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Magento Site Performance Optimization

Magento 2 store is facing performance issues on the frontend as well as occasional high server load.

Questions:

What are the most impactful steps to optimize Magento 2 performance in this scenario?

How can I Do some fast and quick fix that really increase the speed?

Any recommended tools or configs or profiling methods (New Relic, built-in profiler, etc.)?

Best practices for production Magento stores to reduce server load?

Any guidance or real-world tips would be appreciated.