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This name is ideal for an exercise or fitness company.
The name "GymWaves" has eight characters and only two syllables. Two syllable names make popular global brands. Two syllable names are used by established brands like Delta, YouTube and Kleenex.
This domain was first registered in January 2018. Older domains have an advantage when ranking in search engines.
Gymwaves.com is a .com domain. Dot com domains are the most prestigious top-level-domain in the world, used by famous websites like facebook.com. Once secured, a .com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.