The Uniswap Foundation, dedicated to supporting the growth of Uniswap, released its financial report for Q2 2024. The foundation provided details on the fund's asset sizes and planned usage.
Financial Overview
The foundation reported holding $36.81 million in cash and stablecoins, alongside 680,000 UNI tokens. This financial reserve is earmarked for grantmaking, operational expenses, and employee token awards.
Activity Report
As of June 30, 2024, Uniswap's assets included $36.81 million in USD and stablecoins, and 680,000 UNI tokens. The foundation plans to use the fiat cash and stablecoins for grants and operational activities, while the UNI tokens are reserved for employee awards. The projected funds are expected to sustain the foundation through the end of 2025.
Increase in Trading Volumes on Decentralized Exchanges
According to DefiLlama, DEXs recorded over $18.2 billion in trading volume on August 6, ranking third behind March 10, 2023’s $24.5 billion and May 18, 2021’s $24.6 billion. Uniswap, native to Ethereum and its layer 2 networks, led the surge with $7.5 billion in trading volume.
The Uniswap Foundation's Q2 2024 report demonstrates a stable financial position and active utilization of funds to support the ecosystem. The increase in trading volumes on decentralized exchanges underscores the importance and demand for such platforms.
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