The Sharkoon Gaming DAC Pro S is a new product to which any headset with a 3.5mm jack can connect. It also has a USB type A interface to link the same to a PC. This may confers an improvement on the audio coming through the DAC.
https://www.notebookcheck.net/Sharkoon-claims-its-Gaming-DAC-Pro-S-can-deliver-sound-card-level-audio-via-any-USB-port.426532.0.html
I don't think this could beat the Dragonfly Red, but it could be "louder" IIRC, and there's certainly room for it to be cheaper.
I was really fascinated by their cases some time ago... but in hindsight, aren't they just another German relabeler? The only thing special about them is their marketing materials. Those outshine Deepcool Aerocool even Fractal Design easily.
There is already the excellent DacPort, DragonFly, DragonFly clones that are cheap and sound great. This is really a saturated market already and Sharkoon is not known for its DAC, high-end audio stuff.