diff --git a/pkgs/by-name/v2/v2ray/package.nix b/pkgs/by-name/v2/v2ray/package.nix
index 34ce771f0317..f053e92d2dbe 100644
--- a/pkgs/by-name/v2/v2ray/package.nix
+++ b/pkgs/by-name/v2/v2ray/package.nix
@@ -16,18 +16,18 @@
 
 buildGoModule (finalAttrs: {
   pname = "v2ray-core";
-  version = "5.47.0";
+  version = "5.48.0";
 
   src = fetchFromGitHub {
     owner = "v2fly";
     repo = "v2ray-core";
     rev = "v${finalAttrs.version}";
-    hash = "sha256-vIBzBqOi59G3LAYgioiYFFXPMlOOuVBn9Ncc7AtRedE=";
+    hash = "sha256-MPJffUx9RHC7h3H7wzIUQkZ55Lj25pB3z8uMStZwrSs=";
   };
 
   # `nix-update` doesn't support `vendorHash` yet.
   # https://github.com/Mic92/nix-update/pull/95
-  vendorHash = "sha256-ZI3kUatdBBz1iaA8cNdzGFTscMxCTbobFHRxzdTaBxU=";
+  vendorHash = "sha256-dHEXhXB/KI3upttmsyT9mNZPCIgFjjKVC8uAEjngAfc=";
 
   ldflags = [
     "-s"