diff --git a/CHANGELOG.md b/CHANGELOG.md
index a464076fa7..d6397a1699 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,8 @@
 # CHANGELOG
 
-## master
+## 7.4.1 Jan 15, 2022
+
+Upgrade priority: Medium. Required for all chains using `Range` and `RangeInclusive` types. Also includes better error handling for number conversions.
 
 Changes:
 
@@ -8,6 +10,7 @@ Changes:
 - Ensure `Range/RangeInclusive` variant check does not fail on encoding
 - Ensure non-option calls in api-contract are marked as `@deprecated`
 - Added Kusama 9150 upgrade block (known types)
+- Update `@polkadot/util` to 8.3.2
 
 
 ## 7.3.1 Jan 9, 2022
diff --git a/package.json b/package.json
index 52c7c8e1ac..e9c6c991cc 100644
--- a/package.json
+++ b/package.json
@@ -11,7 +11,7 @@
   },
   "sideEffects": false,
   "type": "commonjs",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "workspaces": [
     "packages/*"
   ],
@@ -34,7 +34,7 @@
     "@babel/core": "^7.16.7",
     "@babel/register": "^7.16.9",
     "@babel/runtime": "^7.16.7",
-    "@polkadot/dev": "^0.65.31",
+    "@polkadot/dev": "^0.65.37",
     "@polkadot/typegen": "workspace:packages/typegen",
     "@types/jest": "^27.4.0",
     "copyfiles": "^2.4.1"
diff --git a/packages/api-augment/package.json b/packages/api-augment/package.json
index f38701a70c..03b86b97b6 100644
--- a/packages/api-augment/package.json
+++ b/packages/api-augment/package.json
@@ -20,15 +20,15 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/api-base": "7.3.2-9",
-    "@polkadot/rpc-augment": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-augment": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/api-base": "7.4.0",
+    "@polkadot/rpc-augment": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-augment": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/util": "^8.3.2"
   }
 }
diff --git a/packages/api-base/package.json b/packages/api-base/package.json
index 4828e0c5b8..ade9416e7b 100644
--- a/packages/api-base/package.json
+++ b/packages/api-base/package.json
@@ -20,13 +20,13 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/rpc-core": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
+    "@polkadot/rpc-core": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/util": "^8.3.2",
     "rxjs": "^7.5.2"
   }
 }
diff --git a/packages/api-contract/package.json b/packages/api-contract/package.json
index dcab87e809..2f4247043b 100644
--- a/packages/api-contract/package.json
+++ b/packages/api-contract/package.json
@@ -20,20 +20,20 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/api": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/types-create": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/util-crypto": "^8.3.1",
+    "@polkadot/api": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/types-create": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/util-crypto": "^8.3.2",
     "rxjs": "^7.5.2"
   },
   "devDependencies": {
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/keyring": "^8.3.1"
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/keyring": "^8.3.2"
   }
 }
diff --git a/packages/api-derive/package.json b/packages/api-derive/package.json
index 034c477c1a..9936b8db93 100644
--- a/packages/api-derive/package.json
+++ b/packages/api-derive/package.json
@@ -20,25 +20,25 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/api": "7.3.2-9",
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/api-base": "7.3.2-9",
-    "@polkadot/rpc-core": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/util-crypto": "^8.3.1",
+    "@polkadot/api": "7.4.0",
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/api-base": "7.4.0",
+    "@polkadot/rpc-core": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/util-crypto": "^8.3.2",
     "rxjs": "^7.5.2"
   },
   "devDependencies": {
-    "@polkadot/api": "7.3.2-9",
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/rpc-augment": "7.3.2-9",
-    "@polkadot/rpc-provider": "7.3.2-9",
-    "@polkadot/types-support": "7.3.2-9"
+    "@polkadot/api": "7.4.0",
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/rpc-augment": "7.4.0",
+    "@polkadot/rpc-provider": "7.4.0",
+    "@polkadot/types-support": "7.4.0"
   }
 }
diff --git a/packages/api/package.json b/packages/api/package.json
index abd45f332d..2f4d1adbb1 100644
--- a/packages/api/package.json
+++ b/packages/api/package.json
@@ -20,29 +20,29 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/api-base": "7.3.2-9",
-    "@polkadot/api-derive": "7.3.2-9",
-    "@polkadot/keyring": "^8.3.1",
-    "@polkadot/rpc-augment": "7.3.2-9",
-    "@polkadot/rpc-core": "7.3.2-9",
-    "@polkadot/rpc-provider": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-augment": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/types-create": "7.3.2-9",
-    "@polkadot/types-known": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/util-crypto": "^8.3.1",
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/api-base": "7.4.0",
+    "@polkadot/api-derive": "7.4.0",
+    "@polkadot/keyring": "^8.3.2",
+    "@polkadot/rpc-augment": "7.4.0",
+    "@polkadot/rpc-core": "7.4.0",
+    "@polkadot/rpc-provider": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-augment": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/types-create": "7.4.0",
+    "@polkadot/types-known": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/util-crypto": "^8.3.2",
     "eventemitter3": "^4.0.7",
     "rxjs": "^7.5.2"
   },
   "devDependencies": {
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/types-support": "7.3.2-9"
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/types-support": "7.4.0"
   }
 }
diff --git a/packages/rpc-augment/package.json b/packages/rpc-augment/package.json
index ab6389d6f8..bc6ef99ea1 100644
--- a/packages/rpc-augment/package.json
+++ b/packages/rpc-augment/package.json
@@ -20,13 +20,13 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/rpc-core": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/rpc-core": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/util": "^8.3.2"
   }
 }
diff --git a/packages/rpc-core/package.json b/packages/rpc-core/package.json
index a39eae0f81..7329546b6d 100644
--- a/packages/rpc-core/package.json
+++ b/packages/rpc-core/package.json
@@ -20,18 +20,18 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/rpc-augment": "7.3.2-9",
-    "@polkadot/rpc-provider": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
+    "@polkadot/rpc-augment": "7.4.0",
+    "@polkadot/rpc-provider": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/util": "^8.3.2",
     "rxjs": "^7.5.2"
   },
   "devDependencies": {
-    "@polkadot/keyring": "^8.3.1",
-    "@polkadot/rpc-augment": "7.3.2-9"
+    "@polkadot/keyring": "^8.3.2",
+    "@polkadot/rpc-augment": "7.4.0"
   }
 }
diff --git a/packages/rpc-provider/package.json b/packages/rpc-provider/package.json
index e6354a1d8c..76e98d7b03 100644
--- a/packages/rpc-provider/package.json
+++ b/packages/rpc-provider/package.json
@@ -20,18 +20,18 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/keyring": "^8.3.1",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-support": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/util-crypto": "^8.3.1",
-    "@polkadot/x-fetch": "^8.3.1",
-    "@polkadot/x-global": "^8.3.1",
-    "@polkadot/x-ws": "^8.3.1",
+    "@polkadot/keyring": "^8.3.2",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-support": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/util-crypto": "^8.3.2",
+    "@polkadot/x-fetch": "^8.3.2",
+    "@polkadot/x-global": "^8.3.2",
+    "@polkadot/x-ws": "^8.3.2",
     "eventemitter3": "^4.0.7",
     "mock-socket": "^9.0.8",
     "nock": "^13.2.2"
diff --git a/packages/typegen/package.json b/packages/typegen/package.json
index 84251fc521..92f5c34324 100644
--- a/packages/typegen/package.json
+++ b/packages/typegen/package.json
@@ -20,7 +20,7 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "bin": {
     "polkadot-types-chain-info": "./scripts/polkadot-types-chain-info.cjs",
@@ -33,17 +33,17 @@
     "@babel/core": "^7.16.7",
     "@babel/register": "^7.16.9",
     "@babel/runtime": "^7.16.7",
-    "@polkadot/api": "7.3.2-9",
-    "@polkadot/api-augment": "7.3.2-9",
-    "@polkadot/rpc-augment": "7.3.2-9",
-    "@polkadot/rpc-provider": "7.3.2-9",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-augment": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/types-create": "7.3.2-9",
-    "@polkadot/types-support": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/x-ws": "^8.3.1",
+    "@polkadot/api": "7.4.0",
+    "@polkadot/api-augment": "7.4.0",
+    "@polkadot/rpc-augment": "7.4.0",
+    "@polkadot/rpc-provider": "7.4.0",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-augment": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/types-create": "7.4.0",
+    "@polkadot/types-support": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/x-ws": "^8.3.2",
     "handlebars": "^4.7.7",
     "websocket": "^1.0.34",
     "yargs": "^17.3.1"
diff --git a/packages/types-augment/package.json b/packages/types-augment/package.json
index 80e4858608..cad114f11c 100644
--- a/packages/types-augment/package.json
+++ b/packages/types-augment/package.json
@@ -20,12 +20,12 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/util": "^8.3.2"
   }
 }
diff --git a/packages/types-codec/package.json b/packages/types-codec/package.json
index 7ee6abafe7..203b7c07e8 100644
--- a/packages/types-codec/package.json
+++ b/packages/types-codec/package.json
@@ -20,16 +20,16 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/util": "^8.3.2"
   },
   "devDependencies": {
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-augment": "7.3.2-9",
-    "@polkadot/types-support": "7.3.2-9",
-    "@polkadot/util-crypto": "^8.3.1"
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-augment": "7.4.0",
+    "@polkadot/types-support": "7.4.0",
+    "@polkadot/util-crypto": "^8.3.2"
   }
 }
diff --git a/packages/types-create/package.json b/packages/types-create/package.json
index 4229e8e1f3..76a4acaecd 100644
--- a/packages/types-create/package.json
+++ b/packages/types-create/package.json
@@ -20,14 +20,14 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/util": "^8.3.2"
   },
   "devDependencies": {
-    "@polkadot/types": "7.3.2-9"
+    "@polkadot/types": "7.4.0"
   }
 }
diff --git a/packages/types-known/package.json b/packages/types-known/package.json
index e86114cd8d..28fa5f125c 100644
--- a/packages/types-known/package.json
+++ b/packages/types-known/package.json
@@ -20,14 +20,14 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/networks": "^8.3.1",
-    "@polkadot/types": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/types-create": "7.3.2-9",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/networks": "^8.3.2",
+    "@polkadot/types": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/types-create": "7.4.0",
+    "@polkadot/util": "^8.3.2"
   }
 }
diff --git a/packages/types-support/package.json b/packages/types-support/package.json
index 065c30f5bd..afcd031d82 100644
--- a/packages/types-support/package.json
+++ b/packages/types-support/package.json
@@ -20,10 +20,10 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/util": "^8.3.1"
+    "@polkadot/util": "^8.3.2"
   }
 }
diff --git a/packages/types/package.json b/packages/types/package.json
index c145a82923..58a9802d45 100644
--- a/packages/types/package.json
+++ b/packages/types/package.json
@@ -20,20 +20,20 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "7.3.2-9",
+  "version": "7.4.0",
   "main": "index.js",
   "dependencies": {
     "@babel/runtime": "^7.16.7",
-    "@polkadot/keyring": "^8.3.1",
-    "@polkadot/types-augment": "7.3.2-9",
-    "@polkadot/types-codec": "7.3.2-9",
-    "@polkadot/types-create": "7.3.2-9",
-    "@polkadot/util": "^8.3.1",
-    "@polkadot/util-crypto": "^8.3.1",
+    "@polkadot/keyring": "^8.3.2",
+    "@polkadot/types-augment": "7.4.0",
+    "@polkadot/types-codec": "7.4.0",
+    "@polkadot/types-create": "7.4.0",
+    "@polkadot/util": "^8.3.2",
+    "@polkadot/util-crypto": "^8.3.2",
     "rxjs": "^7.5.2"
   },
   "devDependencies": {
-    "@polkadot/keyring": "^8.3.1",
-    "@polkadot/types-support": "7.3.2-9"
+    "@polkadot/keyring": "^8.3.2",
+    "@polkadot/types-support": "7.4.0"
   }
 }
diff --git a/yarn.lock b/yarn.lock
index bf6a1ba0da..2c5e6672c9 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1868,28 +1868,28 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@polkadot/api-augment@7.3.2-9, @polkadot/api-augment@workspace:packages/api-augment":
+"@polkadot/api-augment@7.4.0, @polkadot/api-augment@workspace:packages/api-augment":
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