AbstractThe intercalating of anions into cost‐effective graphite electrode provides a high operating voltage, therefore, the dual‐ion batteries (DIBs) as novel energy storage device has attracted much attention recently. The “graphene in graphite” has always existed in the graphite cathode of DIBs, but has rarely been researched. It is foreseeable that the graphene blisters with the intact lattice structure in the shell can utilize its ultra‐high elastic stiffness and reversible lattice expansion for increasing the storage capacity of anions in the batteries. This review proposes an expected “blister model” by introducing the high elasticity of graphene blisters and its possible formation mechanism. The unique blisters composed of multilayer graphene that do not fall off on the graphite surface may become indispensable in nanotechnology in the future development of cathode materials for DIBs.