The Leatherman Wave has defined the pliers-based multi-tool category since 1998, and DLT carries both current Wave models: the premium Wave Alpha with CPM MagnaCut steel and the classic Wave Plus running 420HC. Both tools share the outside-accessible, one-hand-deployable blade design that made the Wave famous, but they target different tiers of the market with different steels, handle materials, and feature sets.
The Wave Alpha is the premium evolution of the Wave platform and Leatherman's response to years of fan feedback. It runs a 2.89-inch reverse tanto blade in CPM MagnaCut with a DLC coating, the same powder stainless found in high-end dedicated folding knives. A thumb stud replaces the traditional thumb hole on the main blade, giving it a knife-forward deployment feel. The handles are machined G10 with topographic-inspired texturing that pulls grip in wet and gloved conditions. The Wave Alpha carries 16 tools total, including the largest spring-action scissors ever fitted to a pliers-based Leatherman, plus needlenose and regular pliers, replaceable wire and hard-wire cutters, saw, awl, diamond-coated file, and large and small bit drivers. DLT stocks the Cascadia green and Obsidian black colorways.
The Wave Plus is the workhorse side of the family and Leatherman's best-selling multi-tool worldwide. It runs two 420HC stainless steel blades: a plain-edge drop point and a fully serrated secondary blade, both with black oxide finish. 420HC sharpens easily and performs reliably across daily cutting tasks, which is why Leatherman has kept it on the Wave Plus instead of pushing everyone into premium steel. The tool count sits at 18, which includes the second serrated blade, electrical crimper, 8-inch ruler, medium screwdriver, and the same spring-action scissors, saw, and dual file setup found across the Leatherman lineup. DLT stocks the black oxide and stainless steel finishes.
The Wave Plus is the better choice if you want a classic Wave with dual blades, a lower price tier, and the refined feature set that's been dialed in since the 2004 redesign. The Wave Alpha is the right pick if you want a single premium MagnaCut blade, G10 handles for better grip, full-size scissors, and the more modern aesthetic. Both tools are made in the USA and backed by Leatherman's 25-year warranty. Pair either with the appropriate sheath from the Leatherman Sheaths & Accessories category.