Practical uses
- Track LLM API costs in production.
- Monitor latency and errors.
- A/B test models and prompts.
Pros and cons
What Helicone does especially well — and the limits to anticipate.
Pros
- Open-source (MIT) for self-hosting.
- Gateway pass-through (300+ models).
- Detailed cost tracking.
- Caching and optimizations.
Cons
- Project in maintenance mode since March 2026.
- Reduced team post-acquisition.
- More active alternatives emerging.
Helicone: when it makes sense.
Helicone was standard for LLM observability; since Mintlify acquisition (March 2026), prefer active alternatives.
Keep if
You deploy LLM apps to production.. You want to track costs and performance.
Challenge if
You don't have an LLM app deployed.. The Helicone project is in maintenance (since March 2026).