The Electron transport chain of the cellular respiration generates the most ATP molecules.
Explanation:
The cellular respiration takes place in three phases: glycolysis, Kreb's cycle and Electron transport.
In glycolysis net gain of 2 ATP occurs, Kreb cycle 2 GTPs, ETC 32 ATPs
In Kreb's cycle 2 GTP, 6 NADH, two FADH2 is formed. These are used in the electron transport chain to produce ATP by redox and oxidation reactions.
Each NADH produces 3 ATPs
each FADH2 produces 2 ATP
GTP=ATP