Let $f(x,y):=\frac{2x^2y}{x^4 + y^2}$.
Let $g(x,y):=\frac{1}{2}f(x,y)$.
Let $h(x,y):=\frac{xy}{x^2+y^2}$.
Lemma 1:
$\lim_{(x,y) \to (0,0)}h(x,y)$ doesn't exist.
Proof of Lemma 1:
Assume that $\lim_{(x,y) \to (0,0)}h(x,y)$ exists.
If $x>0$ and $y>0$, then $h(x,y)>0$.
If $x<0$ and $y>0$, then $h(x,y)<0$.
So, $\lim_{(x,y) \to (0,0)}h(x,y)$ must be $0$.
If $(x,y)=(r\cos\theta,r\sin\theta)$, then $h(x,y)=h(r\cos\theta,r\sin\theta)=\cos\theta\sin\theta=\frac{1}{2}\sin(2\theta).$
$\frac{1}{2}\sin(2\theta)$ is not equal to $0$ for some $\theta$.
So, $\lim_{(x,y) \to (0,0)}h(x,y)$ is not $0$.
This is a contradiction.
So, $\lim_{(x,y) \to (0,0)}h(x,y)$ doesn't exist.
If $\lim_{(x,y) \to (0,0)}f(x,y)$ exists, then $\lim_{(x,y) \to (0,0)}g(x,y)$ exists.
So, if $\lim_{(x,y) \to (0,0)}g(x,y)$ doesn't exist, then $\lim_{(x,y) \to (0,0)}f(x,y)$ doesn't exist.
We prove that $\lim_{(x,y) \to (0,0)}g(x,y)$ doesn't exist.
Assume that $\lim_{(x,y) \to (0,0)}g(x,y)$ exist.
If $x\neq 0$ and $y>0$, then $g(x,y)>0$.
If $x\neq 0$ and $y<0$, then $g(x,y)<0$.
So, $\lim_{(x,y) \to (0,0)}g(x,y)$ must be $0$.
Let $\varepsilon$ be any positive real number.
Then there exists a positive real number $\delta$ such that $$0<\sqrt{x^2+y^2}<\delta\implies |g(x,y)|<\varepsilon.$$
Let $\delta^{'}:=\min(\frac{\delta^2}{2},1)$.
Let $(x,y)$ be an element of $\mathbb{R}^2$ such that $0<\sqrt{x^2+y^2}<\delta^{'}$.
- We consider the case in which $x\geq 0$.
$x\leq\sqrt{x^2+y^2}<\delta^{'}.$
$|y|\leq\sqrt{x^2+y^2}<\delta^{'}.$
$0<\sqrt{\sqrt{x}^2+y^2}=\sqrt{x+y^2}<\sqrt{\delta^{'}+(\delta^{'})^2}\leq\sqrt{2\delta^{'}}\leq\sqrt{2\frac{\delta^2}{2}}=\delta.$
So, $|h(x,y)|=|g(\sqrt{x},y)|<\varepsilon.$
- We consider the case in which $x\leq 0$.
$-x\leq\sqrt{x^2+y^2}<\delta^{'}.$
$|y|\leq\sqrt{x^2+y^2}<\delta^{'}.$
$0<\sqrt{\sqrt{-x}^2+y^2}=\sqrt{-x+y^2}<\sqrt{\delta^{'}+(\delta^{'})^2}\leq\sqrt{2\delta^{'}}\leq\sqrt{2\frac{\delta^2}{2}}=\delta.$
So, $|h(x,y)|=|-h(-x,y)|=|-g(\sqrt{-x},y)|=|g(\sqrt{-x},y)|<\varepsilon.$
So, $\lim_{(x,y) \to (0,0)}h(x,y)=0.$
By Lemma 1, this is a contradiction.
So, $\lim_{(x,y) \to (0,0)}g(x,y)$ doesn't exist.