Just checked and the E30 is 1.98V and the D50 III is 2.13V so this could well explain why the D50 sounded "better". Louder means transients will hit harder.
Could be the reason, yeah. It has dual DACs whereas the E30 has one, and maybe the power distribution means the DAC has to strain less than in the D50 III, i don't know.
For the record, it wasn't "loudness = transients hit harder" in this case. I tested at the same volume for both, loudness wasn't tricking my brain here, the difference was that the E30 was "murkier" slightly, almost like it had a subtle "veil" over the top of the sound. In comparison, the D50 III didn't have that, it was just clear. The best analogy i can think of is, it's like the "negative space" was more black. Or like a 4k OLED TV that has a slightly higher black contrast ratio. So when the blacks are blacker then it allows the colours to pop out more, by way of
relativity. It's not that the colours are actually more colourful, it's that the blacker black makes them
appear more colourful because of the contrast.
Same thing here, imo.
The thing i said about transients is just my
theory as to what's happening under the hood to make it sound clearer (like maybe the cleaner transients trick the brain into thinking it's clearer), i'm not saying that the transients is THE thing that stood out to me. The thing that stood out was the murky/clear difference. Really i don't know what makes the D50 sounds clearer exactly, it just does. Maybe it's a simple matter of E30 not getting as much power, i don't know. I'm not the person to speculate on the nuts and bolts, all i know is what i heard. And i heard a difference in clearness.
The difference is obvious but it
is subtle, i don't wanna overstate it. But it depends on what your threshold for subtlety is. We're talking about the kind of difference that you'd hear when comparing a 24bit WAV to a 320kps mp3 here. If that kind of difference is obvious to you, then the difference between these 2 dac units would be obvious to you too. If WAV and MP3 sounds the same to you, then D50 III wouldn't feel like an upgrade over E30 II Lite then, you wouldn't even notice it.
If you're using planar headphones like the Hifiman Ananda Nano, which are overwhelmingly detailed (lol) then noticing differences like this is easy