It depends a lot on a team by team basis as different teams would like different approaches
In general, all new code gets added to the tip of main, your only development branch. Then, new features can also be behind feature flags optionally. This allows developers to test and develop on the latest commit. They can enable a flag if they are interested in a particular feature. Ideally new code also comes with relevant automated tests just to keep the quality of the branch high.
Once a feature is "sufficiently tested" whatever that may mean for your team it can be enabled by default, but it won't be usable until deployed.
Critically, there is CI that validates every commit, _but_ deployments are not strictly performed from every commit. Release processes can be very varied.
A simple example is we decide to create a release from commit 123, which has some features enabled. You grab the code, build it, run automated tests, and generate artifacts like server binaries or assets. This is a small team with little SLAs so it's okay to trust automated tests and deploy right to production. That's the end, commit 123 is live.
As another example, a more complex service may require more testing. You do the same first steps, grab commit 123, test, build, but now deploy to staging. At this point staging will be fixed to commit 123, even as development continues. A QA team can perform heavy testing, fixes are made to main and cherry picked, or the release dropped if something is very wrong. At some point the release is verified and you just promote it to production.
So development is always driven from the tip of the main branch. Features can optionally be behind flags. And releases allow for as much control as you need.
There's no rule that says you can only have one release or anything like that. You could have 1 automatic release every night if you want to.
Some points that make it work in my experience are:
1. Decent test culture. You really want to have at least some metric for which commits are good release candidates.
2. You'll need some real release management system. The common tools available like to tie together CI and CD which is not the right way to think about it IMO (example your GitHub CI makes a deployment).
TL:Dr:
Multiple releases, use flags or configuration for the different deployments. They could all even be from the same or different commits.