Preview:

Melting Lava Text Effect.

Step 1:

Let’s start out by creating a new file. I used a 900×500 pixels canvas set at 72dpi, and I filled my background with black color. Now make a new layer set and name it 'Melting Lava Text Design'.

Select the Horizontal Type Tool then set the font family to Berlin Sans FB, regular, 80 pt, smooth and #E51E06 color shade. In a new text layer type your website name on the canvas.

Step 2:

Under Layer Style(Layer > Layer Style) add an Inner Shadow, Inner Glow, Pattern Overlay and Stroke blending options to your orange text layer.

Pattern:

Result:

Step 3:

If you have more text set them up as shown below with a small text on top.

Step 4:

Duplicate your 'Melting Lava Text Design' layer set and merge it down through Layer > Merge Layer Set. Now set your background color to black then go to Filter > Distort and apply a Glass effect, use the settings below. Then set the layer's blending mode to Lighten and drag it down by a couple of pixels.

Your image should now look like this. Click "Next" to continue to steps 5 through 7.