A display panel is provided. In the display panel, a plurality of first output terminals are arranged along an extending direction of a first side of a drive chip, a plurality of second output terminals are disposed on a side of the first output terminals away from a display area, and the plurality of second output terminals are disposed in an area between the plurality of first output terminals and an input terminal. Each second fan-out trace is electrically connected with a corresponding second output terminal through a second side of an adjacent drive chip, so that the drive chip can be moved upward as a whole and a lower frame can be reduced. A display device is also provided.