AbstractDue to the exotic electronic and optical properties, two-dimensional (2D) materials, such as graphene, topological insulators, transition metal dichalcogenides, black phosphorus, MXenes, graphitic carbon nitride, metal-organic frameworks, and so on, have attracted enormous interest in the scientific communities dealing with electronics and photonics. Combing the 2D materials with the microfiber, the 2D material-decorated microfiber photonic devices could be assembled. They offer the advantages of a high nonlinear effect, all fiber structure, high damage threshold, and so on, which play important roles in fields of pulse shaping and all-optical signal processing. In this review, first, we introduce the fabrication methods of 2D material-decorated microfiber photonic devices. Then the pulse generation and the nonlinear soliton dynamics based on pulse shaping method in fiber lasers and all-optical signal processing based on 2D material-decorated microfiber photonic devices, such as optical modulator and wavelength converter, are summarized, respectively. Finally, the challenges and opportunities in the future development of 2D material-decorated microfiber photonic devices are given. It is believed that 2D material-decorated microfiber photonic devices will develop rapidly and open new opportunities in the related fields.