The present disclosure provides a display panel and a display apparatus. The display panel comprises: a first substrate and a second substrate opposed to each other; a blue phase liquid crystal layer arranged between the two substrates; a first polarizer located on a side of the first substrate away from the blue phase liquid crystal layer; a second polarizer located on a side of the second substrate away from the blue phase liquid crystal layer; a first electrode located on a side of the first substrate facing the blue phase liquid crystal layer; a second electrode located on a side of the second substrate facing the blue phase liquid crystal layer; a first prism layer located between the blue phase liquid crystal layer and the first polarizer; and a second prism layer located between the blue phase liquid crystal layer and the second polarizer.