Sablier Labs has halted active product development, while continuing support for existing users until June 2028. According to NS3.AI, the company’s founder, Paul Razvan Berg, said both user numbers and revenue fell sharply even as the team went through what he described as a record period of launching new features.
Berg attributed the decline to broader pressure from a crypto market downturn and intensifying competition, including lower-cost rivals using AI-assisted development. He said these factors weighed on the company despite its recent pace of product releases.
The company did not announce a timeline for resuming development, but said it will keep supporting current users through June 2028.