diff --git a/packages/contract/package.json b/packages/contract/package.json
index 8ba6cd96510..f992a1781ac 100644
--- a/packages/contract/package.json
+++ b/packages/contract/package.json
@@ -19,18 +19,18 @@
   "dependencies": {
     "@truffle/blockchain-utils": "^0.0.25",
     "@truffle/contract-schema": "^3.3.2",
-    "@truffle/debug-utils": "^5.0.4",
+    "@truffle/debug-utils": "^6.0.57",
     "@truffle/error": "^0.0.11",
-    "@truffle/interface-adapter": "^0.4.18",
+    "@truffle/interface-adapter": "^0.5.37",
     "bignumber.js": "^7.2.1",
     "ethereum-ens": "^0.8.0",
-    "ethers": "^4.0.0-beta.1",
+    "ethers": "^5.0.0",
     "source-map-support": "^0.5.19",
-    "web3": "1.2.9",
-    "web3-core-helpers": "1.2.9",
+    "web3": "4.2.0",
+    "web3-core-helpers": "1.6.0",
     "web3-core-promievent": "1.2.9",
-    "web3-eth-abi": "1.2.9",
-    "web3-utils": "1.2.9"
+    "web3-eth-abi": "4.1.3",
+    "web3-utils": "1.6.0"
   },
   "devDependencies": {
     "browserify": "^14.0.0",