diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index b08cc4ffad..bc7e4aaee4 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.15.2"
+  ".": "0.16.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b01155974d..ff2a7da3d2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## [0.16.0](https://github.com/fluencelabs/nox/compare/nox-v0.15.2...nox-v0.16.0) (2023-10-30)
+
+
+### ⚠ BREAKING CHANGES
+
+* **deps:** update avm
+
+### Features
+
+* **deps:** update avm ([cc7c535](https://github.com/fluencelabs/nox/commit/cc7c535f0a422db754e22a809d112b9ddc1b3940))
+
+
+### Bug Fixes
+
+* **metrics:** measure call time and wait time separately ([#1858](https://github.com/fluencelabs/nox/issues/1858)) ([73bab7e](https://github.com/fluencelabs/nox/commit/73bab7ebc76d623c3e8304e6e68925a9163a0ecb))
+* **system-services:** refactor deployer + fix [NET-586] ([#1859](https://github.com/fluencelabs/nox/issues/1859)) ([78b0a46](https://github.com/fluencelabs/nox/commit/78b0a46241cec8dd4767f9f46d4e800b0a3a62a1))
+
 ## [0.15.2](https://github.com/fluencelabs/nox/compare/nox-v0.15.1...nox-v0.15.2) (2023-10-29)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index 9b38b9cf04..ec3bea9018 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4446,7 +4446,7 @@ version = "0.1.0"
 
 [[package]]
 name = "nox"
-version = "0.15.2"
+version = "0.16.0"
 dependencies = [
  "air-interpreter-fs",
  "air-interpreter-wasm",
diff --git a/nox/Cargo.toml b/nox/Cargo.toml
index 563da6957e..53d25307d1 100644
--- a/nox/Cargo.toml
+++ b/nox/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "nox"
-version = "0.15.2"
+version = "0.16.0"
 authors = ["Fluence Labs"]
 description = "Node implementing peer functionality in the Fluence p2p network"
 edition = "2021"