Dynamite

Dynamite is the strongest of all Explosive Consumables, destroying a great area when thrown. Dynamite can destroy almost any known block, exceptions being Dungeon Bricks and Hellstone. At point blank range, dynamite causes a total of 500 damage.

Dynamite may be found in chests or bought from the Demolitionist.

Mining meteorites
Dynamite works exceptionally well for mining meteorites. 1-3 dynamite strategically placed will mine 80-90%, if not all, of the meteorite. This will instantly stop more Meteor heads from spawning and allow you to safely mine the remaining ore with your pickaxe.

Blast Mechanics
Dynamite has a blast radius of 14 ft (7 blocks). Blast power is not affected by intervening material, it will destroy every block and wall it can destroy within a 14 ft radius.