Uniswap Reports 36.81 Million USD in Stablecoin Holdings, 680,000 UNI Tokens
CryptoNewsTerminal Staff06 Aug, 2024
Uniswap Reports 36.81 Million USD in Stablecoin Holdings, 680,000 UNI Tokens
Uniswap, the leading decentralized exchange, has released its financial report for the second quarter of 2023. According to the report, as of June 30th, the foundation held $36.81 million in stablecoins and 680,000 UNI tokens. The stablecoins were utilized for foundation operations and project grants, while the UNI tokens were allocated for employee incentives. Uniswap also noted that out of the $7.55 million pledged for grants in Q2, $5.27 million has been distributed. The annual operating expense was $2.63 million as of the date. This news highlights the continued growth and success of Uniswap, one of the most popular and widely used decentralized exchanges in the cryptocurrency ecosystem.
