A touch panel and a display apparatus. The touch panel includes a touch area and a peripheral area arranged surrounding the touch area, the touch panel further includes: a first metal layer; a second metal layer; two or more insulating layers arranged in stack with the first metal layer and the second metal layer in the first direction; in which the two or more insulating layers includes one or more organic material layers, a part of at least one of the one or more organic material layers located in the touch area is provided with one or more hollow slots, and in the first direction, an orthographic projection of the at least one of the one or more organic material layers provided with the hollow slots covers at least part of the touch electrodes.