A touch panel includes a plurality of first electrodes arranged along a first direction and parallel to each other, wherein each first electrode includes a plurality of first electrode blocks and a plurality of first connection traces. A plurality of second electrodes arranged along a second direction and parallel to each other, wherein each second electrode includes a plurality of second electrode blocks and a plurality of second connection traces. And a plurality of insulating blocks, wherein each insulating block includes a main portion and at least one extending portion, the main portion is disposed between each first connection trace and each second connection trace, the extending portion extends from the main portion to the space between the first electrode block and the second electrode block. The present invention further provides a method for forming the touch panel mentioned above.