diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4171242f9d9..aafa5ef067df 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -39,6 +39,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 ### Improvements
 
 * (store) [\#10026](https://github.com/cosmos/cosmos-sdk/pull/10026) Improve CacheKVStore datastructures / algorithms, to no longer take O(N^2) time when interleaving iterators and insertions.
+* (store) [\#10040](https://github.com/cosmos/cosmos-sdk/pull/10040) Bump IAVL to v0.17.1 which includes performance improvements on a batch load.
 
 ### Bug Fixes
 
diff --git a/go.mod b/go.mod
index e39b694d2c76..dcae062fd368 100644
--- a/go.mod
+++ b/go.mod
@@ -11,7 +11,7 @@ require (
 	github.com/btcsuite/btcutil v1.0.2
 	github.com/confio/ics23/go v0.6.6
 	github.com/cosmos/go-bip39 v1.0.0
-	github.com/cosmos/iavl v0.16.0
+	github.com/cosmos/iavl v0.17.1
 	github.com/cosmos/ledger-cosmos-go v0.11.1
 	github.com/dgraph-io/ristretto v0.0.3 // indirect
 	github.com/dgryski/go-farm v0.0.0-20200201041132-a6ae2369ad13 // indirect
@@ -52,7 +52,7 @@ require (
 	github.com/tendermint/tm-db v0.6.4
 	golang.org/x/crypto v0.0.0-20201221181555-eec23a3978ad
 	google.golang.org/genproto v0.0.0-20210114201628-6edceaf6022f
-	google.golang.org/grpc v1.37.0
+	google.golang.org/grpc v1.40.0
 	google.golang.org/protobuf v1.26.0
 	gopkg.in/ini.v1 v1.61.0 // indirect
 	gopkg.in/yaml.v2 v2.4.0
diff --git a/go.sum b/go.sum
index 558eeb5c6041..b48ef0649559 100644
--- a/go.sum
+++ b/go.sum
@@ -123,8 +123,8 @@ github.com/cosmos/go-bip39 v1.0.0/go.mod h1:RNJv0H/pOIVgxw6KS7QeX2a0Uo0aKUlfhZ4x
 github.com/cosmos/iavl v0.15.0-rc3.0.20201009144442-230e9bdf52cd/go.mod h1:3xOIaNNX19p0QrX0VqWa6voPRoJRGGYtny+DH8NEPvE=
 github.com/cosmos/iavl v0.15.0-rc5/go.mod h1:WqoPL9yPTQ85QBMT45OOUzPxG/U/JcJoN7uMjgxke/I=
 github.com/cosmos/iavl v0.15.3/go.mod h1:OLjQiAQ4fGD2KDZooyJG9yz+p2ao2IAYSbke8mVvSA4=
-github.com/cosmos/iavl v0.16.0 h1:ICIOB8xysirTX27GmVAaoeSpeozzgSu9d49w36xkVJA=
-github.com/cosmos/iavl v0.16.0/go.mod h1:2A8O/Jz9YwtjqXMO0CjnnbTYEEaovE8jWcwrakH3PoE=
+github.com/cosmos/iavl v0.17.1 h1:b/Cl8h1PRMvsu24+TYNlKchIu7W6tmxIBGe6E9u2Ybw=
+github.com/cosmos/iavl v0.17.1/go.mod h1:7aisPZK8yCpQdy3PMvKeO+bhq1NwDjUwjzxwwROUxFk=
 github.com/cosmos/keyring v1.1.7-0.20210622111912-ef00f8ac3d76 h1:DdzS1m6o/pCqeZ8VOAit/gyATedRgjvkVI+UCrLpyuU=
 github.com/cosmos/keyring v1.1.7-0.20210622111912-ef00f8ac3d76/go.mod h1:0mkLWIoZuQ7uBoospo5Q9zIpqq6rYCPJDSUdeCJvPM8=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=
@@ -616,7 +616,6 @@ github.com/tendermint/go-amino v0.16.0/go.mod h1:TQU0M1i/ImAo+tYpZi73AU3V/dKeCoM
 github.com/tendermint/tendermint v0.34.0-rc4/go.mod h1:yotsojf2C1QBOw4dZrTcxbyxmPUrT4hNuOQWX9XUwB4=
 github.com/tendermint/tendermint v0.34.0-rc6/go.mod h1:ugzyZO5foutZImv0Iyx/gOFCX6mjJTgbLHTwi17VDVg=
 github.com/tendermint/tendermint v0.34.0/go.mod h1:Aj3PIipBFSNO21r+Lq3TtzQ+uKESxkbA3yo/INM4QwQ=
-github.com/tendermint/tendermint v0.34.10/go.mod h1:aeHL7alPh4uTBIJQ8mgFEE8VwJLXI1VD3rVOmH2Mcy0=
 github.com/tendermint/tendermint v0.34.13 h1:fu+tsHudbOr5PvepjH0q47Jae59hQAvn3IqAHv2EbC8=
 github.com/tendermint/tendermint v0.34.13/go.mod h1:6RVVRBqwtKhA+H59APKumO+B7Nye4QXSFc6+TYxAxCI=
 github.com/tendermint/tm-db v0.6.2/go.mod h1:GYtQ67SUvATOcoY8/+x6ylk8Qo02BQyLrAs+yAcLvGI=