The Uniswap Foundation has released its financial report for Q1 2025, showcasing a strong reserve position and a clear long-term funding strategy.
Total Assets and Funding
As of March 31, the Foundation reported holding approximately $95 million in total assets. These include $53.4 million in USD and stablecoins, 15.8 million UNI tokens, and 257 ETH. The majority of these funds originated from a $140 million donation approved through Uniswap governance. Additional revenue was generated via interest and dividends.
To maintain market stability and liquidity, the Foundation secured a $29 million loan using 5 million UNI tokens as collateral. Part of the total assets or $115.1 million has been designated for disbursing grants, which covers $99.8 million for 2025 and 2026 and $15.3 million for past spending.
Long-Term Growth Grants
The Foundation committed $12.4 million in new grants during Q1, with $9.9 million allocated to long-term programs running through 2029. Some of these grants offer repayment terms linked to performance targets, especially those provided to Unichain Partners. The report highlights a strategic focus on enhancing the Uniswap protocol and the layer-2 network, Unichain.
Development goals for the quarter included improving capital efficiency across EVM-compatible chains, investing in developer tools and education, and building sustainable revenue frameworks.
Uniswap Achievements and Regulatory News
The financial update follows notable achievements for Uniswap in 2025, including the early-year launch of Unichain and the milestone of reaching $3 trillion in lifetime trading volume. In a regulatory development seen as favorable for the project, the U.S. Securities and Exchange Commission closed its investigation into Uniswap Labs in February without pursuing enforcement.
The Uniswap Foundation's financial report demonstrates confidence in its long-term funding strategy and the importance of fostering innovation in DeFi.
