Uniswap Foundation released its Q1 2025 financial report of $140.3 million of revenue in the form of donations, dividends, and interest income.

The decentralized exchange protocol foundation issued new grants of $12.4 million during the quarter and also has substantial reserves to sustain operations and development through January 2027.

Uniswap hands out $12.4m in fresh protocol development grants

Uniswap Foundation has $12.4 million in Q1 2025 new grant commitments. The majority of it goes toward long-term protocol development. $9.9 million of the amount went towards grants that would be for the 2026-2029 period.

Over a quarter, the foundation disbursed $2.1 million of committed grants and also initiated new channels of funding for future development. The grants strategy has four main priorities.

This encompasses constructing superior DeFi platforms through the empowerment of developers and infrastructure, maximizing capital effectiveness on live EVM chains through the use of liquidity incentive programs, and constructing sustainable income streams for governance and onboarding.

The Multi-year grant commitments include the provision under which Unichain Partners can reimburse the foundation up to 100% of the amounts committed upon reaching some growth metrics. This allows for responsibility and also for flexibility in terms of adjusting funding according to performance.

The total grant spending plan of the foundation reaches until January 2027, and $115.1 million is allocated for grants in total. This consists of $99.8 million to be spent in 2025 and 2026 and $15.3 million that is held for already committed grants that are to be paid out. Q1 operating expenses were $1.9 million.

Foundation reports strong financial position with $140m revenue

The Uniswap Foundation posted substantial financial results in Q1 2025. It also generated $140.3 million in revenue. This was mainly through donations, dividends, and interest income. The largest component came from $140 million in donations raised via a governance proposal.

As of March 31, 2025, the foundation maintained $53.4 million in USD and stablecoins alongside token holdings valued at $95 million at quarter-end rates. The token portfolio includes 15.8 million UNI tokens and 257 ETH.

An additional 5 million UNI tokens were held externally as collateral against a $29 million loan to the foundation. This structured financial instrument allowed immediate access to USD liquidity.

The foundation’s current financial position supports operations through January 2027, with $33.3 million allocated for operating expenses and employee token awards during this period. This runway calculation accounts for both committed grant disbursements and operational needs. It allows the foundation to maintain consistent funding for protocol development without immediate fundraising pressure.

Strategic focus on Unichain and multi-chain expansion

The Protocol and Unichain were to be the cornerstones of the worldwide digital value transfer infrastructure, according to the Uniswap Foundation’s Q1 2025 strategy. Throughout the quarter, the foundation worked toward four major strategic goals. Through targeted liquidity incentive schemes intended to promote organic liquidity growth, it first concentrated on enhancing capital efficiency throughout active EVM chains.

Second, the foundation invested in developing premier DeFi platforms by supporting developer education, infrastructure, and expanding the builder ecosystem to reinforce demand.

Third, the foundation worked on activating sustainable revenue streams and providing governance with essential tools. These initiatives aim to allow adaptive, high-impact funding decisions that can respond to changing market conditions.

Fourth, the foundation prioritized onboarding and incentivizing long-term, protocol-aligned Core Contributors to ensure consistent development and maintenance of the ecosystem. These efforts were designed to maintain Uniswap’s position at the forefront of decentralized finance.

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Dogecoin’s latest market structure is “significantly better than in prior bull markets,” according to Kevin, the crypto technician known on X and YouTube as @Kev_Capital_TA. In a video released Friday, the analyst mapped Dogecoin’s three historical cycles, concluding that the memecoin’s current breakout-and-retest pattern places a long-term Fibonacci extension at $3.80–$3.90 squarely “on the table”—provided one key condition holds: Bitcoin must keep grinding higher.

“Two cycles in a row, Dogecoin has tagged the 1.618 fib extension,” Kevin reminded viewers. “Here we are in the third cycle… we have evidence to suggest it has happened 100% of the time. It’s only two data points, though, so that could easily not happen this time.”

Why $3.80 Per Dogecoin Is Possible This Cycle

On a log-scale weekly chart, Kevin traced Dogecoin’s first super-cycle—consolidation, breakout, mid-cycle pullback, blow-off top—culminating at the 1.618 extension. The second cycle repeated the pattern, but “Elon Musk’s Saturday Night Live hype” punched price far beyond the fib target into euphoric territory.

Today’s third cycle, he argued, looks healthier: successive breakouts and back-tests of the bear-market range have carved a rising channel of higher highs and higher lows anchored by the 200-week EMA/SMA cluster. “This structure looks really good to me… break out, back-test the 200s, make a higher low—it’s textbook.”

On the monthly chart, the Relative Strength Index is “just strength—constant higher lows,” still far beneath the 80-to-90 zone that capped prior cycle tops. Kevin also flagged a V-shaped curl in the monthly Stoch RSI—a signal that “should provide the momentum we need to really get a durable run higher” once it crosses the 20 line.

The two-week Market Cipher readout shows three years of progressively stronger momentum waves and money-flow inflows. “This is big-time stuff,” he said, circling each expansion. “Momentum is compressing and building to a point where it’s like, okay, now it’s time to release it.”

A fresh two-week Stoch RSI cross historically precedes “bang, big move higher,” he added, implying that the post-halving phase could usher in Dogecoin’s next parabolic leg.

For traders fixated on nearer horizons, Kevin highlighted a macro golden pocket stretching from $0.26 to $0.285, reinforced by the daily 200-SMA at $0.27. That zone caps a developing bull-flag whose measured move targets $0.32–0.33. The pattern sprang out of an inverse head-and-shoulders accumulation at $0.15, a level he “accumulated heavily,” now up roughly 60%.

“Treat resistance as resistance until it isn’t,” he cautioned, noting that Bitcoin dominance near 64% still siphons liquidity from altcoins. Yet he sees “serious signs” that dominance has printed a local top at 65.45%, opening room for a rotation into majors like Ethereum and, by proxy, Dogecoin.

This Needs To Happen

If Bitcoin stability endures and macro conditions—softening inflation, steady labor data, potential Fed easing—remain supportive, Kevin’s next “main price target” is the 2021 all-time high just under $1.00. A decisive break there would turn eyes to the cycle’s 1.618 extension near $3.80.

“I’d be shocked at this point if we don’t go to that level,” he said, while stressing disciplined profit-taking: “There’s nothing worse than riding a move all the way up and not taking profits.”

Kevin rebuffed the wilder six-and-seven-dollar predictions circulating on social media but insisted that a $3-plus Dogecoin is “absolutely possible” if Bitcoin pushes toward $200,000, quantitative tightening ends, and a full-blown altcoin season erupts.

Dogecoin remains “one of the most popular cryptocurrencies on the planet,” the analyst observed. “When retail comes piling back in, they’re always piling back into Dogecoin.” That psychological feedback loop, combined with a structurally bullish chart and improving momentum gauges, underpins his conviction that the memecoin could reprise its role as the spearhead of a broader altcoin surge.

Whether the market delivers the necessary macro tailwinds is the wildcard. But Kevin’s message was unambiguous: for now, Dogecoin’s technical canvas paints a credible route to $1, and the elusive $3.80 marker “is possible—if Bitcoin holds ground and the macro stays peachy.”

At press time, DOGE traded at $0.243.

Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin.

Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu

Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice.

One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support.

Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021.

Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing.

Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here.

“The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion.