Why is Uniswap falling?

Could you possibly enlighten me as to why Uniswap has been experiencing a downward trend? I've noticed its price has been fluctuating quite significantly and I'm curious as to what factors might be contributing to this decline. Is it perhaps due to market volatility? Or could it be related to the competition from other decentralized exchanges? Maybe there's been some regulatory changes that have impacted its performance? I'm keen to understand the reasons behind this phenomenon and how it might affect the future of Uniswap.