Developers can follow these below-mentioned steps to improve the performance of your Magento website.
  • Use the latest version of Magento.
  • Enable caching to reduce the required number of database operations for each page request.
  • Enable the Flat Catalog module for categories and products in the Magento Admin Panel.
  • Compress image files
  • Install a PHP opcode cache
  • Use LiteSpeed Enterprise web server instead of Apache web server.

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For this one "Enable the Flat Catalog module for categories and products in the Magento Admin Panel." This is no loner recommended to be enabled by Magento.