MAX phases (Ti₃SiC₂, Ti₃AlC₂, V₂AlC, Ti₄AlN₃, etc.) are layered ternary carbides/nitrides, which are generally processed and researched as structure ceramics. Selectively removing A layer from MAX phases, MXenes (Ti₃C₂, V₂C, Mo₂C, etc.) with two-dimensional (2D) structure can be prepared. The MXenes are electrically conductive and hydrophilic, which are promising as functional materials in many areas. This article reviews the milestones and the latest progress in the research of MAX phases and MXenes, from the perspective of ceramic science. Especially, this article focuses on the conversion from MAX phases to MXenes. First, we summarize the microstructure, preparation, properties, and applications of MAX phases. Among the various properties, the crack healing properties of MAX phase are highlighted. Thereafter, the critical issues on MXene research, including the preparation process, microstructure, MXene composites, and application of MXenes, are reviewed. Among the various applications, this review focuses on two selected applications: energy storage and electromagnetic interference shielding. Moreover, new research directions and future trends on MAX phases and MXenes are also discussed.