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Which roughly equals 50 per day. Now compared to the 1200~ species extinct each day it seems far too few, but keep in mind that the number of species we find might be lower than the number of species created each day.
New species of insects are continually being found. Estimates of the total number of species range from 2 million to 30 million. Insects have six legs; and most have wings. Insects were the first animals capable of flight. As they develop from eggs, insects undergo metamorphosis. Insects live all over the planet: almost all are terrestrial (live on land).