Most of my machines are KDE on X, but I have one where I’ve been feeling stuff out in Wayland-land. The most appealing thing I’ve tried has been Hyprland with Waybar. It’s a little bit of a kit in traditional WM fashion, but easy to configure from straightforward config files, fairly light, and not “Just like this X WM, but broken because of missing Wayland functionality” (I know, I know, it’s not technically Wayland deficiencies, its “not yet complete extensions”, because it’s all extensions, the Wayland protocol itself does almost nothing).
I’ve been using Kitty for a terminal emulator and it’s pleasing as well.
I haven’t found a launcher I love, I have fuzzel right now and the only major issue is it doesn’t currently support mouse interaction, and I prefer a “use whichever input device your hand is on at the time” to keyboard-only.