The dynamic response of the turbine blade materials is indispensable for analysis of erosions of turbine blades as a result of impulsive loading associated with gas flow. This paper is concerned with the dynamic hardening equation of the Nickel-based superalloy Inconel 718 which is widely used in the high speed turbine blade. Reported representative dynamic hardening equations have been constructed and evaluated using the dynamic hardening characteristics of the Inconel 718. Dynamic hardening characteristics of the Inconel 718 have been obtained by uniaxial tensile tests and SHPB tests. Uniaxial tensile tests have been performed with the variation of the strain rate from 0.001/sec to 100/sec and SHPB tests have been conducted at the strain rate ranging up to 4000/sec. Several existing models have been constructed and evaluated for Johnson-Cook model, Zerilli-Armstrong model, Preston-Tonks-Wallace model, modified Johnson-Cook model, and modified Khan-Huang model using test results at various strain rate conditions. The most applicable equation for the Inconel 718 has been suggested by comparison of constructed results.