The final Terraria update has been delayed and will likely not be released until next year. The long-running sandbox mining, crafting, and building title has been working on Update 1.4.5 since at least 2022 when it was announced for 2023. The scope of the update has grown since then, and developer De-Logic has been working on bringing new content to fans.
https://screenrant.com/terraria-final-update-delayed-to-2025/
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