Display panel and display device are provided. The display panel includes a base substrate; a display function layer, on a side of the base substrate, the display function layer including a plurality of subpixels arranged in an array along a first direction and a second direction, and the first direction intersects the second direction; and touch electrodes, on a side of the display function layer away from the base substrate, the touch electrodes including a plurality of touch wires intersecting to form a grid with a plurality of hollow parts, a vertical projection of a subpixel of the plurality of subpixels on a plane where the base substrate is located within a vertical projection of a hollow part of the plurality of hollow parts on the plane where the base substrate is located.