Uniswap Foundation 2025 Financial Summary: Total Assets of $85.8 Million, Reserves to Support Operations Until January 2027

On April 1, the Uniswap Foundation released its unaudited financial summary, reporting total assets of $85.8 million as of December 31, 2025. This includes $49.9 million in cash and stablecoins, 15.1 million UNI tokens, and 240 ETH. The current reserves are expected to support operations until January 2027. Approximately $106.2 million has been allocated for ecosystem grants and incentive programs, with an additional $26.3 million designated for operational costs and employee token rewards. The total operating expenditure for 2025 is projected to be $9.7 million (excluding token compensation), with interest income of $1.7 million during the same period. These financial plans may be adjusted due to governance changes stemming from the recently approved UNIfication proposal. In 2025, the Uniswap ecosystem continues to expand, with significant developments including the launch of Uniswap v4, deployment of the Unichain mainnet, and activation of the UNIfication fee switch. Additionally, Uniswap has proposed enabling protocol fees in v3 liquidity pools and expanding to more on-chain deployments. On the institutional front, BlackRock and Securitize have recently integrated with Uniswap for on-chain direct trading of their BUIDL tokenized fund.