Uniswap Foundation shared its Q1 2025 financial update, revealing strong reserves and long-term operational planning in detail. By March 31, 2025, the Foundation held $53.4 million in cash and stablecoins, 15.8 million UNI, and 257 ETH tokens.
The total value of these assets reached $95 million based on the market closing rate on that day. Another 5 million UNI were left as collateral for a $29 million loan.
Such a lending arrangement facilitated Uniswap Foundation’s swift access to fiat capital while restricting risks associated with volatility in markets. The stablecoin and cash holdings were channeled toward operation requirements and grant initiatives.
The UNI tokens would finance long-term funding up until January 2027, making sure that the organization remains sustainable. Uniswap Foundation committed $115.1 million for grant purposes for new and current commitments.
$99.8 million was allocated for the years 2025 and 2026, while $15.3 million was for grants that were previously promised. Additionally, $33.3 million was budgeted to handle operational costs and employee UNI awards until early 2027.
Uniswap multi-year grants offer reimbursements
In Q1 2025 alone, the Foundation committed $12.4 million to new grants and disbursed $2.1 million for earlier commitments. Notably, $9.9 million in new commitments targeted projects running through 2026 to 2029.
Many multi-year grants included reimbursement provisions through Unichain Partners upon hitting specific growth targets.
The Foundation incurred an operating cost of $1.9 million in the quarter, plus an additional $0.1 million in UNI-based employee awards. It earned $140.3 million in revenues from donations, dividends, and interest income.
The majority, $140 million, came in through a community-supported governance proposal. Q1 2025 for Uniswap focused on capital efficiency, sustainable revenue streams, and long-term contributor rewards.
These priorities complement the Foundation’s mission to further develop the Uniswap Protocol and Unichain infrastructure internationally.
