Surface Tension, James Blish, Galaxy Science Fiction, 1952.
From Wikipedia:
A human colonization ship crash-lands on a distant planet which is
Earth-like but whose only landmass is completely covered in shallow
puddles of water and mostly microscopic life forms. Normal humans
could not survive on this planet, so the crew must genetically
engineer their descendants into something that can survive. (Blish
coined the term pantropy to refer to this concept.) They create a race
of microscopic aquatic humanoids to complete their mission and
colonize the planet.
The majority of the story concerns one group of these genetically
engineered colonists and their intelligence, curiosity, and evolving
technology. In particular, the tiny aquatic humanoids develop a "space
ship", or rather "air ship", which enables them to pierce the
previously impenetrable surface tension of the water and travel
through what is, to them, hostile space—open air—to other worlds in
other puddles of water.
You can read it here.