With the growing demand for technologies to sustain high energy consumption, supercapacitors are gaining prominence as efficient energy storage solutions beyond conventional batteries. MXene-based electrodes have gained recognition as a promising material for supercapacitor applications because of their superior electrical conductivity, extensive surface area, and chemical stability. This review provides a comprehensive analysis of the recent progress and strategies in the development of MXene-based electrodes for supercapacitors. It covers various synthesis methods, characterization techniques, and performance parameters of these electrodes. The review also highlights the current challenges and limitations, including scalability and stability issues, and suggests potential solutions. The future outlooks and directions for further research in this field are also discussed, including the creation of new synthesis methods and the exploration of novel applications. The aim of the review is to offer a current and up-to-date understanding of the state-of-the-art in MXene-based electrodes for supercapacitors and to stimulate further research in the field.