With the rapid development of materials science, porous organic polymers (POPs) have received remarkable attentions because of their unique properties such as the exceptionally high surface area and flexible molecular design. The ability to incorporate specific functions in a precise manner makes POPs promising platforms for a myriad of applications in molecular adsorption, separation, and catalysis. Therefore, many different types of POPs have been rationally designed and synthesized to expand the scope of advanced materials, endowing them with distinct structures and properties. Recently, supramolecular macrocycles with excellent host–guest complexation abilities are emerging as powerful crosslinkers for developing novel POPs with hierarchical structures and improved performance, which can be well‐organized at different spatial scales. Macrocycle‐based POPs could have unusual porous, adsorptive, and optical properties when compared to their nonmacrocycle‐incorporated counterparts. This cooperation provides valuable insights for the molecular‐level understanding of skeletal complexity and diversity. Here, the research advances of macrocycle‐based POPs are aptly summarized by showing their syntheses, properties, and applications in terms of separation, sensing, and catalysis. Finally, the current challenging issues in this exciting research field are delineated and a comprehensive outlook is offered for their future directions. Macrocycles as an emerging class of building blocks are used for porous organic polymers owing to their easy functionalization, unique host–guest properties, modifiable conformations, and tunable chemistry. Facilitated by these features, macrocycle‐based porous organic polymers have attracted considerable attentions in the construction of advanced porous materials and excelled in adsorptive separation, optical sensing, and heterogeneous catalysis.