Games like Arcane waves
Games like Arcane waves include Vampire Survivors, Skul: The Hero Slayer, BALL x PIT, Halls of Torment, and Megabonk. We matched them by the tags players give Arcane waves on Steam (Action Roguelike, Action, Arcade, Roguelike, and 2D): closest matches first, and among equally close ones the better-known games.

Vampire Survivors
Shared: Action Roguelike · 2D · Pixel Graphics

Skul: The Hero Slayer
Shared: Action · Action Roguelike · Roguelike

BALL x PIT
Shared: Action · Arcade · Action Roguelike

Halls of Torment
Shared: Action Roguelike · Roguelike · Action

Megabonk
Shared: Action Roguelike · Roguelike · Action

Rogue Legacy
Shared: Action Roguelike · Roguelike · Action

The Binding of Isaac: Rebirth
Shared: Action Roguelike · Roguelike · Pixel Graphics

Enter the Gungeon
Shared: Action Roguelike · Roguelike · Pixel Graphics

Nuclear Throne
Shared: Action Roguelike · Roguelike · Action

Dead Cells
Shared: Action Roguelike · Roguelike · 2D

Dungreed
Shared: Action Roguelike · Roguelike · Action

The Binding of Isaac
Shared: Action Roguelike · Roguelike · Action

Death Must Die
Shared: Action Roguelike · Action · Pixel Graphics

Hero Siege
Shared: Action Roguelike · Pixel Graphics · Roguelike

Risk of Rain (2013)
Shared: Action Roguelike · Roguelike · Action

Sephiria
Shared: Action Roguelike · Roguelike · Action

Hades
Shared: Action Roguelike · Action · Roguelike

Wizard of Legend
Shared: Action Roguelike · Roguelike · Action

Boneraiser Minions
Shared: Action Roguelike · 2D · Pixel Graphics

UnderMine
Shared: Action Roguelike · Action · Pixel Graphics

Noobs Want to Live
Shared: Action · Roguelike · Action Roguelike

Neophyte
Shared: Action Roguelike · Action · Arcade

Noita
Shared: Roguelike · Pixel Graphics · 2D

Seraph's Last Stand
Shared: Action Roguelike · 2D · Roguelike