The invention discloses a transparent display panel, a display panel, a manufacturing method, and a display device. The transparent display panel includes a substrate, and a light-emitting element layer on the substrate. The light-emitting element layer includes a first electrode, a first light-emitting structure on the first electrode, and a second electrode assembly on the first light-emitting structure. The second electrode assembly includes a second electrode which is located on the first light-emitting structure and comprises a plurality of openings, and light-transmitting blocks which are located in the openings, wherein the material of the light-transmitting blocks is sparse from the material of the second electrode. According to the transparent display panel provided by the embodiment of the invention, by making use of the sparseness between the material of the light-transmitting blocks and the material of the second electrode, the formation of a film in the area with the light-transmitting blocks is avoided, thereby accurately patterning the second electrode.