Rune Hatchet is the second best hatchet in Project Dream. It can be used for combat or to cut down trees. It requires an Attack level of 40 to be equipped, and a Woodcutting level of 41 to be used. It can be bought from Bob east of ::home for 12,800 coins.
Rune Hatchet can be made with the Smithing skill at level 81 using one bar.