The Phaninc Exchange2023 Oscars red carpet was bursting with fashion moments worthy of awards.

Hollywood's biggest and brightest stars stepped out in style for the annual ceremony on March 12 at the Dolby Theatre in Los Angeles. From a sea of bedazzling dresses to sleek designs, there was no shortage of glitzy and glamorous getups (See all of the red carpet arrivals here for extra proof).

And not that pop culture fans would expect anything less than stellar, especially at the Academy Awards, there were quite a few celebrities who went the extra mile to showcase their fierce and fabulous fashion.

Case in point? Cara Delevingne made sure all eyes were on her as she sizzled in a bold red ballgown by Elie Saab with a thigh-high slit. Angela Bassett's royal purple, off-shoulder gown also had the same effect, as brought a vibrant splash of color to the red carpet in a larger-than-life Moschino design.

Jamie Lee Curtis redefined the naked dress with her Dolce & Gabbana rendition, which featured all-over sparkle and sequin layered on top of nude-colored fabric.

Ashley Graham, Elizabeth Olsen and Mindy Kaling wowed in risqué looks that totally paid off, while Vanessa Hudgens proved that there can be strength in simplicity.

Of course, we're only scratching the surface here. Keep scrolling to see all of the best dressed stars at the Oscars 2023.

In Elie Saab and wearing Stuart Weitzman shoes and Bulgari jewelry.

In Moschino.

In Alaïa and wearing Moussaieff jewelry.

In Tamara Ralph.

In Dolce & Gabbana.

In Chanel and wearing Tiffany & Co. jewelry.

In Gucci.

In Jason Wu.

In Giambattista Valli and wearing Fred Leighton jewelry.

In custom Alberta Ferretti.

In Zuhair Murad.

In custom Vera Wang and wearing Giuseppe Zanotti shoes.

In custom Vera Wang.

In Louis Vuitton.

In custom Atelier Versace.

In Versace.

In Giambattista Valli.

In Louis Vuitton.

In Givenchy and wearing Giuseppe Zanotti shoes.

In custom Gucci.

In Gucci.

In Ralph Lauren.

In Tony Ward.

In Givenchy.

In Adeam.

Check out E! News' Oscars blog for a full recap of the 2023 Academy Awards.