diff --git a/Cargo.lock b/Cargo.lock
index 59b6d92bde5d..a870c0bd9d4c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -9400,9 +9400,9 @@ dependencies = [
 
 [[package]]
 name = "litep2p"
-version = "0.7.0"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d4ab2528b02b6dbbc3e6ec4b55ccde885647c622a315b7da45081ed2dfe4b813"
+checksum = "7286b1971f85d1d60be40ef49e81c1f3b5a0d8b83cfa02ab53591cdacae22901"
 dependencies = [
  "async-trait",
  "bs58",
diff --git a/Cargo.toml b/Cargo.toml
index f3042a8a3bdf..5f4d78ef3213 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -848,7 +848,7 @@ linked-hash-map = { version = "0.5.4" }
 linked_hash_set = { version = "0.1.4" }
 linregress = { version = "0.5.1" }
 lite-json = { version = "0.2.0", default-features = false }
-litep2p = { version = "0.7.0", features = ["websocket"] }
+litep2p = { version = "0.8.0", features = ["websocket"] }
 log = { version = "0.4.22", default-features = false }
 macro_magic = { version = "0.5.1" }
 maplit = { version = "1.0.2" }
diff --git a/prdoc/pr_6353.prdoc b/prdoc/pr_6353.prdoc
new file mode 100644
index 000000000000..8a5a152628a0
--- /dev/null
+++ b/prdoc/pr_6353.prdoc
@@ -0,0 +1,10 @@
+title: Update litep2p network backend to version 0.8.0
+
+doc:
+  - audience: [ Node Dev, Node Operator ]
+    description: |
+      Release 0.8.0 of litep2p includes several improvements and memory leak fixes enhancing the stability and performance of the litep2p network backend.
+
+crates:
+  - name: sc-network
+    bump: patch
diff --git a/substrate/client/network/src/litep2p/discovery.rs b/substrate/client/network/src/litep2p/discovery.rs
index 13cf8a4c6ee0..7b2e713dffd2 100644
--- a/substrate/client/network/src/litep2p/discovery.rs
+++ b/substrate/client/network/src/litep2p/discovery.rs
@@ -553,7 +553,7 @@ impl Stream for Discovery {
 
 				return Poll::Ready(Some(DiscoveryEvent::GetRecordSuccess { query_id, records }));
 			},
-			Poll::Ready(Some(KademliaEvent::PutRecordSucess { query_id, key: _ })) =>
+			Poll::Ready(Some(KademliaEvent::PutRecordSuccess { query_id, key: _ })) =>
 				return Poll::Ready(Some(DiscoveryEvent::PutRecordSuccess { query_id })),
 			Poll::Ready(Some(KademliaEvent::QueryFailed { query_id })) => {
 				match this.find_node_query_id == Some(query_id) {
@@ -576,6 +576,9 @@ impl Stream for Discovery {
 
 				return Poll::Ready(Some(DiscoveryEvent::IncomingRecord { record }))
 			},
+			// Content provider events are ignored for now.
+			Poll::Ready(Some(KademliaEvent::GetProvidersSuccess { .. })) |
+			Poll::Ready(Some(KademliaEvent::IncomingProvider { .. })) => {},
 		}
 
 		match Pin::new(&mut this.identify_event_stream).poll_next(cx) {