Orthogonal modulations are powerful techniques for digital data transmission, very well suited to radio channels. They use orthogonal basis, whose elements will be the "subcarriers" used in transmission. Some advantages of the wavelet functions compared to the windowed complex exponentials used in Orthogonal Frequency Division Multiplexing (OFDM) are highlighted. Thus, theoretical proof that Daubechies wavelets have better time-frequency localization is provided, opening new paths towards modern orthogonal modulation approaches, based on wavelets.