diff --git a/modules/capability/CHANGELOG.md b/modules/capability/CHANGELOG.md
index cf6d1b30cae..472e0e358ed 100644
--- a/modules/capability/CHANGELOG.md
+++ b/modules/capability/CHANGELOG.md
@@ -40,6 +40,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 ### Improvements
 
 * [\#4068](https://github.com/cosmos/ibc-go/pull/4068) Various improvements made to testing to reduce the dependency tree and use new cosmos-sdk test utils.
+* [\#4770](https://github.com/cosmos/ibc-go/pull/4770) Save gas on `IsInitialized`, use `Has` in favour of `Get`.
 
 ### Features
 
diff --git a/modules/capability/keeper/keeper.go b/modules/capability/keeper/keeper.go
index 3283449b5aa..0b641df3db7 100644
--- a/modules/capability/keeper/keeper.go
+++ b/modules/capability/keeper/keeper.go
@@ -148,7 +148,7 @@ func (k *Keeper) InitMemStore(ctx sdk.Context) {
 // IsInitialized returns true if the keeper is properly initialized, and false otherwise.
 func (k *Keeper) IsInitialized(ctx sdk.Context) bool {
 	memStore := ctx.KVStore(k.memKey)
-	return memStore.Get(types.KeyMemInitialized) != nil
+	return memStore.Has(types.KeyMemInitialized)
 }
 
 // InitializeIndex sets the index to one (or greater) in InitChain according