3.1 introduced a new CanvasItemMaterial resource where things like blend_mode and particle animation properties have been moved. This resource should now be created in the inspector, and can be shared between instances.
The existing documentation needs to be updated to properly describe this.
CC @JFonS
It took me quite some time searching around how to set up 2D Particles with textures that contain multiple frames of animation.
Posting this mini-guide here, in case some of the info gets used for the final documentation. It might not be the best place, in which case i'm sorry, and feel free to remove the comment.
As described by OP in https://github.com/godotengine/godot/issues/24387 , the H and V Frame properties were moved to the CanvasItemMaterial resource.
Using https://godotengine.org/qa/13551/animated-texture-particle2d-probably-but-checking-anyway and https://www.youtube.com/watch?v=lrLrbEVlUvY as reference the steps to setting up animated particles are:
Hey!
First of all I'd like to emphasize how I greatly appreciate the work everyone's been doing to write the docs, since they are really well written, but for this particular feature, I'd like to add my feedback, first of all it was very hard to find this thread, I'm currently learning and I think people like me who are following outdated guides on the internet on how to do this should be able to easily find.
Secondly, I think the UI isn't very intuitive either, in my build this is how it looks:

By default that toolbar is too small and the wording is a bit too long on it to properly see that is saying V and H frames.
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It took me quite some time searching around how to set up 2D Particles with textures that contain multiple frames of animation.
Posting this mini-guide here, in case some of the info gets used for the final documentation. It might not be the best place, in which case i'm sorry, and feel free to remove the comment.
As described by OP in https://github.com/godotengine/godot/issues/24387 , the H and V Frame properties were moved to the CanvasItemMaterial resource.
Using https://godotengine.org/qa/13551/animated-texture-particle2d-probably-but-checking-anyway and https://www.youtube.com/watch?v=lrLrbEVlUvY as reference the steps to setting up animated particles are: