diff --git a/package.json b/package.json
index c362211b..d3256ac2 100644
--- a/package.json
+++ b/package.json
@@ -56,7 +56,7 @@
     "@polkadot/wasm-crypto": "^7.2.2",
     "@polkadot/x-randomvalues": "^12.5.1",
     "@types/cors": "^2.8.13",
-    "axios": "^0.26.1",
+    "axios": "^1.6.0",
     "bigfloat.js": "^3.0.1",
     "body-parser": "^1.20.0",
     "bs58": "^5.0.0",
diff --git a/yarn.lock b/yarn.lock
index 5ee78f17..2f98985c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2099,12 +2099,14 @@ aws4@^1.8.0:
   resolved "https://registry.yarnpkg.com/aws4/-/aws4-1.11.0.tgz#d61f46d83b2519250e2784daf5b09479a8b41c59"
   integrity sha512-xh1Rl34h6Fi1DC2WWKfxUTVqRsNnr6LsKz2+hfwDxQJWmrx8+c7ylaqBMcHfl1U1r2dsifOvKX3LQuLNZ+XSvA==
 
-axios@^0.26.1:
-  version "0.26.1"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-0.26.1.tgz#1ede41c51fcf51bbbd6fd43669caaa4f0495aaa9"
-  integrity sha512-fPwcX4EvnSHuInCMItEhAGnaSEXRBjtzh9fOtsE6E1G6p7vl7edEeZe11QHf18+6+9gR5PbKV/sGKNaD8YaMeA==
+axios@^1.6.0:
+  version "1.6.0"
+  resolved "https://registry.yarnpkg.com/axios/-/axios-1.6.0.tgz#f1e5292f26b2fd5c2e66876adc5b06cdbd7d2102"
+  integrity sha512-EZ1DYihju9pwVB+jg67ogm+Tmqc6JmhamRN6I4Zt8DfZu5lbcQGw3ozH9lFejSJgs/ibaef3A9PMXPLeefFGJg==
   dependencies:
-    follow-redirects "^1.14.8"
+    follow-redirects "^1.15.0"
+    form-data "^4.0.0"
+    proxy-from-env "^1.1.0"
 
 babel-jest@^29.4.2:
   version "29.4.2"
@@ -3591,10 +3593,10 @@ flatted@^3.1.0:
   resolved "https://registry.yarnpkg.com/flatted/-/flatted-3.2.5.tgz#76c8584f4fc843db64702a6bd04ab7a8bd666da3"
   integrity sha512-WIWGi2L3DyTUvUrwRKgGi9TwxQMUEqPOPQBVi71R96jZXJdFskXEmf54BoZaS1kknGODoIGASGEzBUYdyMCBJg==
 
-follow-redirects@^1.14.8:
-  version "1.14.9"
-  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.14.9.tgz#dd4ea157de7bfaf9ea9b3fbd85aa16951f78d8d7"
-  integrity sha512-MQDfihBQYMcyy5dhRDJUHcw7lb2Pv/TuE6xP1vyraLukNDHKbDxDNaOE3NbCAdKQApno+GPRyo1YAp89yCjK4w==
+follow-redirects@^1.15.0:
+  version "1.15.3"
+  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.15.3.tgz#fe2f3ef2690afce7e82ed0b44db08165b207123a"
+  integrity sha512-1VzOtuEM8pC9SFU1E+8KfTjZyMztRsgEfwQl44z8A25uy13jSzTj6dyK2Df52iV0vgHCfBwLhDWevLn95w5v6Q==
 
 for-each@^0.3.3:
   version "0.3.3"
@@ -5771,6 +5773,11 @@ proxy-addr@~2.0.7:
     forwarded "0.2.0"
     ipaddr.js "1.9.1"
 
+proxy-from-env@^1.1.0:
+  version "1.1.0"
+  resolved "https://registry.yarnpkg.com/proxy-from-env/-/proxy-from-env-1.1.0.tgz#e102f16ca355424865755d2c9e8ea4f24d58c3e2"
+  integrity sha512-D+zkORCbA9f1tdWRK0RaCR3GPv50cMxcrz4X8k5LTSUD1Dkw47mKJEZQNunItRTkWwgtaUSo1RVFRIG9ZXiFYg==
+
 psl@^1.1.28:
   version "1.8.0"
   resolved "https://registry.yarnpkg.com/psl/-/psl-1.8.0.tgz#9326f8bcfb013adcc005fdff056acce020e51c24"