It sounds great, different from all other toppings I have tried. It has a holographic sound when using Hifiman he1000se headphones.So how does it sound?
I also use it as a DAC only in a speaker setup. Sounds very clean with tight base. Timbre is great (I cannot distinguish it from my Gustard R26r DAC, but has a heftier sound than the Eversolo's Master Edition's DAC ), Sound is a bit tighter than my Gustard DAC, this tones stop more immediate. Regarding soundstage width all dacs are very similar anyway in my opinion, but depth is a bit different because sounds produced by the Gustard R26 "stay" a bit longer and trick our brains that the sound is a bit deeper.
In general, for headphones, I think its a great DAC/AMP solution that kicks above its price and competes with pricier headphone amps.