Over centuries, natural phenomena have claimed a large number of lives and caused large amounts of damage. However, they were the reason for the development of knowledge and science. In engineering, there is no doubt that earthquakes were the driving force behind many design philosophies and advanced technologies. In this regard, steel plate shear walls (SPSWs) represent one of the technologies employed in both new constructions and existing structures to bolster lateral load resistance. In addition to its high elastic stiffness and strength, SPSWs often experience significant pinching during their hysteretic response unless heavily stiffened. Thus, numerous investigations have been performed recently to enhance the seismic behavior of SPSWs during severe ground shaking. The shear walls of steel plates have been studied in various ways, including stiffened and unstiffened steel plates, low yield strength steel plates, SPSWs perforated with circular holes or vertical slits, steel walls with stiffened and unstiffened openings. A stiffened SPSW panel dissipates significantly more energy than an unstiffened panel, as well as exhibiting a ductile and stable behavior. In view of its high elongation, the SPSW with low yield point has the best damping capacity. It has been demonstrated that steel walls perforated with circular holes have improved energy dissipation, in addition to allowing utilities to pass through their openings. Vertical slits on steel plate shear walls produce an exceptionally full hysteresis loop with improved performances. Slit steel walls (SSWs) can sustain a drift of over 3% while experiencing minimal hysteresis degradation. Additionally, a frame with a SSW can endure up to 6% drift without significant damage, surpassing expected ductility levels of a special moment frame, particularly with efficient slit geometry.