diff --git a/CHANGELOG.md b/CHANGELOG.md
index d3738095b6..8e5fa1a1ea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,7 @@
 - [#3457](https://github.com/poanetwork/blockscout/pull/3457) - Fix doubled token transfer on block's page if block has reorg
 
 ### Chore
+- [#3500](https://github.com/poanetwork/blockscout/pull/3500) - Update solc version in explorer folder
 - [#3498](https://github.com/poanetwork/blockscout/pull/3498) - Make Staking DApp work with transferAndCall function
 - [#3496](https://github.com/poanetwork/blockscout/pull/3496) - Rollback websocket_client module to 1.3.0
 - [#3489](https://github.com/poanetwork/blockscout/pull/3489) - Migrate to Webpack@5
diff --git a/apps/explorer/package-lock.json b/apps/explorer/package-lock.json
index 2a349c9038..2623fff7e1 100644
--- a/apps/explorer/package-lock.json
+++ b/apps/explorer/package-lock.json
@@ -32,6 +32,11 @@
       "resolved": "https://registry.npmjs.org/concat-map/-/concat-map-0.0.1.tgz",
       "integrity": "sha1-2Klr13/Wjfd5OnMDajug1UBdR3s="
     },
+    "follow-redirects": {
+      "version": "1.13.0",
+      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.13.0.tgz",
+      "integrity": "sha512-aq6gF1BEKje4a9i9+5jimNFIpq4Q1WiwBToeRK5NvZBd/TRsmW8BsJfOEGkr76TbOyPVD3OVDN910EcUNtRYEA=="
+    },
     "fs-extra": {
       "version": "0.30.0",
       "resolved": "https://registry.npmjs.org/fs-extra/-/fs-extra-0.30.0.tgz",
@@ -125,7 +130,7 @@
     },
     "os-tmpdir": {
       "version": "1.0.2",
-      "resolved": "http://registry.npmjs.org/os-tmpdir/-/os-tmpdir-1.0.2.tgz",
+      "resolved": "https://registry.npmjs.org/os-tmpdir/-/os-tmpdir-1.0.2.tgz",
       "integrity": "sha1-u+Z0BseaqFxc/sdm/lc0VV36EnQ="
     },
     "path-is-absolute": {
@@ -152,12 +157,13 @@
       "integrity": "sha512-sauaDf/PZdVgrLTNYHRtpXa1iRiKcaebiKQ1BJdpQlWH2lCvexQdX55snPFyK7QzpudqbCI0qXFfOasHdyNDGQ=="
     },
     "solc": {
-      "version": "0.6.12",
-      "resolved": "https://registry.npmjs.org/solc/-/solc-0.6.12.tgz",
-      "integrity": "sha512-Lm0Ql2G9Qc7yPP2Ba+WNmzw2jwsrd3u4PobHYlSOxaut3TtUbj9+5ZrT6f4DUpNPEoBaFUOEg9Op9C0mk7ge9g==",
+      "version": "0.7.5",
+      "resolved": "https://registry.npmjs.org/solc/-/solc-0.7.5.tgz",
+      "integrity": "sha512-RdcYGj2qjg+maWYRZPW65QvOOYbwexDT9xaOEQJtRI0TIYfzTJmslJ4f9S56VNjJsIR1zHdUIiPyuhF7wGIylw==",
       "requires": {
         "command-exists": "^1.2.8",
         "commander": "3.0.2",
+        "follow-redirects": "^1.12.1",
         "fs-extra": "^0.30.0",
         "js-sha3": "0.8.0",
         "memorystream": "^0.3.1",
diff --git a/apps/explorer/package.json b/apps/explorer/package.json
index 2cb095a73c..dbc71518e0 100644
--- a/apps/explorer/package.json
+++ b/apps/explorer/package.json
@@ -8,11 +8,11 @@
   "author": "POA Network",
   "license": "GPL-3.0",
   "engines": {
-    "node": "12.x",
+    "node": "14.x",
     "npm": "6.x"
   },
   "scripts": {},
   "dependencies": {
-    "solc": "^0.6.12"
+    "solc": "^0.7.5"
   }
 }