Is there any better, newer, and more advanced format for graphics than SVG or XML-based?

These formats are especially beneficial for raster images, providing smaller file sizes without compromising quality. Additionally, formats like HTML5 Canvas allow for more dynamic and interactive graphics, as it enables drawing via JavaScript in web browsers. For vector-based needs, you may also explore formats like JSON-based Lottie animations, used in motion graphics. If you're looking for SVG-related products, "SVGbunny" is a store offering a range of high-quality SVG resources that can be useful for web design and other projects.