diff --git a/Cargo.toml b/Cargo.toml
index ebd8e39c29d..31c3a8e4b9e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -75,7 +75,7 @@ rust-version = "1.75.0"
 asynchronous-codec = { version = "0.7.0" }
 futures-bounded = { version = "0.2.4" }
 futures-rustls = { version = "0.26.0", default-features = false }
-libp2p = { version = "0.54.0", path = "libp2p" }
+libp2p = { version = "0.54.1", path = "libp2p" }
 libp2p-allow-block-list = { version = "0.4.0", path = "misc/allow-block-list" }
 libp2p-autonat = { version = "0.13.0", path = "protocols/autonat" }
 libp2p-connection-limits = { version = "0.4.0", path = "misc/connection-limits" }
diff --git a/libp2p/CHANGELOG.md b/libp2p/CHANGELOG.md
index f2041399042..72a624786d4 100644
--- a/libp2p/CHANGELOG.md
+++ b/libp2p/CHANGELOG.md
@@ -1,7 +1,7 @@
 ## 0.54.1
 
 - Update individual crates.
-    - Update to [`libp2p-kad` `v0.46.1`](protocols/kad/CHANGELOG.md#0461).
+    - Update to [`libp2p-metrics` `0.15.0`](misc/metrics/CHANGELOG.md#0150).
 
 ## 0.54.0