The optical frequency standard based on two-photon transition is expected to become a practical miniaturized optical frequency standard due to its significant advantages such as high stability, good reproducibility and easy miniaturization. In this paper, the basic principle of two-photon transition is briefly described, and the research status and progress of rubidium atomic optical frequency standards based on two-photon transition at home and abroad are introduced. Finally, it is concluded that the future development trends of rubidium atomic optical frequency standards based on two-photon transition are system miniaturization, performance improvement, integrated application and engineering.