My advise would be to change the DNS server, probably try cloudflare, also check your server's nginx configuration. No amount of caching can fix the DNS issue.
Well this does depends upon your server and number of user making request to server also .
Actually each site has different site bossting techniques , we can only tell you general guidelines from which speed can be boosted .
Yes theme is bit heavy as it used buddypress and woocommere plugins which are itself heavy .
Follow this tip : https://thimpress.com/boost-your-wordpress-site-performance/
Our page load time has increased to 11.08 seconds when checked The waterfall in gtmetrix is showing the load time of one of the link (https://edfinite.in/wp-json/wplms/v1/live/credentials/) to 8.78 seconds refer (https://prnt.sc/o0ahjw)
GTMETRIX Report: https://gtmetrix.com/reports/edfinite.in/EvaZLFQZ
Speed mostly decreases due to js used.
http://prntscr.com/o0gfb4
And also none of these are related to our theme. so we cant help you much.
Please try using wp rocket for caching issue.
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