Uniswap Foundation released its financial report for 2025, highlighting over $100 million allocated for grants and announcing a new phase of ecosystem development following the implementation of the key governance reform UNIfication.
This is reported by Finway
Key Achievements and Launch of New Products
In 2025, Uniswap Foundation focused its efforts on expanding the ecosystem and supporting innovative solutions in decentralized finance. The launch of Uniswap v4 featured a new programmable architecture and hooks functionality, along with the introduction of Unichain infrastructure aimed at high-performance DeFi applications. Throughout the year, over 1500 developers joined the ecosystem, creating thousands of custom liquidity hooks.
Among the significant changes was the approval of the UNIfication model, which altered the governance structure and operations of the foundation. A legal structure for DUNI was also established, and additional funding was approved through community decisions.
Financial Results: Assets, Expenses, and Grant Distribution
As of the end of 2025, the total assets of Uniswap Foundation were estimated at $85.8 million, including $49.9 million in fiat currencies and stablecoins, 15.1 million UNI, and 240 ETH. The report recorded the distribution of funds as follows: $106.2 million allocated for grants (of which $87.5 million is earmarked for future programs), $26.3 million used for operational expenses and rewards. Funding is expected to last until January 2027.
In 2025, the foundation allocated $26 million for new grants and paid out $11 million for previous commitments. In the fourth quarter alone, new grants totaling $5.8 million were awarded, with payments amounting to $2.1 million. Operational expenses for the year totaled $9.7 million, while additional revenues included 20.3 million UNI (approximately $114 million) from the treasury and $1.7 million in interest income.
The organization emphasized that the financial figures are current as of the time of the report:
“These financial figures are a snapshot in time […] These plans have changed following the adoption of UNIfication, and the numbers provided in this post do not reflect what the budget will look like in the first quarter of 2026 and beyond.”
Following the reform, most employees transitioned to Uniswap Labs, operational expenses are expected to decrease, and the majority of funds will be directed towards grants. No new community funding is currently planned.
The growth and transformation of the Uniswap ecosystem occur against a backdrop of increased attention from traditional financial institutions and reduced regulatory risks. In particular, BlackRock plans to launch trading of the tokenized BUIDL fund on Uniswap with the acquisition of UNI tokens, while Uniswap Labs has successfully won a court case in the U.S., proving that the platform is not liable for the actions of third-party token issuers.
