It's been growing on one of my rocks and on my crushed coral substrate. It looks like bubble algae although I'm not 100% sure it is. If anyone can ID this it would be appreciated.
That's a macroalgae or some variety, probably a red or brown macroalage (currently leaning toward brown) - I might be able to ID it properly after it has grown a bit, but for now my best guesses would be something like Colpomenia sinuosa or Encephalophycus tuberculatus.