The aqueous phase hydrogen peroxide (H 2 O 2aq ) produced from the plasma-liquid interactions can directly or synergistically (with other substances) affect the liquid chemistry, and therefore it is important to unfold the H 2 O 2aq formation mechanism. However, up to now, a consensus on the H 2 O 2aq formation mechanism is not reached. This review aims to survey the recent advances on the understanding of the H 2 O 2aq formation mechanism in the system of a direct current discharge plasma operated over a liquid electrode. Theoretical and experimental analyses indicate that the recombination of dissolved OH radicals (OH aq ) is the dominant process for the H 2 O 2aq formation, while the purported plasma-induced photolysis of water and the dissolution of gaseous H 2 O 2 are ruled out.This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.