diff --git a/package.json b/package.json
index 2a5b4858e..b11136cab 100644
--- a/package.json
+++ b/package.json
@@ -22,7 +22,7 @@
     "@types/react": "^17.0.21",
     "@typescript-eslint/eslint-plugin": "^5.7.0",
     "@typescript-eslint/parser": "^5.7.0",
-    "@walletconnect/ethereum-provider": "^1.7.0",
+    "@walletconnect/ethereum-provider": "^1.7.1",
     "eslint": "^8.4.1",
     "eslint-plugin-react-hooks": "^4.3.0",
     "eth-provider": "^0.9.4",
diff --git a/packages/walletconnect/package.json b/packages/walletconnect/package.json
index be9bd6d9b..8f8660086 100644
--- a/packages/walletconnect/package.json
+++ b/packages/walletconnect/package.json
@@ -32,7 +32,7 @@
     "@web3-react/types": "^8.0.0-beta.0"
   },
   "peerDependencies": {
-    "@walletconnect/ethereum-provider": "^1.7.0"
+    "@walletconnect/ethereum-provider": "^1.7.1"
   },
   "devDependencies": {
     "@web3-react/store": "^8.0.0-beta.0"
diff --git a/yarn.lock b/yarn.lock
index 5d37b505a..1309ac096 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1916,7 +1916,7 @@
   resolved "https://registry.yarnpkg.com/@walletconnect/environment/-/environment-1.0.0.tgz#c4545869fa9c389ec88c364e1a5f8178e8ab5034"
   integrity sha512-4BwqyWy6KpSvkocSaV7WR3BlZfrxLbJSLkg+j7Gl6pTDE+U55lLhJvQaMuDVazXYxcjBsG09k7UlH7cGiUI5vQ==
 
-"@walletconnect/ethereum-provider@^1.7.0":
+"@walletconnect/ethereum-provider@^1.7.1":
   version "1.7.1"
   resolved "https://registry.yarnpkg.com/@walletconnect/ethereum-provider/-/ethereum-provider-1.7.1.tgz#706bbb18659bd6475750fed7e5a93438c97a9fa9"
   integrity sha512-r01XPO8NHs0n/rjU77VXXgCtxC/hL8F34bu+UHGXmkMUHZGCSY2uKN4VCe2uptkCVYUQ9gCEDyCOUyQSQzULjw==