A display panel includes a base substrate, a gate line disposed under the base substrate and extending in a first direction, a data line disposed under the base substrate and extends in a second direction substantially perpendicular to the first direction, a thin film transistor disposed under the base substrate, and electrically connected to the gate line and the data line, a first electrode disposed under the base substrate and electrically connected to the thin film transistor, an image displaying portion disposed under the first electrode and overlapped with the first electrode, a protecting layer disposed under the image displaying portion, surrounding a lower surface of the image displaying portion and both sides of the image displaying portion in the second direction, and including a protrusion wall protruded in a direction opposite to the base substrate, and an upper polarizer disposed on the base substrate.