diff --git a/setup.py b/setup.py
index 625a661f2..1437cd252 100644
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@
     "enforce-typing==1.0.0.post1",
     "eciespy==0.4.1",
     "cryptography==41.0.7",
-    "web3==6.14.0",
+    "web3==6.18.0",
     # web3.py requires eth-abi, requests, and more,
     # so those will be installed too.
     # See https://github.com/ethereum/web3.py/blob/master/setup.py