Fairies

Fairies are peaceful critters found in the Surface layer or below which will attempt to lead the player to valuable loot, such as chests, Life Crystals, or ore deposits. Fairies will only spawn if at least one Fallen Log has been left in the world without being destroyed. If players have destroyed all Fallen Logs, Fairies will no longer spawn.

There is a 1/50 (2%) chance that a Pink, Green, or Blue Fairy will emerge from a shaken tree in the Hallow at Night.

Once a fairy spots a player, they will fly around the player in circles then head in a certain direction and wait for the player to follow. Once the fairy reaches the loot it is trying to lead the player to, it will disappear in a burst of glowing glitter. If the player does not follow in the fairy's direction for a certain amount of time, the fairy disappears as well. There are three variations of fairies (Blue, Pink, Green).

Fairies floating around logs at night can be caught with a Golden Bug Net, and crafted into a fairy jar with the corresponding color.

Also, caught fairies can be used later to help you find treasures underground. In that case, you must place caught fairie near you and it will lead you to a treasure.

Trivia

 * Fairies are described in the Bestiary as follows: ""
 * The tooltip for fairies, 'Hey! Listen!', is a quote from Navi, a popular Fairy character from.
 * These smaller fairies bear a strong resemblance to those summoned by the Fairy Bell, albeit much smaller in size.