dYdX team’s Arcus opens Season 1 points; first week median just 1.53

The distribution skew is the story: with a median of just 1.53 points against an average of 25.88, and the top 100 addresses capturing nearly 45% of a week's allocation, the program's rewards are landing heavily with a small cohort rather than the broader base of participants. That matters because points programs function as a retention and liquidity-acquisition tool, and a long tail earning almost nothing may not stick around once the weekly incentive is the only reason to trade. Whether the concentration narrows in later weeks, or volume holds up without proportional rewards, is the open question.