diff --git a/CHANGELOG.md b/CHANGELOG.md
index 349b561103e..a3a743f39b3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased]
 
+## [Version 0.31.0]
+
 ### Added
 - [#2014](https://github.com/FuelLabs/fuel-core/pull/2014): Added a separate thread for the block importer.
 - [#2013](https://github.com/FuelLabs/fuel-core/pull/2013): Added a separate thread to process P2P database lookups.
diff --git a/Cargo.lock b/Cargo.lock
index 647067f48dc..79f0c9367d7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2785,7 +2785,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "assert_matches",
@@ -2875,11 +2875,11 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-bft"
-version = "0.30.0"
+version = "0.31.0"
 
 [[package]]
 name = "fuel-core-bin"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -2912,7 +2912,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-chain-config"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "bech32",
@@ -2938,7 +2938,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-client"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "cynic",
@@ -2961,7 +2961,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-client-bin"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "clap 4.5.8",
  "fuel-core-client",
@@ -2972,7 +2972,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-consensus-module"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "fuel-core-chain-config",
@@ -2984,7 +2984,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-database"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "derive_more",
@@ -2995,7 +2995,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-e2e-client"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "assert_cmd",
@@ -3021,7 +3021,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-executor"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "fuel-core-storage",
@@ -3035,7 +3035,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-gas-price-service"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3051,7 +3051,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-importer"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "derive_more",
@@ -3069,7 +3069,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-keygen"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "clap 4.5.8",
@@ -3080,7 +3080,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-keygen-bin"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "atty",
@@ -3093,7 +3093,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-metrics"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "parking_lot",
  "pin-project-lite",
@@ -3105,7 +3105,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-p2p"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3142,7 +3142,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-poa"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3161,7 +3161,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-producer"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3179,7 +3179,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-relayer"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3211,7 +3211,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-services"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3225,7 +3225,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-storage"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "derive_more",
@@ -3249,7 +3249,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-sync"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3307,7 +3307,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-trace"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "ctor",
  "tracing",
@@ -3317,7 +3317,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-txpool"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -3342,7 +3342,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-types"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "bs58",
@@ -3359,7 +3359,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-upgradable-executor"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "fuel-core-executor",
@@ -3375,7 +3375,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-core-wasm-executor"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "fuel-core-executor",
@@ -3421,7 +3421,7 @@ dependencies = [
 
 [[package]]
 name = "fuel-gas-price-algorithm"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "thiserror",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 9543090b6d5..c19705bc988 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -50,39 +50,39 @@ homepage = "https://fuel.network/"
 keywords = ["blockchain", "cryptocurrencies", "fuel-vm", "vm"]
 license = "BUSL-1.1"
 repository = "https://github.com/FuelLabs/fuel-core"
-version = "0.30.0"
+version = "0.31.0"
 
 [workspace.dependencies]
 # Workspace members
-fuel-core = { version = "0.30.0", path = "./crates/fuel-core", default-features = false }
-fuel-core-client-bin = { version = "0.30.0", path = "./bin/fuel-core-client" }
-fuel-core-bin = { version = "0.30.0", path = "./bin/fuel-core" }
-fuel-core-keygen = { version = "0.30.0", path = "./crates/keygen" }
-fuel-core-keygen-bin = { version = "0.30.0", path = "./bin/keygen" }
-fuel-core-chain-config = { version = "0.30.0", path = "./crates/chain-config", default-features = false }
-fuel-core-client = { version = "0.30.0", path = "./crates/client" }
-fuel-core-database = { version = "0.30.0", path = "./crates/database" }
-fuel-core-metrics = { version = "0.30.0", path = "./crates/metrics" }
-fuel-core-services = { version = "0.30.0", path = "./crates/services" }
-fuel-core-consensus-module = { version = "0.30.0", path = "./crates/services/consensus_module" }
-fuel-core-bft = { version = "0.30.0", path = "./crates/services/consensus_module/bft" }
-fuel-core-poa = { version = "0.30.0", path = "./crates/services/consensus_module/poa" }
-fuel-core-executor = { version = "0.30.0", path = "./crates/services/executor", default-features = false }
-fuel-core-importer = { version = "0.30.0", path = "./crates/services/importer" }
-fuel-core-gas-price-service = { version = "0.30.0", path = "crates/services/gas_price_service" }
-fuel-core-p2p = { version = "0.30.0", path = "./crates/services/p2p" }
-fuel-core-producer = { version = "0.30.0", path = "./crates/services/producer" }
-fuel-core-relayer = { version = "0.30.0", path = "./crates/services/relayer" }
-fuel-core-sync = { version = "0.30.0", path = "./crates/services/sync" }
-fuel-core-txpool = { version = "0.30.0", path = "./crates/services/txpool" }
-fuel-core-storage = { version = "0.30.0", path = "./crates/storage", default-features = false }
-fuel-core-trace = { version = "0.30.0", path = "./crates/trace" }
-fuel-core-types = { version = "0.30.0", path = "./crates/types", default-features = false }
+fuel-core = { version = "0.31.0", path = "./crates/fuel-core", default-features = false }
+fuel-core-client-bin = { version = "0.31.0", path = "./bin/fuel-core-client" }
+fuel-core-bin = { version = "0.31.0", path = "./bin/fuel-core" }
+fuel-core-keygen = { version = "0.31.0", path = "./crates/keygen" }
+fuel-core-keygen-bin = { version = "0.31.0", path = "./bin/keygen" }
+fuel-core-chain-config = { version = "0.31.0", path = "./crates/chain-config", default-features = false }
+fuel-core-client = { version = "0.31.0", path = "./crates/client" }
+fuel-core-database = { version = "0.31.0", path = "./crates/database" }
+fuel-core-metrics = { version = "0.31.0", path = "./crates/metrics" }
+fuel-core-services = { version = "0.31.0", path = "./crates/services" }
+fuel-core-consensus-module = { version = "0.31.0", path = "./crates/services/consensus_module" }
+fuel-core-bft = { version = "0.31.0", path = "./crates/services/consensus_module/bft" }
+fuel-core-poa = { version = "0.31.0", path = "./crates/services/consensus_module/poa" }
+fuel-core-executor = { version = "0.31.0", path = "./crates/services/executor", default-features = false }
+fuel-core-importer = { version = "0.31.0", path = "./crates/services/importer" }
+fuel-core-gas-price-service = { version = "0.31.0", path = "crates/services/gas_price_service" }
+fuel-core-p2p = { version = "0.31.0", path = "./crates/services/p2p" }
+fuel-core-producer = { version = "0.31.0", path = "./crates/services/producer" }
+fuel-core-relayer = { version = "0.31.0", path = "./crates/services/relayer" }
+fuel-core-sync = { version = "0.31.0", path = "./crates/services/sync" }
+fuel-core-txpool = { version = "0.31.0", path = "./crates/services/txpool" }
+fuel-core-storage = { version = "0.31.0", path = "./crates/storage", default-features = false }
+fuel-core-trace = { version = "0.31.0", path = "./crates/trace" }
+fuel-core-types = { version = "0.31.0", path = "./crates/types", default-features = false }
 fuel-core-tests = { version = "0.0.0", path = "./tests" }
-fuel-core-upgradable-executor = { version = "0.30.0", path = "./crates/services/upgradable-executor" }
-fuel-core-wasm-executor = { version = "0.30.0", path = "./crates/services/upgradable-executor/wasm-executor", default-features = false }
+fuel-core-upgradable-executor = { version = "0.31.0", path = "./crates/services/upgradable-executor" }
+fuel-core-wasm-executor = { version = "0.31.0", path = "./crates/services/upgradable-executor/wasm-executor", default-features = false }
 fuel-core-xtask = { version = "0.0.0", path = "./xtask" }
-fuel-gas-price-algorithm = { version = "0.30.0", path = "crates/fuel-gas-price-algorithm" }
+fuel-gas-price-algorithm = { version = "0.31.0", path = "crates/fuel-gas-price-algorithm" }
 
 # Fuel dependencies
 fuel-vm-private = { version = "0.55.0", package = "fuel-vm", default-features = false }
diff --git a/bin/fuel-core/chainspec/local-testnet/chain_config.json b/bin/fuel-core/chainspec/local-testnet/chain_config.json
index 51d6075f1a2..c90809be70f 100644
--- a/bin/fuel-core/chainspec/local-testnet/chain_config.json
+++ b/bin/fuel-core/chainspec/local-testnet/chain_config.json
@@ -279,7 +279,7 @@
       "privileged_address": "9f0e19d6c2a6283a3222426ab2630d35516b1799b503f37b02105bebe1b8a3e9"
     }
   },
-  "genesis_state_transition_version": 4,
+  "genesis_state_transition_version": 5,
   "consensus": {
     "PoA": {
       "signing_key": "e0a9fcde1b73f545252e01b30b50819eb9547d07531fa3df0385c5695736634d"
diff --git a/bin/fuel-core/chainspec/local-testnet/state_transition_bytecode.wasm b/bin/fuel-core/chainspec/local-testnet/state_transition_bytecode.wasm
index 9907ada7564..43a4a3402c6 100755
Binary files a/bin/fuel-core/chainspec/local-testnet/state_transition_bytecode.wasm and b/bin/fuel-core/chainspec/local-testnet/state_transition_bytecode.wasm differ
diff --git a/crates/chain-config/src/config/snapshots/fuel_core_chain_config__config__chain__tests__snapshot_local_testnet_config.snap b/crates/chain-config/src/config/snapshots/fuel_core_chain_config__config__chain__tests__snapshot_local_testnet_config.snap
index 74839ff5df8..532eb750faf 100644
--- a/crates/chain-config/src/config/snapshots/fuel_core_chain_config__config__chain__tests__snapshot_local_testnet_config.snap
+++ b/crates/chain-config/src/config/snapshots/fuel_core_chain_config__config__chain__tests__snapshot_local_testnet_config.snap
@@ -283,7 +283,7 @@ expression: json
       "privileged_address": "0000000000000000000000000000000000000000000000000000000000000000"
     }
   },
-  "genesis_state_transition_version": 4,
+  "genesis_state_transition_version": 5,
   "consensus": {
     "PoA": {
       "signing_key": "22ec92c3105c942a6640bdc4e4907286ec4728e8cfc0d8ac59aad4d8e1ccaefb"
diff --git a/crates/services/upgradable-executor/src/executor.rs b/crates/services/upgradable-executor/src/executor.rs
index 12acb9489c5..f6493958205 100644
--- a/crates/services/upgradable-executor/src/executor.rs
+++ b/crates/services/upgradable-executor/src/executor.rs
@@ -135,7 +135,8 @@ impl<S, R> Executor<S, R> {
         ("0-27-0", 1),
         ("0-28-0", 2),
         ("0-29-0", 3),
-        ("0-30-0", LATEST_STATE_TRANSITION_VERSION),
+        ("0-30-0", 4),
+        ("0-31-0", LATEST_STATE_TRANSITION_VERSION),
     ];
 
     pub fn new(
diff --git a/crates/types/src/blockchain/header.rs b/crates/types/src/blockchain/header.rs
index 543ef5a08cf..861cda181da 100644
--- a/crates/types/src/blockchain/header.rs
+++ b/crates/types/src/blockchain/header.rs
@@ -163,7 +163,7 @@ pub type ConsensusParametersVersion = u32;
 pub type StateTransitionBytecodeVersion = u32;
 
 /// The latest version of the state transition bytecode.
-pub const LATEST_STATE_TRANSITION_VERSION: StateTransitionBytecodeVersion = 4;
+pub const LATEST_STATE_TRANSITION_VERSION: StateTransitionBytecodeVersion = 5;
 
 #[derive(Copy, Clone, Debug, PartialEq, Eq)]
 #[cfg_attr(feature = "serde", derive(serde::Serialize, serde::Deserialize))]