diff --git a/requirements.txt b/requirements.txt
index 471b56bac..828371de2 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -10,4 +10,4 @@ py-evm==0.5.0a3
 pysha3>=1.0.0
 requests==2.28.1
 typing-extensions==3.10.0.2
-web3==5.30.0
+web3==5.31.0