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1$ per secret a month sounds extremely cheap considered on how much does it host to run vault

You can run vault on a single t3.medium backed by s3 with auto unseal and get pretty decent performance.

If you don’t care about silly things like high availability and reliability. Hashicorp even recommends a cluster of three.

And what business at scale is optimizing over 0.25 per secret and doesn’t care about HA?