Why is Uniswap so cheap?

I've noticed that Uniswap's token price seems relatively low compared to some other popular cryptocurrencies. Could you explain why that might be the case? Is it because Uniswap is still a relatively new protocol and hasn't yet achieved widespread adoption, or are there other factors at play? As a potential investor, I'm trying to weigh the pros and cons of investing in Uniswap, and understanding its current valuation is an important part of that process.