diff --git a/packages/contractkit/package.json b/packages/contractkit/package.json
index 0d7bf443997..df86f6570bc 100644
--- a/packages/contractkit/package.json
+++ b/packages/contractkit/package.json
@@ -22,18 +22,18 @@
     "build-sdk": "./bin/build-sdk.js"
   },
   "dependencies": {
-    "@celo/utils": "0.0.1",
+    "@celo/utils": "7.0.0",
     "@types/jest": "^24.0.13",
-    "babel-jest": "^24.8.0",
-    "@0x/subproviders": "^4.1.0",
+    "babel-jest": "^27.0.0",
+    "@0x/subproviders": "^7.0.0",
     "@google-cloud/storage": "^2.3.3",
     "bignumber.js": "^7.2.0",
     "chalk": "^2.4.2",
     "cross-fetch": "^3.0.2",
-    "jest": "^24.8.0",
+    "jest": "^28.0.0",
     "ts-jest": "^24.0.0",
-    "web3": "1.0.0-beta.37",
-    "web3-utils": "1.0.0-beta.37",
+    "web3": "4.9.0",
+    "web3-utils": "1.6.0",
     "eth-lib": "^0.2.8",
     "lodash": "^4.17.14",
     "prettier": "1.13.5",
@@ -55,8 +55,8 @@
     "prettier": "1.13.5",
     "typechain": "git+https://github.com/celo-org/TypeChain.git#ce6a33b",
     "typescript": "^3.3.3",
-    "babel-jest": "^24.8.0",
-    "jest": "^24.8.0",
+    "babel-jest": "^27.0.0",
+    "jest": "^28.0.0",
     "ts-jest": "^24.0.0"
   },
   "files": [