diff --git a/tests/shared/src/test/scala/zio/schema/DynamicValueGen.scala b/tests/shared/src/test/scala/zio/schema/DynamicValueGen.scala
index 0a311fae7..4b98751fa 100644
--- a/tests/shared/src/test/scala/zio/schema/DynamicValueGen.scala
+++ b/tests/shared/src/test/scala/zio/schema/DynamicValueGen.scala
@@ -45,6 +45,31 @@ object DynamicValueGen {
     }
   }
 
+  // Method to generate arbitrary DynamicValue
+  def anyDynamicValue: Gen[Sized, DynamicValue] =
+    Gen.oneOf(
+      anyPrimitiveDynamicValue(StandardType.StringType),
+      anyPrimitiveDynamicValue(StandardType.IntType),
+      anyPrimitiveDynamicValue(StandardType.BoolType),
+      anyPrimitiveDynamicValue(StandardType.DoubleType),
+      anyPrimitiveDynamicValue(StandardType.UUIDType),
+      anyPrimitiveDynamicValue(StandardType.LocalDateType),
+      anyPrimitiveDynamicValue(StandardType.LocalDateTimeType),
+      anyPrimitiveDynamicValue(StandardType.LocalTimeType),
+      anyPrimitiveDynamicValue(StandardType.InstantType),
+      anyPrimitiveDynamicValue(StandardType.DurationType),
+      anyPrimitiveDynamicValue(StandardType.ZoneIdType),
+      anyPrimitiveDynamicValue(StandardType.ZoneOffsetType),
+      anyPrimitiveDynamicValue(StandardType.ZonedDateTimeType),
+      anyPrimitiveDynamicValue(StandardType.YearType),
+      anyPrimitiveDynamicValue(StandardType.YearMonthType),
+      anyPrimitiveDynamicValue(StandardType.MonthType),
+      anyPrimitiveDynamicValue(StandardType.MonthDayType),
+      anyPrimitiveDynamicValue(StandardType.DayOfWeekType),
+      anyPrimitiveDynamicValue(StandardType.BigDecimalType),
+      anyPrimitiveDynamicValue(StandardType.BigIntegerType)
+    )
+
   //scalafmt: { maxColumn = 400 }
   def anyDynamicValueOfSchema[A](schema: Schema[A]): Gen[Sized, DynamicValue] =
     schema match {
diff --git a/tests/shared/src/test/scala/zio/schema/DynamicValueSpec.scala b/tests/shared/src/test/scala/zio/schema/DynamicValueSpec.scala
index 26f91be2d..a4f6df7b2 100644
--- a/tests/shared/src/test/scala/zio/schema/DynamicValueSpec.scala
+++ b/tests/shared/src/test/scala/zio/schema/DynamicValueSpec.scala
@@ -100,6 +100,22 @@ object DynamicValueSpec extends ZIOSpecDefault {
             assertTrue(json2 == Right(json))
           }
         } @@ TestAspect.size(250) @@ TestAspect.ignore
+      ),
+      suite("hashCode and equality consistency")(
+        test("hashCode does not change") {
+          check(DynamicValueGen.anyDynamicValue) { dynamicValue =>
+            val hash1 = dynamicValue.hashCode()
+            val hash2 = dynamicValue.hashCode()
+            assert(hash1)(equalTo(hash2))
+          }
+        },
+        test("equivalent DynamicValues have same hashCode and equality") {
+          check(DynamicValueGen.anyDynamicValue) { dynamicValue =>
+            val dynamicValueCopy = dynamicValue
+            assert(dynamicValue.hashCode())(equalTo(dynamicValueCopy.hashCode())) &&
+            assert(dynamicValue)(equalTo(dynamicValueCopy))
+          }
+        }
       )
     )
 
@@ -114,5 +130,4 @@ object DynamicValueSpec extends ZIOSpecDefault {
     check(gen) { a =>
       assert(schema.fromDynamic(schema.toDynamic(a)))(isRight(equalTo(a)))
     }
-
 }
diff --git a/zio-schema/shared/src/main/scala/zio/schema/DynamicValue.scala b/zio-schema/shared/src/main/scala/zio/schema/DynamicValue.scala
index 75289f3e0..0414b3768 100644
--- a/zio-schema/shared/src/main/scala/zio/schema/DynamicValue.scala
+++ b/zio-schema/shared/src/main/scala/zio/schema/DynamicValue.scala
@@ -118,6 +118,59 @@ sealed trait DynamicValue {
       case _ =>
         Left(DecodeError.CastError(self, schema))
     }
+  override def hashCode(): Int = this match {
+    case DynamicValue.Primitive(value, standardType) => 31 * value.hashCode() + standardType.hashCode()
+    case DynamicValue.Record(id, values)             => 31 * id.hashCode() + values.hashCode()
+    case DynamicValue.Enumeration(id, value)         => 31 * id.hashCode() + value.hashCode()
+    case DynamicValue.Sequence(values)               => values.hashCode()
+    case DynamicValue.Dictionary(entries)            => entries.hashCode()
+    case DynamicValue.SetValue(values)               => values.hashCode()
+    case DynamicValue.SomeValue(value)               => value.hashCode()
+    case DynamicValue.NoneValue                      => 0
+    case DynamicValue.Tuple(left, right)             => 31 * left.hashCode() + right.hashCode()
+    case DynamicValue.LeftValue(value)               => value.hashCode()
+    case DynamicValue.RightValue(value)              => value.hashCode()
+    case DynamicValue.BothValue(left, right)         => 31 * left.hashCode() + right.hashCode()
+    case DynamicValue.DynamicAst(ast)                => ast.hashCode()
+    case DynamicValue.Error(message)                 => message.hashCode()
+    case DynamicValue.Singleton(instance)            => instance.hashCode()
+  }
+  override def equals(obj: Any): Boolean = obj match {
+    case that: DynamicValue if this eq that => true
+    case that: DynamicValue =>
+      (this, that) match {
+        case (DynamicValue.Primitive(value1, standardType1), DynamicValue.Primitive(value2, standardType2)) =>
+          value1 == value2 && standardType1 == standardType2
+        case (DynamicValue.Record(id1, values1), DynamicValue.Record(id2, values2)) =>
+          id1 == id2 && values1 == values2
+        case (DynamicValue.Enumeration(id1, value1), DynamicValue.Enumeration(id2, value2)) =>
+          id1 == id2 && value1 == value2
+        case (DynamicValue.Sequence(values1), DynamicValue.Sequence(values2)) =>
+          values1 == values2
+        case (DynamicValue.Dictionary(entries1), DynamicValue.Dictionary(entries2)) =>
+          entries1 == entries2
+        case (DynamicValue.SetValue(values1), DynamicValue.SetValue(values2)) =>
+          values1 == values2
+        case (DynamicValue.SomeValue(value1), DynamicValue.SomeValue(value2)) =>
+          value1 == value2
+        case (DynamicValue.Tuple(left1, right1), DynamicValue.Tuple(left2, right2)) =>
+          left1 == left2 && right1 == right2
+        case (DynamicValue.LeftValue(value1), DynamicValue.LeftValue(value2)) =>
+          value1 == value2
+        case (DynamicValue.RightValue(value1), DynamicValue.RightValue(value2)) =>
+          value1 == value2
+        case (DynamicValue.BothValue(left1, right1), DynamicValue.BothValue(left2, right2)) =>
+          left1 == left2 && right1 == right2
+        case (DynamicValue.DynamicAst(ast1), DynamicValue.DynamicAst(ast2)) =>
+          ast1 == ast2
+        case (DynamicValue.Error(message1), DynamicValue.Error(message2)) =>
+          message1 == message2
+        case (DynamicValue.Singleton(instance1), DynamicValue.Singleton(instance2)) =>
+          instance1 == instance2
+        case _ => false
+      }
+    case _ => false
+  }
 
 }