diff --git a/package.json b/package.json
index af122a6126b..00a3010594d 100644
--- a/package.json
+++ b/package.json
@@ -88,7 +88,7 @@
     "@walletconnect/client": "1.3.1",
     "@walletconnect/utils": "1.3.1",
     "asyncstorage-down": "4.2.0",
-    "axios": "^0.19.2",
+    "axios": "^0.21.1",
     "babel-plugin-transform-inline-environment-variables": "0.4.3",
     "babel-plugin-transform-remove-console": "6.9.4",
     "base-64": "0.1.0",
diff --git a/yarn.lock b/yarn.lock
index 874f6b9dbb0..380a966c88e 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2497,12 +2497,12 @@ aws4@^1.8.0:
   resolved "https://registry.yarnpkg.com/aws4/-/aws4-1.10.0.tgz#a17b3a8ea811060e74d47d306122400ad4497ae2"
   integrity sha512-3YDiu347mtVtjpyV3u5kVqQLP242c06zwDOgpeRnybmXlYYsLbtTrUBUm8i8srONt+FWobl5aibnU1030PeeuA==
 
-axios@^0.19.2:
-  version "0.19.2"
-  resolved "https://registry.yarnpkg.com/axios/-/axios-0.19.2.tgz#3ea36c5d8818d0d5f8a8a97a6d36b86cdc00cb27"
-  integrity sha512-fjgm5MvRHLhx+osE2xoekY70AhARk3a6hkN+3Io1jc00jtquGvxYlKlsFUhmUET0V5te6CcZI7lcv2Ym61mjHA==
+axios@^0.21.1:
+  version "0.21.1"
+  resolved "https://registry.yarnpkg.com/axios/-/axios-0.21.1.tgz#22563481962f4d6bde9a76d516ef0e5d3c09b2b8"
+  integrity sha512-dKQiRHxGD9PPRIUNIWvZhPTPpl1rf/OxTYKsqKUDjBwYylTvV7SjSHJb9ratfyzM6wCdLCOYLzs73qpg5c4iGA==
   dependencies:
-    follow-redirects "1.5.10"
+    follow-redirects "^1.10.0"
 
 babel-core@7.0.0-bridge.0:
   version "7.0.0-bridge.0"
@@ -3811,7 +3811,7 @@ debug@2, debug@2.6.9, debug@^2.2.0, debug@^2.3.3, debug@^2.6.9:
   dependencies:
     ms "2.0.0"
 
-debug@3.1.0, debug@=3.1.0:
+debug@3.1.0:
   version "3.1.0"
   resolved "https://registry.yarnpkg.com/debug/-/debug-3.1.0.tgz#5bb5a0672628b64149566ba16819e61518c67261"
   integrity sha512-OX8XqP7/1a9cqkxYw2yXss15f26NKWBpDXQd0/uK/KPqdQhxbPa994hnzjcE2VqQpDslf55723cKPUOGSmMY3g==
@@ -5988,12 +5988,10 @@ fn-name@~2.0.1:
   resolved "https://registry.yarnpkg.com/fn-name/-/fn-name-2.0.1.tgz#5214d7537a4d06a4a301c0cc262feb84188002e7"
   integrity sha1-UhTXU3pNBqSjAcDMJi/rhBiAAuc=
 
-follow-redirects@1.5.10:
-  version "1.5.10"
-  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.5.10.tgz#7b7a9f9aea2fdff36786a94ff643ed07f4ff5e2a"
-  integrity sha512-0V5l4Cizzvqt5D44aTXbFZz+FtyXV1vrDN6qrelxtfYQKW0KO0W2T/hkE8xvGa/540LkZlkaUjO4ailYTFtHVQ==
-  dependencies:
-    debug "=3.1.0"
+follow-redirects@^1.10.0:
+  version "1.13.1"
+  resolved "https://registry.yarnpkg.com/follow-redirects/-/follow-redirects-1.13.1.tgz#5f69b813376cee4fd0474a3aba835df04ab763b7"
+  integrity sha512-SSG5xmZh1mkPGyKzjZP8zLjltIfpW32Y5QpdNJyjcfGxK3qo3NDDkZOZSFiGn1A6SclQxY9GzEwAHQ3dmYRWpg==
 
 for-in@^1.0.2:
   version "1.0.2"