diff --git a/src/common/logging.py b/src/common/logging.py
index 85d1ffd0..13e2328c 100644
--- a/src/common/logging.py
+++ b/src/common/logging.py
@@ -36,3 +36,5 @@ def setup_logging():
 
         # Logging config does not affect messages issued by `warnings` module
         warnings.simplefilter('ignore')
+
+    logging.getLogger('web3').setLevel(settings.web3_log_level)
diff --git a/src/config/settings.py b/src/config/settings.py
index 28f53214..a3e6adfd 100644
--- a/src/config/settings.py
+++ b/src/config/settings.py
@@ -53,8 +53,11 @@ class Settings(metaclass=Singleton):
     hot_wallet_password_file: Path
     max_fee_per_gas_gwei: int
     database: Path
+
     log_level: str
     log_format: str
+    web3_log_level: str
+
     ipfs_fetch_endpoints: list[str]
     ipfs_timeout: int
     ipfs_retry_timeout: int
@@ -146,6 +149,8 @@ def set(
 
         self.log_level = log_level or 'INFO'
         self.log_format = log_format or LOG_PLAIN
+        self.web3_log_level = decouple_config('WEB3_LOG_LEVEL', default='INFO')
+
         self.sentry_dsn = decouple_config('SENTRY_DSN', default='')
 
         self.ipfs_fetch_endpoints = decouple_config(