Uniswap announces Q2 financials report, reveals over $3m committed in grants

The Uniswap Foundation announced its financial health in its latest report, with $36.81 million in assets in Q2 and millions of dollars in new grant commitments.

The Uniswap Foundation, a nonprofit organization dedicated to supporting Uniswap’s growth, has released its financial summary for Q2 as part of its ongoing commitment to financial transparency. In a blog post published on August 7, the foundation stated that it holds $36.81 million in cash and stablecoins, of which just 680,000 are UNI tokens.

The foundation explained that cash and hard currency are earmarked for grant-making and operational activities, while UNI tokens are earmarked for “employee rewards.” The foundation predicts that these funds will operate through the end of 2025, with allocations set at $26.12 million for grants and $10.69 million for operational expenses.

Uniswap Q2 operating expenses | Source: Uniswap Foundation

The Foundation committed over $3.2 million in new grants in Q2 and distributed approximately $2.5 million in previously committed grants.

In total, through June 30, the organization committed $7.55 million in grants for the year, and $5.27 million had been distributed. Operating expenses in the quarter totaled $1.6 million, of which 8.2% was allocated to advertising and marketing, while payroll expenses and professional fees were allocated 47.9% and 35.2%, respectively.