Resonating valence bond ground state, the prototype of a quantum spin liquid (QSL), had been first proposed by P. W. Anderson back in 1973 on the triangular lattice. In such a 2D QSL, spinons created as unpaired spins can propagate by locally rearranging the uncorrelated valence bonds. However, the corresponding candidate materials are still rare to date. YbMgGaO4, first proposed in 2015 may fill this gap: the magnetic rare‐earth Yb3+ ions arrange on the triangular lattice with the perfect R‐3m symmetries and with a large interlayer distance. No conventional spin freezing is observed down to 40 mK without residual magnetic entropy, despite the significant antiferromagnetic coupling of ≈2 K. This report reviews and classifies the relevant experimental and theoretical progress on some (effective) spin‐1/2 triangular antiferromagnets, especially on YbMgGaO4, followed by discussion and outlook on some of the pending issues.