The game’s name is Deepsea. You control a jellyfish with the stylus and guide the jelly through a randomly-generated world, fighting enemies by colliding with them.
The current area is fairly small (5×5) and will probably be the world size on Easy mode. There’ll be enemies and bosses and other gameplay elements added in later.

AEP-Emu (DE/EN)
DMG Page (DE)
Indie Retro News (EN)
Retroguru (EN)