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The depth meter is an item that allows you to know how far above or below ground you are when its equipped in the accessorys slot. This can be useful for if you need to know a specific height, such as how far Floating islands are in the sky.
On a small map, floating islands are ~400 feet in the air
On a medium map, floating islands are 400-600 feet
On a large map, floating islands are between 450-1,200 feet
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