Crystalline nanoporous materials with uniform porous structures, such as zeolites and metal–organic frameworks (MOFs), have proven to be ideal supports to encapsulate ultrasmall metal nanoparticles (MNPs) inside their void nanospaces to generate high‐efficiency nanocatalysts. The nanopore‐encaged metal catalysts exhibit superior catalytic performance as well as high stability and catalytic shape selectivity endowed by the nanoporous matrix. In addition, the synergistic effect of confined MNPs and nanoporous frameworks with active sites can further promote the catalytic activities of the composite catalysts. Herein, recent progress in nanopore‐encaged metal nanocatalysts is reviewed, with a special focus on advances in synthetic strategies for ultrasmall MNPs (<5 nm), clusters, and even single atoms confined within zeolites and MOFs for various heterogeneous catalytic reactions. In addition, some advanced characterization methods to elucidate the atomic‐scale structures of the nanocatalysts are presented, and the current limitations of and future opportunities for these fantastic nanocatalysts are also highlighted and discussed. The aim is to provide some guidance for the rational synthesis of nanopore‐encaged metal catalysts and to inspire their further applications to meet the emerging demands in catalytic fields.