Night's Edge

The Night's Edge deals 42 damage (49 with molten armor), has Average speed, and a large range. Though after 1.0.6, the range seems to be slightly smaller. The Night's Edge deals the most damage of any of the melee weapons. It is crafted at a Demon Altar using a Light's Bane, a Muramasa, a Blade of Grass, and a Fiery Greatsword. The Night's Edge emits a large amount of light when swung, an amount similar to that of the Fiery Greatsword, so it's useful in caves. It also emits shadow particles when swung, giving it extra texture and detail. These particles also appear in a lot of other demonite style weapons, such as the Dark Lance. It's one of the few weapons that can critically hit 100 or more.

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Update Info
1.0.5 - Added to the Game

1.0.6 - Given a new look, average speed, and a shorter range.

Trivia

 * The only sword needed to make this that is not craftable is the Muramasa.