diff --git a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/AssetNode.tsx b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/AssetNode.tsx
index 91bb9064f896a..a6f4f4793266b 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/AssetNode.tsx
+++ b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/AssetNode.tsx
@@ -8,7 +8,11 @@ import {AssetNodeMenuProps, useAssetNodeMenu} from './AssetNodeMenu';
 import {buildAssetNodeStatusContent} from './AssetNodeStatusContent';
 import {ContextMenuWrapper} from './ContextMenuWrapper';
 import {LiveDataForNode} from './Utils';
-import {ASSET_NODE_NAME_MAX_LENGTH} from './layout';
+import {
+  ASSET_NODE_NAME_MAX_LENGTH,
+  ASSET_NODE_STATUS_ROW_HEIGHT,
+  ASSET_NODE_TAGS_HEIGHT,
+} from './layout';
 import {gql} from '../apollo-client';
 import {AssetNodeFragment} from './types/AssetNode.types';
 import {withMiddleTruncation} from '../app/Util';
@@ -30,19 +34,23 @@ interface Props {
 
 export const AssetNode = React.memo(({definition, selected, kindFilter}: Props) => {
   const {liveData} = useAssetLiveData(definition.assetKey);
+  const hasChecks = (liveData?.assetChecks || []).length > 0;
+
+  const marginTopForCenteringNode = !hasChecks ? ASSET_NODE_STATUS_ROW_HEIGHT / 2 : 0;
+
   return (
     <AssetInsetForHoverEffect>
-      <Box
-        flex={{direction: 'row', justifyContent: 'space-between', alignItems: 'center'}}
-        style={{minHeight: 24}}
-      >
-        <StaleReasonsTag liveData={liveData} assetKey={definition.assetKey} />
-        <ChangedReasonsTag
-          changedReasons={definition.changedReasons}
-          assetKey={definition.assetKey}
-        />
-      </Box>
       <AssetNodeContainer $selected={selected}>
+        <Box
+          flex={{direction: 'row', justifyContent: 'space-between', alignItems: 'center'}}
+          style={{minHeight: ASSET_NODE_TAGS_HEIGHT, marginTop: marginTopForCenteringNode}}
+        >
+          <StaleReasonsTag liveData={liveData} assetKey={definition.assetKey} />
+          <ChangedReasonsTag
+            changedReasons={definition.changedReasons}
+            assetKey={definition.assetKey}
+          />
+        </Box>
         <AssetNodeBox $selected={selected} $isMaterializable={definition.isMaterializable}>
           <AssetNameRow definition={definition} />
           <Box style={{padding: '6px 8px'}} flex={{direction: 'column', gap: 4}} border="top">
@@ -59,16 +67,17 @@ export const AssetNode = React.memo(({definition, selected, kindFilter}: Props)
           </Box>
 
           <AssetNodeStatusRow definition={definition} liveData={liveData} />
-          {(liveData?.assetChecks || []).length > 0 && (
-            <AssetNodeChecksRow definition={definition} liveData={liveData} />
-          )}
+          {hasChecks && <AssetNodeChecksRow definition={definition} liveData={liveData} />}
         </AssetNodeBox>
-        <Box flex={{direction: 'row-reverse', gap: 8}}>
+        <Box
+          style={{minHeight: ASSET_NODE_TAGS_HEIGHT}}
+          flex={{alignItems: 'center', direction: 'row-reverse', gap: 8}}
+        >
           {definition.kinds.map((kind) => (
             <AssetKind
               key={kind}
               kind={kind}
-              style={{position: 'relative', paddingTop: 7, margin: 0}}
+              style={{position: 'relative', margin: 0}}
               currentPageFilter={kindFilter}
             />
           ))}
@@ -272,7 +281,7 @@ export const ASSET_NODE_FRAGMENT = gql`
 `;
 
 export const AssetInsetForHoverEffect = styled.div`
-  padding: 10px 4px 2px 4px;
+  padding: 2px 4px 2px 4px;
   height: 100%;
 
   & *:focus {
@@ -283,7 +292,7 @@ export const AssetInsetForHoverEffect = styled.div`
 export const AssetNodeContainer = styled.div<{$selected: boolean}>`
   user-select: none;
   cursor: pointer;
-  padding: 6px;
+  padding: 0 6px;
   overflow: clip;
 `;
 
@@ -307,6 +316,7 @@ export const AssetNodeBox = styled.div<{
   background: ${Colors.backgroundDefault()};
   border-radius: 10px;
   position: relative;
+  margin: 6px 0;
   transition: all 150ms linear;
   &:hover {
     ${(p) => !p.$selected && `border: 2px solid ${Colors.lineageNodeBorderHover()};`};
@@ -322,6 +332,7 @@ export const AssetNodeBox = styled.div<{
 const NameCSS: CSSObject = {
   padding: '3px 0 3px 6px',
   color: Colors.textDefault(),
+  fontSize: 14,
   fontFamily: FontFamily.monospace,
   fontWeight: 600,
 };
diff --git a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__fixtures__/AssetNode.fixtures.ts b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__fixtures__/AssetNode.fixtures.ts
index 959a3d4da23da..58fcb98da11d4 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__fixtures__/AssetNode.fixtures.ts
+++ b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__fixtures__/AssetNode.fixtures.ts
@@ -65,15 +65,7 @@ export const AssetNodeFragmentBasic: AssetNodeFragment = buildAssetNode({
   jobNames: ['job1'],
   opNames: ['asset1'],
   opVersion: '1',
-  changedReasons: [
-    ChangeReason.NEW,
-    ChangeReason.CODE_VERSION,
-    ChangeReason.DEPENDENCIES,
-    ChangeReason.PARTITIONS_DEFINITION,
-    ChangeReason.TAGS,
-    ChangeReason.METADATA,
-    ChangeReason.REMOVED,
-  ],
+  changedReasons: [],
 });
 
 export const AssetNodeFragmentSource = buildAssetNode({
@@ -88,6 +80,7 @@ export const AssetNodeFragmentSource = buildAssetNode({
 });
 
 export const AssetNodeFragmentSourceOverdue = buildAssetNode({
+  ...AssetNodeFragmentBasic,
   isMaterializable: false,
   isObservable: false,
   freshnessInfo: buildAssetFreshnessInfo({
@@ -95,6 +88,20 @@ export const AssetNodeFragmentSourceOverdue = buildAssetNode({
   }),
 });
 
+export const AssetNodeFragmentChangedInBranch = buildAssetNode({
+  ...AssetNodeFragmentBasic,
+  kinds: ['sql'],
+  changedReasons: [
+    ChangeReason.NEW,
+    ChangeReason.CODE_VERSION,
+    ChangeReason.DEPENDENCIES,
+    ChangeReason.PARTITIONS_DEFINITION,
+    ChangeReason.TAGS,
+    ChangeReason.METADATA,
+    ChangeReason.REMOVED,
+  ],
+});
+
 export const AssetNodeFragmentPartitioned: AssetNodeFragment = buildAssetNode({
   ...AssetNodeFragmentBasic,
   assetKey: buildAssetKey({path: ['asset_partioned']}),
@@ -789,6 +796,12 @@ export const AssetNodeScenariosBase = [
     definition: AssetNodeFragmentBasic,
     expectedText: ['Materialized', 'Checks'],
   },
+  {
+    title: 'Changed in Branch',
+    liveData: LiveDataForNodeMaterializedWithChecks,
+    definition: AssetNodeFragmentChangedInBranch,
+    expectedText: ['New in branch'],
+  },
 ];
 
 export const AssetNodeScenariosSource = [
@@ -801,10 +814,11 @@ export const AssetNodeScenariosSource = [
 
   {
     title: 'Source Asset - Not Observable',
-    liveData: undefined,
+    liveData: LiveDataForNodeNeverMaterialized,
     definition: {
       ...AssetNodeFragmentSource,
       isObservable: false,
+      isExecutable: false,
       id: '["source_asset_no"]',
       assetKey: buildAssetKey({path: ['source_asset_no']}),
     },
@@ -813,10 +827,11 @@ export const AssetNodeScenariosSource = [
 
   {
     title: 'Source Asset - Not Observable, No Description',
-    liveData: undefined,
+    liveData: LiveDataForNodeNeverMaterialized,
     definition: {
       ...AssetNodeFragmentSource,
       isObservable: false,
+      isExecutable: false,
       description: null,
       id: '["source_asset_nono"]',
       assetKey: buildAssetKey({path: ['source_asset_nono']}),
@@ -902,12 +917,27 @@ export const AssetNodeScenariosPartitioned = [
     expectedText: ['1,500 partitions', 'All'],
   },
 
+  {
+    title: 'Partitioned Asset - Checks and Tags',
+    liveData: {
+      ...LiveDataForNodePartitionedFresh,
+      assetChecks: LiveDataForNodeMaterializedWithChecks.assetChecks,
+    },
+    definition: {
+      ...AssetNodeFragmentPartitioned,
+      changedReasons: [ChangeReason.NEW],
+      kinds: ['ipynb'],
+    },
+    expectedText: ['1,500 partitions', 'All', 'Checks'],
+  },
+
   {
     title: 'Partitioned Asset - Last Run Failed',
     liveData: LiveDataForNodePartitionedLatestRunFailed,
     definition: AssetNodeFragmentPartitioned,
     expectedText: ['4', '999+', '1,500 partitions'],
   },
+
   {
     title: 'Partitioned Asset - Live Data Loading',
     liveData: undefined,
diff --git a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__stories__/AssetNode.stories.tsx b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__stories__/AssetNode.stories.tsx
index 8174a9b4febb1..0a763e2d9bc1c 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__stories__/AssetNode.stories.tsx
+++ b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/__stories__/AssetNode.stories.tsx
@@ -56,24 +56,32 @@ export const LiveStates = () => {
       <>
         <SetCacheEntry />
         <Box flex={{direction: 'column', gap: 8, alignItems: 'flex-start'}}>
+          <code>
+            <strong>{scenario.title}</strong>
+          </code>
           <div
             style={{
               position: 'relative',
               width: dimensions.width,
               height: dimensions.height,
+              background: `linear-gradient(to bottom, rgba(100,100,100,0.15) 49%, rgba(100,100,100,1) 50%, rgba(100,100,100,0.15) 51%)`,
               overflowY: 'hidden',
             }}
           >
             <AssetNode definition={definitionCopy} selected={false} />
           </div>
-          <div style={{position: 'relative', width: dimensions.width, height: 104}}>
-            <div style={{position: 'absolute', width: dimensions.width}}>
+          <div
+            style={{
+              position: 'relative',
+              width: dimensions.width,
+              background: `rgba(100,100,100,0.15)`,
+              height: 90,
+            }}
+          >
+            <div style={{position: 'absolute', width: dimensions.width, transform: 'scale(0.4)'}}>
               <AssetNodeMinimal definition={definitionCopy} selected={false} height={82} />
             </div>
           </div>
-          <code>
-            <strong>{scenario.title}</strong>
-          </code>
         </Box>
       </>
     );
@@ -109,7 +117,7 @@ export const Links = () => {
 };
 export const PartnerTags = () => {
   const caseWithComputeKind = (computeKind: string) => {
-    const def = {...Mocks.AssetNodeFragmentBasic, computeKind};
+    const def = {...Mocks.AssetNodeFragmentBasic, kinds: [computeKind]};
     const liveData = Mocks.LiveDataForNodeMaterialized;
 
     function SetCacheEntry() {
@@ -142,6 +150,7 @@ export const PartnerTags = () => {
               width: 280,
               height: dimensions.height,
               overflowY: 'hidden',
+              background: `linear-gradient(to bottom, transparent 49%, gray 50%, transparent 51%)`,
             }}
           >
             <AssetNode definition={def} selected={false} />
diff --git a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/layout.ts b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/layout.ts
index 17e0db7f2f637..56d9c67b07882 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/asset-graph/layout.ts
+++ b/js_modules/dagster-ui/packages/ui-core/src/asset-graph/layout.ts
@@ -71,7 +71,7 @@ export const Config = {
     nodesep: -10,
     nodeHeight: 'auto',
     groupPaddingTop: 65,
-    groupPaddingBottom: -15,
+    groupPaddingBottom: -4,
     groupRendering: 'if-varied',
     clusterpaddingtop: 100,
   },
@@ -86,7 +86,7 @@ export const Config = {
     edgesep: 10,
     nodeHeight: 'auto',
     groupPaddingTop: 55,
-    groupPaddingBottom: -5,
+    groupPaddingBottom: -4,
     groupRendering: 'if-varied',
   },
 };
@@ -338,7 +338,10 @@ export const extendBounds = (a: IBounds, b: IBounds) => {
 };
 
 export const ASSET_NODE_WIDTH = 320;
-export const ASSET_NODE_NAME_MAX_LENGTH = 38;
+export const ASSET_NODE_TAGS_HEIGHT = 28;
+export const ASSET_NODE_STATUS_ROW_HEIGHT = 25;
+
+export const ASSET_NODE_NAME_MAX_LENGTH = 31;
 
 export const getAssetNodeDimensions = (def: {
   assetKey: {path: string[]};
@@ -351,24 +354,19 @@ export const getAssetNodeDimensions = (def: {
   computeKind: string | null;
   changedReasons?: ChangeReason[];
 }) => {
-  const width = ASSET_NODE_WIDTH;
+  let height = 0;
 
-  let height = 106; // top tags area + name + description
+  height += ASSET_NODE_TAGS_HEIGHT; // top tags
 
-  if (!def.isMaterializable && def.isObservable) {
-    height += 30; // status row
-  } else {
-    height += 28; // status row
-    height += 28; // checks row
-    if (def.isPartitioned) {
-      height += 52;
-    }
-  }
-  if (def.changedReasons?.length) {
-    height += 30;
+  height += 76; // box padding + border + name + description
+
+  if (def.isPartitioned && def.isMaterializable) {
+    height += ASSET_NODE_STATUS_ROW_HEIGHT;
   }
 
-  height += 36; // tags beneath
+  height += ASSET_NODE_STATUS_ROW_HEIGHT; // status row
+  height += ASSET_NODE_STATUS_ROW_HEIGHT; // checks row
+  height += ASSET_NODE_TAGS_HEIGHT; // bottom tags
 
-  return {width, height};
+  return {width: ASSET_NODE_WIDTH, height};
 };
diff --git a/js_modules/dagster-ui/packages/ui-core/src/graph/asyncGraphLayout.ts b/js_modules/dagster-ui/packages/ui-core/src/graph/asyncGraphLayout.ts
index e278d8cd78ffc..5ecd65b65199a 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/graph/asyncGraphLayout.ts
+++ b/js_modules/dagster-ui/packages/ui-core/src/graph/asyncGraphLayout.ts
@@ -63,7 +63,7 @@ const _assetLayoutCacheKey = (graphData: GraphData, opts: LayoutAssetGraphOption
   }
 
   return `${JSON.stringify(opts)}${JSON.stringify({
-    version: 2,
+    version: 3,
     downstream: recreateObjectWithKeysSorted(graphData.downstream),
     upstream: recreateObjectWithKeysSorted(graphData.upstream),
     nodes: Object.keys(graphData.nodes)