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The Permian-Triassic extinction event was the most severe mass extinction event in Earth's history, with an estimated 95% of marine species and around 70% of terrestrial species going extinct. It had a profound impact on life on Earth and led to significant changes in the composition of species and ecosystems. The exact causes of this catastrophic event are still a subject of scientific investigation, but they are believed to include volcanic activity, climate change, ocean acidification, and other environmental factors. This mass extinction event ultimately paved the way for the evolution of new species and the rise of the Mesozoic Era, which included the dominance of the dinosaurs.