Rockfall from slope unstable rock masses, a typical geological hazard induced by brittle failure, is characterized by abrupt occurrence, negligible macroscopic deformation prior to failure, and extremely short lead time for early warning, posing a severe threat to the safety of mountainous transportation systems, water conservancy and hydro-power projects, and urban settlements. Conventional static analysis methods have sig-nificant limitations in real-time acquisition of damage evolution of structural planes and dynamic assessment of stability changes, which can hardly meet the practical re-quirements of early warning for unstable rock masses. The dynamic evaluation method for the stability state of unstable rock masses, based on the principles of structural dy-namics, establishes a correlation model between dynamic parameters (natural fre-quency, damping ratio, mode shape, etc.) and the damage degree of structural planes, providing a new paradigm for dynamic identification and quantitative evaluation of the stability of unstable rock masses. This paper systematically reviews the dynamic behavior mechanism and theoretical evaluation framework of slope unstable rock masses, and elaborates on the damage evolution of structural planes, the disturbance effect of environmental dynamic loads, and the key dynamic parameter system. The single-degree-of-freedom dynamic models and their theoretical derivation for three typical types of unstable rock masses (sliding-type, toppling-type, and falling-type) are thoroughly analyzed, and the cutting-edge advances such as multi-block chain collapse model and data-physics dual-driven surrogate model are reviewed. Meanwhile, the contact and non-contact monitoring methods based on Micro-Electro-Mechanical System (MEMS) and Laser Doppler Vibrometer (LDV) techniques, as well as the de-velopment status of cloud-edge collaborative intelligent early warning architecture, are systematically summarized. On this basis, the core challenges are pointed out, includ-ing the long-term evolution under multi-field coupling, high-fidelity inversion calcu-lation for large-scale rock masses, and the scientific correlation between early warning thresholds and failure probability. The full-life-cycle dynamic simulation based on digital twin is also prospected. The research results provide a systematic reference for the improvement of the theoretical system of dynamic evaluation of slope unstable rock masses and the engineering practice of disaster prevention and mitigation.