diff --git a/src/shared/transactions.js b/src/shared/transactions.js
index ad45698..5f528eb 100644
--- a/src/shared/transactions.js
+++ b/src/shared/transactions.js
@@ -153,24 +153,38 @@ async function fetchRecentTransactions(address, blockscoutUrl, count = 25) {
 
     // When a token transfer shares a hash with a normal tx, the normal tx
     // is the contract call (0 ETH) and the token transfer has the real
-    // amount and symbol.  A single transaction (e.g. a swap) can produce
-    // multiple token transfers (one per token involved), so we key token
-    // transfers by hash + contract address to keep all of them.  We also
-    // preserve contract-call metadata (direction, label, method) from the
-    // matching normal tx so swaps display correctly.
+    // amount and symbol.  For contract calls (swaps), a single transaction
+    // can produce multiple token transfers (input, intermediates, output).
+    // We consolidate these into the original tx entry using the token
+    // transfer where the user *receives* tokens (the swap output), so
+    // the transaction list shows the final result rather than confusing
+    // intermediate hops.  We preserve the original tx's from/to so the
+    // user sees their own address, not a router or Permit2 contract.
     for (const tt of ttJson.items || []) {
         const parsed = parseTokenTransfer(tt, addrLower);
         const existing = txsByHash.get(parsed.hash);
         if (existing && existing.direction === "contract") {
-            parsed.direction = "contract";
-            parsed.directionLabel = existing.directionLabel;
-            parsed.isContractCall = true;
-            parsed.method = existing.method;
-            // Remove the bare-hash normal tx so it doesn't appear as a
-            // duplicate with empty value; token transfers replace it.
-            txsByHash.delete(parsed.hash);
+            // For contract calls (swaps), consolidate into the original
+            // tx entry.  Prefer the "received" transfer (swap output)
+            // for the display amount.  If no received transfer exists,
+            // fall back to the first "sent" transfer (swap input).
+            const isReceived = parsed.direction === "received";
+            const needsAmount = !existing.exactValue;
+            if (isReceived || needsAmount) {
+                existing.value = parsed.value;
+                existing.exactValue = parsed.exactValue;
+                existing.rawAmount = parsed.rawAmount;
+                existing.rawUnit = parsed.rawUnit;
+                existing.symbol = parsed.symbol;
+                existing.contractAddress = parsed.contractAddress;
+                existing.holders = parsed.holders;
+            }
+            // Keep the original tx's from/to (the user's address and the
+            // contract they called), not the token transfer's from/to
+            // which may be a router or Permit2 contract.
+            continue;
         }
-        // Use composite key so multiple token transfers per tx are kept.
+        // Non-contract token transfers get their own entries.
         const ttKey = parsed.hash + ":" + (parsed.contractAddress || "");
         txsByHash.set(ttKey, parsed);
     }
diff --git a/src/shared/uniswap.js b/src/shared/uniswap.js
index 1374477..55ecb2c 100644
--- a/src/shared/uniswap.js
+++ b/src/shared/uniswap.js
@@ -359,9 +359,12 @@ function decode(data, toAddress) {
                     const s = decodeV3SwapExactIn(inputs[i]);
                     if (s) {
                         if (!inputToken) inputToken = s.tokenIn;
-                        if (!outputToken) outputToken = s.tokenOut;
                         if (!inputAmount) inputAmount = s.amountIn;
-                        if (!minOutput) minOutput = s.amountOutMin;
+                        // Always update output: in multi-step swaps (V3 → V4),
+                        // the last swap step determines the final output token
+                        // and minimum received amount.
+                        outputToken = s.tokenOut;
+                        minOutput = s.amountOutMin;
                     }
                 }
 
@@ -369,9 +372,9 @@ function decode(data, toAddress) {
                     const s = decodeV2SwapExactIn(inputs[i]);
                     if (s) {
                         if (!inputToken) inputToken = s.tokenIn;
-                        if (!outputToken) outputToken = s.tokenOut;
                         if (!inputAmount) inputAmount = s.amountIn;
-                        if (!minOutput) minOutput = s.amountOutMin;
+                        outputToken = s.tokenOut;
+                        minOutput = s.amountOutMin;
                     }
                 }
 
@@ -388,12 +391,11 @@ function decode(data, toAddress) {
                     const v4 = decodeV4Swap(inputs[i]);
                     if (v4) {
                         if (!inputToken && v4.tokenIn) inputToken = v4.tokenIn;
-                        if (!outputToken && v4.tokenOut)
-                            outputToken = v4.tokenOut;
                         if (!inputAmount && v4.amountIn)
                             inputAmount = v4.amountIn;
-                        if (!minOutput && v4.amountOutMin)
-                            minOutput = v4.amountOutMin;
+                        // Always update output: last swap step wins
+                        if (v4.tokenOut) outputToken = v4.tokenOut;
+                        if (v4.amountOutMin) minOutput = v4.amountOutMin;
                     }
                 }