TLDR

Uniswap Foundation reported $140.3 million in revenue for Q1 2025, primarily from a $140 million governance-approved donation
The Foundation committed $12.4 million to new grants, with $9.9 million allocated for multi-year programs through 2029
As of March 31, 2025, the Foundation held $95 million in assets including $53.4 million in USD/stablecoins and 15.8 million UNI tokens
Operating expenses totaled $1.9 million for the quarter, with $33.3 million budgeted for operations through January 2027
The Foundation’s runway extends through January 2027 with $115.1 million allocated for grants and incentive programs

The Uniswap Foundation released its Q1 2025 financial report showing $140.3 million in revenue and $12.4 million committed to new grant programs. The revenue figure represents a major funding milestone for the decentralized exchange platform.

The majority of revenue came from a $140 million donation approved through Uniswap governance. The remaining funds were generated through interest and dividend payments on existing assets.

As of March 31, 2025, the Foundation maintained $53.4 million in USD and stablecoins. The organization also holds 15.8 million UNI tokens and 257 Ethereum, totaling approximately $95 million in digital assets.

The Foundation structured a $29 million loan against 5 million UNI tokens held as external collateral. This arrangement provides immediate cash access while minimizing market impact and offering downside protection on the collateral.

Grant Allocation and Multi-Year Strategy

Total grant allocations reached $115.1 million for future commitments. The Foundation designated $99.8 million for grants in 2025 and 2026, with an additional $15.3 million reserved for previously committed grants awaiting disbursement.

Of the $12.4 million in new Q1 grant commitments, $9.9 million targets multi-year programs extending through 2029. These commitments demonstrate the Foundation’s long-term development strategy for the protocol.

Select multi-year grants include repayment provisions allowing Unichain Partners to reimburse up to 100% of committed amounts. These repayments are tied to achieving specific growth metrics and performance targets.

The Foundation disbursed $2.1 million in previously committed grants during the first quarter. This figure represents the actual funds distributed to recipients from earlier grant awards.

Operational Expenses and Financial Runway

Quarterly operating expenses totaled $1.9 million, excluding $100,000 in UNI token awards distributed to employees. The expense breakdown includes payroll, legal fees, accounting services, technical audits, and consultant payments.

Additional costs covered office expenses, software subscriptions, transaction fees, and general administrative needs. Marketing and advertising expenses included web design, agency fees, and event hosting costs.

The Foundation allocated $33.3 million for operations and employee compensation through January 2027. This budget provides operational runway extending nearly two years from the end of Q1 2025.

The Q1 strategy focused on establishing Uniswap and Unichain as foundational infrastructure for global digital value transfer. Key priorities included enhancing capital efficiency across EVM chains through targeted liquidity programs.

Development initiatives emphasized building premier DeFi platforms through developer support and education programs. The Foundation invested in infrastructure expansion to grow the builder ecosystem and increase platform demand.

Revenue diversification efforts aimed to activate sustainable income streams while equipping governance with formation tools. The Foundation explored legal entity structures and validator network support for adaptive funding decisions.

The organization prioritized onboarding protocol-aligned contributors for long-term growth. These efforts target maintaining Uniswap’s competitive position in the evolving DeFi landscape.

The Foundation plans to release Q2 2025 financial results in its next transparency update, including additional grant commitments and disbursement data.

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Filed under: Bitcoin - @ May 23, 2025 8:18 am