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Hydraulic fracturing has become one of the most popular techniques for exploring sustainable energy sources. However, friction is associated with the entire fracturing process, presenting significant challenges for development. Facing the huge friction challenges, this review is elaborated in the following three aspects: (1) the fundamentals of hydraulic fracturing, including three aspects of rock fracture mechanism, fracturing fluid, and proppant; (2) the friction challenges in hydraulic fracturing, which mainly exist in friction along the path and friction near wellbore; (3) hydraulic fracturing drag reduction technologies, which are considered proppant segment plug, fracturing fluid viscosity enhancement, and proppant surface modification technologies. Therefore, we should not only understand the challenges in hydraulic fracturing but also know how to mitigate them. Additionally, we call for a strong focus on environmentally friendly, green friction-reducing technologies for oil and gas fields in the future development of the fracturing industry.