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Helix Native is better and it is miles behind the Axe FX/Kemper.
Studio: https://www.voltperoctave.com
Music: https://www.euclideancircuits.com
Me: https://www.jamesrichmond.com
Am yet to be impressed by any of waves' output.
It used to be that Waves were the only game in town but there are usually better options.
Abbey Rd Plates & Vinyl, REDD, L2 and Vocal Rider are the ones I use most.
Studio: https://www.voltperoctave.com
Music: https://www.euclideancircuits.com
Me: https://www.jamesrichmond.com
It depends what you're looking for and what you already have.
I agree with @octatonic that there are individual plugins that beat individual Waves plugins in a lot of areas these days but to me that's only part of the picture. The primary reason I like Waves is they're stable, and that's been the case for me for years now. That and pretty much all of their plugins are super low latency which suits me for tracking workflow.
My own philosophy is it's usually easier to screw up by a larger percentage than the difference between 2 plugins, so I might as well use the ones I find most convenient as part of my workflow. Within reason of course.
However, when they knock things out for 29usd it can make a lot of sense to buy.
One of the other reasons is I like to be as DAW agnostic as I can. There's no one DAW that has my ideal workflow for everything, though I have mostly moved to Studio One these days from Logic for audio. Waves seem stable everywhere and also it's a pretty big company that have been around for a long time, they're probably going to be around for a long time too (touch wood).
Being able to just stick to known plugins that work in multiple DAWs removes another (IMO unnecessary) learning curve. There are a million ways to achieve the same thing in audio but having a few known workable options regardless of scenario is IMO a better way to do it, at least for me, than trying to reinvent the wheel every time.
http://kazrog.com/2018/05/04/thermionik-suite-now-50/
Features
I am a Recabinet user, I find that pretty handy for using speaker impulses as you can blend between two pretty quickly. I also have been using their KClip plugin for ages.
Waves fought back by dropping a lot of their plugins down and, again imho, re-skinning some of their older products as new plugins.
Studio: https://www.voltperoctave.com
Music: https://www.euclideancircuits.com
Me: https://www.jamesrichmond.com