Upon its release the Dragon Hatchet only needed a Woodcutting level of 41 (same as a rune hatchet), but could only cut logs at the same rate as a Rune hatchet. It was simply considered a more expensive, red-coloured Rune hatchet with better combat stats (which Jagex actually confirmed in the knowledge base earlier). On 22 Aug 2006, its log cutting ability was increased to be about 5-10% faster than a rune hatchet, and its Woodcutting level was increased to 61. Now it is popular among members for cutting trees such as Magic trees, Yew trees, Maple trees, Willow trees and Ivy due to its faster cutting speed that allows for more logs in the same amount of time; therefore, faster experience and cash if selling the logs.
While chopping Mahogany logs at level 85 woodcutting, the Dragon hatchet is up to 25% more effective than a rune hatchet.
On 1 April2009, Jagex officially changed the names of all Woodcutting "axes" to "hatchets" to avoid confusion with battleaxes and pickaxes.
Upon release of the Woodcutting Rebalance update on 23 September 2009, the dragon hatchet spiked in price, reaching slightly above 3 million coins.
As with all dragon equipment the dragon hatchet is unique in appearance to their lesser metal counterparts; the dragon hatchet's blade looks more like a dragon's wing (similar to the dragon halberd's) than a regular hatchet blade.
Unlike the image of the dragon hatchet at the top of the page, the ingame model has an indentation where the handle is. Although very hard to see, this could have been a hidden update added by Jagex.
The dragon hatchet started seeing a sharp rise after the EoC update after players realized Dagganoth kings were much harder to kill.
Whilst sheathed, the hatchet still appears to be worn on the back and it is duplicated in the players hand as they cut down trees, giving the appearance of 2 separate hatchets.