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Written by Max Zeshut
Founder at Agentmelt · Last updated Aug 26, 2026
A structured log of every step an AI agent took during a single run—each LLM call, tool invocation, intermediate decision, token count, latency, and outcome. Traces are the primary debugging artifact for production agents: when a customer reports a bad outcome, the trace shows exactly which retrieval missed, which tool returned the wrong data, or which model decision led the run astray. Observability platforms (LangSmith, Braintrust, Arize, Logfire) specialize in capturing and querying agent traces. A trace is the debugging view of a run; when the same reasoning-and-action record is retained durably and made tamper-evident, it becomes the audit trail that underpins accountability — the trace answers 'why did it do that?', the audit trail proves it later.