The L3 Peak Limiter by Waves consists of two plug-ins - Multimaximizer and Ultramaximizer, which are "Multi-Band Auto-Summing Limiters". Like its predecessors, the L1 and L2 limiters, the L3 is destined to become an indispensable tool for mixing and mastering. The L3 first uses linear phase crossover filters to divides the audio spectrum into five bands and the PLMixer then uses psychoacoustic criteria to intelligently decide how much attenuation to apply to each band so that all available headroom is used.

Available both on VST and AudioUnit, L3 Peak Limiter costs $600.

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