This isn’t a super-precise measurement, but for what it’s worth, it looks like the pace of SCA heraldic registrations is continuing to recover from the Covid dip, as shown by the pace of O&A database entries added per calendar year.

(Years are LoAR dates, often six months after submission; orange dots are the years significantly affected by Covid; gray dot is an estimate for 2025 based on the first seven months of registrations.)
Source data extracted as follows:
curl https://oanda.sca.org/oanda.db | iconv -f ISO-8859-1 -t UTF-8//TRANSLIT oanda.db | tail -n +42 | cut -f2 -d '|' | perl -ple 's{[-].*}{}' | cut -c1-4 | sort | uniq -c