwY2PFqgvdkxEKwRNr/eCjfAPEm2Ctg==}
@@ -2351,7 +2339,6 @@ packages:
       '@ethersproject/logger': 5.6.0
       '@ethersproject/properties': 5.6.0
       '@ethersproject/strings': 5.6.0
-    dev: false
 
   /@fal-works/esbuild-plugin-global-externals/2.1.2:
     resolution: {integrity: sha512-cEee/Z+I12mZcFJshKcCqC8tuX5hG3s+d+9nZ3LabqKF1vKdF41B92pJVCBggjAGORAeOzyyDDKrZwIkLffeOQ==}
@@ -4073,7 +4060,6 @@ packages:
 
   /aes-js/3.0.0:
     resolution: {integrity: sha1-4h3xCtbCBTKVvLuNq0Cwnb6ofk0=}
-    dev: false
 
   /aes-js/3.1.2:
     resolution: {integrity: sha512-e5pEa2kBnBOgR4Y/p20pskXI74UEz7de8ZGVo58asOtvSVG5YAbJeELPZxOmt+Bnz3rX753YKhfIn4X4l1PPRQ==}
@@ -4336,7 +4322,6 @@ packages:
 
   /bech32/1.1.4:
     resolution: {integrity: sha512-s0IrSOzLlbvX7yp4WBfPITzpAU8sqQcpsmwXDiKwrG4r491vwCO/XpejasRNl0piBMe/DvP4Tz0mIS/X1DPJBQ==}
-    dev: false
 
   /better-path-resolve/1.0.0:
     resolution: {integrity: sha512-pbnl5XzGBdrFU/wT4jqmJVPn2B6UHPBOhzMQkY/SPUPB6QtUXtmBHBIwCbXJol93mOpGMnQyP/+BB19q04xj7g==}
@@ -5932,7 +5917,6 @@ packages:
     transitivePeerDependencies:
       - bufferutil
       - utf-8-validate
-    dev: false
 
   /ethjs-util/0.1.6:
     resolution: {integrity: sha512-CUnVOQq7gSpDHZVVrQW8ExxUETWrnrvXYvYz55wOU8Uj4VCgw56XC2B/fVqQN+f7gmrnRHSLVnFAwsCuNwji8w==}
@@ -10007,7 +9991,6 @@ packages:
         optional: true
       utf-8-validate:
         optional: true
-    dev: false
 
   /ws/7.5.3:
     resolution: {integrity: sha512-kQ/dHIzuLrS6Je9+uv81ueZomEwH0qVYstcAQ4/Z93K8zeko9gtAbttJWzoC5ukqXY1PpoouV3+VSOqEAFt5wg==}