diff --git a/Cargo.lock b/Cargo.lock
index d0d58fc89..278284baf 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2881,7 +2881,7 @@ checksum = "57bcfdad1b858c2db7c38303a6d2ad4dfaf5eb53dfeb0910128b2c26d6158503"
 
 [[package]]
 name = "litep2p"
-version = "0.3.0"
+version = "0.4.0"
 dependencies = [
  "async-trait",
  "asynchronous-codec",
diff --git a/Cargo.toml b/Cargo.toml
index bd3b4ac05..3a2282039 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -2,7 +2,7 @@
 name = "litep2p"
 description = "Peer-to-peer networking library"
 license = "MIT"
-version = "0.3.0"
+version = "0.4.0"
 edition = "2021"
 
 [build-dependencies]