The present disclosure provides an excitation fuse with a conductor and a fusant being sequentially broken, the excitation fuse comprising a housing and a cavity in the housing, wherein at least one conductor is provided to be inserted in the housing and the cavity and has two ends connected with an external circuit; at least one fusant is provided in parallel on the conductor; an excitation device and a breaking device are mounted in the cavity at one side of the conductor; the excitation device may receive an external excitation signal to act to drive the breaking device to sequentially form at least one fracture on the conductor and the fusant respectively; and at least one fracture on the conductor is connected in parallel with the fusant.