diff --git a/CHANGELOG.md b/CHANGELOG.md
index b46ea97..bd326be 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-### NEXT
+### Version 3.5.0
 - Added :dependent option for setting explicit deletion behaviour (issue #31)
 - Added automatic cycle detection when supported (currently only PostgresSQL 14+) (issue #22)
 
diff --git a/lib/acts_as_recursive_tree/version.rb b/lib/acts_as_recursive_tree/version.rb
index 9c8e3d0..70c73cd 100644
--- a/lib/acts_as_recursive_tree/version.rb
+++ b/lib/acts_as_recursive_tree/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module ActsAsRecursiveTree
-  VERSION = '3.4.0'
+  VERSION = '3.5.0'
 end