A decorative lamp includes a base; at least three LED circuit boards, a plurality of LED lamp beads distributed on an outer surface of each LED circuit board; a main control board electrically connected with the LED circuit boards and having a controller configured to send a timing signal; a driving power electrically connected with the main control board and having a PWM driving circuit electrically connected with the LED circuit boards, for receiving the timing signal sent by the controller and outputting a PWM signal according to the received timing signal; and a hollow lampshade surrounding the LED circuit boards and the main control board.