The WAVE-31454 is the PCIe TO M.2 USB ETH HAT+ which is a PCIe To USB 3.2 Gen1 / 2.5G ETH / M.2 NVMe Adapter for Raspberry Pi 5, and supports NVMe Protocol M.2 Solid State Drive, also expands 2-ch USB 3.2 Ports And 2-ch Ethernet Ports.
Non-Volatile Memory Express (NVMe) is a storage and transfer protocol specifically designed for high-performance, non-volatile storage media. M. 2 is an SSD form factor that enables high-performance storage.
Part No: PCIe TO M.2 USB ETH HAT+ is device supplied.
* for reference only, the Raspberry Pi 5 is not included
The WAVE-31454 is the PCIe TO M.2 USB ETH HAT+ which is a PCIe To USB 3.2 Gen1 / 2.5G ETH / M.2 NVMe Adapter for Raspberry Pi 5, and supports NVMe Protocol M.2 Solid State Drive, also expands 2-ch USB 3.2 Ports And 2-ch Ethernet Ports.
Non-Volatile Memory Express (NVMe) is a storage and transfer protocol specifically designed for high-performance, non-volatile storage media. M. 2 is an SSD form factor that enables high-performance storage.
Part No: PCIe TO M.2 USB ETH HAT+ is device supplied.
* for reference only, the Raspberry Pi 5 is not included

Connecting to Pi 5 via 16PIN Cable
Based on 16PIN PCIe Interface of Raspberry Pi 5

NVMe Drive Protocol Support
Compatible With 2230 / 2242 / 2260 / 2280 Size M.2 Solid State Drive
Supports Gen2 Mode, Supports Booting PI5 From Solid State Drive
NVMe Drive Slot Support
* Only supports the NVMe Protocol Solid State Drives.
Onboard 2-channel USB 3.2 ports
Extends The PCIe Interface To 2-ch High-Speed USB 3.2 Gen1 Ports
for connecting more peripherals
Extends 2-channel 2.5G Ethernet ports
Onboard RTL8156B high-performance Gigabit ETH chip, sinking design of network port,
neat and beautiful.
Improves reading/writing speed of your Pi
Faster reading/writing speed compared to the TF card slot of Raspberry Pi,
greatly improving reading/writing efficiency of the system or files,
Supports booting Pi5 from NVME Solid State Drive neat and beautiful.
Onboard Dual LED Indicators
Easy to monitor the Working Status
Onboard Power Monitoring Chip And EEPROM
Real-time monitoring of Solid-State Drive power status for More Stable operation
How to install
Attach the thermal tapes first, then install the Official Active Cooler and fix the HAT
Wiki: PCIe_TO_M.2_USB_ETH_HAT+