diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4a3fcb4b28a..b3d488963851 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -53,6 +53,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (types) [#24668](https://github.com/cosmos/cosmos-sdk/pull/24668) Scope the global config to a particular binary so that multiple SDK binaries can be properly run on the same machine.
 * (baseapp) [#24655](https://github.com/cosmos/cosmos-sdk/pull/24655) Add mutex locks for `state` and make `lastCommitInfo` atomic to prevent race conditions between `Commit` and `CreateQueryContext`.
 * (proto) [#24161](https://github.com/cosmos/cosmos-sdk/pull/24161) Remove unnecessary annotations from `x/staking` authz proto.
+* (baseapp) [#24608](https://github.com/cosmos/cosmos-sdk/pull/24608) Use a `PooledCacheMultiStore` in `cacheTxContext` to prevent allocating a new cache for every transaction.
 * (x/bank) [#24660](https://github.com/cosmos/cosmos-sdk/pull/24660) Improve performance of the `GetAllBalances` and `GetAccountsBalances` keeper methods.
 
 ### Bug Fixes
diff --git a/baseapp/baseapp.go b/baseapp/baseapp.go
index d13ba98b34c3..3ca16b0baf5a 100644
--- a/baseapp/baseapp.go
+++ b/baseapp/baseapp.go
@@ -632,7 +632,12 @@ func (app *BaseApp) getContextForTx(mode sdk.ExecMode, txBytes []byte) sdk.Conte
 // a branched multi-store.
 func (app *BaseApp) cacheTxContext(ctx sdk.Context, txBytes []byte) (sdk.Context, storetypes.CacheMultiStore) {
 	ms := ctx.MultiStore()
-	msCache := ms.CacheMultiStore()
+	var msCache storetypes.CacheMultiStore
+	if msPooled, ok := ms.(storetypes.PoolingMultiStore); ok {
+		msCache = msPooled.CacheMultiStorePooled()
+	} else {
+		msCache = ms.CacheMultiStore()
+	}
 	if msCache.TracingEnabled() {
 		msCache = msCache.SetTracingContext(
 			map[string]any{
@@ -847,6 +852,9 @@ func (app *BaseApp) runTx(mode sdk.ExecMode, txBytes []byte, tx sdk.Tx) (gInfo s
 		// writes do not happen if aborted/failed.  This may have some
 		// performance benefits, but it'll be more difficult to get right.
 		anteCtx, msCache = app.cacheTxContext(ctx, txBytes)
+		if pooledMSCache, ok := msCache.(storetypes.PooledCacheMultiStore); ok {
+			defer pooledMSCache.Release()
+		}
 		anteCtx = anteCtx.WithEventManager(sdk.NewEventManager())
 		newCtx, err := app.anteHandler(anteCtx, tx, mode == execModeSimulate)
 
@@ -897,6 +905,9 @@ func (app *BaseApp) runTx(mode sdk.ExecMode, txBytes []byte, tx sdk.Tx) (gInfo s
 	// in case message processing fails. At this point, the MultiStore
 	// is a branch of a branch.
 	runMsgCtx, msCache := app.cacheTxContext(ctx, txBytes)
+	if pooledMSCache, ok := msCache.(storetypes.PooledCacheMultiStore); ok {
+		defer pooledMSCache.Release()
+	}
 
 	// Attempt to execute all messages and only update state if all messages pass
 	// and we're in DeliverTx. Note, runMsgs will never return a reference to a
diff --git a/store/CHANGELOG.md b/store/CHANGELOG.md
index 0724a1e8ad1c..bdf987b1dfa4 100644
--- a/store/CHANGELOG.md
+++ b/store/CHANGELOG.md
@@ -25,6 +25,10 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [Unreleased]
 
+### Improvements
+
+* [#24608](https://github.com/cosmos/cosmos-sdk/pull/24608) Introduced pooled versions of cache stores to avoid allocating new caches.
+
 ### Bug Fixes
 
 * [#20425](https://github.com/cosmos/cosmos-sdk/pull/20425) Fix nil pointer panic when querying historical state where a new store does not exist.
diff --git a/store/cachekv/internal/btree.go b/store/cachekv/internal/btree.go
index 209f7e58c4dd..cf7592590857 100644
--- a/store/cachekv/internal/btree.go
+++ b/store/cachekv/internal/btree.go
@@ -36,6 +36,11 @@ func NewBTree() BTree {
 	}
 }
 
+// Clear resets the tree by setting the root node to nil, dropping all items.
+func (bt BTree) Clear() {
+	bt.tree.Clear()
+}
+
 func (bt BTree) Set(key, value []byte) {
 	bt.tree.Set(newItem(key, value))
 }
diff --git a/store/cachekv/store.go b/store/cachekv/store.go
index 17556642fbd2..17c1bb042270 100644
--- a/store/cachekv/store.go
+++ b/store/cachekv/store.go
@@ -32,7 +32,16 @@ type Store struct {
 	parent        types.KVStore
 }
 
-var _ types.CacheKVStore = (*Store)(nil)
+// PooledStore wraps a Store object and implements the types.PooledCacheKVStore interface,
+// which allows it to be pooled and reused without the overhead of allocation.
+type PooledStore struct {
+	Store
+}
+
+var (
+	_ types.CacheKVStore       = (*Store)(nil)
+	_ types.PooledCacheKVStore = (*PooledStore)(nil)
+)
 
 // NewStore creates a new Store object
 func NewStore(parent types.KVStore) *Store {
@@ -44,6 +53,37 @@ func NewStore(parent types.KVStore) *Store {
 	}
 }
 
+// storePool is a pool of PooledStore instances. It contains a set of objects
+// that can be reused instead of allocating new ones. It's thread safe.
+// Callers can use Get() to retrieve a store (or allocate a new one if none are available).
+// Callers should use Put() when done with the store to return it to the pool.
+var storePool = sync.Pool{
+	New: func() any {
+		return &PooledStore{
+			Store: Store{
+				cache:         make(map[string]*cValue),
+				unsortedCache: make(map[string]struct{}),
+				sortedCache:   internal.NewBTree(),
+			},
+		}
+	},
+}
+
+// Release releases the PooledStore object back to the pool.
+func (store *PooledStore) Release() {
+	store.resetCaches()
+	store.parent = nil
+	store.mtx = sync.Mutex{}
+	storePool.Put(store)
+}
+
+// NewPooledStore gets a PooledStore object from the pool.
+func NewPooledStore(parent types.KVStore) *PooledStore {
+	store := storePool.Get().(*PooledStore)
+	store.parent = parent
+	return store
+}
+
 // GetStoreType implements Store.
 func (store *Store) GetStoreType() types.StoreType {
 	return store.parent.GetStoreType()
@@ -112,7 +152,7 @@ func (store *Store) resetCaches() {
 			delete(store.unsortedCache, key)
 		}
 	}
-	store.sortedCache = internal.NewBTree()
+	store.sortedCache.Clear()
 }
 
 // Write implements Cachetypes.KVStore.
@@ -121,7 +161,7 @@ func (store *Store) Write() {
 	defer store.mtx.Unlock()
 
 	if len(store.cache) == 0 && len(store.unsortedCache) == 0 {
-		store.sortedCache = internal.NewBTree()
+		store.sortedCache.Clear()
 		return
 	}
 
diff --git a/store/cachemulti/store.go b/store/cachemulti/store.go
index e834f4a8591f..6eac7c3ccb9b 100644
--- a/store/cachemulti/store.go
+++ b/store/cachemulti/store.go
@@ -4,6 +4,7 @@ import (
 	"fmt"
 	"io"
 	"maps"
+	"sync"
 
 	dbm "github.com/cosmos/cosmos-db"
 
@@ -33,7 +34,16 @@ type Store struct {
 	traceContext types.TraceContext
 }
 
-var _ types.CacheMultiStore = Store{}
+// PooledStore is a wrapper around Store that implements the PooledCacheKVStore interface.
+// It's used to avoid allocating new Store instances .
+type PooledStore struct {
+	Store
+}
+
+var (
+	_ types.CacheMultiStore       = &Store{}
+	_ types.PooledCacheMultiStore = &PooledStore{}
+)
 
 // NewFromKVStore creates a new Store object from a mapping of store keys to
 // CacheWrapper objects and a KVStore as the database. Each CacheWrapper store
@@ -41,8 +51,8 @@ var _ types.CacheMultiStore = Store{}
 func NewFromKVStore(
 	store types.KVStore, stores map[types.StoreKey]types.CacheWrapper,
 	keys map[string]types.StoreKey, traceWriter io.Writer, traceContext types.TraceContext,
-) Store {
-	cms := Store{
+) *Store {
+	cms := &Store{
 		db:           cachekv.NewStore(store),
 		stores:       make(map[types.StoreKey]types.CacheWrap, len(stores)),
 		keys:         keys,
@@ -69,11 +79,71 @@ func NewFromKVStore(
 func NewStore(
 	db dbm.DB, stores map[types.StoreKey]types.CacheWrapper, keys map[string]types.StoreKey,
 	traceWriter io.Writer, traceContext types.TraceContext,
-) Store {
+) *Store {
 	return NewFromKVStore(dbadapter.Store{DB: db}, stores, keys, traceWriter, traceContext)
 }
 
-func newCacheMultiStoreFromCMS(cms Store) Store {
+// storePool is a pool of PooledStore instances. It contains a set of objects
+// that can be reused instead of allocating new ones. It's thread safe.
+// Callers can use Get() to retrieve a store (or allocate a new one if none are available).
+// Callers should use Put() when done with the store to return it to the pool.
+var storePool = sync.Pool{
+	New: func() any {
+		return &PooledStore{
+			Store: Store{
+				stores: make(map[types.StoreKey]types.CacheWrap),
+				keys:   make(map[string]types.StoreKey),
+			},
+		}
+	},
+}
+
+// newFromKVStorePooled returns a PooledStore object, populated with a mapping of store keys to
+// CacheWrapper objects and a KVStore as the database.
+func newFromKVStorePooled(
+	store types.KVStore, stores map[types.StoreKey]types.CacheWrap,
+	traceWriter io.Writer, traceContext types.TraceContext,
+) *PooledStore {
+	cms := storePool.Get().(*PooledStore)
+	cms.traceWriter = traceWriter
+	cms.traceContext = traceContext
+	for key, store := range stores {
+		var cwStore types.CacheWrapper = store
+		if cms.TracingEnabled() {
+			tctx := cms.traceContext.Clone().Merge(types.TraceContext{
+				storeNameCtxKey: key.Name(),
+			})
+
+			cwStore = tracekv.NewStore(store.(types.KVStore), cms.traceWriter, tctx)
+		}
+		cms.stores[key] = cachekv.NewPooledStore(cwStore.(types.KVStore))
+	}
+	cms.db = cachekv.NewPooledStore(store)
+	return cms
+}
+
+// Release releases the PooledStore object back to the pool.
+func (cms *PooledStore) Release() {
+	// clear the stores map
+	for k, v := range cms.stores {
+		if pStore, ok := v.(types.PooledCacheKVStore); ok {
+			pStore.Release()
+		}
+		delete(cms.stores, k)
+	}
+	for k := range cms.keys {
+		delete(cms.keys, k)
+	}
+	if pStoreDb, ok := cms.db.(types.PooledCacheKVStore); ok {
+		pStoreDb.Release()
+	}
+	cms.db = nil
+	cms.traceContext = nil
+	cms.traceWriter = nil
+	storePool.Put(cms)
+}
+
+func newCacheMultiStoreFromCMS(cms *Store) *Store {
 	stores := make(map[types.StoreKey]types.CacheWrapper)
 	for k, v := range cms.stores {
 		stores[k] = v
@@ -84,7 +154,7 @@ func newCacheMultiStoreFromCMS(cms Store) Store {
 
 // SetTracer sets the tracer for the MultiStore that the underlying
 // stores will utilize to trace operations. A MultiStore is returned.
-func (cms Store) SetTracer(w io.Writer) types.MultiStore {
+func (cms *Store) SetTracer(w io.Writer) types.MultiStore {
 	cms.traceWriter = w
 	return cms
 }
@@ -93,7 +163,7 @@ func (cms Store) SetTracer(w io.Writer) types.MultiStore {
 // the given context with the existing context by key. Any existing keys will
 // be overwritten. It is implied that the caller should update the context when
 // necessary between tracing operations. It returns a modified MultiStore.
-func (cms Store) SetTracingContext(tc types.TraceContext) types.MultiStore {
+func (cms *Store) SetTracingContext(tc types.TraceContext) types.MultiStore {
 	if cms.traceContext != nil {
 		maps.Copy(cms.traceContext, tc)
 	} else {
@@ -104,22 +174,22 @@ func (cms Store) SetTracingContext(tc types.TraceContext) types.MultiStore {
 }
 
 // TracingEnabled returns if tracing is enabled for the MultiStore.
-func (cms Store) TracingEnabled() bool {
+func (cms *Store) TracingEnabled() bool {
 	return cms.traceWriter != nil
 }
 
 // LatestVersion returns the branch version of the store
-func (cms Store) LatestVersion() int64 {
+func (cms *Store) LatestVersion() int64 {
 	panic("cannot get latest version from branch cached multi-store")
 }
 
 // GetStoreType returns the type of the store.
-func (cms Store) GetStoreType() types.StoreType {
+func (cms *Store) GetStoreType() types.StoreType {
 	return types.StoreTypeMulti
 }
 
 // Write calls Write on each underlying store.
-func (cms Store) Write() {
+func (cms *Store) Write() {
 	cms.db.Write()
 	for _, store := range cms.stores {
 		store.Write()
@@ -127,32 +197,37 @@ func (cms Store) Write() {
 }
 
 // CacheWrap implements CacheWrapper, returns the cache multi-store as a CacheWrap.
-func (cms Store) CacheWrap() types.CacheWrap {
+func (cms *Store) CacheWrap() types.CacheWrap {
 	return cms.CacheMultiStore().(types.CacheWrap)
 }
 
 // CacheWrapWithTrace implements the CacheWrapper interface.
-func (cms Store) CacheWrapWithTrace(_ io.Writer, _ types.TraceContext) types.CacheWrap {
+func (cms *Store) CacheWrapWithTrace(_ io.Writer, _ types.TraceContext) types.CacheWrap {
 	return cms.CacheWrap()
 }
 
 // CacheMultiStore implements MultiStore, returns a new CacheMultiStore from the
 // underlying CacheMultiStore.
-func (cms Store) CacheMultiStore() types.CacheMultiStore {
+func (cms *Store) CacheMultiStore() types.CacheMultiStore {
 	return newCacheMultiStoreFromCMS(cms)
 }
 
+// CacheMultiStorePooled returns a PooledCacheMultiStore object from a pool.
+func (cms *Store) CacheMultiStorePooled() types.PooledCacheMultiStore {
+	return newFromKVStorePooled(cms.db, cms.stores, cms.traceWriter, cms.traceContext)
+}
+
 // CacheMultiStoreWithVersion implements the MultiStore interface. It will panic
 // as an already cached multi-store cannot load previous versions.
 //
 // TODO: The store implementation can possibly be modified to support this as it
 // seems safe to load previous versions (heights).
-func (cms Store) CacheMultiStoreWithVersion(_ int64) (types.CacheMultiStore, error) {
+func (cms *Store) CacheMultiStoreWithVersion(_ int64) (types.CacheMultiStore, error) {
 	panic("cannot branch cached multi-store with a version")
 }
 
 // GetStore returns an underlying Store by key.
-func (cms Store) GetStore(key types.StoreKey) types.Store {
+func (cms *Store) GetStore(key types.StoreKey) types.Store {
 	s := cms.stores[key]
 	if key == nil || s == nil {
 		panic(fmt.Sprintf("kv store with key %v has not been registered in stores", key))
@@ -161,7 +236,7 @@ func (cms Store) GetStore(key types.StoreKey) types.Store {
 }
 
 // GetKVStore returns an underlying KVStore by key.
-func (cms Store) GetKVStore(key types.StoreKey) types.KVStore {
+func (cms *Store) GetKVStore(key types.StoreKey) types.KVStore {
 	store := cms.stores[key]
 	if key == nil || store == nil {
 		panic(fmt.Sprintf("kv store with key %v has not been registered in stores", key))
diff --git a/store/rootmulti/store_test.go b/store/rootmulti/store_test.go
index 90af171217ea..27b451247709 100644
--- a/store/rootmulti/store_test.go
+++ b/store/rootmulti/store_test.go
@@ -67,7 +67,7 @@ func TestCacheMultiStore(t *testing.T) {
 	ms := newMultiStoreWithMounts(db, pruningtypes.NewPruningOptions(pruningtypes.PruningNothing))
 
 	cacheMulti := ms.CacheMultiStore()
-	require.IsType(t, cachemulti.Store{}, cacheMulti)
+	require.IsType(t, &cachemulti.Store{}, cacheMulti)
 }
 
 func TestCacheMultiStoreWithVersion(t *testing.T) {
@@ -839,10 +839,10 @@ func TestCacheWraps(t *testing.T) {
 	multi := newMultiStoreWithMounts(db, pruningtypes.NewPruningOptions(pruningtypes.PruningNothing))
 
 	cacheWrapper := multi.CacheWrap()
-	require.IsType(t, cachemulti.Store{}, cacheWrapper)
+	require.IsType(t, &cachemulti.Store{}, cacheWrapper)
 
 	cacheWrappedWithTrace := multi.CacheWrapWithTrace(nil, nil)
-	require.IsType(t, cachemulti.Store{}, cacheWrappedWithTrace)
+	require.IsType(t, &cachemulti.Store{}, cacheWrappedWithTrace)
 }
 
 func TestTraceConcurrency(t *testing.T) {
diff --git a/store/types/store.go b/store/types/store.go
index 6f1023d8eb55..789cf2e0558d 100644
--- a/store/types/store.go
+++ b/store/types/store.go
@@ -146,12 +146,24 @@ type MultiStore interface {
 	LatestVersion() int64
 }
 
+// PoolingMultiStore is a MultiStore that can return CacheMultiStores from a pool, without needing to allocate a new one each time.
+type PoolingMultiStore interface {
+	MultiStore
+	CacheMultiStorePooled() PooledCacheMultiStore
+}
+
 // CacheMultiStore extends MultiStore with a Write() method.
 type CacheMultiStore interface {
 	MultiStore
 	Write() // Writes operations to underlying KVStore
 }
 
+// PooledCacheMultiStore is a CacheMultiStore that can be pooled and reused without the overhead of allocation.
+type PooledCacheMultiStore interface {
+	CacheMultiStore
+	Release() // Releases the cache
+}
+
 // CommitMultiStore is an interface for a MultiStore without cache capabilities.
 type CommitMultiStore interface {
 	Committer
@@ -276,6 +288,12 @@ type CacheKVStore interface {
 	Write()
 }
 
+// PooledCacheKVStore is a CacheKVStore that can be pooled and reused without the overhead of allocation.
+type PooledCacheKVStore interface {
+	CacheKVStore
+	Release()
+}
+
 // CommitKVStore is an interface for MultiStore.
 type CommitKVStore interface {
 	Committer