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In recent years, the greenhouse effect has emerged as a major environmental concern. As a result, the utilization and capture of greenhouse gases have become urgent tasks. The dry reforming of methane (DRM) reaction is a technology that directly converts greenhouse gases (CH₄ and CO₂) into valuable products. Ni-based catalysts have gained significant attention and industrial prospects in DRM reactions due to their excellent performance and cost-effectiveness compared to noble metals. However, challenges such as metal sintering and carbon deposition hinder its industrialization. This paper provides a review of the recent advancements in catalyst design for DRM reactions, with a focus on the impact of additives, supports, and preparation methods on Ni-based catalysts. It also describes the reaction and deactivation mechanisms, as well as the thermodynamics and kinetics of DRM reactions. Furthermore, this paper envisions the main challenges and opportunities associated with Ni-based catalysts in DRM research.