The Uniswap Foundation concluded 2025 with $85.8 million in total assets, held primarily in cash, stablecoins, and UNI tokens. The organization received 20.3 million UNI from the Uniswap Treasury during the year and generated $1.7 million in interest income. These figures reflect a significant accumulation of resources as the foundation prepares for a period of structural change.
On the spending side, the foundation committed $26 million in new grants throughout 2025 and disbursed $11 million of that total during the same period. Operational expenditures reached $9.7 million over the course of the year. The gap between commitments and disbursements indicates that a portion of approved funding remains scheduled for future distribution.
Looking at broader reserves, the foundation has set aside $106.2 million specifically for grant-making purposes. An additional $26.3 million has been reserved to cover operations and employee token awards. These allocations suggest the organization is planning for sustained activity well beyond the current fiscal period.
The financial disclosures come ahead of a significant governance restructuring known as the UNIfication overhaul. As part of that process, a new legal entity called DUNI has been established. The foundation has not yet detailed the full operational scope of DUNI, but its creation signals a meaningful shift in how the broader Uniswap ecosystem is organized and governed.
The foundation projects its current funding runway extends through January 2027, providing a defined horizon for its financial planning. Alongside the governance changes, the organization highlighted several notable protocol developments from the past year. These include the launch of Uniswap v4 and the debut of Unichain, both of which represent major milestones for the underlying protocol infrastructure.
Originally reported by CoinDesk.
