Valor, renamed 'Crucible Ranks,' is now somewhat slower to level than in previous seasons. Updated September 8th, 2021, by Charles Burgar: All the ritual playlists saw a large progression overhaul in Season of the Lost. If you're interested in leveling quickly or enjoy Destiny 2's PvP component, you'll want to increase both of these ranks. Glory ranks show how skilled you are in Competitive Crucible and grant Powerful Gear for each subdivision and major division you reach. Leveling your Valor rank is a great way to earn Masterwork materials, and it's required to complete certain Seasonal Challenges. Related: Destiny 2: How To Increase Your Gambit Infamy Rank
Based on the game type you're playing, you will accumulate points towards a ranking system that grants rewards as you reach higher subdivisions and new divisions. Glory and Valor ranks are a unique progression system tied to Destiny 2's Crucible mode.