The year 2019 marks the 10th anniversary of the first report of ultrafast fiber laser mode-locked by graphene. This result has had an important impact on ultrafast laser optics and continues to offer new horizons. Herein, we mainly review the linear and nonlinear photonic properties of two-dimensional (2D) materials, as well as their nonlinear applications in efficient passive mode-locking devices and ultrafast fiber lasers. Initial works and significant progress in this field, as well as new insights and challenges of 2D materials for ultrafast fiber lasers, are reviewed and analyzed.