diff --git a/bal_tools/requirements.txt b/bal_tools/requirements.txt
index 3585cc8..2303b56 100644
--- a/bal_tools/requirements.txt
+++ b/bal_tools/requirements.txt
@@ -1,5 +1,5 @@
 wheel
-web3>=7.15.0
+web3>=7.16.0
 pathlib>=1.0.1
 numpy==1.26.4
 pandas