Helicone vs LangSmith
Updated March 9, 2026
Overview
Helicone is an open-source LLM observability and proxy platform. By adding a single line of code, developers get request logging, cost tracking, caching, rate limiting, and analytics for their LLM applications. Helicone supports all major LLM providers and offers both proxy and async logging modes. Popular with startups for its generous free tier and simple integration.
LangSmith is LangChain's observability and evaluation platform for LLM applications. It provides detailed tracing of every LLM call, chain execution, and agent step—showing inputs, outputs, latency, token usage, and cost. LangSmith includes annotation queues for human feedback, dataset management for evaluation, and regression testing for prompt changes. It's the most comprehensive debugging tool for LangChain-based applications.
Key features
Core capabilities each platform advertises.
- Trace visualization for LLM chains
- Prompt versioning and management
- Evaluation and testing suite
- Dataset management
- Tight LangChain integration
Strengths and tradeoffs
What each tool does well, and the limitations to keep in mind.
Pros
- Open-source with 5.2K GitHub stars and strong community support
- Minimal latency overhead (under 1ms for self-hosted)
- Flexible deployment options including cloud-hosted, self-hosted, or SDK-only
- Y Combinator-backed with SOC 2 Type II and HIPAA compliance
- No code changes required for AI Gateway features like caching and rate limiting
Cons
- Adds computational cost and one network hop for cloud deployment
- Limited pricing transparency on website
- May require infrastructure expertise for self-hosted setup
Pros
- Deep integration with LangChain framework provides unmatched observability for LangChain applications
- Comprehensive evaluation capabilities with custom metrics and automated regression testing
- Excellent tracing UI with detailed step-by-step execution visualization
- Strong dataset management and annotation workflows for human feedback
Cons
- Tight coupling to LangChain ecosystem limits flexibility for non-LangChain applications
- UI scalability issues reported when working with very large datasets
- Production testing limitations - relies primarily on production logs for test datasets
- SaaS-only deployment with no self-hosting option may not suit all enterprise requirements
Helicone or LangSmith — which should you choose?
Choose Helicone if you wantChoose if you want
Choose LangSmith if you wantChoose if you want
- Debugging LangChain and LangGraph applications
- Prompt iteration and A/B testing
- LLM output evaluation and scoring
- Team collaboration on prompt engineering
- Regression testing for LLM apps
Compare Helicone and LangSmith on your own traffic
Respan lets you trace LLM and agent calls across any model or framework, A/B test prompts on production traffic, and route requests across 500+ models through one gateway.