Data as of Aug 25, 2026 · Based on 38 AI responses from ChatGPT Search and Google AI Mode · See how Parse measures this
Your brand can be here too.
To track tokens, latencies, model errors, and multi-step tool calls, you need LLM observability and tracing platforms . Traditional APMs (like Datadog or New Relic) see only raw HTTP requests, missing the semantic chain of agent steps, internal thoughts, and tool arguments.
The top products solving AI observability are categorized below by how they integrate into your stack:
Dedicated AI Tracing & Observability Platforms
These tools provide deep, span-level telemetry specifically built to capture prompts, completions, token usage breakdown, latency per step, and tool execution payloads.
AI Gateways with Built-In Observability
If you want to manage LLM traffic, rate limits, caching, and failovers while automatically logging metrics without heavy SDK instrumentation in every file, a gateway approach works best.
Alternative & Open-Source Contenders
If you can share whether you are self-hosting or using a cloud service , and whether your application uses vanilla API calls or an agent framework (like LangChain, LlamaIndex, or custom loops), I can narrow down the best fit for your architecture.
For production AI applications, you generally want LLM/agent observability, not just traditional APM. The important signals are:
Common products:
| Product | Best fit | Strengths |
|---|---|---|
| LangSmith | Teams building agents, especially with LangChain/LangGraph | Deep traces, debugging, datasets, evaluations, agent workflows |
| Langfuse | Teams wanting open source/self-hosting | Tracing, token/cost analytics, prompt management, evaluations |
| Arize AI / Arize Phoenix | AI engineering teams, RAG-heavy apps | Trace inspection, retrieval debugging, embeddings, evaluations |
| Datadog LLM Observability | Enterprises already using Datadog | Correlates AI telemetry with logs, metrics, infra, security |
| Braintrust | Teams focused on eval-driven development | Experiment tracking, datasets, automated scoring |
| Helicone | Fast API-level visibility | Drop-in request logging, cost, latency, provider monitoring |
| Portkey | Multi-model production routing | Gateway, fallbacks, routing, logging, guardrails |
| Weights & Biases Weave | ML teams already using W&B | Experiment tracking + LLM tracing |
Maxim StackBriefly## How I’d choose
Start with:
Turion LangChain### If you mainly need cost + latency monitoring
Look at:
These are closer to an LLM gateway/operations layer.
A common architecture is:
Application
|
OpenTelemetry instrumentation
|
+----------------------+
| AI observability |
| traces + evals |
+----------------------+
|
+----------------------+
| Existing APM |
| Datadog/New Relic/etc |
+----------------------+
Many teams combine:
Morph Web3AIBlogFor a new AI product today, a practical shortlist would be:
Turion LangChainI would also make sure whichever tool you pick supports OpenTelemetry, because it reduces lock-in and lets you change backends later.
To track tokens, latency, model errors, and complex tool calls in AI and agentic applications, a dedicated class of LLM Observability and Evaluation platforms has emerged. These tools record multi-step traces, map out tool execution arguments, and measure performance metrics.
The leading products solving this space fall into distinct categories depending on your preference for open-source, SaaS, or enterprise stack alignment:
To help narrow down which tool fits best, tell me:
Yes. What you’re describing is usually called LLM/AI observability or agent observability. The main products I’d shortlist are:
| Product | Best fit | Tokens / cost | Latency & errors | Tool/agent traces | Evals | Self-host |
|---|---|---|---|---|---|---|
| Langfuse | Best general-purpose / open source | ✅ | ✅ | ✅ | ✅ | ✅ |
| LangSmith | LangChain/LangGraph-heavy teams | ✅ | ✅ | ✅ Excellent | ✅ | Limited |
| Arize Phoenix | OpenTelemetry + self-hosting | ✅ | ✅ | ✅ | ✅ | ✅ |
| Braintrust | Evaluation + production monitoring | ✅ | ✅ | ✅ | ⭐ Excellent | No |
| Datadog LLM Observability | Companies already using Datadog | ✅ | ⭐ Excellent | ✅ | ✅ | Enterprise |
| W&B Weave | ML-heavy organizations | ✅ | ✅ | ✅ | ⭐ Excellent | — |
| AgentOps | Agent-specific debugging/monitoring | ✅ | ✅ | ⭐ Excellent | ✅ | — |
I'd separate observability from evaluation:
Observability answers:
What happened during this request? You want a trace like:
user request → LLM → retrieval → tool call → LLM → tool call → final response
with tokens, cost, latency, errors, prompts/responses, tool arguments/results and metadata attached to each span.
Evaluation answers:
Was what happened actually good? That's where things like hallucination detection, answer correctness, tool-selection quality, policy compliance, user feedback and regression tests come in. Modern platforms increasingly combine both, but their strengths differ.
I'd run the same production-like agent through Langfuse, LangSmith, Phoenix, Braintrust and Datadog and score them on:
For a new production AI platform today, my default shortlist would be Langfuse + Phoenix + LangSmith + Braintrust, with Datadog added if you're already standardized on it. The market is also increasingly converging on OpenTelemetry, which makes the underlying instrumentation choice almost as important as the observability vendor.
One caveat: I would not make Helicone my first choice for a new deployment. Recent 2026 sources report its acquisition by Mintlify and a move toward maintenance mode, despite its historically attractive proxy-based simplicity.
Evaluation answers:
Was what happened actually good? That's where things like hallucination detection, answer correctness, tool-selection quality, policy compliance, user feedback and regression tests come in. Modern platforms increasingly combine both, but their strengths differ.
To monitor and debug tokens, latency, model errors, and tool calls in AI applications, you need LLM/Agent Observability platforms . Traditional APM tools (like standard Datadog or New Relic without their AI modules) only see HTTP requests and miss the semantic payload, step-by-step reasoning, and tool trajectories.
The top products solving this space are categorized below by how they fit into a tech stack:
These are purpose-built for tracing multi-step agent graphs, tool executions, and LLM input/output payloads.
If your SRE/Ops team already relies on a major enterprise monitoring platform, these extensions pull AI telemetry directly into existing dashboards.
If you can share your preferred deployment model (fully managed cloud vs. self-hosted/open source) and whether your stack uses OpenTelemetry or specific frameworks like LangGraph or CrewAI , I can help narrow down the ideal product fit.
For AI application observability (LLM apps, RAG systems, agents), you’re looking for tools that go beyond traditional APM. The important signals are usually:
The main products in this category are:
| Product | Best fit | Strengths |
|---|---|---|
| LangSmith | Teams using LangChain/LangGraph | Excellent agent traces, prompt iteration, datasets, evaluations, debugging workflows |
| Langfuse | Teams wanting open source/self-hosting | Framework-agnostic tracing, token/cost tracking, sessions, prompts, evaluations |
| Arize AI / Arize Phoenix | ML-heavy teams, RAG applications | Strong tracing plus evaluation, retrieval debugging, embedding analysis |
| Braintrust | Teams focused on quality measurement | Experimentation, eval datasets, LLM-as-judge workflows |
| Helicone | Quick LLM API monitoring | Easy proxy-based setup, request analytics, cost tracking |
| Datadog LLM Observability | Enterprises already on Datadog | Combines AI traces with infrastructure/application monitoring |
| Weights & Biases Weave | ML teams already using W&B | Experiment tracking plus LLM tracing/evaluation |
1. Production AI agent application
2. Need self-hosting / sensitive data
3. Building RAG systems
4. Already standardized on LangChain
5. Need enterprise-wide observability
A common 2026 stack looks like:
Application
|
OpenTelemetry / AI instrumentation
|
+----------------+
| AI Observability|
+----------------+
| Langfuse |
| LangSmith |
| Phoenix |
| Braintrust |
+----------------+
|
APM / Logs / Metrics
(Datadog, Grafana, Splunk, etc.)
For a greenfield AI product, I’d typically shortlist Langfuse vs LangSmith vs Phoenix first; they cover the core “what happened inside my AI system?” problem most directly.
Yes. This is now a fairly mature LLM/AI observability category. The main products I'd evaluate are:
| Product | Best fit | Tokens / cost | Latency & errors | Tool/agent traces | Evals | Self-host |
|---|---|---|---|---|---|---|
| Langfuse | Open-source, broad LLM observability | ✅ | ✅ | ✅ | ✅ | ✅ |
| LangSmith | LangChain/LangGraph & agent teams | ✅ | ✅ | ✅ Excellent | ✅ Excellent | Partial |
| Braintrust | Observability + eval/release workflow | ✅ | ✅ | ✅ | ⭐ Excellent | No |
| Arize AI / Phoenix | OpenTelemetry/open-source | ✅ | ✅ | ✅ | ✅ | ✅ |
| **Datadog LLM Observability | Existing Datadog customers | ✅ | ⭐ Excellent | ✅ | ✅ | No |
| Helicone | Fast, low-friction API monitoring | ✅ Excellent | ✅ | Basic–good | Some | ✅ |
| **Weights & Biases Weave | ML-heavy teams / experiments | ✅ | ✅ | ✅ | ⭐ Excellent | No |
| Galileo AI | Agent monitoring, quality & guardrails | ✅ | ✅ | ✅ | ⭐ Excellent | No |
These platforms generally capture much more than conventional APM: prompts/responses, model/provider metadata, token consumption and cost, latency, errors, nested agent/tool traces, and—increasingly—evaluation and quality signals.
If you're building a general-purpose AI application:
I'd start with Langfuse, Braintrust, and Arize Phoenix. They are the strongest shortlist if you want actual AI-specific traces rather than merely wrapping LLM API calls in conventional logs.
If you're using LangChain/LangGraph:
LangSmith is probably the obvious choice because the instrumentation and agent visualization are deeply integrated.
If self-hosting/data control matters:
Look hardest at Langfuse or Phoenix. Both are open-source/self-hostable and use OpenTelemetry-oriented approaches.
If your organization already runs Datadog:
I'd strongly consider Datadog LLM Observability rather than introducing another monitoring system. It puts LLM/agent telemetry alongside infrastructure and service telemetry.
If evaluation is as important as observability:
I'd put Braintrust near the top. Its differentiator is connecting production traces to datasets/evals and ultimately release-quality decisions, rather than treating observability as just a dashboard.
If you want the quickest "just show me every API call, token count and cost" solution:
Helicone is worth looking at; its proxy architecture makes it particularly easy to introduce with minimal application changes.
I'd separate the market into three layers:
Traditional APM — Datadog/New Relic/etc.
Great for service latency, HTTP errors, CPU, infrastructure, etc.
LLM observability — Langfuse, LangSmith, Phoenix, Braintrust, Helicone, etc.
Answers "What did the AI application actually do?"—model calls, prompts, tokens, retrieval, tool calls, agent steps, cost, etc.
AI quality/evaluation — Braintrust, Phoenix, LangSmith, W&B Weave, Galileo, etc.
Answers "Was what it did actually good?"—hallucination, relevance, correctness, safety, regression testing, human feedback, and automated evals.
For an agentic application, #2 + #3 are increasingly inseparable. A trace showing that an agent made five tool calls is useful; knowing that the third tool call was wrong and caused the final answer to fail is considerably more valuable.
If you tell me your stack (e.g. OpenAI/Anthropic + Python/Node + LangGraph or custom agents + Datadog or OpenTelemetry), I can narrow this to the 3 best choices and compare architecture, pricing, and instrumentation effort.
Helicone
helicone.ai
To capture tokens, latency, model errors, and tool calls across modern AI applications and multi-step agents, the market has converged on specialized AI observability platforms.
The top products solving this span open-source self-hosted tools, developer-first SaaS, and enterprise APM extensions.
Dedicated AI Observability & Tracing Platforms
OpenInference ), it excels at tracing agent steps, tool calls, and retrieval (RAG) quality while offering an open-source local/self-hosted on-ramp.Proxy & Gateway-Based Tools
Enterprise APM Extensions
If you can share your primary programming language/framework (e.g., Python/LangGraph, TypeScript, custom API calls) and whether you require a self-hosted/open-source deployment or a managed cloud SaaS , I can recommend the exact tool that fits your stack.
Yes. The category is usually called LLM/AI observability or agent observability. For your requirements—tokens, latency, model errors, and tool calls—there are several credible options.
| Product | Best for | Tokens / cost | Latency & traces | Tool/agent calls | Evals |
|---|---|---|---|---|---|
| Langfuse | Open-source, general-purpose AI observability | ✅ | ✅ | ✅ | ✅ |
| LangSmith | LangChain/LangGraph applications | ✅ | ✅ | ✅ Excellent | ✅ Excellent |
| Arize Phoenix | Open-source tracing + ML/LLM debugging | ✅ | ✅ | ✅ | ✅ |
| Braintrust | Observability tightly coupled with evaluations | ✅ | ✅ | ✅ | ⭐⭐⭐ |
| Datadog AI/Agent Observability | Enterprises already using Datadog | ✅ | ✅ Excellent | ✅ | Growing |
| Amazon OpenSearch AI Observability | AWS/OpenSearch environments | ✅ | ✅ | ✅ | Some |
| OpenTelemetry + backend | Avoiding vendor lock-in | ✅ | ✅ | ✅ | Backend-dependent |
OpenTelemetry's GenAI semantic conventions are increasingly important here: they standardize things such as model, input/output tokens, latency, finish reasons, and structured tool-call information.
1. Langfuse — probably the strongest default
Good choice if you have a heterogeneous AI stack and want something developer-oriented. It provides traces down to individual LLM calls, token usage/cost, latency, prompts, and tool/agent execution. It is also self-hostable, which is a major advantage if prompts and outputs contain sensitive data. Current market comparisons consistently put it among the leading general-purpose choices.
2. LangSmith — best if you're using LangChain/LangGraph
If your applications are built around LangChain or LangGraph, I'd seriously consider this first. The hierarchical view of an agent run—LLM → retrieval → tool → LLM → tool → final response—is particularly useful for debugging agents.
3. Arize Phoenix — strongest open-source alternative
Worth looking at if you want deep tracing and evaluation capabilities without committing to a proprietary observability platform. It is particularly attractive for teams with ML/AI engineering expertise.
4. Braintrust — best if "did the model do the right thing?" matters
I'd choose this when observability is only half the problem and you also need systematic evaluations, regression testing, datasets, and experiment comparison. In other words, it moves toward AI quality engineering, rather than just APM.
5. Datadog — best enterprise consolidation play
If you're already deeply invested in Datadog, its AI/agent observability is compelling because you can correlate AI traces with the rest of your application's infrastructure. OpenTelemetry-based AI telemetry is also increasingly supported across conventional observability stacks.
Don't make the observability vendor your instrumentation layer.
Use OpenTelemetry/GenAI semantic conventions as the underlying telemetry model, then send that telemetry to whichever backend you choose. OTel now defines standard attributes for things like:
gen_ai.request.modelThat gives you considerably more freedom to change observability vendors later.
For an AI agent, the trace you ultimately want looks roughly like:
User request
└─ Agent run 8.2s
├─ LLM: GPT-5 1.8s 2,340 tokens
├─ Tool: search 0.7s
├─ LLM: GPT-5 2.1s 1,120 tokens
├─ Tool: database 0.4s
├─ Tool: payment API 1.6s ❌ timeout
└─ LLM retry 1.6s 890 tokens
That's much more useful than simply recording "POST /v1/chat/completions = 200."
If I were evaluating this today: I'd do a bake-off between Langfuse, LangSmith, Braintrust, and Datadog, while instrumenting the application with OpenTelemetry underneath. That gives you coverage of the four distinct questions: what happened, how much did it cost, why was it slow/broken, and was the result actually good?
To track tokens, latency, model errors, and tool calls in AI and agentic applications, you need tools capable of step-level distributed tracing rather than traditional server metrics.
The leading products that solve this space fall into three distinct categories depending on your architecture and deployment needs:
These tools are built from the ground up to render multi-step agent loops, tool executions, and token metrics.
These platforms sit directly in your application's data path as an API proxy, capturing token usage, errors, and latencies instantly without heavy SDK adoption.
If your engineering organization already runs centralized monitoring and wants AI data correlated directly with standard application logs and infrastructure metrics:
If you tell me your primary programming language/framework (e.g., Python/LangGraph, TypeScript, custom setup) and whether you prefer an open-source/self-hosted or managed cloud solution, I can recommend the exact tool to start with.