diff --git a/web3.js/package-lock.json b/web3.js/package-lock.json
index f1babb0c19..1d6a46b609 100644
--- a/web3.js/package-lock.json
+++ b/web3.js/package-lock.json
@@ -9072,9 +9072,9 @@
       "dev": true
     },
     "elfy": {
-      "version": "0.1.0",
-      "resolved": "https://registry.npmjs.org/elfy/-/elfy-0.1.0.tgz",
-      "integrity": "sha1-HwMQDxoIKSHVuKiVpmzSnFBC06Y=",
+      "version": "1.0.0",
+      "resolved": "https://registry.npmjs.org/elfy/-/elfy-1.0.0.tgz",
+      "integrity": "sha512-4Kp3AA94jC085IJox+qnvrZ3PudqTi4gQNvIoTZfJJ9IqkRuCoqP60vCVYlIg00c5aYusi5Wjh2bf0cHYt+6gQ==",
       "dev": true,
       "requires": {
         "endian-reader": "^0.3.0"
diff --git a/web3.js/package.json b/web3.js/package.json
index 805c9b298d..5cdaeb36f7 100644
--- a/web3.js/package.json
+++ b/web3.js/package.json
@@ -98,7 +98,7 @@
     "babel-plugin-module-resolver": "3.2.0",
     "codecov": "^3.0.4",
     "cross-env": "6.0.3",
-    "elfy": "^0.1.0",
+    "elfy": "^1.0.0",
     "enzyme": "3.11.0",
     "esdoc": "^1.1.0",
     "esdoc-ecmascript-proposal-plugin": "^1.0.0",