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This brand name could be ideal for a fitness or exercise organisation.
WayGym has only six letters and only two syllables. Two syllable names make popular global brands. Successful brands using two syllable names include YouTube, Kleenex and Apple.
This domain was first registered in March 2017. Older domains have an advantage when ranking in search engines.
Waygym.com is a dot-com domain. Dot com domains are the most prestigious domain extension in the world, famously used by websites like google.com. Once secured, a dot-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.