diff --git a/package.json b/package.json
index 0e4f2bc9c399..5403c24f412b 100644
--- a/package.json
+++ b/package.json
@@ -191,7 +191,7 @@
     "@unrs/resolver-binding-wasm32-wasi": "npm:npm-empty-package@1.0.0",
     "d3-color": "3.1.0",
     "napi-postinstall": "npm:npm-empty-package@1.0.0",
-    "axios": "^1.16.0",
+    "axios": "^1.18.0",
     "lodash": "4.18.1",
     "redux-persist-filesystem-storage/react-native-blob-util": "^0.19.9",
     "@segment/sovran-react-native/react-native-get-random-values": "^2.0.0",
@@ -425,7 +425,7 @@
     "@walletconnect/utils": "^2.23.0",
     "@xmldom/xmldom": "^0.8.13",
     "asyncstorage-down": "4.2.0",
-    "axios": "^1.16.0",
+    "axios": "^1.18.0",
     "bignumber.js": "^9.0.1",
     "bitcoin-address-validation": "2.2.3",
     "bnjs4": "npm:bn.js@^4.12.3",
diff --git a/yarn.lock b/yarn.lock
index df82265c7c74..be227f9048a1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -23151,15 +23151,15 @@ __metadata:
   languageName: node
   linkType: hard
 
-"axios@npm:^1.16.0":
-  version: 1.16.1
-  resolution: "axios@npm:1.16.1"
+"axios@npm:^1.18.0":
+  version: 1.18.1
+  resolution: "axios@npm:1.18.1"
   dependencies:
     follow-redirects: "npm:^1.16.0"
     form-data: "npm:^4.0.5"
     https-proxy-agent: "npm:^5.0.1"
     proxy-from-env: "npm:^2.1.0"
-  checksum: 10/9b6218cf96321cfbbf8f160658d695367114bcf4fb62492bdc1ccd647f184b5c71ae400e5ecaaf41079bc561de2ecbaf1fec63f398b3ec53389beff7694df64c
+  checksum: 10/c4cdced3ee0a9bf7dcae189fbc74a124aa079d4f04dbd995e602d39c1419476e8d021f87ee39ac8d8398e5a55e6d0b986238b3645f0d9177ac80de87c2a73f18
   languageName: node
   linkType: hard
 
@@ -36143,7 +36143,7 @@ __metadata:
     appium-xcuitest-driver: "npm:9.5.0"
     assert: "npm:^1.5.0"
     asyncstorage-down: "npm:4.2.0"
-    axios: "npm:^1.16.0"
+    axios: "npm:^1.18.0"
     babel-jest: "npm:^29.7.0"
     babel-loader: "npm:^9.1.3"
     babel-plugin-inline-import: "npm:^3.0.0"