Rust has been updated to version 1.34 today by Facepunch Studios. You can get the complete patch notes for this update from here.
The official patch notes mention that this fix is related to various skin textures and related issues for the game. There are no major content updates as part of this patch so it shouldn’t require a large download on consoles. Take a look at what has been fixed in this update with the patch notes shared below.
Rust Update 1.34 Patch Notes
Hello survivors! Update 1.34 is required to fix some skin textures related issues, so there will be no patch notes this time. More crash and bug fixes will come in future updates!