Molten armor

Molten Armor is the highest defense armor currently in the game, and also the most difficult to obtain.

It takes a total of 105 Hellstone Bars to craft a full set of Molten Armor. This means you need 630 Hellstone and 210 Obsidian to make a whole set. As of 1.0.5, You also need the entire Gold Armor set to produce the pieces of gear.

It consists of a Molten Helmet, Molten Breastplate, and Molten Greaves.

As of version 1.0.5 a full set grants 25 base defense, plus a 15% melee damage bonus, and emits light while moving. However it should still be used with a Torch or an Orb of Light or a Molten Pickaxe while mining as it produces no light while standing still.