diff --git a/.changeset/dirty-schools-hang.md b/.changeset/dirty-schools-hang.md
new file mode 100644
index 000000000..b110c2496
--- /dev/null
+++ b/.changeset/dirty-schools-hang.md
@@ -0,0 +1,5 @@
+---
+"@ethereum-waffle/compiler": patch
+---
+
+Update node-fetch dependency.
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 4e0eef153..4e0f8cc46 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -278,13 +278,13 @@ importers:
       '@typechain/ethers-v5': ^10.0.0
       '@types/fs-extra': ^9.0.4
       '@types/mkdirp': ^0.5.2
-      '@types/node-fetch': ^2.6.1
+      '@types/node-fetch': ^2.6.12
       eslint: ^7.14.0
       ethers: 5.6.2
       fs-extra: ^9.0.1
       mkdirp: ^0.5.1
       mocha: ^8.2.1
-      node-fetch: ^2.6.7
+      node-fetch: ^3.3.2
       openzeppelin-solidity: 2.3.0
       rimraf: ^3.0.2
       solc: 0.8.15
@@ -295,9 +295,9 @@ importers:
       '@resolver-engine/imports-fs': 0.3.3
       '@typechain/ethers-v5': 10.0.0_75qa7wxcw3bgzsbibxcrrwvlx4
       '@types/mkdirp': 0.5.2
-      '@types/node-fetch': 2.6.1
+      '@types/node-fetch': 2.6.12
       mkdirp: 0.5.5
-      node-fetch: 2.6.7
+      node-fetch: 3.3.2
     devDependencies:
       '@ethereum-waffle/chai': link:../waffle-chai
       '@ethereum-waffle/provider': link:../waffle-provider
@@ -1605,11 +1605,11 @@ packages:
     resolution: {integrity: sha512-iiUgKzV9AuaEkZqkOLDIvlQiL6ltuZd9tGcW3gwpnX8JbuiuhFlEGmmFXEXkN50Cvq7Os88IY2v0dkDqXYWVgA==}
     dev: true
 
-  /@types/node-fetch/2.6.1:
-    resolution: {integrity: sha512-oMqjURCaxoSIsHSr1E47QHzbmzNR5rK8McHuNb11BOM9cHcIK3Avy0s/b2JlXHoQGTYS3NsvWzV1M0iK7l0wbA==}
+  /@types/node-fetch/2.6.12:
+    resolution: {integrity: sha512-8nneRWKCg3rMtF69nLQJnOYUcbafYeFSjqkw3jCRLsqkWFlHaoQrr5mXmofFGOx3DKn7UfmBMyov8ySvLRVldA==}
     dependencies:
-      '@types/node': 14.14.22
-      form-data: 3.0.1
+      '@types/node': 17.0.41
+      form-data: 4.0.1
     dev: false
 
   /@types/node/11.11.6:
@@ -2571,6 +2571,11 @@ packages:
       assert-plus: 1.0.0
     dev: false
 
+  /data-uri-to-buffer/4.0.1:
+    resolution: {integrity: sha512-0R9ikRb668HB7QDxT1vkpuUBtqc53YyAwMwGeUFKRojY/NWKvdZ+9UYtRfGmhqNbRkTSVpMbmyhXipFFv2cb/A==}
+    engines: {node: '>= 12'}
+    dev: false
+
   /debug/2.6.9:
     resolution: {integrity: sha512-bC7ElrdJaJnPbAP+1EotYvqZsb3ecl5wi6Bfi6BJTUcNowp6cvspg0jXznRTKDjm/E7AdgFBVeAPVMNcKGsHMA==}
     peerDependencies:
@@ -3290,6 +3295,14 @@ packages:
     dependencies:
       reusify: 1.0.4
 
+  /fetch-blob/3.2.0:
+    resolution: {integrity: sha512-7yAQpD2UMJzLi1Dqv7qFYnPbaPx7ZfFK6PiIxQ4PfkGPyNyl2Ugx+a/umUonmKqjhM4DnfbMvdX6otXq83soQQ==}
+    engines: {node: ^12.20 || >= 14.13}
+    dependencies:
+      node-domexception: 1.0.0
+      web-streams-polyfill: 3.3.3
+    dev: false
+
   /file-entry-cache/6.0.0:
     resolution: {integrity: sha512-fqoO76jZ3ZnYrXLDRxBR1YvOvc0k844kcOg40bgsPrE25LAb/PDqTY+ho64Xh2c8ZXgIKldchCFHczG2UVRcWA==}
     engines: {node: ^10.12.0 || >=12.0.0}
@@ -3401,8 +3414,8 @@ packages:
       mime-types: 2.1.31
     dev: false
 
-  /form-data/3.0.1:
-    resolution: {integrity: sha512-RHkBKtLWUVwd7SqRIvCZMEvAMoGUp0XU+seQiZejj0COz3RI3hWP4sCv3gZWWLjJTd7rGwcsF5eKZGii0r/hbg==}
+  /form-data/4.0.1:
+    resolution: {integrity: sha512-tzN8e4TX8+kkxGPK8D5u0FNmjPUjw3lwC9lSLxxoB/+GtsJG91CO8bSWy73APlgAZzZbXEYZJuxjkHH2w+Ezhw==}
     engines: {node: '>= 6'}
     dependencies:
       asynckit: 0.4.0
@@ -3410,6 +3423,13 @@ packages:
       mime-types: 2.1.31
     dev: false
 
+  /formdata-polyfill/4.0.10:
+    resolution: {integrity: sha512-buewHzMvYL29jdeQTVILecSaZKnt/RJWjoZCF5OW60Z67/GmSLBkOFM7qh1PI3zFNtJbaZL5eQu1vLfazOwj4g==}
+    engines: {node: '>=12.20.0'}
+    dependencies:
+      fetch-blob: 3.2.0
+    dev: false
+
   /fp-ts/1.19.3:
     resolution: {integrity: sha512-H5KQDspykdHuztLTg+ajGN0Z2qUjcEf3Ybxc6hLt0k7/zPkn29XnKnxlBPyW2XIddWrGaJBzBl4VLYOtk39yZg==}
     dev: true
@@ -4747,6 +4767,11 @@ packages:
   /node-addon-api/2.0.2:
     resolution: {integrity: sha512-Ntyt4AIXyaLIuMHF6IOoTakB3K+RWxwtsHNRxllEoA6vPwP9o4866g6YWDLUdnucilZhmkxiHwHr11gAENw+QA==}
 
+  /node-domexception/1.0.0:
+    resolution: {integrity: sha512-/jKZoMpw0F8GRwl4/eLROPA3cfcXtLApP0QzLmUT/HuPCZWyB7IY9ZrMeKw2O/nFIqPQB3PVM9aYm0F312AXDQ==}
+    engines: {node: '>=10.5.0'}
+    dev: false
+
   /node-environment-flags/1.0.6:
     resolution: {integrity: sha512-5Evy2epuL+6TM0lCQGpFIj6KwiEsGh1SrHUhTbNX+sLbBtjidPZFAnVK9y5yU1+h//RitLbRHTIMyxQPtxMdHw==}
     dependencies:
@@ -4754,16 +4779,13 @@ packages:
       semver: 5.7.1
     dev: true
 
-  /node-fetch/2.6.7:
-    resolution: {integrity: sha512-ZjMPFEfVx5j+y2yF35Kzx5sF7kDzxuDj6ziH4FFbOp87zKDZNx8yExJIb05OGF4Nlt9IHFIMBkRl41VdvcNdbQ==}
-    engines: {node: 4.x || >=6.0.0}
-    peerDependencies:
-      encoding: ^0.1.0
-    peerDependenciesMeta:
-      encoding:
-        optional: true
+  /node-fetch/3.3.2:
+    resolution: {integrity: sha512-dRB78srN/l6gqWulah9SrxeYnxeddIG30+GOqK/9OlLVyLg3HPnr6SqOWTWOXKRwC2eGYCkZ59NNuSgvSrpgOA==}
+    engines: {node: ^12.20.0 || ^14.13.1 || >=16.0.0}
     dependencies:
-      whatwg-url: 5.0.0
+      data-uri-to-buffer: 4.0.1
+      fetch-blob: 3.2.0
+      formdata-polyfill: 4.0.10
     dev: false
 
   /node-gyp-build/4.3.0:
@@ -5971,10 +5993,6 @@ packages:
       punycode: 2.1.1
     dev: false
 
-  /tr46/0.0.3:
-    resolution: {integrity: sha1-gYT9NH2snNwYWZLzpmIuFLnZq2o=}
-    dev: false
-
   /trim-newlines/3.0.1:
     resolution: {integrity: sha512-c1PTsA3tYrIsLGkJkzHF+w9F2EyxfXGo4UyJc4pFL++FMjnq0HJS69T3M7d//gKrFKwy429bouPescbjecU+Zw==}
     engines: {node: '>=8'}
@@ -6317,6 +6335,11 @@ packages:
       defaults: 1.0.3
     dev: false
 
+  /web-streams-polyfill/3.3.3:
+    resolution: {integrity: sha512-d2JWLCivmZYTSIoge9MsgFCZrt571BikcWGYkjC1khllbTeDlGqZ2D8vD8E/lJa8WGWbb7Plm8/XJYV7IJHZZw==}
+    engines: {node: '>= 8'}
+    dev: false
+
   /web3-utils/1.3.6:
     resolution: {integrity: sha512-hHatFaQpkQgjGVER17gNx8u1qMyaXFZtM0y0XLGH1bzsjMPlkMPLRcYOrZ00rOPfTEuYFOdrpGOqZXVmGrMZRg==}
     engines: {node: '>=8.0.0'}
@@ -6331,17 +6354,6 @@ packages:
       utf8: 3.0.0
     dev: true
 
-  /webidl-conversions/3.0.1:
-    resolution: {integrity: sha1-JFNCdeKnvGvnvIZhHMFq4KVlSHE=}
-    dev: false
-
-  /whatwg-url/5.0.0:
-    resolution: {integrity: sha1-lmRU6HZUYuN2RNNib2dCzotwll0=}
-    dependencies:
-      tr46: 0.0.3
-      webidl-conversions: 3.0.1
-    dev: false
-
   /which-boxed-primitive/1.0.2:
     resolution: {integrity: sha512-bwZdv0AKLpplFY2KZRX6TvyuN7ojjr7lwkg6ml0roIy9YeuSr7JS372qlNW18UQYzgYK9ziGcerWqZOmEn9VNg==}
     dependencies:
diff --git a/waffle-compiler/package.json b/waffle-compiler/package.json
index 4578c30e8..39116b196 100644
--- a/waffle-compiler/package.json
+++ b/waffle-compiler/package.json
@@ -45,9 +45,9 @@
     "@resolver-engine/imports-fs": "^0.3.3",
     "@typechain/ethers-v5": "^10.0.0",
     "@types/mkdirp": "^0.5.2",
-    "@types/node-fetch": "^2.6.1",
+    "@types/node-fetch": "^2.6.12",
     "mkdirp": "^0.5.1",
-    "node-fetch": "^2.6.7"
+    "node-fetch": "^3.3.2"
   },
   "devDependencies": {
     "@ethereum-waffle/chai": "workspace:*",