The invention discloses a single-component full-function fracturing fluid additive and a preparation process thereof. The process comprises the following steps: mixing ethylene glycol, isopropanol, 1-butanol, 1-hexanol and 1-octanol, and conducting heating to uniformly disperse the mixture to obtain a water-based dispersant; adding a high-molecular polymer thickening agent and an auxiliary agent into a water-based dispersing agent, wherein the auxiliary agent is one or more of a clay stabilizer, a discharge aiding agent, a drag reducer, an anti-emulsifying agent, a filtrate reducer, a corrosion inhibitor and a sterilizing agent; conducting stirring at a high speed to obtain suspension; and slowly stirring the suspension at a low speed, conducting cooling, and collecting a suspension sample when the temperature of the suspension is reduced to room temperature. The additive has the characteristics of good temperature resistance, shearing resistance, salt resistance, sand suspension and the like. The problems that an existing fracturing fluid system is serious in stratum pollution, difficult to dissolve, single in function, poor in performance and the like are solved, and the additive has the advantages of being good in use performance, environmentally friendly, capable of saving energy and reducing consumption and can be used as a clean and environment-friendly single-component type full-function fracturing fluid additive.