diff --git a/internal/ethapi/api.go b/internal/ethapi/api.go
index 92d56f663b..6bc5babc71 100644
--- a/internal/ethapi/api.go
+++ b/internal/ethapi/api.go
@@ -1233,14 +1233,14 @@ func (s *BlockChainAPI) Call(ctx context.Context, args TransactionArgs, blockNrO
 	return result.Return(), result.Err
 }
 
-// MulticallV1 executes series of transactions on top of a base state.
+// SimulateV1 executes series of transactions on top of a base state.
 // The transactions are packed into blocks. For each block, block header
 // fields can be overridden. The state can also be overridden prior to
 // execution of each block.
 //
 // Note, this function doesn't make any changes in the state/blockchain and is
 // useful to execute and retrieve values.
-func (s *BlockChainAPI) MulticallV1(ctx context.Context, opts mcOpts, blockNrOrHash *rpc.BlockNumberOrHash) ([]mcBlockResult, error) {
+func (s *BlockChainAPI) SimulateV1(ctx context.Context, opts mcOpts, blockNrOrHash *rpc.BlockNumberOrHash) ([]mcBlockResult, error) {
 	if len(opts.BlockStateCalls) == 0 {
 		return nil, &invalidParamsError{message: "empty input"}
 	} else if len(opts.BlockStateCalls) > maxMulticallBlocks {
diff --git a/internal/ethapi/api_test.go b/internal/ethapi/api_test.go
index 707f10a62c..ea012465fa 100644
--- a/internal/ethapi/api_test.go
+++ b/internal/ethapi/api_test.go
@@ -946,7 +946,7 @@ func TestCall(t *testing.T) {
 	}
 }
 
-func TestMulticallV1(t *testing.T) {
+func TestSimulateV1(t *testing.T) {
 	t.Parallel()
 	// Initialize test accounts
 	var (
@@ -1794,7 +1794,7 @@ func TestMulticallV1(t *testing.T) {
 			if tc.validation != nil && *tc.validation {
 				opts.Validation = true
 			}
-			result, err := api.MulticallV1(context.Background(), opts, &tc.tag)
+			result, err := api.SimulateV1(context.Background(), opts, &tc.tag)
 			if tc.expectErr != nil {
 				if err == nil {
 					t.Fatalf("test %s: want error %v, have nothing", tc.name, tc.expectErr)
diff --git a/internal/ethapi/multicall.go b/internal/ethapi/simulate.go
similarity index 100%
rename from internal/ethapi/multicall.go
rename to internal/ethapi/simulate.go
diff --git a/internal/web3ext/web3ext.go b/internal/web3ext/web3ext.go
index 7ee01fce9a..76b71989e3 100644
--- a/internal/web3ext/web3ext.go
+++ b/internal/web3ext/web3ext.go
@@ -618,8 +618,8 @@ web3._extend({
 			inputFormatter: [web3._extend.formatters.inputCallFormatter, web3._extend.formatters.inputDefaultBlockNumberFormatter, null, null],
 		}),
 		new web3._extend.Method({
-			name: 'multicallV1',
-			call: 'eth_multicallV1',
+			name: 'simulateV1',
+			call: 'eth_simulateV1',
 			params: 3,
 			inputFormatter: [null, web3._extend.formatters.inputDefaultBlockNumberFormatter, null],
 		}),