The Uniswap Foundation held $85.8 million in total assets at the end of 2025, split between $49.9 million in cash and stablecoins, 15.1 million UNI tokens, and 240 ETH, according to unaudited summary financials published Tuesday.
The foundation committed $26 million in new grants during 2025 and disbursed $11 million against prior commitments. In Q4 alone, $5.8 million in new grants were committed and $2.1 million disbursed. Operating expenses for the full year came to $9.7 million, excluding employee token awards of 450,000 UNI.
On the revenue side, the foundation received 20.3 million UNI, worth roughly $114 million at year-end prices, from the Uniswap Treasury through the Uniswap Unleashed governance proposal. It also earned $1.7 million in interest on fiat holdings.
The numbers reflect the foundation’s financial position before the UNIfication proposal, approved by governance on Dec. 26, which restructures the relationship between the foundation and the broader Uniswap ecosystem. A new legal entity called DUNI was formed as part of that process.
Of the total funds, $106.2 million was earmarked for grants ($87.5 million to be committed, $18.7 million reserved for previously committed grants awaiting disbursement) and $26.3 million for operations and employee token awards.
The projected runway extended through January 2027, though the foundation said that timeline will be updated in its Q1 2026 report to reflect the post-UNIfication organizational changes.
The report lands alongside a year of significant protocol milestones, including the launch of Uniswap v4, which introduced hooks and a programmable architecture for on-chain liquidity, and Unichain, a dedicated chain for high-performance DeFi applications. The foundation said more than 1,500 developers onboarded to v4 during the year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DeFi Stakeholders Petition SEC to Formalize Interface Guidance as Ethereum Proposes Native Privacy Layer
Gate News message, April 24 — The DeFi Education Fund (DEF) and 35 co-signatories, including a16z crypto, Aptos Labs, Uniswap, Chainlink, Paradigm, Solana Policy Institute, and Phantom, have petitioned the Securities and Exchange Commission (SEC) to convert its recent staff guidance on DeFi interfac
GateNews04-24 21:29
Address Deposits 1.397M UNI Worth $4.6M to Three Exchanges in Two Hours
Gate News message, April 24 — An address ending in Fc24e deposited 1.397 million UNI, valued at approximately $4.6 million, across three exchanges over the past two hours, according to on-chain analyst Ai姨.
One of the receiving exchange addresses has previously interacted multiple times with
GateNews04-24 01:49
Uniswap Labs Launches Developer Platform with AI Tools and Expanded API Access Across 18 Blockchains
Uniswap Labs launched a Developer Platform offering tools for DeFi integration, including an AI toolkit, API playground, and liquidity management features. With over 500,000 developers accessing resources, the platform aims to simplify integration and enhance developer capabilities.
GateNews04-17 07:24
Uniswap daily trading volume surpasses $2.0 billion, hitting a one-year high
Gate News message, April 13, decentralized exchange Uniswap recently saw its daily trading volume surpass $2 billion, setting a new high in nearly one year. Data shows that Uniswap’s trading volume surge is mainly driven by growing expectations that recent spot Ethereum ETFs will be approved, with market activity rising significantly. Uniswap is one of the largest decentralized exchanges in the Ethereum ecosystem; its current main trading pairs include ETH/USDC, ETH/USDT, and other mainstream assets, and demand for stablecoin swaps continues to grow.
GateNews04-13 06:02
A certain address received 5 million UNI tokens worth $15.8 million again from the Uni Timelock contract after three months
Gate News update: On April 11, according to on-chain analyst Ai Yi monitoring, an address received 5 million UNI again from the Uni Timelock contract after three months, worth $15.8 million. This address has received a cumulative total of 10 million UNI, which is currently held in custody in a certain CEX.
GateNews04-11 03:31
