The moduli space of rank-$n$ commutative algebras equipped with an ordered basis is an affine scheme ${𝔅}_n$ of finite type over $\mathbb{Z}$, with geometrically connected fibers. It is smooth if and only if $n\le 3$. It is reducible if $n\ge 8$ (and the converse holds, at least if we remove the fibers above $2$ and $3$). The relative dimension of ${𝔅}_n$ is $\frac{2}{27}{n}^3+O\left(n^{8/3}\right)$. The subscheme parameterizing étale algebras is isomorphic to ${GL}_n/S_n$, which is of dimension only $n^2$. For $n\ge 8$, there exist algebras that are not limits of étale algebras. The dimension calculations...