a Kukri or heavy blade short machete will process a lot of wood though they may weigh as much as a small hatchet and a hatchet will chop easier because it doesn't get stuck in the log while chopping.
the Fiskars X7 only costs $25 and is a hatchet that punches way above it's weight class. you won't do any felling or splitting of large logs with it but for around the campfire, it's a winner.
I have a Gransfors Bruks Small Forest Axe and is the one I take with me in my pack. it's the best compromise of weight and capability. with a 19" handle and 1.5lb head you can use it for everything up to about 6" logs.
you can choke up both of these axes to make shavings for tinder and eliminate the need for a large knife.
for pure grunt neither of these compare to a larger axe in the 24"-26"/2.5lb head axe, what we used to call a 3/4 axe. this will fell and limb larger trees but are a little clumsy to make kindling. I can get away very easily with just this axe and a 4" knife...
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