diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4b190f6c..e6bb897a7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -99,7 +99,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Bump `github.com/gin-gonic/gin` from 1.8.1 to 1.9.1 (#1409)
 - Bump `github.com/spf13/viper` from 1.15.0 to 1.16.0 (#1436)
 - Bump `github.com/prometheus/client_golang` from 1.15.1 to 1.16.0 (#1431)
-- Bump `github.com/cosmos/ibc-go/v7` from 7.1.0 to 7.2.0 (#1445)
+- Bump `github.com/cosmos/ibc-go/v7` from 7.1.0 to 7.3.0 (#1445, [#1562](https://github.com/NibiruChain/nibiru/pull/1562))
 - Bump `bufbuild/buf-setup-action` from 1.21.0 to 1.26.1 (#1449, #1469, #1505, #1510, [#1537](https://github.com/NibiruChain/nibiru/pull/1537), [#1540](https://github.com/NibiruChain/nibiru/pull/1540), [#1544](https://github.com/NibiruChain/nibiru/pull/1544))
 - Bump `google.golang.org/protobuf` from 1.30.0 to 1.31.0 (#1450)
 - Bump `cosmossdk.io/errors` from 1.0.0-beta.7 to 1.0.0 (#1499)
@@ -639,4 +639,4 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Testing
 
 * [#695](https://github.com/NibiruChain/nibiru/pull/695) Add `OpenPosition` integration tests.
-* [#692](https://github.com/NibiruChain/nibiru/pull/692) Add test coverage for Perp MsgServer methods.
+* [#692](https://github.com/NibiruChain/nibiru/pull/692) Add test coverage for Perp MsgServer methods.
\ No newline at end of file
diff --git a/go.mod b/go.mod
index d0b633c07..9a3042ef0 100644
--- a/go.mod
+++ b/go.mod
@@ -15,7 +15,7 @@ require (
 	github.com/cosmos/cosmos-sdk v0.47.4
 	github.com/cosmos/go-bip39 v1.0.0
 	github.com/cosmos/gogoproto v1.4.10
-	github.com/cosmos/ibc-go/v7 v7.2.0
+	github.com/cosmos/ibc-go/v7 v7.3.0
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/mock v1.6.0
 	github.com/golang/protobuf v1.5.3
diff --git a/go.sum b/go.sum
index 5cb14b2f8..8b188b7ae 100644
--- a/go.sum
+++ b/go.sum
@@ -400,8 +400,8 @@ github.com/cosmos/gogoproto v1.4.10 h1:QH/yT8X+c0F4ZDacDv3z+xE3WU1P1Z3wQoLMBRJoK
 github.com/cosmos/gogoproto v1.4.10/go.mod h1:3aAZzeRWpAwr+SS/LLkICX2/kDFyaYVzckBDzygIxek=
 github.com/cosmos/iavl v0.20.0 h1:fTVznVlepH0KK8NyKq8w+U7c2L6jofa27aFX6YGlm38=
 github.com/cosmos/iavl v0.20.0/go.mod h1:WO7FyvaZJoH65+HFOsDir7xU9FWk2w9cHXNW1XHcl7A=
-github.com/cosmos/ibc-go/v7 v7.2.0 h1:dx0DLUl7rxdyZ8NiT6UsrbzKOJx/w7s+BOaewFRH6cg=
-github.com/cosmos/ibc-go/v7 v7.2.0/go.mod h1:OOcjKIRku/j1Xs1RgKK0yvKRrJ5iFuZYMetR1n3yMlc=
+github.com/cosmos/ibc-go/v7 v7.3.0 h1:QtGeVMi/3JeLWuvEuC60sBHpAF40Oenx/y+bP8+wRRw=
+github.com/cosmos/ibc-go/v7 v7.3.0/go.mod h1:mUmaHFXpXrEdcxfdXyau+utZf14pGKVUiXwYftRZZfQ=
 github.com/cosmos/ics23/go v0.10.0 h1:iXqLLgp2Lp+EdpIuwXTYIQU+AiHj9mOC2X9ab++bZDM=
 github.com/cosmos/ics23/go v0.10.0/go.mod h1:ZfJSmng/TBNTBkFemHHHj5YY7VAU/MBU980F4VU1NG0=
 github.com/cosmos/ledger-cosmos-go v0.12.2 h1:/XYaBlE2BJxtvpkHiBm97gFGSGmYGKunKyF3nNqAXZA=