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From Terraria Wiki
Honey Blocks are blocks formed when water comes into contact with honey. When placed, they slow the movement of any player walking on them. Vertically, a player can slowly slide down them (even without having the Climbing Claws or Shoe Spikes equipped). They also greatly reduce jump height to one tile, or 3 tiles with the shiny red balloon equipped. NPCs and mobs are not affected.
- Asphalt Blocks almost have the opposite effect of Honey Blocks; they increase movement speed, but do not increase jump height.
- Honey Blocks will glow red while under the effects of Dangersense Potion.
- Crispy Honey Block can also be created when Honey comes into contact with Lava, consuming both the Honey and the Lava.
- 126.96.36.199: Now spawns naturally along with honey in small amounts as a sign that a Bee Hive is close by. Honey Candle is now obtainable.