@grislybutter Slow and thick? I doubt it!
RFI noise accompanying but not part of the digital signal. It can arise anywhere along the playback chain and is why many people choose to incorporate an optical connection or a switch close to their streamer.
You say the signal comes from a server; sometimes it does, and sometimes it comes from a router. Both require a streamer to unpack the packets into a stream of 1s and 0s.
Some streamers simply pass the noise on. Some might add their own (do they have noisy circuitry? does this include LEDs?). Some might incorporate the sort of galvanic isolation we see in switches so actually mitigate the noise they receive and pass only some or none of it on.
So yes, a good streamer sends on to the DAC as close to the purely digital signal as it can. I’m not sure "clear" is the right word, as this might suggest that some streamers send more accurate 1s and 0s than others and it would be a truly terrible streamer which shuffled these!
The effectiveness of how various streamers handle/address noise is therefore a key factor in their performance.
The second thing a streamer does it to add a time signal to the bitstream it creates from the data packets/frames it receives, but this is a separate point.
Does this help?
Nigel