Uniswap Foundation posts $5.7m in expenses, $1.1m in revenue for 2024

The finances of the UNISWAP 2024 Foundation display nearly $ 5.8 million in wage expenditure, audits, events and administrators, compensate for $ 1.11 million in income.

In 2024, the Uniswap FoundationA non-profit organization behind the Crypto exchange platform spent $ 5.79 million to manage operations while bringing $ 1.11 million closer to donations, dividends and interest.

According to the Foundation Last financial ventilationThe payroll was the biggest piece of the budget at $ 3.13 million, which covered wages, benefits and taxes. $ 1.68 million additional dollars went to professional services such as legal advice, accounting and technical audits.

Advertising and marketing costs have totaled around $ 290,000 and were used for things such as web design, agency work and event accommodation, the report said.

“2024 has scored a critical inflection point for the UNISWAP Foundation, because we have laid the basics of the alignment of ecosystems and value capture. In the past year, initiatives from the United Foundation have led the growth and activation of the UNISWAP developer community, accelerating the social and governance infrastructure that supports them. ”

The head of finance of the Uniswap Natalia Ra Foundation

The Foundation also spent about $ 174,000 on external events, including travel and attendance during conferences. Office expenses such as software, transaction costs and internal team events such as off-site arrived at around $ 116,000. Insurance – mainly the coverage of administrators and officers – was an additional $ 290,000, while smaller expenses included nearly $ 116,000 for hackathons.

At the end of the year, the Foundation still had a healthy reserve: $ 29.8 million in Fiat and Stablecoins, plus 0.59 million of UnicUNITED) The tokens, which are put aside to maintain things – subsidies, daily operations and team incentives – until 2025.

In terms of grants, the Foundation hired $ 14.8 million in 2024 and in fact paid $ 9.9 million, including $ 3.1 million in the fourth quarter. The support of developers was a major objective, with $ 4.59 million to programs that have helped more than 1,000 new UNISWAP developers via UNISWAY and hackathons around the world.

Other large tickets included $ 2.19 million for research grants and $ 1.54 million for governance work, the report said.