Bass
The bass is incredible as it has exploding impact, excellent detail, goes very deep when it should and seems to be controlled by an iron hand. Also, it seemed very natural to me and I often had the impression I felt the material the drums were made of. I could feel the drums in my body, and no, I wasn’t using speakers, just headphones.
Mids
One of the best mids I have ever heard in my life. All is at superlative with this DAC. Every instrument is alive and kicking and the voices are out of this world. You can hear every tone in the singer voice, every emotion, passing it to you, making you feel the song and the emotions he wants to transfer.
Treble
As you expect the treble is top notch as well. The sparkle is crystal clear and full of life and extension.
Transient response
This is another breathtaking aspect of the Wavedream as it has very fast and natural decay and incredible attack.
Details & Micro Details
With the Wavedream you discover a lot of interesting new sounds in your favourite songs, things you may have never heard before. Besides the obvious things you will hear improve like instrument & voice extension, sometimes an instrument playing subtle in a deep layer you have never heard before, you may hear a car passing by the recording studio or the artist scratching his face. Some say that don’t like analytical sound. Well, the good news is all those details come in a very natural way and I don’t consider the sound to become analytical. Nothing is pushed in front by force, all comes naturally. This helps passing the emotions from the song to the listener with better efficiency, as you can hear the whole extension of the instruments and all the tonalities and effort of the singer’s voice.
Soundstage, Instrument separation, layering & positioning
The instruments are extremely well separated and layered. Even in the most crowded passages you don’t feel that the layers blend in, as the Wavedream seems to decompress them in a much larger scene, leaving a lot of air between the instruments. I can’t even refer to stereo presentation any longer as 3D or holographic would be a much more accurate description. Also, the soundstage is incredibly spacious and airy.
Dynamics & Micro-dynamics
This is another amazing aspect about the Wavedream. I often noticed some instruments in the orchestra that are meant to be subtle, it manages to do this but still gives them life. You can feel every instrument however subtle it is and however further in the back it may be.
Energy & Tactility
Some of the features from above result into something I love very much. I am referring to the tactility of the sounds. I can feel the guitar like I am plucking it myself, I can feel the drums and the material they are made of, the voice singing into my ear and sometimes feeling the warmth of the breath, the violin and cello chords vibrating. So every sound has it’s energy, however subtle it may be. You can imagine that when the song wants to be energetic, the Wavedream makes it explode with energy.
Transparency
It transposes you in your favourite concert hall or it opens the window directly into your music and helps you lose yourself into your favourite songs.
(reproduced from Headmania Review)