Is Uniswap coin a good investment?

The Uniswap (UNI) token was a hit with cryptocurrency traders throughout 2021, enjoying considerable gains over its short lifespan . Coming into 2022, the decentralised exchange (DEX) token encountered a downturn as the altcoin market went into a decline.

The price of Uniswap has risen by 18.74% in the past 7 days. The price increased by 8.37% in the last 24 hours. In just the past hour, the price grew by 1.78%.

The first version (V1) of the Uniswap protocol was published in November 2018 as a proof-of-concept for AMMs (Automated Market Makers). Version 2 was launched in May 2020, and Version 3 was launched in May 2021, introducing new options to allocate liquidity within a certain price range.

As long as there is a liquidity pool for a token, it can be launched on the platform and made available to users. Is Uniswap a Good Investment? Uniswap is the largest decentralised exchange by trading volume . The platform is also a giant in the DeFi space, so the asset is undoubtedly popular among crypto enthusiasts.