On May 24, the Uniswap Foundation announced its unaudited financial summary for the first quarter of 2025. As of March 31, it held $53.4 million in cash and stablecoins, 15.8 million UNI, and 257 ETH. At the closing exchange rate on March 31, 2025, these tokens were valued at $95 million. Additionally, it used 5 million UNI held externally as collateral to secure a loan of $29 million. The cash and stablecoins on hand (in USD) will be used for grants and operational activities, while a substantial reserve of UNI will be retained to meet future operational needs, allowing for additional upside potential. The funds are expected to last until January 2027. The specific allocations are as follows: For grant commitments and rewards, a total of $115.1 million is allocated for grants: of which $99.8 million is committed to be disbursed in 2025 and 2026, and $15.3 million is reserved for previously committed grants pending distribution. As of January 2027, $33.3 million will be used to cover operational expenses and employee token rewards.

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