diff --git a/pkgs/development/python-modules/libipld/default.nix b/pkgs/development/python-modules/libipld/default.nix
index 0de4688cd0ea..c4a0c6545a0d 100644
--- a/pkgs/development/python-modules/libipld/default.nix
+++ b/pkgs/development/python-modules/libipld/default.nix
@@ -17,18 +17,18 @@
 
 buildPythonPackage rec {
   pname = "libipld";
-  version = "3.3.2";
+  version = "3.4.1";
   pyproject = true;
 
   # use pypi, GitHub does not include Cargo.lock
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-foXM2RNhEOY5Q9lSMrGTyJPjacQGJz0jUWDlzEs5yc4=";
+    hash = "sha256-XTT8j5DJVDIPyn/vEg5f6a9Y+2dP9yNfJ4cDZN5sEG8=";
   };
 
   cargoDeps = rustPlatform.fetchCargoVendor {
     inherit src;
-    hash = "sha256-BtFIX6xCJWBkIOzYEr8XohA1jsXC9rhiaMd87pe101w=";
+    hash = "sha256-8DYIiX/lFGYz/4+vWgoYTsV5L3O7rulof6UomrulbeM=";
   };
 
   build-system = [