It looks like a shield with an insignia of a sword with wings on it with gold light streaming in from the background.
I don't see the problem.
It looks like a demacian shield with ribbons coming off of it to me, it is a winged sword in the center of it. I think it is pretty easy to tell what it is, including in game, although I like the old one better.
If that looks like a "blob" to you, then I think you might need to legit go see an eye doctor of some description. Looks fine to me.
Maybe I don't know how armor-plate looks, but that is a belly-armor, it's roundish in the bottom. Really, looks like it's custom for gragas or something
I don't like the angle they chose for it tbh,