diff --git a/app/_locales/en/messages.json b/app/_locales/en/messages.json
index f86498776..beef994aa 100644
--- a/app/_locales/en/messages.json
+++ b/app/_locales/en/messages.json
@@ -1090,7 +1090,7 @@
     "description": "For importing an account from a private key"
   },
   "pending": {
-    "message": "pending"
+    "message": "Pending"
   },
   "permissionCheckedIconDescription": {
     "message": "You have approved this permission"
diff --git a/ui/app/components/app/transaction-icon/index.js b/ui/app/components/app/transaction-icon/index.js
new file mode 100644
index 000000000..d41970a54
--- /dev/null
+++ b/ui/app/components/app/transaction-icon/index.js
@@ -0,0 +1 @@
+export { default } from './transaction-icon'
diff --git a/ui/app/components/app/transaction-icon/transaction-icon.js b/ui/app/components/app/transaction-icon/transaction-icon.js
new file mode 100644
index 000000000..24f4f4715
--- /dev/null
+++ b/ui/app/components/app/transaction-icon/transaction-icon.js
@@ -0,0 +1,58 @@
+import React from 'react'
+import PropTypes from 'prop-types'
+import Approve from '../../ui/icon/approve-icon.component'
+import Interaction from '../../ui/icon/interaction-icon.component'
+import Receive from '../../ui/icon/receive-icon.component'
+import Send from '../../ui/icon/send-icon.component'
+import Sign from '../../ui/icon/sign-icon.component'
+import {
+  TRANSACTION_CATEGORY_APPROVAL,
+  TRANSACTION_CATEGORY_SIGNATURE_REQUEST,
+  TRANSACTION_CATEGORY_INTERACTION,
+  TRANSACTION_CATEGORY_SEND,
+  TRANSACTION_CATEGORY_RECEIVE,
+  UNAPPROVED_STATUS,
+  FAILED_STATUS,
+  REJECTED_STATUS,
+  CANCELLED_STATUS,
+  DROPPED_STATUS,
+  SUBMITTED_STATUS,
+  APPROVED_STATUS,
+} from '../../../helpers/constants/transactions'
+
+
+const ICON_MAP = {
+  [TRANSACTION_CATEGORY_APPROVAL]: Approve,
+  [TRANSACTION_CATEGORY_INTERACTION]: Interaction,
+  [TRANSACTION_CATEGORY_SEND]: Send,
+  [TRANSACTION_CATEGORY_SIGNATURE_REQUEST]: Sign,
+  [TRANSACTION_CATEGORY_RECEIVE]: Receive,
+}
+
+const FAIL_COLOR = '#D73A49'
+const PENDING_COLOR = '#6A737D'
+const OK_COLOR = '#2F80ED'
+
+const COLOR_MAP = {
+  [SUBMITTED_STATUS]: PENDING_COLOR,
+  [UNAPPROVED_STATUS]: PENDING_COLOR,
+  [APPROVED_STATUS]: PENDING_COLOR,
+  [FAILED_STATUS]: FAIL_COLOR,
+  [REJECTED_STATUS]: FAIL_COLOR,
+  [CANCELLED_STATUS]: FAIL_COLOR,
+  [DROPPED_STATUS]: FAIL_COLOR,
+}
+
+export default function TransactionIcon ({ status, category }) {
+
+  const color = COLOR_MAP[status] || OK_COLOR
+
+  const Icon = ICON_MAP[category]
+
+  return <Icon color={color} size={28} />
+}
+
+TransactionIcon.propTypes = {
+  status: PropTypes.string.isRequired,
+  category: PropTypes.string.isRequired,
+}
diff --git a/ui/app/components/app/transaction-list-item/index.scss b/ui/app/components/app/transaction-list-item/index.scss
index 3f7af9586..330f731ec 100644
--- a/ui/app/components/app/transaction-list-item/index.scss
+++ b/ui/app/components/app/transaction-list-item/index.scss
@@ -15,29 +15,14 @@
     color: $Grey-500;
   }
 
-  &--pending {
+  &--unconfirmed {
     color: $Grey-500;
   }
 
-  &--pending &__primary-currency {
+  &--unconfirmed &__primary-currency {
     color: $Grey-500;
   }
 
-  &__status {
-    &--unapproved {
-      color: $flamingo;
-    }
-    &--failed {
-      color: $valencia;
-    }
-    &--cancelled {
-      color: $valencia;
-    }
-    &--queued {
-      color: $Grey-500;
-    }
-  }
-
   &__pending-actions {
     padding-top: 12px;
     display: flex;
diff --git a/ui/app/components/app/transaction-list-item/transaction-list-item.component.js b/ui/app/components/app/transaction-list-item/transaction-list-item.component.js
index bbeb777e8..b42d8c7b6 100644
--- a/ui/app/components/app/transaction-list-item/transaction-list-item.component.js
+++ b/ui/app/components/app/transaction-list-item/transaction-list-item.component.js
@@ -3,11 +3,7 @@ import PropTypes from 'prop-types'
 import classnames from 'classnames'
 import ListItem from '../../ui/list-item'
 import { useTransactionDisplayData } from '../../../hooks/useTransactionDisplayData'
-import Approve from '../../ui/icon/approve-icon.component'
-import Interaction from '../../ui/icon/interaction-icon.component'
-import Receive from '../../ui/icon/receive-icon.component'
 import Preloader from '../../ui/icon/preloader'
-import Send from '../../ui/icon/send-icon.component'
 import { useI18nContext } from '../../../hooks/useI18nContext'
 import { useCancelTransaction } from '../../../hooks/useCancelTransaction'
 import { useRetryTransaction } from '../../../hooks/useRetryTransaction'
@@ -17,17 +13,15 @@ import TransactionListItemDetails from '../transaction-list-item-details'
 import { useHistory } from 'react-router-dom'
 import { CONFIRM_TRANSACTION_ROUTE } from '../../../helpers/constants/routes'
 import {
-  TRANSACTION_CATEGORY_APPROVAL,
   TRANSACTION_CATEGORY_SIGNATURE_REQUEST,
-  TRANSACTION_CATEGORY_INTERACTION,
-  TRANSACTION_CATEGORY_SEND,
-  TRANSACTION_CATEGORY_RECEIVE,
   UNAPPROVED_STATUS,
   FAILED_STATUS,
-  CANCELLED_STATUS,
+  DROPPED_STATUS,
+  REJECTED_STATUS,
 } from '../../../helpers/constants/transactions'
 import { useShouldShowSpeedUp } from '../../../hooks/useShouldShowSpeedUp'
-import Sign from '../../ui/icon/sign-icon.component'
+import TransactionStatus from '../transaction-status/transaction-status.component'
+import TransactionIcon from '../transaction-icon'
 
 
 export default function TransactionListItem ({ transactionGroup, isEarliestNonce = false }) {
@@ -36,7 +30,7 @@ export default function TransactionListItem ({ transactionGroup, isEarliestNonce
   const { hasCancelled } = transactionGroup
   const [showDetails, setShowDetails] = useState(false)
 
-  const { initialTransaction: { id } } = transactionGroup
+  const { initialTransaction: { id }, primaryTransaction } = transactionGroup
 
   const [cancelEnabled, cancelTransaction] = useCancelTransaction(transactionGroup)
   const retryTransaction = useRetryTransaction(transactionGroup)
@@ -55,50 +49,12 @@ export default function TransactionListItem ({ transactionGroup, isEarliestNonce
     senderAddress,
   } = useTransactionDisplayData(transactionGroup)
 
-  const isApprove = category === TRANSACTION_CATEGORY_APPROVAL
   const isSignatureReq = category === TRANSACTION_CATEGORY_SIGNATURE_REQUEST
-  const isInteraction = category === TRANSACTION_CATEGORY_INTERACTION
-  const isSend = category === TRANSACTION_CATEGORY_SEND
-  const isReceive = category === TRANSACTION_CATEGORY_RECEIVE
   const isUnapproved = status === UNAPPROVED_STATUS
-  const isFailed = status === FAILED_STATUS
-  const isCancelled = status === CANCELLED_STATUS
 
-  const color = isFailed ? '#D73A49' : '#2F80ED'
-
-  let Icon
-  if (isApprove) {
-    Icon = Approve
-  } else if (isSend) {
-    Icon = Send
-  } else if (isReceive) {
-    Icon = Receive
-  } else if (isInteraction) {
-    Icon = Interaction
-  } else if (isSignatureReq) {
-    Icon = Sign
-  }
-
-  let subtitleStatus = <span><span className="transaction-list-item__date">{date}</span> · </span>
-  if (isUnapproved) {
-    subtitleStatus = (
-      <span><span className="transaction-list-item__status--unapproved">{t('unapproved')}</span> · </span>
-    )
-  } else if (isFailed) {
-    subtitleStatus = (
-      <span><span className="transaction-list-item__status--failed">{t('failed')}</span> · </span>
-    )
-  } else if (isCancelled) {
-    subtitleStatus = (
-      <span><span className="transaction-list-item__status--cancelled">{t('cancelled')}</span> · </span>
-    )
-  } else if (isPending && !isEarliestNonce) {
-    subtitleStatus = (
-      <span><span className="transaction-list-item__status--queued">{t('queued')}</span> · </span>
-    )
-  }
-
-  const className = classnames('transaction-list-item', { 'transaction-list-item--pending': isPending })
+  const className = classnames('transaction-list-item', {
+    'transaction-list-item--unconfirmed': isPending || [FAILED_STATUS, DROPPED_STATUS, REJECTED_STATUS].includes(status),
+  })
 
   const toggleShowDetails = useCallback(() => {
     if (isUnapproved) {
@@ -161,9 +117,17 @@ export default function TransactionListItem ({ transactionGroup, isEarliestNonce
             color="#D73A49"
           />
         )}
-        icon={<Icon color={color} size={28} />}
+        icon={<TransactionIcon category={category} status={status} />}
         subtitle={subtitle}
-        subtitleStatus={subtitleStatus}
+        subtitleStatus={(
+          <TransactionStatus
+            isPending={isPending}
+            isEarliestNonce={isEarliestNonce}
+            error={primaryTransaction.err}
+            date={date}
+            status={status}
+          />
+        )}
         rightContent={!isSignatureReq && (
           <>
             <h2 className="transaction-list-item__primary-currency">{primaryCurrency}</h2>
@@ -184,7 +148,7 @@ export default function TransactionListItem ({ transactionGroup, isEarliestNonce
           senderAddress={senderAddress}
           recipientAddress={recipientAddress}
           onRetry={retryTransaction}
-          showRetry={isFailed}
+          showRetry={status === FAILED_STATUS}
           showSpeedUp={shouldShowSpeedUp}
           isEarliestNonce={isEarliestNonce}
           onCancel={cancelTransaction}
diff --git a/ui/app/components/app/transaction-status/index.scss b/ui/app/components/app/transaction-status/index.scss
index 99884d28c..13dcd6c30 100644
--- a/ui/app/components/app/transaction-status/index.scss
+++ b/ui/app/components/app/transaction-status/index.scss
@@ -1,52 +1,24 @@
 .transaction-status {
-  height: 26px;
-  width: 84px;
-  border-radius: 4px;
-  background-color: #f0f0f0;
-  color: #5e6064;
-  font-size: .625rem;
-  text-transform: uppercase;
-  display: flex;
-  justify-content: center;
-  align-items: center;
-
-  @media screen and (max-width: $break-small) {
-    height: 16px;
-    min-width: 72px;
-    font-size: 10px;
-    padding: 0 12px;
+  display: inline;
+  &--unapproved {
+    color: $Orange-500;
   }
-
-  &--confirmed {
-    background-color: #eafad7;
-    color: #609a1c;
-
-    .transaction-status__transaction-count {
-      border: 1px solid #609a1c;
-    }
+  &--failed {
+    color: $Red-500;
   }
-
-  &--approved, &--submitted {
-    background-color: #FFF2DB;
-    color: #CA810A;
-
-    .transaction-status__transaction-count {
-      border: 1px solid #CA810A;
-    }
+  &--cancelled {
+    color: $Red-500;
   }
-
-  &--failed {
-    background: lighten($monzo, 56%);
-    color: $monzo;
-
-    .transaction-status__transaction-count {
-      border: 1px solid $monzo;
-    }
+  &--dropped {
+    color: $Red-500;
+  }
+  &--rejected {
+    color: $Red-500;
+  }
+  &--pending {
+    color: $Orange-500;
   }
-
-  &__pending-spinner {
-    height: 16px;
-    width: 16px;
-    margin-right: 6px;
+  &--queued {
+    color: $Grey-500;
   }
 }
diff --git a/ui/app/components/app/transaction-status/tests/transaction-status.component.test.js b/ui/app/components/app/transaction-status/tests/transaction-status.component.test.js
index 510950248..939090875 100644
--- a/ui/app/components/app/transaction-status/tests/transaction-status.component.test.js
+++ b/ui/app/components/app/transaction-status/tests/transaction-status.component.test.js
@@ -1,33 +1,80 @@
 import React from 'react'
 import assert from 'assert'
 import { mount } from 'enzyme'
+import sinon from 'sinon'
+import * as i18nHook from '../../../../hooks/useI18nContext'
 import TransactionStatus from '../transaction-status.component'
 import Tooltip from '../../../ui/tooltip-v2'
 
 describe('TransactionStatus Component', function () {
-  it('should render APPROVED properly', function () {
+  before(function () {
+    sinon.stub(i18nHook, 'useI18nContext').returns((str) => str.toUpperCase())
+  })
+
+  it('should render CONFIRMED properly', function () {
     const wrapper = mount(
       <TransactionStatus
-        statusKey="approved"
-        title="test-title"
-      />,
-      { context: { t: (str) => str.toUpperCase() } }
+        status="confirmed"
+        date="June 1"
+      />
     )
 
     assert.ok(wrapper)
-    assert.equal(wrapper.text(), 'APPROVED')
+    assert.equal(wrapper.text(), 'June 1 · ')
+  })
+
+  it('should render PENDING properly when status is APPROVED', function () {
+    const wrapper = mount(
+      <TransactionStatus
+        status="approved"
+        isEarliestNonce
+        error={{ message: 'test-title' }}
+      />
+    )
+
+    assert.ok(wrapper)
+    assert.equal(wrapper.text(), 'PENDING · ')
     assert.equal(wrapper.find(Tooltip).props().title, 'test-title')
   })
 
-  it('should render SUBMITTED properly', function () {
+  it('should render PENDING properly', function () {
     const wrapper = mount(
       <TransactionStatus
-        statusKey="submitted"
-      />,
-      { context: { t: (str) => str.toUpperCase() } }
+        date="June 1"
+        status="submitted"
+        isEarliestNonce
+      />
     )
 
     assert.ok(wrapper)
-    assert.equal(wrapper.text(), 'PENDING')
+    assert.equal(wrapper.text(), 'PENDING · ')
+  })
+
+  it('should render QUEUED properly', function () {
+    const wrapper = mount(
+      <TransactionStatus
+        status="queued"
+      />
+    )
+
+    assert.ok(wrapper)
+    assert.ok(wrapper.find('.transaction-status--queued').length, 'queued className not found')
+    assert.equal(wrapper.text(), 'QUEUED · ')
+  })
+
+  it('should render UNAPPROVED properly', function () {
+    const wrapper = mount(
+      <TransactionStatus
+        status="unapproved"
+      />
+    )
+
+    assert.ok(wrapper)
+    assert.ok(wrapper.find('.transaction-status--unapproved').length, 'unapproved className not found')
+    assert.equal(wrapper.text(), 'UNAPPROVED · ')
+  })
+
+  after(function () {
+    sinon.restore()
   })
 })
diff --git a/ui/app/components/app/transaction-status/transaction-status.component.js b/ui/app/components/app/transaction-status/transaction-status.component.js
index a97b79bde..c525f7484 100644
--- a/ui/app/components/app/transaction-status/transaction-status.component.js
+++ b/ui/app/components/app/transaction-status/transaction-status.component.js
@@ -1,66 +1,78 @@
-import React, { PureComponent } from 'react'
+import React from 'react'
 import PropTypes from 'prop-types'
 import classnames from 'classnames'
 import Tooltip from '../../ui/tooltip-v2'
-import Spinner from '../../ui/spinner'
 
 import {
   UNAPPROVED_STATUS,
   REJECTED_STATUS,
-  APPROVED_STATUS,
-  SIGNED_STATUS,
   SUBMITTED_STATUS,
   CONFIRMED_STATUS,
   FAILED_STATUS,
   DROPPED_STATUS,
   CANCELLED_STATUS,
+  APPROVED_STATUS,
+  SIGNED_STATUS,
 } from '../../../helpers/constants/transactions'
+import { useI18nContext } from '../../../hooks/useI18nContext'
+
+const QUEUED_PSEUDO_STATUS = 'queued'
+const PENDING_PSEUDO_STATUS = 'pending'
+
+/**
+ * A note about status logic for this component:
+ * Approved, Signed and Submitted statuses are all treated, effectively
+ * as pending. Transactions are only approved or signed for less than a
+ * second, usually, and ultimately should be rendered in the UI no
+ * differently than a pending transaction.
+ *
+ * Confirmed transactions are not especially highlighted except that their
+ * status label will be the date the transaction was finalized.
+ */
+const pendingStatusHash = {
+  [SUBMITTED_STATUS]: PENDING_PSEUDO_STATUS,
+  [APPROVED_STATUS]: PENDING_PSEUDO_STATUS,
+  [SIGNED_STATUS]: PENDING_PSEUDO_STATUS,
+}
 
 const statusToClassNameHash = {
   [UNAPPROVED_STATUS]: 'transaction-status--unapproved',
   [REJECTED_STATUS]: 'transaction-status--rejected',
-  [APPROVED_STATUS]: 'transaction-status--approved',
-  [SIGNED_STATUS]: 'transaction-status--signed',
-  [SUBMITTED_STATUS]: 'transaction-status--submitted',
-  [CONFIRMED_STATUS]: 'transaction-status--confirmed',
   [FAILED_STATUS]: 'transaction-status--failed',
   [DROPPED_STATUS]: 'transaction-status--dropped',
-  [CANCELLED_STATUS]: 'transaction-status--failed',
+  [CANCELLED_STATUS]: 'transaction-status--cancelled',
+  [QUEUED_PSEUDO_STATUS]: 'transaction-status--queued',
+  [PENDING_PSEUDO_STATUS]: 'transaction-status--pending',
 }
 
-const statusToTextHash = {
-  [SUBMITTED_STATUS]: 'pending',
-}
-
-export default class TransactionStatus extends PureComponent {
-  static defaultProps = {
-    title: null,
+export default function TransactionStatus ({ status, date, error, isEarliestNonce, className }) {
+  const t = useI18nContext()
+  const tooltipText = error?.rpc?.message || error?.message
+  let statusKey = status
+  if (pendingStatusHash[status]) {
+    statusKey = isEarliestNonce ? PENDING_PSEUDO_STATUS : QUEUED_PSEUDO_STATUS
   }
 
-  static contextTypes = {
-    t: PropTypes.func,
-  }
+  const statusText = statusKey === CONFIRMED_STATUS ? date : t(statusKey)
 
-  static propTypes = {
-    statusKey: PropTypes.string,
-    className: PropTypes.string,
-    title: PropTypes.string,
-  }
-
-  render () {
-    const { className, statusKey, title } = this.props
-    const statusText = this.context.t(statusToTextHash[statusKey] || statusKey)
+  return (
+    <span>
+      <Tooltip
+        position="top"
+        title={tooltipText}
+        wrapperClassName={classnames('transaction-status', className, statusToClassNameHash[statusKey])}
+      >
+        { statusText }
+      </Tooltip>
+      {' · '}
+    </span>
+  )
+}
 
-    return (
-      <div className={classnames('transaction-status', className, statusToClassNameHash[statusKey])}>
-        { statusToTextHash[statusKey] === 'pending' ? <Spinner className="transaction-status__pending-spinner" /> : null }
-        <Tooltip
-          position="top"
-          title={title}
-        >
-          { statusText }
-        </Tooltip>
-      </div>
-    )
-  }
+TransactionStatus.propTypes = {
+  status: PropTypes.string,
+  className: PropTypes.string,
+  date: PropTypes.string,
+  error: PropTypes.object,
+  isEarliestNonce: PropTypes.bool,
 }