Uniswap Foundation released its Q1 2025 financial report of $140.3 million of revenue in the form of donations, dividends, and interest income.
The decentralized exchange protocol foundation issued new grants of $12.4 million during the quarter and also has substantial reserves to sustain operations and development through January 2027.
Uniswap hands out $12.4m in fresh protocol development grants
Uniswap Foundation has $12.4 million in Q1 2025 new grant commitments. The majority of it goes toward long-term protocol development. $9.9 million of the amount went towards grants that would be for the 2026-2029 period.
Over a quarter, the foundation disbursed $2.1 million of committed grants and also initiated new channels of funding for future development. The grants strategy has four main priorities.
This encompasses constructing superior DeFi platforms through the empowerment of developers and infrastructure, maximizing capital effectiveness on live EVM chains through the use of liquidity incentive programs, and constructing sustainable income streams for governance and onboarding.
Source: Uniswap blog
The Multi-year grant commitments include the provision under which Unichain Partners can reimburse the foundation up to 100% of the amounts committed upon reaching some growth metrics. This allows for responsibility and also for flexibility in terms of adjusting funding according to performance.
The total grant spending plan of the foundation reaches until January 2027, and $115.1 million is allocated for grants in total. This consists of $99.8 million to be spent in 2025 and 2026 and $15.3 million that is held for already committed grants that are to be paid out. Q1 operating expenses were $1.9 million.
Foundation reports strong financial position with $140m revenue
The Uniswap Foundation posted substantial financial results in Q1 2025. It also generated $140.3 million in revenue. This was mainly through donations, dividends, and interest income. The largest component came from $140 million in donations raised via a governance proposal.
As of March 31, 2025, the foundation maintained $53.4 million in USD and stablecoins alongside token holdings valued at $95 million at quarter-end rates. The token portfolio includes 15.8 million UNI tokens and 257 ETH.
An additional 5 million UNI tokens were held externally as collateral against a $29 million loan to the foundation. This structured financial instrument allowed immediate access to USD liquidity.
The foundation’s current financial position supports operations through January 2027, with $33.3 million allocated for operating expenses and employee token awards during this period. This runway calculation accounts for both committed grant disbursements and operational needs. It allows the foundation to maintain consistent funding for protocol development without immediate fundraising pressure.
Strategic focus on Unichain and multi-chain expansion
The Protocol and Unichain were to be the cornerstones of the worldwide digital value transfer infrastructure, according to the Uniswap Foundation’s Q1 2025 strategy. Throughout the quarter, the foundation worked toward four major strategic goals. Through targeted liquidity incentive schemes intended to promote organic liquidity growth, it first concentrated on enhancing capital efficiency throughout active EVM chains.
Second, the foundation invested in developing premier DeFi platforms by supporting developer education, infrastructure, and expanding the builder ecosystem to reinforce demand.
Third, the foundation worked on activating sustainable revenue streams and providing governance with essential tools. These initiatives aim to allow adaptive, high-impact funding decisions that can respond to changing market conditions.
Fourth, the foundation prioritized onboarding and incentivizing long-term, protocol-aligned Core Contributors to ensure consistent development and maintenance of the ecosystem. These efforts were designed to maintain Uniswap’s position at the forefront of decentralized finance.
Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
