diff --git a/packages/electrum/build.sh b/packages/electrum/build.sh
index 7f7839120d..8e85646413 100644
--- a/packages/electrum/build.sh
+++ b/packages/electrum/build.sh
@@ -2,11 +2,11 @@ TERMUX_PKG_HOMEPAGE=https://electrum.org
 TERMUX_PKG_DESCRIPTION="Electrum is a lightweight Bitcoin wallet"
 TERMUX_PKG_LICENSE="MIT"
 TERMUX_PKG_MAINTAINER="@termux"
-TERMUX_PKG_VERSION=4.3.4
+TERMUX_PKG_VERSION=4.4.0
 TERMUX_PKG_SRCURL=https://download.electrum.org/$TERMUX_PKG_VERSION/Electrum-$TERMUX_PKG_VERSION.tar.gz
-TERMUX_PKG_SHA256=f99e0d64afee9c537a9b10ae3257870710280fe5353f3564dff66765198e3b1a
+TERMUX_PKG_SHA256=48757e7c20e17e0221eecf0bede0db2a3f1b9074959bb2763cf438090a69e9c2
 TERMUX_PKG_DEPENDS="python, libsecp256k1, python-pip"
-TERMUX_PKG_PYTHON_TARGET_DEPS="'qrcode', 'protobuf<4,>=3.12', 'qdarkstyle>=2.7', 'aiorpcx<0.23,>=0.22.0', 'aiohttp<4.0.0,>=3.3.0', 'aiohttp_socks>=0.3', 'certifi', 'bitstring', 'attrs>=19.2.0', 'dnspython>=2.0'"
+TERMUX_PKG_PYTHON_TARGET_DEPS="'qrcode', 'protobuf<4,>=3.20', 'qdarkstyle>=2.7', 'aiorpcx<0.23,>=0.22.0', 'aiohttp<4.0.0,>=3.3.0', 'aiohttp_socks>=0.3', 'certifi', 'bitstring', 'attrs>=19.2.0', 'dnspython>=2.0'"
 TERMUX_PKG_BUILD_IN_SRC=true
 TERMUX_PKG_PLATFORM_INDEPENDENT=true
 # asciinema previously contained some files that python packages have in common
diff --git a/packages/electrum/only-text-gui.patch b/packages/electrum/only-text-gui.patch
index b2fb34cb40..e96610e0ad 100644
--- a/packages/electrum/only-text-gui.patch
+++ b/packages/electrum/only-text-gui.patch
@@ -17,6 +17,6 @@
          if fd is not None:
 -            plugins = init_plugins(config, config.get('gui', 'qt'))
 +            plugins = init_plugins(config, config.get('gui', 'text'))
-             d = daemon.Daemon(config, fd)
+             d = daemon.Daemon(config, fd, start_network=False)
              try:
                  d.run_gui(config, plugins)