WEC-Sim (Wave Energy Converter Simulator) is an open-source code for simulating wave energy converters, which has been actively developed and applied to simulate a wide variety of device archetypes, and has become a popular tool since its release. This paper reviewed the development efforts and the usage of WEC-Sim. The publications considered in this study have been broken down into six topic areas, namely feature development, experimental validation, device modeling, control modeling, PTO and grid modeling, and novel applications, which even includes some non-wave energy applications. This review paper has also attempted to recognize the contributions of the broader WEC-Sim development effort, meaning not only the internal WEC-Sim development team but also the external efforts from the academia researchers and technology developers around the world. The growing trend of external applications of WEC-Sim has demonstrated the broader acceptance of the open-source code, and how WEC-Sim has been used in a certain topic area also highlights the potential future development needs.