Characterization and assessment of liquefaction potential of gravelly soil in a reliable cost-effective manner has always been a great challenge for the geotechnical engineers. The typical laboratory investigation techniques have proven to be ineffective for characterizing gravelly soil due to the cost and difficulty of extracting undisturbed sample from gravelly deposits. The traditional in-situ tests like SPT or CPT are not very suitable for gravelly soil because of interference with large size gravel particles which can artificially increase the penetration resistance. The Becker Penetration Test, well known for gravelly soil characterization, is cost-prohibitive for routine projects and is not available in most of the world. The Chinese dynamic cone penetration test (DPT) with a larger diameter probe compared to the SPT or CPT, can be economically performed with conventional drilling equipment. Besides the penetration testing, in-situ measurement of shear wave velocity (Vs) is another alternative of characterizing gravel liquefaction. Probabilistic liquefaction triggering curves were developed by performing both DPT and shear wave velocity test at the Chengdu Plain of China where massive gravel liquefaction took place during 2008 Wenchuan earthquake. These curves have significant uncertainty as they were developed from a single event database. As a part of this study, both DPT and Vs tests have been performed at various sites around the world where gravelly soil did or did not liquefy in various past earthquakes. These newly collected data have been added to the existing Chinese dataset to form a large database on gravel liquefaction case histories for both DPT and Vs. Based on this larger database, new magnitude dependent probabilistic liquefaction triggering procedures have been developed for both DPT and Vs. The larger database has significantly improved the triggering curves by reducing the spread and constraining the curves at both the higher and lower end. New Magnitude Scaling Factor (MSF) curves have been developed for both DPT and Vs which were found to be consistent with existing MSF curves. Further, an instructive comparison has been drawn between the performance of CPT and newly developed DPT triggering procedure the liquefaction potential of gravelly deposits CentrePort in Wellington. Results showed that both DPT and CPT performed reasonably well in liquefaction assessment of the gravelly fill. However, the CPT-based CRR profiles contain intermittent spikes due to the interaction with gravel particles whereas the DPT resistance appear to be relatively smooth. Similar comparison has been presented between the DPT and BPT in performing liquefaction assessment of gravelly soil at the Borah Peak sites in Idaho. It is found that both DPT and BPT successfully evaluate the liquefaction potential of the loose critical layers but the medium dense to dense layers are identified as non-liquefiable by the DPT whereas the same deposits are identified as liquefiable by the BPT. Lastly, an investigation has been carried out to observe the effect of hydraulic conductivity and in-situ drainage on the liquefaction triggering in gravelly soils based on field data along with a group of numerical analyses. It is found that the hydraulic conductivity of gravelly soil reduces with sand content which eventually may cause liquefaction during earthquake shaking. Low permeability cap layer may also impede the drainage path to generate excess pore pressure to trigger liquefaction in the gravelly strata.