Chakram is a Tier 2 item and the base form of a series of Unique Weapons. It is a throwing weapon that returns to the player once thrown. It will bounce off any surface it strikes and always returns to the character that originally threw it.
Because it's one handed players can hold one in each hand. It is not consumed when thrown and can be used over and over.
The Chakram has a base power of 6 and a 0.6-second delay after catching it before it can be thrown again. The maximum distance that the Chakram can travel before it begins to return to the thrower is 10 blocks.
When upgraded at a Weapon Upgrade Anvil to tier 6, the Chakram's base power increases to 14. Additionally, its appearance changes to the one shown below.
Apart from the addition of a gold star to the name, no other changes occur as a result of the upgrade.