diff --git a/libp2p/identity/identify/protocol.py b/libp2p/identity/identify/protocol.py
index bb3bd9d6..26d36f84 100644
--- a/libp2p/identity/identify/protocol.py
+++ b/libp2p/identity/identify/protocol.py
@@ -15,16 +15,22 @@ from libp2p.custom_types import (
 from libp2p.network.stream.exceptions import (
     StreamClosed,
 )
+from libp2p.network.stream.net_stream_interface import (
+    INetStream,
+)
+from libp2p.utils import (
+    get_agent_version,
+)
 
 from .pb.identify_pb2 import (
     Identify,
 )
 
+logger = logging.getLogger("libp2p.identity.identify")
+
 ID = TProtocol("/ipfs/id/1.0.0")
 PROTOCOL_VERSION = "ipfs/0.1.0"
-# TODO dynamically generate the agent version
-AGENT_VERSION = "py-libp2p/alpha"
-logger = logging.getLogger("libp2p.identity.identify")
+AGENT_VERSION = get_agent_version()
 
 
 def _multiaddr_to_bytes(maddr: Multiaddr) -> bytes:
diff --git a/libp2p/utils.py b/libp2p/utils.py
index 45111c23..b2c91eb5 100644
--- a/libp2p/utils.py
+++ b/libp2p/utils.py
@@ -1,4 +1,8 @@
+from importlib.metadata import (
+    version,
+)
 import itertools
+import logging
 import math
 
 from libp2p.exceptions import (
@@ -12,6 +16,8 @@ from .io.utils import (
     read_exactly,
 )
 
+logger = logging.getLogger("libp2p.utils")
+
 # Unsigned LEB128(varint codec)
 # Reference: https://github.com/ethereum/py-wasm/blob/master/wasm/parsers/leb128.py
 
@@ -84,3 +90,19 @@ async def read_delim(reader: Reader) -> bytes:
             f'`msg_bytes` is not delimited by b"\\n": `msg_bytes`={msg_bytes!r}'
         )
     return msg_bytes[:-1]
+
+
+def get_agent_version() -> str:
+    """
+    Return the version of libp2p.
+
+    If the version cannot be determined due to an exception, return "py-libp2p/unknown".
+
+    :return: The version of libp2p.
+    :rtype: str
+    """
+    try:
+        return f"py-libp2p/{version('libp2p')}"
+    except Exception as e:
+        logger.warning("Could not fetch libp2p version: %s", e)
+        return "py-libp2p/unknown"
diff --git a/tests/core/identity/identify/test_protocol.py b/tests/core/identity/identify/test_protocol.py
index a6f07320..fd22c8a5 100644
--- a/tests/core/identity/identify/test_protocol.py
+++ b/tests/core/identity/identify/test_protocol.py
@@ -4,8 +4,11 @@ from libp2p.identity.identify.pb.identify_pb2 import (
     Identify,
 )
 from libp2p.identity.identify.protocol import (
+    AGENT_VERSION,
     ID,
+    PROTOCOL_VERSION,
     _mk_identify_protobuf,
+    _multiaddr_to_bytes,
 )
 from tests.factories import (
     host_pair_factory,
@@ -24,4 +27,26 @@ async def test_identify_protocol(security_protocol):
 
         identify_response = Identify()
         identify_response.ParseFromString(response)
+
+        # sanity check
         assert identify_response == _mk_identify_protobuf(host_a)
+
+        # Check protocol version
+        assert identify_response.protocol_version == PROTOCOL_VERSION
+
+        # Check agent version
+        assert identify_response.agent_version == AGENT_VERSION
+
+        # Check public key
+        assert identify_response.public_key == host_a.get_public_key().serialize()
+
+        # Check listen addresses
+        assert identify_response.listen_addrs == list(
+            map(_multiaddr_to_bytes, host_a.get_addrs())
+        )
+
+        # TODO: Check observed address
+        # assert identify_response.observed_addr == host_b.get_addrs()[0]
+
+        # Check protocols
+        assert set(identify_response.protocols) == set(host_a.get_mux().get_protocols())