The pastel-coloured, dance-heavy video was watched 101.1 million times in 24 hours after its release last Friday.
That surpasses the previous record, set by fellow K-Pop band Blackpink, whose song How You Like That racked up 86.3 million views in 24 hours in June.
Dynamite is also the first video to achieve 100 million views in one day.
More than three million fans also tuned in to watch the clip's live premiere - almost double the previous record, also held by Blackpink's How You Like That.
