diff --git a/apps/trading/.env.mainnet b/apps/trading/.env.mainnet
index 9b43a8c28..19f9f45cb 100644
--- a/apps/trading/.env.mainnet
+++ b/apps/trading/.env.mainnet
@@ -17,10 +17,6 @@ NX_CHROME_EXTENSION_URL=https://chrome.google.com/webstore/detail/vega-wallet-ma
 NX_MOZILLA_EXTENSION_URL=https://addons.mozilla.org/firefox/addon/vega-wallet-mainnet
 NX_ORACLE_PROOFS_URL=https://raw.githubusercontent.com/vegaprotocol/well-known/main/__generated__/oracle-proofs.json
 
-
-# TAG name of the current app version - TODO: bump to the latest upon release
-NX_APP_VERSION=v0.21.2-core-0.72.14
-
 # Cosmic elevator flags
 NX_SUCCESSOR_MARKETS=true
 NX_STOP_ORDERS=true
diff --git a/apps/trading/components/banner/index.tsx b/apps/trading/components/banner/index.tsx
index d1f7dda97..d7686c0b9 100644
--- a/apps/trading/components/banner/index.tsx
+++ b/apps/trading/components/banner/index.tsx
@@ -1,2 +1 @@
 export * from './announcement-banner';
-export * from './upgrade-banner';
diff --git a/apps/trading/components/banner/upgrade-banner.tsx b/apps/trading/components/banner/upgrade-banner.tsx
deleted file mode 100644
index 2db9a08a6..000000000
--- a/apps/trading/components/banner/upgrade-banner.tsx
+++ /dev/null
@@ -1,84 +0,0 @@
-import { useMemo, useState } from 'react';
-import { gt, prerelease } from 'semver';
-import {
-  ReleasesFeed,
-  useEnvironment,
-  useReleases,
-  Networks,
-} from '@vegaprotocol/environment';
-import { t } from '@vegaprotocol/i18n';
-import {
-  CopyWithTooltip,
-  ExternalLink,
-  Intent,
-  NotificationBanner,
-  VegaIcon,
-  VegaIconNames,
-} from '@vegaprotocol/ui-toolkit';
-
-// v0.20.12-core-0.71.4 -> v0.20.12
-// we need to strip the "core" suffix in order to determine whether a release
-// is a pre-release (candidate); example: v.0.21.0-beta.1-core-0.71.4
-const parseTagName = (tagName: string) => tagName.replace(/-core-[\d.]+$/i, '');
-
-type UpgradeBannerProps = {
-  showVersionChange: boolean;
-};
-export const UpgradeBanner = ({ showVersionChange }: UpgradeBannerProps) => {
-  const [visible, setVisible] = useState(true);
-  const { data } = useReleases(ReleasesFeed.FrontEnd);
-  const { APP_VERSION, VEGA_ENV, VEGA_NETWORKS } = useEnvironment();
-
-  const CANONICAL_URL = VEGA_NETWORKS[VEGA_ENV] || 'https://console.vega.xyz';
-
-  const newest = useMemo(() => {
-    if (!APP_VERSION || !data) return undefined;
-    const newer = data.filter((r) => gt(r.tagName, APP_VERSION));
-    const valid =
-      // filter pre-releases on mainnet
-      VEGA_ENV === Networks.MAINNET
-        ? newer?.filter((r) => !prerelease(parseTagName(r.tagName)))
-        : newer;
-    return valid.sort((a, b) => (gt(a.tagName, b.tagName) ? -1 : 1))[0];
-  }, [APP_VERSION, VEGA_ENV, data]);
-
-  if (!visible || !newest) {
-    return null;
-  }
-
-  return (
-    <NotificationBanner
-      intent={Intent.Warning}
-      onClose={() => {
-        setVisible(false);
-      }}
-    >
-      <div className="uppercase mb-1">
-        <ExternalLink href={CANONICAL_URL}>
-          {t('Upgrade to the latest version of Console')}
-        </ExternalLink>
-      </div>
-      <div data-testid="bookmark-message">
-        <a
-          className="underline"
-          href={newest.htmlUrl}
-          rel="noreferrer nofollow noopener"
-          target="_blank"
-        >
-          {t("View what's changed")}
-        </a>{' '}
-        {t(' or bookmark')}{' '}
-        <a className="underline" href={CANONICAL_URL}>
-          {t('console.vega.xyz')}
-        </a>{' '}
-        <CopyWithTooltip text={CANONICAL_URL}>
-          <button title={t('Copy %s', CANONICAL_URL)}>
-            <span className="sr-only">{t('Copy %s', CANONICAL_URL)}</span>
-            <VegaIcon size={14} name={VegaIconNames.COPY} />
-          </button>
-        </CopyWithTooltip>{' '}
-        {'to always see the latest version.'}
-      </div>
-    </NotificationBanner>
-  );
-};
diff --git a/apps/trading/pages/_app.page.tsx b/apps/trading/pages/_app.page.tsx
index 188c9f889..d4795e933 100644
--- a/apps/trading/pages/_app.page.tsx
+++ b/apps/trading/pages/_app.page.tsx
@@ -38,7 +38,7 @@ import { AppLoader, DynamicLoader } from '../components/app-loader';
 import { useDataProvider } from '@vegaprotocol/data-provider';
 import { activeOrdersProvider } from '@vegaprotocol/orders';
 import { useTelemetryApproval } from '../lib/hooks/use-telemetry-approval';
-import { AnnouncementBanner, UpgradeBanner } from '../components/banner';
+import { AnnouncementBanner } from '../components/banner';
 import { Navbar } from '../components/navbar';
 import classNames from 'classnames';
 import {
@@ -115,7 +115,6 @@ function AppBody({ Component }: AppProps) {
           />
           <ProtocolUpgradeInProgressNotification />
           <ViewingBanner />
-          <UpgradeBanner showVersionChange={true} />
         </div>
         <div data-testid={`pathname-${location.pathname}`}>
           <Component />
diff --git a/package.json b/package.json
index 0938cdf05..fbe0ca039 100644
--- a/package.json
+++ b/package.json
@@ -87,7 +87,6 @@
     "recharts": "^2.1.2",
     "recursive-key-filter": "^1.0.2",
     "regenerator-runtime": "0.13.7",
-    "semver": "^7.5.1",
     "toml": "^3.0.0",
     "tslib": "^2.3.0",
     "uuid": "^8.3.2",
diff --git a/yarn.lock b/yarn.lock
index 9c0a29346..47964beb1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -22591,13 +22591,6 @@ semver@^6.0.0, semver@^6.1.1, semver@^6.1.2, semver@^6.2.0, semver@^6.3.0:
   resolved "https://registry.yarnpkg.com/semver/-/semver-6.3.0.tgz#ee0a64c8af5e8ceea67687b133761e1becbd1d3d"
   integrity sha512-b39TBaTSfV6yBrapU89p5fKekE2m/NwnDocOVruQFS1/veMgdzuPcnOM34M6CwxW8jH/lxEa5rBoDeUwu5HHTw==
 
-semver@^7.5.1:
-  version "7.5.1"
-  resolved "https://registry.yarnpkg.com/semver/-/semver-7.5.1.tgz#c90c4d631cf74720e46b21c1d37ea07edfab91ec"
-  integrity sha512-Wvss5ivl8TMRZXXESstBA4uR5iXgEN/VC5/sOcuXdVLzcdkz4HWetIoRfG5gb5X+ij/G9rw9YoGn3QoQ8OCSpw==
-  dependencies:
-    lru-cache "^6.0.0"
-
 semver@^7.5.3:
   version "7.5.4"
   resolved "https://registry.yarnpkg.com/semver/-/semver-7.5.4.tgz#483986ec4ed38e1c6c48c34894a9182dbff68a6e"