The invention relates to a single-mode fiber and a fabrication method thereof. A bare fiber comprises a core layer and a wrapping layer, wherein the core layer comprises a first core layer, a second core layer and an inner wrapping layer, the relative refractivity difference Delta 1 of the first core layer is more than 0.2% but less than 0.35%, the relative refractivity difference Delta 2 of the second core layer is more than or equal to 0.15% but less than or equal to 0.25%, the refractivity radius of the inner wrapping layer is 24-36 micrometers, the relative refractivity difference Delta 3of the inner wrapping layer is more than or equal to -0.12% but less than or equal to 0%, the wrapping layer comprises a sunken wrapping layer and an external wrapping layer, the relative refractivitydifference Delta 4 of the sunken wrapping layer is more than or equal to -0.40% but less than or equal to -0.28%, and the external wrapping layer is a high-hardness pure quartz sleeve. With the adoption of a method for on-line assembly and drawbenching by two sleeves and a core rod, fiber annealing for many times is performed during the drawbenching process, a coating layer with low modulus is coated in a surface of the fiber, a coating layer with high modulus is coated outside the surface of the fiber, and the fiber with low loss, large effective area and high strength is fabricated. The method is simple, the viscosity of the cord rod can be adjusted according to a demand, the fiber attenuation is reduced without employing a pure silicon core scheme, and production on a large scale is facilitated.