diff --git a/package/src/external/reanimated/moduleWrapper.ts b/package/src/external/reanimated/moduleWrapper.ts
index 9e45fde395..8bceb66bd7 100644
--- a/package/src/external/reanimated/moduleWrapper.ts
+++ b/package/src/external/reanimated/moduleWrapper.ts
@@ -2,66 +2,59 @@ import { useMemo } from "react";
 
 import type { SharedValueType } from "../../renderer/processors/Animations";
 
+// This one is needed for the deprecated useSharedValue function
+// We can remove it once we remove the deprecation
 // eslint-disable-next-line @typescript-eslint/no-explicit-any
-let Reanimated: any;
+let Reanimated2: any;
+// eslint-disable-next-line @typescript-eslint/no-explicit-any
+let Reanimated3: any;
+let reanimatedVersion: string;
 
 try {
-  Reanimated = require("react-native-reanimated");
-} catch (e) {
-  // Ignore
-}
-
-export const HAS_REANIMATED = !!Reanimated;
-
-function throwOnMissingReanimated() {
-  throw new Error(
-    "Reanimated was not found, make sure react-native-reanimated package is installed if you want to use \
-    react-naitve-skia's integration layer API."
-  );
-}
+  Reanimated2 = require("react-native-reanimated");
+  reanimatedVersion =
+    // eslint-disable-next-line import/extensions
+    require("react-native-reanimated/package.json").version;
+  if (
+    reanimatedVersion &&
+    (reanimatedVersion >= "3.0.0" || reanimatedVersion.includes("3.0.0-"))
+  ) {
+    Reanimated3 = Reanimated2;
+  }
+} catch (e) {}
 
-let ReanimatedVersionTested = false;
+export const HAS_REANIMATED2 = !!Reanimated2;
+export const HAS_REANIMATED3 = !!Reanimated3;
 
-export function throwOnIncompatibleReanimatedVersion() {
-  if (ReanimatedVersionTested) {
-    // we avoid testing version more than once as it won't change and we throw
-    // an error when version is incompatible
-    return;
-  }
-  ReanimatedVersionTested = true;
-  let reanimatedVersion: false | string = false;
-  try {
-    // The first compatible version is 3.0.0 but we need to exclude 3.0.0 pre-releases
-    // as they have limited support for the used API.
-    // eslint-disable-next-line import/extensions
-    reanimatedVersion = require("react-native-reanimated/package.json").version;
-  } catch (e) {
-    // Ignore
+function throwOnMissingReanimated2() {
+  if (!HAS_REANIMATED2) {
+    throw new Error(
+      "Reanimated was not found, make sure react-native-reanimated package is installed if you want to use \
+      react-naitve-skia's integration layer API."
+    );
   }
+}
 
-  if (
-    !reanimatedVersion ||
-    reanimatedVersion < "3.0.0" ||
-    reanimatedVersion.includes("3.0.0-")
-  ) {
+function throwOnMissingReanimated3() {
+  if (!HAS_REANIMATED3) {
     throw new Error(
       `Reanimated version ${reanimatedVersion} is not supported, please upgrade to 3.0.0 or newer.`
     );
   }
+  throwOnMissingReanimated2();
 }
 
 export const useSharedValue =
-  Reanimated?.useSharedValue ||
+  Reanimated2?.useSharedValue ||
   ((value: number) => useMemo(() => ({ value }), [value]));
 
-export const startMapper = Reanimated?.startMapper || throwOnMissingReanimated;
-export const stopMapper = Reanimated?.stopMapper || throwOnMissingReanimated;
-export const runOnJS = Reanimated?.runOnJS || throwOnMissingReanimated;
+export const startMapper =
+  Reanimated2?.startMapper || throwOnMissingReanimated2;
+export const stopMapper = Reanimated2?.stopMapper || throwOnMissingReanimated2;
+export const runOnJS = Reanimated2?.runOnJS || throwOnMissingReanimated2;
 export const isSharedValue = <T>(
   value: unknown
 ): value is SharedValueType<T> => {
-  if (!Reanimated) {
-    throwOnMissingReanimated();
-  }
-  return !!value && Reanimated.isSharedValue(value);
+  throwOnMissingReanimated3();
+  return !!value && Reanimated3.isSharedValue(value);
 };
diff --git a/package/src/external/reanimated/renderHelpers.ts b/package/src/external/reanimated/renderHelpers.ts
index a0c28b9a28..5d860e1578 100644
--- a/package/src/external/reanimated/renderHelpers.ts
+++ b/package/src/external/reanimated/renderHelpers.ts
@@ -8,14 +8,13 @@ import {
   startMapper,
   stopMapper,
   isSharedValue,
-  throwOnIncompatibleReanimatedVersion,
-  HAS_REANIMATED,
+  HAS_REANIMATED3,
 } from "./moduleWrapper";
 
 const _bindings = new WeakMap<Node<unknown>, unknown>();
 
 export function extractReanimatedProps(props: AnimatedProps<any>) {
-  if (!HAS_REANIMATED) {
+  if (!HAS_REANIMATED3) {
     return [props, {}];
   }
   const reanimatedProps = {} as AnimatedProps<any>;
@@ -40,12 +39,9 @@ export function bindReanimatedProps(
   node: Node<any>,
   reanimatedProps: AnimatedProps<any>
 ) {
-  if (!HAS_REANIMATED) {
+  if (!HAS_REANIMATED3) {
     return;
   }
-  if (__DEV__) {
-    throwOnIncompatibleReanimatedVersion();
-  }
   const sharedValues = Object.values(reanimatedProps);
   const previousMapperId = _bindings.get(node);
   if (previousMapperId !== undefined) {
diff --git a/package/src/external/reanimated/useSharedValueEffect.ts b/package/src/external/reanimated/useSharedValueEffect.ts
index 427605e94c..e423c955d9 100644
--- a/package/src/external/reanimated/useSharedValueEffect.ts
+++ b/package/src/external/reanimated/useSharedValueEffect.ts
@@ -3,7 +3,7 @@ import { useEffect } from "react";
 import type { SharedValueType } from "../../renderer/processors/Animations";
 
 import {
-  HAS_REANIMATED,
+  HAS_REANIMATED2,
   useSharedValue,
   runOnJS,
   startMapper,
@@ -28,7 +28,7 @@ Learn more at https://shopify.github.io/react-native-skia/.`
   const input = useSharedValue(0);
 
   useEffect(() => {
-    if (!HAS_REANIMATED) {
+    if (!HAS_REANIMATED2) {
       console.warn(
         "Reanimated was not found and the useSharedValueEffect hook will have no effect."
       );