Pixie Dust

Pixie Dust is a common Hardmode crafting material that always drops from Pixies.

Crafting[]

Result	Ingredients	Crafting station
only: Holy Water 10	Bottled Water10 Pixie Dust2 Hallowed Seeds	By Hand
only: Holy Water 5	Bottled Water Pixie Dust5 Hallowed Seeds	By Hand
only: Fairy Bell	Bell Pixie Dust80 Soul of Light12 Soul of Sight20	Mythril Anvil or Orichalcum Anvil
only: Fairy Bell	Bell Pixie Dust25 Soul of Light8 Soul of Sight10
only: Fairy Wings	Soul of Flight20 Pixie Dust100
only: Fairy Wings	Soul of Flight20 Pixie Dust99
only: Holy Arrow 200	Wooden Arrow200 Pixie Dust3 Unicorn Horn
only: Holy Arrow 45	Wooden Arrow45 Pixie Dust6 Unicorn Horn
Meteor Staff	Meteorite Bar20 Pixie Dust10 Soul of Light10
only: Rainbow Rod	Crystal Shard30 Unicorn Horn4 Pixie Dust60 Soul of Light10 Soul of Sight20
only: Rainbow Rod	Crystal Shard10 Unicorn Horn2 Pixie Dust10 Soul of Light8 Soul of Sight15
only: Greater Healing Potion 3	Bottled Water3 Pixie Dust3 Crystal Shard	Placed Bottle or Alchemy Table
only: Greater Healing Potion	Bottled Water Pixie Dust3 Crystal Shard	Placed Bottle or Alchemy Table

The best way to monetize extra pixie dust is probably to make Greater Healing potions. A stack of 99 pixie dust, 33 crystals, and 100 sand/50 glass makes 363 (58%) profit over the sale price (mostly from the crystals) of the ingredients. Use of an Alchemy Table will increase the yield by 50% (about 5 of extra profit).
Wings are also profitable, but the various "wing tokens" (which can only be used for wings) provide competition for the Souls of Flight.

Desktop 1.3.0.1:
- Sprite updated.
- Now used to craft Meteor Staff.
- Crafting requirements lowered in Holy Water, Holy Arrow, Fairy Bell, and Rainbow Rod.