MA
We re-ran 85 strategies under Lighter's 89% lower trading fees. 78 of them improved.
Minara re-ran 85 trading strategies under Lighter's 0.005% flat fee versus HyperLiquid's 0.015% maker/0.045% taker fees, with profitability rising from 31.2% to 43.8%. The 89% fee reduction flipped 10 strategies from losses to profits, concentrated in the 100-499 trade bucket where gross per-trade edge exists but fee drag previously eliminated it—an ETH strategy with 716 trades moved from -17.2% to +10.2% PnL, while a profitable BTC strategy gained 119 annualized percentage points of return on identical trades.