diff --git a/tracing/CHANGELOG.md b/tracing/CHANGELOG.md
index 8720d98ad5..04051d967b 100644
--- a/tracing/CHANGELOG.md
+++ b/tracing/CHANGELOG.md
@@ -1,3 +1,19 @@
+# 0.1.35 (June 7, 2022)
+
+This release reduces the overhead of callsite registration by using new
+`tracing-core` APIs.
+
+### Added
+
+- Use `DefaultCallsite` to reduce callsite registration overhead ([#2083])
+
+### Changed
+
+- `tracing-core`: updated to [0.1.27][core-0.1.27]
+
+[core-0.1.27]: https://github.com/tokio-rs/tracing/releases/tag/tracing-core-0.1.27
+[#2088]: https://github.com/tokio-rs/tracing/pull/2083
+
 # 0.1.34 (April 14, 2022)
 
 This release includes bug fixes for the "log" support feature and for the use of
diff --git a/tracing/Cargo.toml b/tracing/Cargo.toml
index 319b4eaab8..d32d34927b 100644
--- a/tracing/Cargo.toml
+++ b/tracing/Cargo.toml
@@ -8,7 +8,7 @@ name = "tracing"
 #   - README.md
 # - Update CHANGELOG.md.
 # - Create "v0.1.x" git tag
-version = "0.1.34"
+version = "0.1.35"
 authors = ["Eliza Weisman <eliza@buoyant.io>", "Tokio Contributors <team@tokio.rs>"]
 license = "MIT"
 readme = "README.md"
diff --git a/tracing/README.md b/tracing/README.md
index 6f1c07cc1f..5da141a3a5 100644
--- a/tracing/README.md
+++ b/tracing/README.md
@@ -16,9 +16,9 @@ Application-level tracing for Rust.
 [Documentation][docs-url] | [Chat][discord-url]
 
 [crates-badge]: https://img.shields.io/crates/v/tracing.svg
-[crates-url]: https://crates.io/crates/tracing/0.1.34
+[crates-url]: https://crates.io/crates/tracing/0.1.35
 [docs-badge]: https://docs.rs/tracing/badge.svg
-[docs-url]: https://docs.rs/tracing/0.1.34
+[docs-url]: https://docs.rs/tracing/0.1.35
 [docs-master-badge]: https://img.shields.io/badge/docs-master-blue
 [docs-master-url]: https://tracing-rs.netlify.com/tracing
 [mit-badge]: https://img.shields.io/badge/license-MIT-blue.svg
@@ -250,7 +250,7 @@ my_future
 is as long as the future's.
 
 The second, and preferred, option is through the
-[`#[instrument]`](https://docs.rs/tracing/0.1.34/tracing/attr.instrument.html)
+[`#[instrument]`](https://docs.rs/tracing/0.1.35/tracing/attr.instrument.html)
 attribute:
 
 ```rust
@@ -297,7 +297,7 @@ span.in_scope(|| {
 // Dropping the span will close it, indicating that it has ended.
 ```
 
-The [`#[instrument]`](https://docs.rs/tracing/0.1.34/tracing/attr.instrument.html) attribute macro
+The [`#[instrument]`](https://docs.rs/tracing/0.1.35/tracing/attr.instrument.html) attribute macro
 can reduce some of this boilerplate:
 
 ```rust
diff --git a/tracing/src/lib.rs b/tracing/src/lib.rs
index 65a4ebc951..4743eba207 100644
--- a/tracing/src/lib.rs
+++ b/tracing/src/lib.rs
@@ -809,7 +809,7 @@
 //!
 //!   ```toml
 //!   [dependencies]
-//!   tracing = { version = "0.1.34", default-features = false }
+//!   tracing = { version = "0.1.35", default-features = false }
 //!   ```
 //!
 //! <pre class="ignore" style="white-space:normal;font:inherit;">
@@ -892,7 +892,7 @@
 //! [flags]: #crate-feature-flags
 #![cfg_attr(not(feature = "std"), no_std)]
 #![cfg_attr(docsrs, feature(doc_cfg), deny(rustdoc::broken_intra_doc_links))]
-#![doc(html_root_url = "https://docs.rs/tracing/0.1.34")]
+#![doc(html_root_url = "https://docs.rs/tracing/0.1.35")]
 #![doc(
     html_logo_url = "https://raw.githubusercontent.com/tokio-rs/tracing/master/assets/logo-type.png",
     issue_tracker_base_url = "https://github.com/tokio-rs/tracing/issues/"