At present time, most of the enzymes are derived from biological sources, including plants, animals, microalgae, algae, and other microorganisms. Microorganism enzymes, among the others, account for the biggest part of application and demand in industries. These enzymes from soil microorganisms are very essential not only for soil fertility but also for biotechnological significance. Soil enzymes from microalage, comprising Amylase, Carbonic anhydrase, Galactosidase, Laccase, L-Asparaginase, Lipase, Peroxidase, Phytase, Protease, and Superoxide dismutase attract a considerable amount of attention for themselves in various industries. Most of the enzymes mentioned above have a great potential for their application in biotechnology and agriculture. Majority of such enzymes are known for their versatility and countless applications in various fields; thus, performing research on these enzymes in the future would be auspicious. This review paper presents an overview of the potential of soil algae enzymes in fields like biotechnology, medicine and agriculture, and also provides areas for advancement in researches related to this field.