diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5c02b41..cee5c6b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.3.1](https://github.com/eigerco/beetswap/compare/v0.3.0...v0.3.1) - 2024-08-13
+
+### Other
+- Upgrade blockstore ([#56](https://github.com/eigerco/beetswap/pull/56))
+
 ## [0.3.0](https://github.com/eigerco/beetswap/compare/v0.2.0...v0.3.0) - 2024-08-12
 
 ### Other
diff --git a/Cargo.lock b/Cargo.lock
index 924940e..25f6a88 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -469,7 +469,7 @@ checksum = "8c3c1a368f70d6cf7302d78f8f7093da241fb8e8807c05cc9e51a125895a6d5b"
 
 [[package]]
 name = "beetswap"
-version = "0.3.0"
+version = "0.3.1"
 dependencies = [
  "anyhow",
  "asynchronous-codec",
diff --git a/Cargo.toml b/Cargo.toml
index 9108ffa..d692f80 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "beetswap"
-version = "0.3.0"
+version = "0.3.1"
 edition = "2021"
 license = "Apache-2.0"
 description = "Implementation of bitswap protocol for libp2p"