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During the past few years, single‐atom catalysts (SACs) have attracted considerable attention in electrolysis due to their outstanding catalytic performance and efficient atomic utilization. SACs exhibit a simple structure, high catalytic activity, consistent scaling relationships for single sites, and low metal content but their practical applications are still limited. Dual single‐atom catalysts (DACs), which feature excellent selectivity, high atomic utilization efficiency, and remarkable stability, are emerging as new frontiers in heterogeneous electrocatalysis. They increase catalytic activity by promoting synergistic effects between metal‐active sites. In this paper, we present a comprehensive overview of the latest developments in dual‐atom catalysts for oxygen evolution reaction (OER) and oxygen reduction reaction (ORR). In addition, we explore the differences between homonuclear and heteronuclear configurations, the emergence of single/dual‐site metal catalysts, and the methods currently used for their synthesis. Lastly, this review discusses several perspectives for advancing the development of dual‐atom catalysts for OER and ORR electrocatalysis. [ABSTRACT FROM AUTHOR]