What is the SVP in Marvel Rivals?
Briefly

SVP, or Second Valuable Player, is awarded in Marvel Rivals to the highest-performing member of the losing team, recognizing their contribution despite the team's overall loss.
While the MVP award goes to a player on the winning side, SVP serves to highlight exceptional players on teams that don’t come out on top, balancing the competitive nature of gameplay.
To earn the SVP, players must excel in their roles, whether by securing kills, providing healing, or other key contributions, reflecting true teamwork even in defeat.
The SVP award influences ranked play, allowing winners to retain ranked points even after a loss, addressing potential frustration due to matchmaking issues.
Read at Polygon
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