Distinct from "rocking-chair" lithium-ion batteries (LIBs), the unique anionic intercalation chemistry on the cathode side of dual-ion batteries (DIBs) endows them with intrinsic advantages of low cost, high voltage, and eco-friendly, which is attracting widespread attention, and is expected to achieve the next generation of large-scale energy storage applications. Although the electrochemical reactions on the anode side of DIBs are similar to that of LIBs, in fact, to match the rapid insertion kinetics of anions on the cathode side and consider the compatibility with electrolyte system which also serves as an active material, the anode materials play a very important role, and there is an urgent demand for rational structural design and performance optimization. A review and summarization of previous studies will facilitate the exploration and optimization of DIBs in the future. Here, we summarize the development process and working mechanism of DIBs and exhaustively categorize the latest research of DIBs anode materials and their applications in different battery systems. Moreover, the structural design, reaction mechanism and electrochemical performance of anode materials are briefly discussed. Finally, the fundamental challenges, potential strategies and perspectives are also put forward. It is hoped that this review could shed some light for researchers to explore more superior anode materials and advanced systems to further promote the development of DIBs.