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Laravel, a PHP web framework, outperforms the competition in terms of performance and features. Laravel has a wide range of capabilities that will speed your web application development. It is easier for developers to create web applications with the Laravel framework since it makes use of performance-enhancing features such as Redis and Memcached. The modular packaging system with dedicated dependency management, a focus on syntactic sugar, and tools for application deployment and maintenance support. Laravel's open-source nature adds to its advantages.