Transition metal diborides (TMdBs, P6/mmm, AlB2-type) have attracted much attention for decades, due to TMdBs can be conductors, superconductors, magnetism materials, and catalysts. The layered structure caused by borophene subunit is the source of functions, and also make TMdBs be a potential bank of Mbene. However, TMdBs also exhibit high hardness which is not supposed to have in layered structure. The high hardness of TMdBs arise from covalent bonds of Boron-boron (B-B) and strong p-d orbit hybridization of B and TM. While, strong B-TM bonds will eliminate the layered structure which may damage the functional properties. Understanding the basic mechanism of hardness and functional is significant to achieve optimal TMdBs. In this work, the basic properties of TMdBs include hardness, superconductor, and catalytic property are summarized. It can be found that Youngs modulus (E) and Shear modulus (G) are beneficial for the hardness of TMdBs and Poisson ratio is the opposite. The increasing of atomic radius of TM brings the improvement for the hardness of TMdBs before it reaches the highest value 1.47 Å, beyond which hardness decreases. Besides, TMdBs also have excellent activity comparable with some noble metal for hydrogen evolution reaction, which is closely related with d-band center. More importantly, higher valence electron concentrations were found to be adverse for hardness and superconductivity of TMdBs and greatly affect their catalytic properties. This review is of guiding significance for the further explore the relation between structures and properties of TMdBs.