The blown part is a voltage regulator with two of the four pins connected to ground.
I disagree with the others. Now is the perfect time to practice soldering SMD parts. If you assume it is damaged beyond repair, you can only be happy if you fix it and, even if you don't fix it because other parts are tanked, you'll still get a chance to rework an SMD board.
The voltage regulator probably died first and may have tried its best to protect the rest of the board until its failure. So, there is a chance. A 3.3v, regulator ina four-pin package. That doesn't look like a genuine Arduino board - is it a clone?