A display panel disclosed by the present application includes: a base; a display layer, wherein the display layer includes light emitting units; and a touch layer, including a first insulation layer, a touch electrode layer, and a second insulation layer sequentially stacked, wherein the touch electrode layer includes touch electrodes. A first aperture is defined in a portion of the touch electrodes corresponding to the light emitting units. A first recess is defined in a portion of the first insulation layer corresponding to a gap between adjacent two of the light emitting units. An included angle between a sidewall of the first recess and a bottom surface of the first recess is an obtuse angle.