diff --git a/Cargo.lock b/Cargo.lock
index 40ff97009de..54a0f8657a1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3278,7 +3278,7 @@ dependencies = [
 
 [[package]]
 name = "libp2p-swarm-test"
-version = "0.4.1"
+version = "0.5.0"
 dependencies = [
  "async-trait",
  "futures",
diff --git a/Cargo.toml b/Cargo.toml
index 7b52e4a7b42..af7e47f8359 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -104,7 +104,7 @@ libp2p-server = { version = "0.12.8", path = "misc/server" }
 libp2p-stream = { version = "0.2.0-alpha", path = "protocols/stream" }
 libp2p-swarm = { version = "0.45.2", path = "swarm" }
 libp2p-swarm-derive = { version = "=0.35.0", path = "swarm-derive" } # `libp2p-swarm-derive` may not be compatible with different `libp2p-swarm` non-breaking releases. E.g. `libp2p-swarm` might introduce a new enum variant `FromSwarm` (which is `#[non-exhaustive]`) in a non-breaking release. Older versions of `libp2p-swarm-derive` would not forward this enum variant within the `NetworkBehaviour` hierarchy. Thus the version pinning is required.
-libp2p-swarm-test = { version = "0.4.1", path = "swarm-test" }
+libp2p-swarm-test = { version = "0.5.0", path = "swarm-test" }
 libp2p-tcp = { version = "0.42.0", path = "transports/tcp" }
 libp2p-tls = { version = "0.5.0", path = "transports/tls" }
 libp2p-uds = { version = "0.41.0", path = "transports/uds" }
diff --git a/swarm-test/CHANGELOG.md b/swarm-test/CHANGELOG.md
index 33eebb2412c..5700460b3a6 100644
--- a/swarm-test/CHANGELOG.md
+++ b/swarm-test/CHANGELOG.md
@@ -1,4 +1,4 @@
-## 0.4.1
+## 0.5.0
 
 - Add `tokio` runtime support and make `tokio` and `async-std` runtimes optional behind features.
   See [PR 5551].
diff --git a/swarm-test/Cargo.toml b/swarm-test/Cargo.toml
index fa51454dd58..7ac7c900deb 100644
--- a/swarm-test/Cargo.toml
+++ b/swarm-test/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "libp2p-swarm-test"
-version = "0.4.1"
+version = "0.5.0"
 edition = "2021"
 rust-version = { workspace = true }
 license = "MIT"