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Loki is free and open source from Grafana Labs. Grafana Cloud includes a free tier for Loki logs.
Loki is a log aggregation system designed to work with Grafana. Unlike Elasticsearch, it only indexes labels making it much cheaper to run at scale.
Loki is simpler and more cost-effective, indexing only labels. Elasticsearch offers full-text search but costs more. Loki is great for Grafana users who want affordable logging.
Source: grafana.com