Discrete Wavelet Transform (DWT) is used in signal compression and enhancement applications. DWT could be implemented using recursive Finite Impulse Response (FIR) filtering. DWT is a very effective analysis tool for many practical applications. Due to computational intensive nature because of multiply operations being a part of, real time processing of signals is being a tough task, as the implementations are not optimized. This paper describes implementation of DWT using Distributed Arithmetic Architecture (DAA) on FPGA device and a novel idea for implementation of Decimator function. The Low Pass FIR filters (LPF) and High Pass FIR filters (HPF) used in DWT are implemented using DAA. Simulations and syntheses are done with Virtex-5 XC5VLX20T-2FF323 FPGA device environment. Conventional Multiplier Architecture (CMA) based DWT system makes use of 8 high-cost resource DSP48Es for use of 8 8X8-bit multipliers, whereas DAA based DWT system makes use of only LUT slices. With CMA design, the maximum throughput achieved by the system is 1009.72Mbit/s, whereas DAA based system provides a throughput of 301.761Mbit/s, a metric which restricts DAA based DWT to low speed applications. © 2015 IEEE.