Harshal Madnani
In an industry driven by technological breakthroughs, 18-year-old Harshal Madnani has emerged as a standout innovator in the Web3 space. As the Co-Founder and Chief Product Officer of EdgeIn-Xade, Madnani has propelled the company to achieve $20 million in trading volume and $200,000 in annual recurring revenue (ARR). His journey from a curious teenager to a key player in decentralized finance (DeFi) reflects his dedication and foresight in tackling the challenges of modern finance.
Madnani's fascination with blockchain began at the age of 13 when he ventured into cryptocurrency trading. His experiments with arbitrage and trading bots allowed him to grasp the intricacies of the digital finance ecosystem early on. "For me, blockchain was more than a technology - it was a tool to revolutionize how people access financial systems," said Madnani.
This passion culminated in the founding of Xade Finance in January 2022, a DeFi platform designed to simplify blockchain-based financial systems for users worldwide. Xade addressed common challenges in the DeFi space, such as liquidity fragmentation and complicated interfaces, by offering innovative solutions like stablecoin transfers via email or phone numbers and a seamless mobile app experience.
In less than two years, Xade Finance achieved remarkable success. The platform attracted 10,000 users and facilitated $1 million in transaction volume while securing a valuation of $10 million. Industry leaders took notice, with renowned Web3 advisor Ajeet Khurana becoming Xade's first investor and advisor, guiding the company's strategic growth.
By the end of 2024, Xade reached an impressive $20 million in trading volume, further cementing its position in the DeFi space. In a landmark move, the company merged with EdgeIn, a leading U.S.-based Web3 data company. This merger resulted in the creation of EdgeIn-Xade, a global entity combining DeFi expertise and advanced blockchain data solutions.
EdgeIn-Xade now boasts $200K in ARR and has secured $1.4 million in funding to fuel its next growth phase. Speaking about the merger, Madnani shared, "Our goal has always been to make decentralized finance intuitive and accessible. With EdgeIn, we're poised to scale faster and tackle the real challenges faced by users in the DeFi ecosystem."
Madnani's journey exemplifies the transformative power of determination and innovation. At just 18, he has set a benchmark for young entrepreneurs aspiring to make a mark in the rapidly evolving world of Web3 and decentralized finance.
About EdgeIn-Xade
EdgeIn-Xade is a pioneering Web3 company revolutionizing decentralized finance and blockchain data solutions. The company focuses on simplifying financial systems for users worldwide while addressing critical challenges in the DeFi space. By leveraging cutting-edge technology and innovative strategies, EdgeIn-Xade is reshaping the future of finance.
