diff --git a/web3.js/package-lock.json b/web3.js/package-lock.json
index 1ac567a667b7df..c067cf58a3a89e 100644
--- a/web3.js/package-lock.json
+++ b/web3.js/package-lock.json
@@ -4754,12 +4754,6 @@
         "fsevents": "~2.3.1"
       }
     },
-    "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==",
-      "deprecated": "CircularJSON is in maintenance only, flatted is its successor."
-    },
     "node_modules/clean-stack": {
       "version": "2.2.0",
       "resolved": "https://registry.npmjs.org/clean-stack/-/clean-stack-2.2.0.tgz",
@@ -16032,15 +16026,14 @@
       "dev": true
     },
     "node_modules/rpc-websockets": {
-      "version": "7.4.17",
-      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.17.tgz",
-      "integrity": "sha512-eolVi/qlXS13viIUH9aqrde902wzSLAai0IjmOZSRefp5I3CSG/vCnD0c0fDSYCWuEyUoRL1BHQA8K1baEUyow==",
+      "version": "7.4.18",
+      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.18.tgz",
+      "integrity": "sha512-bVu+4qM5CkGVlTqJa6FaAxLbb5uRnyH4te7yjFvoCzbnif7PT4BcvXtNTprHlNvsH+/StB81zUQicxMrUrIomA==",
       "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",
@@ -16051,6 +16044,26 @@
         "utf-8-validate": "^5.0.2"
       }
     },
+    "node_modules/rpc-websockets/node_modules/ws": {
+      "version": "8.5.0",
+      "resolved": "https://registry.npmjs.org/ws/-/ws-8.5.0.tgz",
+      "integrity": "sha512-BWX0SWVgLPzYwF8lTzEy1egjhS4S4OEAHfsO8o65WOVsrnSRGaSiUaa9e0ggGlkMTtBlmOpEXiie9RUcBO86qg==",
+      "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": "1.2.0",
       "resolved": "https://registry.npmjs.org/run-parallel/-/run-parallel-1.2.0.tgz",
@@ -21732,11 +21745,6 @@
         "readdirp": "~3.5.0"
       }
     },
-    "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",
@@ -30336,17 +30344,24 @@
       }
     },
     "rpc-websockets": {
-      "version": "7.4.17",
-      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.17.tgz",
-      "integrity": "sha512-eolVi/qlXS13viIUH9aqrde902wzSLAai0IjmOZSRefp5I3CSG/vCnD0c0fDSYCWuEyUoRL1BHQA8K1baEUyow==",
+      "version": "7.4.18",
+      "resolved": "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.18.tgz",
+      "integrity": "sha512-bVu+4qM5CkGVlTqJa6FaAxLbb5uRnyH4te7yjFvoCzbnif7PT4BcvXtNTprHlNvsH+/StB81zUQicxMrUrIomA==",
       "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": {
+        "ws": {
+          "version": "8.5.0",
+          "resolved": "https://registry.npmjs.org/ws/-/ws-8.5.0.tgz",
+          "integrity": "sha512-BWX0SWVgLPzYwF8lTzEy1egjhS4S4OEAHfsO8o65WOVsrnSRGaSiUaa9e0ggGlkMTtBlmOpEXiie9RUcBO86qg==",
+          "requires": {}
+        }
       }
     },
     "run-parallel": {
diff --git a/web3.js/yarn.lock b/web3.js/yarn.lock
index d2758d8871afe8..3f248038713259 100644
--- a/web3.js/yarn.lock
+++ b/web3.js/yarn.lock
@@ -806,9 +806,9 @@
     pirates "^4.0.5"
     source-map-support "^0.5.16"
 
-"@babel/runtime@^7.10.5", "@babel/runtime@^7.11.2", "@babel/runtime@^7.12.5", "@babel/runtime@^7.8.4":
-  version "7.17.8"
-  resolved "https://registry.npmjs.org/@babel/runtime/-/runtime-7.17.8.tgz"
+"@babel/runtime@^7.10.5", "@babel/runtime@^7.12.5", "@babel/runtime@^7.17.2", "@babel/runtime@^7.8.4":
+  version "7.17.9"
+  resolved "https://registry.yarnpkg.com/@babel/runtime/-/runtime-7.17.9.tgz#d19fbf802d01a8cb6cf053a64e472d42c434ba72"
   dependencies:
     regenerator-runtime "^0.13.4"
 
@@ -2673,10 +2673,6 @@ cidr-regex@^3.1.1:
   dependencies:
     ip-regex "^4.1.0"
 
-circular-json@^0.5.9:
-  version "0.5.9"
-  resolved "https://registry.npmjs.org/circular-json/-/circular-json-0.5.9.tgz"
-
 clean-stack@^2.0.0:
   version "2.2.0"
   resolved "https://registry.npmjs.org/clean-stack/-/clean-stack-2.2.0.tgz"
@@ -6783,14 +6779,13 @@ rollup@2.60.2:
     fsevents "~2.3.2"
 
 rpc-websockets@^7.4.2:
-  version "7.4.17"
-  resolved "https://registry.npmjs.org/rpc-websockets/-/rpc-websockets-7.4.17.tgz"
+  version "7.4.18"
+  resolved "https://registry.yarnpkg.com/rpc-websockets/-/rpc-websockets-7.4.18.tgz#274c825c0efadbf6fe75f10289229ae537fe9ffb"
   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"
   optionalDependencies:
     bufferutil "^4.0.1"
     utf-8-validate "^5.0.2"
@@ -7763,7 +7758,7 @@ uuid@^3.3.2, uuid@^3.3.3:
   version "3.4.0"
   resolved "https://registry.npmjs.org/uuid/-/uuid-3.4.0.tgz"
 
-uuid@^8.0.0, uuid@^8.3.0, uuid@^8.3.2:
+uuid@^8.0.0, uuid@^8.3.2:
   version "8.3.2"
   resolved "https://registry.npmjs.org/uuid/-/uuid-8.3.2.tgz"
 
@@ -7948,7 +7943,11 @@ write-file-atomic@^4.0.0:
     imurmurhash "^0.1.4"
     signal-exit "^3.0.7"
 
-ws@*, ws@^7.3.1, ws@^7.4.5, ws@^7.4.6:
+ws@*, ws@^8.5.0:
+  version "8.5.0"
+  resolved "https://registry.yarnpkg.com/ws/-/ws-8.5.0.tgz#bfb4be96600757fe5382de12c670dab984a1ed4f"
+
+ws@^7.3.1, ws@^7.4.5, ws@^7.4.6:
   version "7.5.7"
   resolved "https://registry.npmjs.org/ws/-/ws-7.5.7.tgz"