On April 1, the Uniswap Foundation released an unaudited financial summary as of December 31, 2025. By the end of 2025, the foundation holds $49.9 million in cash and stablecoins, 15.1 million UNI, and 240 ETH (valued at approximately $8.58 million at the time). In terms of grant commitments and incentives, a total of $106.2 million has been allocated. Of this, $87.5 million is for pending grant commitments, and $18.7 million is reserved for previously committed grants awaiting distribution. An additional $26.3 million is designated for operational expenses and employee rewards. For the fiscal year 2025, the foundation's total operating expenses amounted to $9.7 million, excluding 450,000 employee rewards distributed in UNI tokens. The foundation also obtained 20.3 million UNI tokens from the Uniswap treasury through the Uniswap Unleashed proposal (valued at approximately $11.4 million at year-end prices). Additionally, the foundation earned $1.7 million in interest income from its fiat holdings.
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