Those highly raved entry level DACs, including Topping E30, SMSL Sanskrit 10th Mk II and Loxjie D30, indeed have very good measurements and appealing to the ears.
I think a lot of folks that are budget-minded refuse to believe that there's more to how something sounds than how it measures, most likely due to lack of exposure to better sounding gear or convincing themselves that they can get the "best" at a fraction of the real cost of entry.
Whatever we start with probably sounds good to us until we have an opportunity to hear better equipment/rooms/setup. That's when we can open our minds and our ears and wallets and strive for better sound.
If you're happy with a certain level of sound, there's nothing wrong with that either. I have heard systems that make mine sound "bad" in comparison, but the cost of entry is more than an order of magnitude more than my budget allows. I appreciate and enjoy what my system can do, but also recognize and accept its limitations.
I've tried numerous DACs and they all have their own sound signature. There are some relative bargains (I thought the Schiit Bifrost was quite good for its price) and some over-priced DACs that may not perform as well as others, but like most things in life, you get what you pay for most of the time.


I’ve the new SMSL VMV D2 in my setup, replacing my Benchmark Dac3 HGA, both delta sigma but with very different implementations of differing chip sets. Both r really good music makers with enough features to keep the serious hobbiest happy. Both can act as excellent preamps on their own, a real plus in a minimalist system, SMSLs 4499 implementation offers the opportunity to add a ddc with its I2S input and a clock frequency selection and input, so the new generation of disaggregated components at affordable prices can be utilized to squeeze out additional performance on an already sweetly voiced dac. Good stuff. The Dac3 remains a ‘stud’ offering up plenty of muscle if not quiet the refinement. Benchmark stacks just sound right and the older ESS implementation still sounds terrific on cd quality material. Like choosing vanilla or chocolate ya gotta get the fundamentals right for the longer term utilization and for me that means features and flexibility. 