- Uniswap Foundation spent $5.79M in 2024, generating $1.11M in revenue primarily from donations, dividends, and interest.
- Major expenses included $3.13M on payroll and $1.68M on professional services, as well as additional marketing, events, and insurance costs.
- Despite the spending, the Foundation ended the year with $29.8M in reserves and committed $14.8M in grants to strengthen developer and governance efforts.
The Uniswap Foundation released its 2024 financial report, showing total spending of $5.79 million and receipts of $1.11 million. This highlights a year of strategic investment in infrastructure, governance, and community expansion for the decentralized exchange protocol.
Payroll Reached $3.13 Million in 2024
The report says that income mainly came from donations, dividends and interest generated by the Foundation, an independent, non-profit organization that supports the Uniswap ecosystem. Its spending covered operational costs including salaries, audits, professional services, events, and administrative needs.
The total budget included $3.13 million on payroll, which included staff salaries, benefits, and taxes. Other professional services, costing $1.68 million, included legal counsel, accounting services, and technical audits to meet the foundation’s compliance and security requirements.
The advertising and marketing costs were roughly $290,000, including initiatives like web design, agency accounts and event planning. In addition, participation in external conferences received an additional $174,000 for travel and event fees. On internal office related expenses such as Software subscriptions, Transaction Fees and Company Offsites were about $116,000.
There was also $290,000 for insurance premiums on directors and officers liability coverage. The Foundation spent nearly $116,000 on hackathons focused on the community to encourage innovation and developer engagement.
Foundation Ended Year With Strong Reserves
Despite this great expense, the Foundation closed the year with a sound financial reserve: $29.8 million in fiat and stablecoins and 0.59 million UNI tokens earmarked for grant, operating and team incentive checking account from 2025.
Regarding grants, the Uniswap Foundation issued $14.8 million in a total of $9.9 million distributed, with $3.1 million during the fourth quarter. To keep its mission a cornerstone of developer support, $4.59 million was allocated to onboarding over 1,000 new developers through the Uniday initiative and global hackathons.
Of the $2.19 million in research-focused grants, another $1.54 million was earmarked for strengthening governance grants within the Uniswap ecosystem.
Natalia Ra, Head of Finance at the Foundation, said that 2024 was a critical inflection point for the Foundation to establish ecosystem alignment and capture value such that, with this work, the Foundation could build on what had already been accomplished. “Through the efforts of Uniswap Foundation in 2021, Uniswap developer community grew and were activated, which drove the social and governance infrastructure to sustain them.”
