Terraria's final update, Journey's End, arrived in May 2020—except its actual final update came out several months later, in October 2020. Ah, but then "unfinished business" resulted in the Labor of Love update in 2022, something developer Re-Logic said "we needed to do before we could feel fully comfortable moving on." But then instead of moving on, another "definitely final update" was announced in 2022.
That update, 1.4.5, is currently holding as the final final Terraria update, but only because it's not actually finished yet. It was supposed to be out in 2023 but that didn't work, and neither did 2024. It's getting there, but the choice was to crunch to make a 2024 release, or to just let it go and get it out sometime in '25, which the studio eventually opted to do.
