The concept of 'verifiable state' is gaining traction as a transformative approach to decentralized exchange (DEX) security. This model leverages zero-knowledge rollups and advanced cryptographic techniques to ensure that every state transition is independently verifiable through mathematical proofs. By doing so, it aims to overcome the trust assumptions and performance constraints of current DEX models, such as Uniswap's reliance on code trust, GMX's L2 shared trust, and dYdX's consensus trust. Advocates suggest that verifiable state could set a new benchmark for DEX security, providing a trustless, high-performance, and mathematically auditable framework.