Despite the initial hype of the UNI token drop, culminating in a $44 ATH in 2021, and the growth of its user base and transaction volume over the past year, UNI has traded at around -80-90% of the ATH and still has not broken out. It finally broke $6, joining the current run.
Looking at the 1D chart since token launch, it seems the token price is not reflecting the unique first-mover position Uniswap holds, being the most widely used swapping DEX on ETH.
Disclosure/tl;dr I hold no UNI positions, I use Uniswap all the time, I’m looking for an entry. Thoughts and opinions welcome! Show Less
