The present disclosure provides an array substrate and a display panel, which adopt a design of a single-gated layer, in which a first electrode plate of a storage capacitor is formed in the gate layer and a second electrode plate of the storage capacitor and various functional connection wires are formed in a source/drain layer. Paths used for electric current between different film layers are realized by various functional connection wires. Therefore, a layer of gate structure is omitted, one photomask process is saved, production cost is reduced, and a problem of high production costs of the current display devices is solved.