diff --git a/CHANGELOG.md b/CHANGELOG.md
index faa76deac8..c6a84adc0c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,7 @@
 - [#1207](https://github.com/crypto-org-chain/cronos/pull/1207) Update rocksdb to `v8.6.7`.
 - [#1240](https://github.com/crypto-org-chain/cronos/pull/1240) Revert rocksdb upgrade.
 - [#1239](https://github.com/crypto-org-chain/cronos/pull/1239) Refactor websocket/subscription system to improve performance and stability.
+- [#1246](https://github.com/crypto-org-chain/cronos/pull/1246) Update memiavl deps to include bug fixes and state sync restore performance improvement.
 
 *Aug 11, 2023*
 
diff --git a/go.mod b/go.mod
index 39e320f7e0..a962229656 100644
--- a/go.mod
+++ b/go.mod
@@ -8,8 +8,8 @@ require (
 	github.com/armon/go-metrics v0.4.1
 	github.com/cosmos/cosmos-sdk v0.46.15-0.20230807104542-537257060180
 	github.com/cosmos/ibc-go/v5 v5.2.1
-	github.com/crypto-org-chain/cronos/store v0.0.4
-	github.com/crypto-org-chain/cronos/versiondb v0.0.0-20230809065519-af389f66015a
+	github.com/crypto-org-chain/cronos/store v0.0.5
+	github.com/crypto-org-chain/cronos/versiondb v0.0.0-20231115070216-b0af3db7b932
 	github.com/ethereum/go-ethereum v1.10.26
 	github.com/evmos/ethermint v0.0.0-00010101000000-000000000000
 	github.com/gogo/protobuf v1.3.3
@@ -77,7 +77,7 @@ require (
 	github.com/cosmos/iavl v0.19.6 // indirect
 	github.com/cosmos/ledger-cosmos-go v0.12.2 // indirect
 	github.com/creachadair/taskgroup v0.3.2 // indirect
-	github.com/crypto-org-chain/cronos/memiavl v0.0.4 // indirect
+	github.com/crypto-org-chain/cronos/memiavl v0.0.5 // indirect
 	github.com/danieljoos/wincred v1.1.2 // indirect
 	github.com/davecgh/go-spew v1.1.1 // indirect
 	github.com/deckarep/golang-set v1.8.0 // indirect
diff --git a/go.sum b/go.sum
index 3efc90ce36..5dbe41b883 100644
--- a/go.sum
+++ b/go.sum
@@ -1262,12 +1262,12 @@ github.com/creack/pty v1.1.11/go.mod h1:oKZEueFk5CKHvIhNR5MUki03XCEU+Q6VDXinZuGJ
 github.com/cristalhq/acmd v0.8.1/go.mod h1:LG5oa43pE/BbxtfMoImHCQN++0Su7dzipdgBjMCBVDQ=
 github.com/crypto-org-chain/cometbft-db v0.0.0-20231011055109-57922ac52a63 h1:R1QJ9a3XdYMSKo+1RdFifxb/g3lNypC52L/rpYrWoKo=
 github.com/crypto-org-chain/cometbft-db v0.0.0-20231011055109-57922ac52a63/go.mod h1:rocwIfnS+kA060x64gkSIRvWB9StSppIkJuo5MWzL24=
-github.com/crypto-org-chain/cronos/memiavl v0.0.4 h1:ywuSjZhUjsenM3k0VD58ersWVgKTYBcUo6yK6/+Yfjs=
-github.com/crypto-org-chain/cronos/memiavl v0.0.4/go.mod h1:sCbJoEppeM3/7+Ox1heGlbVt+eWBcTmLb9UEjuotXIc=
-github.com/crypto-org-chain/cronos/store v0.0.4 h1:w3pv5XVLiHQ3f0Ir8MpFjZy8rrBOG5NG5JYBmO9/sL4=
-github.com/crypto-org-chain/cronos/store v0.0.4/go.mod h1:LVocDb5u3bTS1c5IWvjp0Mgn9iQ66Jt5N4osvizpkpY=
-github.com/crypto-org-chain/cronos/versiondb v0.0.0-20230809065519-af389f66015a h1:NUlWNavUQrx5V2YW2bwV64utaDrCf5eoK45vIgW2kWc=
-github.com/crypto-org-chain/cronos/versiondb v0.0.0-20230809065519-af389f66015a/go.mod h1:i9e8vrU54C/JvSM+rX/jUidFRBcyXZ8FgNX+EvrasQc=
+github.com/crypto-org-chain/cronos/memiavl v0.0.5 h1:Uwt1+7LGYuAem2Jrg2IQM7IqOmHbkgnia24a61joeA4=
+github.com/crypto-org-chain/cronos/memiavl v0.0.5/go.mod h1:sPIAu3w4KkWWTlN92GyLaB/qeMdszSYd6fF3r+p0C+A=
+github.com/crypto-org-chain/cronos/store v0.0.5 h1:Ll9FxohR4I3mJlng+w2m6X7iIqYejJ1jqLWww1VT8Qk=
+github.com/crypto-org-chain/cronos/store v0.0.5/go.mod h1:KC9cV7VK8BNIJySzztw2nWSqPqVGcffsumMl3sORPCM=
+github.com/crypto-org-chain/cronos/versiondb v0.0.0-20231115070216-b0af3db7b932 h1:t4TisWGxHLtmDeugl4KApCuxCplj/avwmlms7GFsJMk=
+github.com/crypto-org-chain/cronos/versiondb v0.0.0-20231115070216-b0af3db7b932/go.mod h1:i9e8vrU54C/JvSM+rX/jUidFRBcyXZ8FgNX+EvrasQc=
 github.com/crypto-org-chain/ethermint v0.20.11-cronos.0.20231114081059-0cd23d4cd4d6 h1:INlxFa0JW/j2xZfDqD2mRmpLW8OKq+LnsCNaOceLoQY=
 github.com/crypto-org-chain/ethermint v0.20.11-cronos.0.20231114081059-0cd23d4cd4d6/go.mod h1:EDjmywAw/EMpMufJA2Q+E9pNHAB00Dt5siQanMOZC88=
 github.com/crypto-org-chain/go-ethereum v1.10.19-deepcopy-jumptable h1:VQLW0R8t9DcC/HvQZO1i0mIWjJfAezhI8lLUCholP0M=
diff --git a/gomod2nix.toml b/gomod2nix.toml
index 833e7f733b..43dcbdd1e6 100644
--- a/gomod2nix.toml
+++ b/gomod2nix.toml
@@ -152,14 +152,14 @@ schema = 3
     version = "v0.3.2"
     hash = "sha256-Y261IO/d9xjV0UScqHvo31broxvnKn4IQQC9Mu6jNkE="
   [mod."github.com/crypto-org-chain/cronos/memiavl"]
-    version = "v0.0.4"
-    hash = "sha256-8hcapDUsTy4pvmTL7SMUGFlW7S2oGgWN1rXjJfEVq/I="
+    version = "v0.0.5"
+    hash = "sha256-4chV7TmG5Kw4Nac1s0kAcBk5UtyucP5HU5flijas3eg="
   [mod."github.com/crypto-org-chain/cronos/store"]
-    version = "v0.0.4"
-    hash = "sha256-wM7Ye8gMnAXsQTdOdg/x0Hu118U4dY6kvQ15dzPGu9A="
+    version = "v0.0.5"
+    hash = "sha256-L1g4acxQq0V/d6oY3GTixW5nSh+fKsapSbT/nXI4GJI="
   [mod."github.com/crypto-org-chain/cronos/versiondb"]
-    version = "v0.0.0-20230809065519-af389f66015a"
-    hash = "sha256-GFaIoluOc2TFZlLOwwYy7oKHX1dWk0QhvvP7iXsl2aw="
+    version = "v0.0.0-20231115070216-b0af3db7b932"
+    hash = "sha256-9bPXHiTF8+RZ75INmfXj1OyAGQykmYuFq3AC8L+Wb1s="
   [mod."github.com/danieljoos/wincred"]
     version = "v1.1.2"
     hash = "sha256-Nnklfg12vmWCOhELGyoRqEF4w4srp0WbPwreaChYLKs="