Golden Finance reports that the crypto payment provider Alchemy Pay has announced plans to launch its own L1 public chain, stating that the blockchain will target large-scale commercial applications. This L1 blockchain will be called Alchemy Chain and will be built on the Solana (SOL) virtual machine architecture. According to the announcement on December 11, the new L1 will provide a payment system that allows users to conduct transactions using both fiat currency and cryptocurrency.