diff --git a/pkgs/development/python-modules/markdown/default.nix b/pkgs/development/python-modules/markdown/default.nix
index cf1170242375..87020cb9e10f 100644
--- a/pkgs/development/python-modules/markdown/default.nix
+++ b/pkgs/development/python-modules/markdown/default.nix
@@ -11,7 +11,7 @@
 
 buildPythonPackage rec {
   pname = "markdown";
-  version = "3.7";
+  version = "3.8";
   pyproject = true;
 
   disabled = pythonOlder "3.8";
@@ -20,7 +20,7 @@ buildPythonPackage rec {
     owner = "Python-Markdown";
     repo = "markdown";
     tag = version;
-    hash = "sha256-bIBen693MC56k4LZ+8vhbvP+E3myFXoaXpNHOlnIdG8=";
+    hash = "sha256-H1xvDM2ShiPbfcpW+XGrxCxtaRFVaquuMuGg1RhjeNA=";
   };
 
   build-system = [ setuptools ];
@@ -35,7 +35,7 @@ buildPythonPackage rec {
   pythonImportsCheck = [ "markdown" ];
 
   meta = with lib; {
-    changelog = "https://github.com/Python-Markdown/markdown/blob/${src.rev}/docs/changelog.md";
+    changelog = "https://github.com/Python-Markdown/markdown/blob/${src.tag}/docs/changelog.md";
     description = "Python implementation of John Gruber's Markdown";
     mainProgram = "markdown_py";
     homepage = "https://github.com/Python-Markdown/markdown";