diff --git a/pyproject.toml b/pyproject.toml
index 35060918..3deb3810 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -93,7 +93,7 @@ examples = [
 ]  # dvc-s3 is needed to access 'dagshub' dvc remote
 web = [
   "panel==1.8.2",
-  "param==2.2.1",
+  "param==2.3.1",
   # data processing
   "pandas==2.3.3",
   "python-dateutil==2.9.0.post0",