The Uniswap Foundation has recently released its unaudited financial report for the fiscal year ending December 31, 2024. The report highlights total operating expenses of $5.79 million, offset by $1.11 million in revenue generated from donations, dividends, and interest. This financial year signifies a strategic shift for the Uniswap Foundation, with 2024 being a year of ecosystem consolidation and laying the groundwork for technical advancements.
Key initiatives that fueled growth in 2024 include onboarding over 800 developers from more than 60 countries, deploying over 150 hook prototypes, launching the Unichain Validator Network (UVN), and finalizing the Unistaker contracts. All of these milestones were achieved before the latest governance milestone, “Uniswap Unleashed,” was passed.
The majority of the Uniswap Foundation’s 2024 budget was allocated towards payroll, professional services, security, marketing, and events. Payroll expenses accounted for $3.13 million, covering salaries, benefits, and taxes for a 16-member team working across various departments. Professional fees totaled $1.68 million and covered legal, accounting, technical audits, and consultancy services essential for a compliant and resilient organizational structure.
Marketing and advertising expenses totaled approximately $290,000 and funded web design, agency partnerships, and community-facing event organization. The Foundation also allocated $174,000 for travel and participation in external events and $116,000 for office-related expenses. Insurance premiums, primarily for directors and officers coverage, amounted to $290,000.
Despite the significant expenditure, the Foundation concluded the year with nearly $30 million in reserves, earmarked for grantmaking, operating costs, and employee token awards through the end of 2025. The report reveals that $21.82 million is designated for grants, $15.47 million committed for 2024–2025, and $6.35 million for the disbursement of previously awarded grants. Additionally, $7.97 million is set aside for operational expenses.
The Foundation committed $14.8 million in new grants, with $9.9 million disbursed by year-end, including $3.1 million in the final quarter of the year. The grants were strategically distributed across Protocol & Innovation, Developer Growth, Governance, Research, and Security.
Uniswap’s broader ecosystem achievements in 2024 are noteworthy, with the protocol facilitating more than $2.94 trillion in swap volume, surpassing Canada’s GDP. This milestone is particularly remarkable as Uniswap operates without a centralized HQ or CEO, relying on smart contracts and community governance.
Looking ahead, Uniswap’s strategic investments in developer support, infrastructure resilience, and research innovation suggest that 2025 may bring even greater decentralization, broader adoption, and deeper integration of DeFi into the global financial ecosystem. With nearly $30 million still in reserve, the Foundation is well-positioned to continue contributing to the future of DeFi.