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From Terraria Wiki
The Palladium Waraxe is a Hardmode axe that is obtainable after defeating the Wall of Flesh, and is the axe alternative to the Palladium Chainsaw. It is one of the earliest available axe tools upon entering Hardmode, as is its slightly weaker alternate the Cobalt Waraxe. Like all other axes and chainsaws, it is solely used to cut down trees, cacti, and giant glowing mushrooms.
Its best Modifier is Legendary. While Light may seem to provide a better speed boost by percentages, after rounding Legendary and Light mine at equal speeds.
- 1.2.3: Required bars increased from 10 to 12.
- 1.2: Introduced.