diff --git a/requirements.txt b/requirements.txt
index 31d4c31..b702b74 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -9,4 +9,4 @@ psycopg2-binary==2.9.1
 py-eth-sig-utils==0.4.0
 requests==2.26.0
 typing-extensions==3.10.0.0
-web3==5.19.0  #
+web3==5.30.0  #
diff --git a/setup.py b/setup.py
index 6ba3eb8..6d31e2a 100644
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@
     "py-eth-sig-utils>=0.3.0",
     "typing-extensions==3.10.0.0; python_version < '3.8'",
     "requests>=2",
-    "web3>=5.18,<=5.19",
+    "web3>=5.18,<5.31",
 ]
 
 extras_require = {