In the form of Zip disks, yes. I’m reasonably sure 3.5” disks, the last thing to be called “floppies”, topped out at 2.88M.
If Zip disks, CD-R and USB flash drives hadn't showed up, these drives would have been pretty widely recognized as the next generation of floppies.
"Ordinary" floppies peaked in 1988 (yes, before IBM 1990 PS/2 2.88 ED) with 'Triple' or '2TD' format developed and shipped by NEC inside PC-88 VA3. 13MB unformatted, _9,120 kB_ formatted capacity. Triple because it tripled track density from 80 to 240 while reusing ED barium ferrite magnetic media and perpendicular recording head of ED drive, same ~100KB/s speed.
https://necretro.org/PC-88_VA3
https://en.wikipedia.org/wiki/List_of_floppy_disk_formats#:~...
It had a 'click of death'-like failure like Zip did though, and lost the battle during its recall and redesign. (IOMEGA were lucky in that the click of death didn't really kill Zip's market until about the time that CDR/CDRW was beating them anyway)