Games like Deepworld
Games like Deepworld include Terraria, Rust, Once Human, Last Oasis, and Albion Online. We matched them by the tags players give Deepworld on Steam (Free to Play, Massively Multiplayer, 2D, Adventure, and Sandbox): closest matches first, and among equally close ones the better-known games.

Terraria
Shared: Sandbox · 2D · Adventure

Rust
Shared: Sandbox · Adventure · Survival

Once Human
Shared: Free to Play · Action · Survival

Last Oasis
Shared: Massively Multiplayer · Adventure · Action

Albion Online
Shared: Free to Play · Massively Multiplayer · Sandbox

Transformice
Shared: Free to Play · Massively Multiplayer · 2D

ARK: Survival Evolved
Shared: Adventure · Survival · Sandbox

VRChat
Shared: Free to Play · Massively Multiplayer · Early Access

Neverwinter
Shared: Free to Play · Massively Multiplayer · Adventure

RPG MO
Shared: Free to Play · Massively Multiplayer · RPG

Don't Starve Together
Shared: Adventure · Survival · Sandbox

Marvel Rivals
Shared: Free to Play · Action · Massively Multiplayer

Starbound
Shared: Sandbox · Adventure · Survival

ARK: Survival Ascended
Shared: Adventure · Survival · Sandbox

Trove
Shared: Free to Play · Sandbox · RPG

Elsword
Shared: Free to Play · Massively Multiplayer · Adventure

Portal Knights
Shared: Adventure · Sandbox · RPG

Conan Exiles Enhanced
Shared: Massively Multiplayer · Sandbox · Survival

PixARK
Shared: Adventure · Massively Multiplayer · Sandbox

Touhou Big Big Battle
Shared: Massively Multiplayer · Early Access · Free to Play

Forager
Shared: 2D · Sandbox · Adventure

Warframe
Shared: Free to Play · Massively Multiplayer · Action

Mortal Online
Shared: Free to Play · Massively Multiplayer · Sandbox

Dark and Light
Shared: Massively Multiplayer · Sandbox · Adventure