Think so. Takes a minute for waydroid to load after starting session.
Does the full waydroid UI work properly?
Also, you cannot open the same app consecutively after closing it, there won’t be any UI but only a spinner if you tried. Either open some other waydroid app or you have to execute the command “waydroid prop set waydroid.active_apps none” and give it a few seconds before opening the same app again to get UI.
Clicking the waydroid app icons execute a command similar to “waydroid app launch com.android.settings”. You could try running it from terminal and check if app opens. This one opens waydroid settings. Waydroid session have to be running when you try it.