diff --git a/v2ray-core/Makefile b/v2ray-core/Makefile
index 4b7cfb71a..be0c793de 100644
--- a/v2ray-core/Makefile
+++ b/v2ray-core/Makefile
@@ -9,12 +9,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=v2ray-core
-PKG_VERSION:=4.34.0
+PKG_VERSION:=4.35.1
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://github.com/v2fly/v2ray-core/archive/v$(PKG_VERSION)
-PKG_HASH:=b250f569cb0369f394f63184e748f1df0c90500feb8a1bf2276257c4c8b81bee
+PKG_HASH:=ef469a99c7db8596f8556478b478e2701ce2783af9affb7f3cb28201718e7d35
 
 PKG_LICENSE:=MIT
 PKG_LICENSE_FILES:=LICENSE