diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index af55ef0..0ee8c01 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.2.1"
+  ".": "0.3.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 10a633e..a184bea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,27 @@
 # Changelog
 
+## [0.3.0](https://github.com/matter-labs/vm2/compare/v0.2.1...v0.3.0) (2025-01-27)
+
+
+### ⚠ BREAKING CHANGES
+
+* Remove EVM emulator gas stipend ([#82](https://github.com/matter-labs/vm2/issues/82))
+* Revise VM storage interface ([#73](https://github.com/matter-labs/vm2/issues/73))
+
+### Features
+
+* Allow customizing precompiles logic ([#79](https://github.com/matter-labs/vm2/issues/79)) ([3841f5a](https://github.com/matter-labs/vm2/commit/3841f5a430288a63c8207853eca11560bf7a5712))
+* allow tracers to stop/suspend execution ([#78](https://github.com/matter-labs/vm2/issues/78)) ([457d8a7](https://github.com/matter-labs/vm2/commit/457d8a7eea9093af9440662e33e598c13ba41633))
+* expose storage to tracers ([#77](https://github.com/matter-labs/vm2/issues/77)) ([df5bec3](https://github.com/matter-labs/vm2/commit/df5bec3d04d64d434f9b0ccb285ba4681008f7b3))
+
+
+### Bug Fixes
+
+* **ci:** Update github-hosted runner label ([#80](https://github.com/matter-labs/vm2/issues/80)) ([70a6e30](https://github.com/matter-labs/vm2/commit/70a6e301b12d98db13fd91f67a505441c0defe9a))
+* failing far call tracing ([#81](https://github.com/matter-labs/vm2/issues/81)) ([5df8c33](https://github.com/matter-labs/vm2/commit/5df8c33f8a1f7bf25724554fea959ea3731550b7))
+* Remove EVM emulator gas stipend ([#82](https://github.com/matter-labs/vm2/issues/82)) ([bf63339](https://github.com/matter-labs/vm2/commit/bf63339292c8847a81a9d85c5cebda7822f62be4))
+* Revise VM storage interface ([#73](https://github.com/matter-labs/vm2/issues/73)) ([a233d44](https://github.com/matter-labs/vm2/commit/a233d44bbe61dc6a758a754c3b78fe4f83e56699))
+
 ## [0.2.1](https://github.com/matter-labs/vm2/compare/v0.2.0...v0.2.1) (2024-09-25)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index 0a10906..1d1688a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1465,7 +1465,7 @@ dependencies = [
 
 [[package]]
 name = "zksync_vm2"
-version = "0.2.1"
+version = "0.3.0"
 dependencies = [
  "anyhow",
  "arbitrary",
@@ -1481,7 +1481,7 @@ dependencies = [
 
 [[package]]
 name = "zksync_vm2_afl_fuzz"
-version = "0.2.1"
+version = "0.3.0"
 dependencies = [
  "afl",
  "arbitrary",
@@ -1493,7 +1493,7 @@ dependencies = [
 
 [[package]]
 name = "zksync_vm2_interface"
-version = "0.2.1"
+version = "0.3.0"
 dependencies = [
  "primitive-types",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 7f3c8fb..3e3a673 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -9,7 +9,7 @@ members = [
 resolver = "2"
 
 [workspace.package]
-version = "0.2.1"
+version = "0.3.0"
 edition = "2021"
 authors = ["The Matter Labs Team <hello@matterlabs.dev>"]
 homepage = "https://zksync.io/"
@@ -35,8 +35,8 @@ zk_evm_abstractions = "0.150.0"
 zk_evm = "0.150.5"
 
 # Dependencies within the workspace
-zksync_vm2_interface = { version = "0.2.1", path = "crates/vm2-interface" }
-zksync_vm2 = { version = "0.2.1", path = "crates/vm2" }
+zksync_vm2_interface = { version = "0.3.0", path = "crates/vm2-interface" }
+zksync_vm2 = { version = "0.3.0", path = "crates/vm2" }
 
 [workspace.lints.rust]
 missing_docs = "warn"