A novel three-dimensional (3D) nanoarchitecture consisting of hybrid graphene nanosheets (GNs)/graphene foam (GF) was fabricated on the FTO conducting substrate as a high efficient counter electrode (CE) for dye sensitized solar cells (DSSCs). The GNs with various sized such as large-sized heat-reduced graphene nanosheets (H-GNs) and small-sized laser-reduced graphene quantum dots (L-GQDs) were synthesized and used as catalytic materials incorporated into a 3D GF network, respectively. In this design, the aggregations and restacking of GNs were efficiently reduced, which is beneficial for increasing the amount of the active defective sites at the edges of graphene to the electrolyte solution. Especially, L-GQDs with smaller dimension less than 100nm have more active defective sites at edges, providing superiority over the large-sized H-GNs in terms of electrocatalytic activity. Meanwhile, the GF network with high conductivity provides fast electron transport channels for charge injection between the GNs and FTO. The DSSC with this hybrid CE exhibited energy conversion efficiency (η) of 7.70% with an open circuit voltage (VOC), short circuit photocurrent density (JSC) and fill factor (FF) of 760mV, 15.21mAcm−2, and 72.0%, respectively, which is comparable to that of the conventional Pt CE (7.68%).