No, the Elgato Wave:3 is not compatible with the Focusrite Scarlett 2i2 (4th Gen).
Elgato Wave:3 is a USB-C condenser microphone designed for direct computer connection. Scarlett 2i2's only mic inputs are 2 combo XLR/TRS preamp inputs. USB microphones cannot be routed through Scarlett 2i2's signal chain.
What works instead
See all compatible microphone for the Elgato Wave:3 →“clearest and most detailed ever, with a huge 69dB gain range to get the best from every microphone.”
“Wave:3 MK.2 USB Condenser Microphone 4.8”
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Confidence: high confidence