Uniswap Foundation discloses $85.8M treasury, grants and 2027 runway
Uniswap Foundation reported an $85.8 million treasury and runway into January 2027 in an unaudited forum filing, listing $49.9 million cash/stablecoins, 15.1 million UNI and 240 ETH at Dec. 31, 2025.
The Uniswap Foundation disclosed an $85.8 million treasury and a projected funding runway into January 2027 in an unaudited financial summary posted to its governance forum. The report listed $49.9 million in cash and stablecoins, 15.1 million UNI tokens and 240 ETH on hand as of Dec. 31, 2025.
Most resources are designated for ecosystem growth. The disclosure shows approximately $106.2 million committed to grants and incentive programs, with $26.3 million earmarked for operating costs and employee token awards. Operating expenses for 2025 were $9.7 million, excluding token-based compensation, and fiat holdings generated $1.7 million in interest income during the year.
The group indicated that the runway estimate may be updated as Uniswap governance implements elements of the recently approved “UNIfication” proposal.
Across 2025, Uniswap’s roadmap advanced with the launch of Uniswap v4, progress on the Unichain mainnet rollout and work on the UNIfication fee switch. The foundation linked budget planning and allocations to these deployments and the roadmap approved by token holders.
Governance proposals under consideration include activating protocol fees across v3 liquidity pools and expanding deployments to additional blockchains.
Institutional activity has included direct onchain trades on Uniswap by BlackRock and Securitize related to BlackRock’s BUIDL tokenized fund.
Uniswap is one of the largest decentralized exchanges, enabling users to trade crypto assets directly on public blockchains without intermediaries. It ranks among the top decentralized finance protocols by fees generated. In the Uniswap vs Metamask wallet comparison, Uniswap stands out as a leading DeFi protocol and ranks among the top platforms by fees generated.
The forum post is unaudited and reflects resources and commitments at year-end 2025. Any changes from governance, including items tied to UNIfication, will be reflected in future updates.
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