Uniswap Maintains $95M Asset Base Amid Bancor Patent Lawsuit and Rising DeFi Competition

The Uniswap Foundation has published its Q1 2025 financial report, showcasing a robust asset base of approximately $95 million and reaffirming its leadership within the decentralized finance (DeFi) space. However, the organization now faces fresh legal pressure from Bancor, which has filed a patent infringement lawsuit—marking a new chapter in the growing rivalry among automated market maker (AMM) protocols.

Strong Financial Position Secures Long-Term Stability

As of March 31, 2025, the Uniswap Foundation reports a healthy allocation of $115.1 million dedicated to grants and operational activities, ensuring the organization's sustainability through at least January 2027.

The breakdown of Uniswap’s current holdings includes:

• $53.4 million in cash and stablecoins
• 15.8 million UNI tokens
• 257 ETH

Together, these assets amount to roughly $95 million. In a strategic move to improve liquidity without disrupting token markets, Uniswap also staked 5 million UNI to borrow $29 million, offering stability while preserving its long-term upside potential.

Commanding Market Share in Ethereum DEX Sector

Uniswap remains the dominant force among decentralized exchanges on Ethereum, capturing an impressive 67.6% of the total weekly DEX trading volume. Over a recent seven-day period, Ethereum DEXs processed around $16 billion in trades, with Uniswap alone accounting for $10 billion of that figure.

This commanding share further strengthens Uniswap’s status as a leading DeFi platform, appealing to both individual and institutional traders due to its liquidity, transparency, and user-focused design. Uniswap’s continued growth aligns with broader trends in DeFi, as investors re-engage with protocols amid a mid-year rally in ETH and other altcoins.

Facing a Legal Challenge from Bancor

While its financial and market performance remain strong, Uniswap is now confronting legal scrutiny from competitor Bancor. In a newly filed lawsuit, Bancor accuses Uniswap of infringing on patented AMM technology.

Bancor’s Project Lead, Mark Richardson, stated:

“Protecting our intellectual property is fundamental to the health of the ecosystem. If companies like Uniswap can act unchecked, it risks undermining innovation across DeFi.”

Uniswap has denied the allegations and characterized the lawsuit as a “costly distraction,” signaling its intent to vigorously defend itself. Although legal battles carry risks—including potential reputational damage and financial costs—Uniswap’s strong asset base leaves it well-positioned to weather the storm.

Looking Ahead

With the Unichain L2 launch on the horizon and increased competition from players like PancakeSwap and Curve Finance, Uniswap is entering a pivotal phase. Its continued dominance will depend not only on product innovation but also on its ability to resolve legal hurdles without losing momentum.