diff --git a/web3.js/package-lock.json b/web3.js/package-lock.json
index 39778b9966219a..982a2183aceeca 100644
--- a/web3.js/package-lock.json
+++ b/web3.js/package-lock.json
@@ -19,7 +19,7 @@
         "cross-fetch": "^3.1.5",
         "jayson": "^3.4.4",
         "js-sha3": "^0.8.0",
-        "rpc-websockets": "^7.4.2",
+        "rpc-websockets": "^7.8.0",
         "secp256k1": "^4.0.2",
         "superstruct": "^0.14.2",
         "tweetnacl": "^1.0.0"
@@ -1765,11 +1765,11 @@
       }
     },
     "node_modules/@babel/runtime": {
-      "version": "7.16.3",
-      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.16.3.tgz",
-      "integrity": "sha512-WBwekcqacdY2e9AF/Q7WLFUWmdJGJTkbjqTjoMDgXkVZ3ZRUvOPsLb5KdwISoQVsbP+DQzVZW4Zhci0DvpbNTQ==",
+      "version": "7.23.6",
+      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.23.6.tgz",
+      "integrity": "sha512-zHd0eUrf5GZoOWVCXp6koAKQTfZV07eit6bGPmJgnZdnSAvvZee6zniW2XMF7Cmc4ISOOnPy3QaSiIJGJkVEDQ==",
       "dependencies": {
-        "regenerator-runtime": "^0.13.4"
+        "regenerator-runtime": "^0.14.0"
       },
       "engines": {
         "node": ">=6.9.0"
@@ -5379,11 +5379,6 @@
       "integrity": "sha512-jJ0bqzaylmJtVnNgzTeSOs8DPavpbYgEr/b0YL8/2GO3xJEhInFmhKMUnEJQjZumK7KXGFhUy89PrsJWlakBVg==",
       "dev": true
     },
-    "node_modules/circular-json": {
-      "version": "0.5.9",
-      "resolved": "https://registry.npmjs.org/circular-json/-/circular-json-0.5.9.tgz",
-      "integrity": "sha512-4ivwqHpIFJZBuhN3g/pEcdbnGUywkBblloGbkglyloVjjR3uT6tieI89MVOfbP2tHX5sgb01FuLgAOzebNlJNQ=="
-    },
     "node_modules/clean-stack": {
       "version": "2.2.0",
       "resolved": "https://registry.npmjs.org/clean-stack/-/clean-stack-2.2.0.tgz",
@@ -15281,9 +15276,9 @@
       }
     },
     "node_modules/regenerator-runtime": {
-      "version": "0.13.7",
-      "resolved": "https://registry.npmjs.org/regenerator-runtime/-/regenerator-runtime-0.13.7.tgz",
-      "integrity": "sha512-a54FxoJDIr27pgf7IgeQGxmqUNYrcV338lf/6gH456HZ/PhX+5BcwHXG9ajESmwe6WRO0tAzRUrRmNONWgkrew=="
+      "version": "0.14.1",
+      "resolved": "https://registry.npmjs.org/regenerator-runtime/-/regenerator-runtime-0.14.1.tgz",
+      "integrity": "sha512-dYnhHh0nJoMfnkZs6GmmhFknAGRrLznOu5nc9ML+EJxGvrx6H7teuevqVqCuPcPK//3eDrrjQhehXVx9cnkGdw=="
     },
     "node_modules/regenerator-transform": {
       "version": "0.14.5",
@@ -15561,15 +15556,14 @@
       "dev": true
     },
     "node_modules/rpc-websockets": {
-      "version": "7.4.16",
-      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.16.tgz",
-      "integrity": "sha512-0b7OVhutzwRIaYAtJo5tqtaQTWKfwAsKnaThOSOy+VkhVdleNUgb8eZnWSdWITRZZEigV5uPEIDr5KZe4DBrdQ==",
+      "version": "7.8.0",
+      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.8.0.tgz",
+      "integrity": "sha512-AStkq6KDvSAmA4WiwlK1pDvj/33BWmExTATUokC0v+NhWekXSTNzXS5OGXeYwq501/pj6lBZMofg/h4dx4/tCg==",
       "dependencies": {
-        "@babel/runtime": "^7.11.2",
-        "circular-json": "^0.5.9",
+        "@babel/runtime": "^7.17.2",
         "eventemitter3": "^4.0.7",
-        "uuid": "^8.3.0",
-        "ws": "^7.4.5"
+        "uuid": "^8.3.2",
+        "ws": "^8.5.0"
       },
       "funding": {
         "type": "paypal",
@@ -15588,6 +15582,26 @@
         "uuid": "dist/bin/uuid"
       }
     },
+    "node_modules/rpc-websockets/node_modules/ws": {
+      "version": "8.16.0",
+      "resolved": "https://registry.npmjs.org/ws/-/ws-8.16.0.tgz",
+      "integrity": "sha512-HS0c//TP7Ina87TfiPUz1rQzMhHrl/SG2guqRcTOIUYD2q8uhUdNHZYJUaQ8aTGPzCh+c6oawMKW35nFl1dxyQ==",
+      "engines": {
+        "node": ">=10.0.0"
+      },
+      "peerDependencies": {
+        "bufferutil": "^4.0.1",
+        "utf-8-validate": ">=5.0.2"
+      },
+      "peerDependenciesMeta": {
+        "bufferutil": {
+          "optional": true
+        },
+        "utf-8-validate": {
+          "optional": true
+        }
+      }
+    },
     "node_modules/run-parallel": {
       "version": "1.1.9",
       "resolved": "https://registry.npmjs.org/run-parallel/-/run-parallel-1.1.9.tgz",
@@ -19145,11 +19159,11 @@
       }
     },
     "@babel/runtime": {
-      "version": "7.16.3",
-      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.16.3.tgz",
-      "integrity": "sha512-WBwekcqacdY2e9AF/Q7WLFUWmdJGJTkbjqTjoMDgXkVZ3ZRUvOPsLb5KdwISoQVsbP+DQzVZW4Zhci0DvpbNTQ==",
+      "version": "7.23.6",
+      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.23.6.tgz",
+      "integrity": "sha512-zHd0eUrf5GZoOWVCXp6koAKQTfZV07eit6bGPmJgnZdnSAvvZee6zniW2XMF7Cmc4ISOOnPy3QaSiIJGJkVEDQ==",
       "requires": {
-        "regenerator-runtime": "^0.13.4"
+        "regenerator-runtime": "^0.14.0"
       }
     },
     "@babel/template": {
@@ -21962,11 +21976,6 @@
       "integrity": "sha512-jJ0bqzaylmJtVnNgzTeSOs8DPavpbYgEr/b0YL8/2GO3xJEhInFmhKMUnEJQjZumK7KXGFhUy89PrsJWlakBVg==",
       "dev": true
     },
-    "circular-json": {
-      "version": "0.5.9",
-      "resolved": "https://registry.npmjs.org/circular-json/-/circular-json-0.5.9.tgz",
-      "integrity": "sha512-4ivwqHpIFJZBuhN3g/pEcdbnGUywkBblloGbkglyloVjjR3uT6tieI89MVOfbP2tHX5sgb01FuLgAOzebNlJNQ=="
-    },
     "clean-stack": {
       "version": "2.2.0",
       "resolved": "https://registry.npmjs.org/clean-stack/-/clean-stack-2.2.0.tgz",
@@ -29551,9 +29560,9 @@
       }
     },
     "regenerator-runtime": {
-      "version": "0.13.7",
-      "resolved": "https://registry.npmjs.org/regenerator-runtime/-/regenerator-runtime-0.13.7.tgz",
-      "integrity": "sha512-a54FxoJDIr27pgf7IgeQGxmqUNYrcV338lf/6gH456HZ/PhX+5BcwHXG9ajESmwe6WRO0tAzRUrRmNONWgkrew=="
+      "version": "0.14.1",
+      "resolved": "https://registry.npmjs.org/regenerator-runtime/-/regenerator-runtime-0.14.1.tgz",
+      "integrity": "sha512-dYnhHh0nJoMfnkZs6GmmhFknAGRrLznOu5nc9ML+EJxGvrx6H7teuevqVqCuPcPK//3eDrrjQhehXVx9cnkGdw=="
     },
     "regenerator-transform": {
       "version": "0.14.5",
@@ -29778,23 +29787,28 @@
       }
     },
     "rpc-websockets": {
-      "version": "7.4.16",
-      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.16.tgz",
-      "integrity": "sha512-0b7OVhutzwRIaYAtJo5tqtaQTWKfwAsKnaThOSOy+VkhVdleNUgb8eZnWSdWITRZZEigV5uPEIDr5KZe4DBrdQ==",
+      "version": "7.8.0",
+      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.8.0.tgz",
+      "integrity": "sha512-AStkq6KDvSAmA4WiwlK1pDvj/33BWmExTATUokC0v+NhWekXSTNzXS5OGXeYwq501/pj6lBZMofg/h4dx4/tCg==",
       "requires": {
-        "@babel/runtime": "^7.11.2",
+        "@babel/runtime": "^7.17.2",
         "bufferutil": "^4.0.1",
-        "circular-json": "^0.5.9",
         "eventemitter3": "^4.0.7",
         "utf-8-validate": "^5.0.2",
-        "uuid": "^8.3.0",
-        "ws": "^7.4.5"
+        "uuid": "^8.3.2",
+        "ws": "^8.5.0"
       },
       "dependencies": {
         "uuid": {
           "version": "8.3.2",
           "resolved": "https://registry.npmjs.org/uuid/-/uuid-8.3.2.tgz",
           "integrity": "sha512-+NYs2QeMWy+GWFOEm9xnn6HCDp0l7QBD7ml8zLUmJ+93Q5NF0NocErnwkTkXVFNiX3/fpC6afS8Dhb/gz7R7eg=="
+        },
+        "ws": {
+          "version": "8.16.0",
+          "resolved": "https://registry.npmjs.org/ws/-/ws-8.16.0.tgz",
+          "integrity": "sha512-HS0c//TP7Ina87TfiPUz1rQzMhHrl/SG2guqRcTOIUYD2q8uhUdNHZYJUaQ8aTGPzCh+c6oawMKW35nFl1dxyQ==",
+          "requires": {}
         }
       }
     },
diff --git a/web3.js/package.json b/web3.js/package.json
index ad9c321d3dff3d..65c59a341b84ae 100644
--- a/web3.js/package.json
+++ b/web3.js/package.json
@@ -68,7 +68,7 @@
     "cross-fetch": "^3.1.5",
     "jayson": "^3.4.4",
     "js-sha3": "^0.8.0",
-    "rpc-websockets": "^7.4.2",
+    "rpc-websockets": "^7.8.0",
     "secp256k1": "^4.0.2",
     "superstruct": "^0.14.2",
     "tweetnacl": "^1.0.0"