Lorcana first chapter first wave (2023) is much more expensive.

Does the box indicate if it is first wave or second wave?  If so, how are they different?

Are only the boxes different or are the cards different too?

at the bottom of the box there is a code like: 050223cm1 (at mine) it stands for the production date.

MMDDYY cm1 is cardmachine1. So my box is produced at May second 2023 by machine 1

the most early English box noticed is produced at May 1.

the second wave is produced in 2024.

When you look at ebay, there is a mayor difference between fist wave boxes and second wave boxes.

second wave is since Q3 2023 and beyond.

the cards in the waves are the same.

but the first wave had a bigger value for sealed collectors.