diff --git a/README.md b/README.md
index 624c12837d..30bdfb31ab 100644
--- a/README.md
+++ b/README.md
@@ -31,7 +31,8 @@ The Subnet EVM runs in a separate process from the main AvalancheGo process and
 [v0.6.10] AvalancheGo@v1.11.11-v1.11.12 (Protocol Version: 37)
 [v0.6.11] AvalancheGo@v1.11.11-v1.11.12 (Protocol Version: 37)
 [v0.6.12] AvalancheGo@v1.11.13/v1.12.0 (Protocol Version: 38)
-[v0.7.0] AvalancheGo@v1.12.0 (Protocol Version: 38)
+[v0.7.0] AvalancheGo@v1.12.0-v1.12.1 (Protocol Version: 38)
+[v0.7.1] AvalancheGo@v1.12.0-v1.12.1 (Protocol Version: 38)
 ```
 
 ## API
diff --git a/compatibility.json b/compatibility.json
index ec56a217d2..435fda56ee 100644
--- a/compatibility.json
+++ b/compatibility.json
@@ -1,5 +1,6 @@
 {
   "rpcChainVMProtocolVersion": {
+    "v0.7.1": 38,
     "v0.7.0": 38,
     "v0.6.12": 38,
     "v0.6.11": 37,
diff --git a/plugin/evm/version.go b/plugin/evm/version.go
index c3387afeb5..158c6e1510 100644
--- a/plugin/evm/version.go
+++ b/plugin/evm/version.go
@@ -11,7 +11,7 @@ var (
 	// GitCommit is set by the build script
 	GitCommit string
 	// Version is the version of Subnet EVM
-	Version string = "v0.7.0"
+	Version string = "v0.7.1"
 )
 
 func init() {