Naphthalene is more reactive towards electrophilic substitution reactions than benzene.
On a quick glance you might think that as 10 pi electrons are delocalized on 10 carbon atoms in case of naphthalene, it should have resonance energy per bond similar to that of benzene and thus making both equally active towards electrophiles. But in practise it is observed that naphthalene is more active towards electrophiles.
This is because the delocalization in case of naphthalene is not as efficient as in benzene. Unlike in case of benzene all pi electrons of naphthalene are not equally delocalized on the 10 carbons. This fact becomes quite evident after one draws all the major canonical structures of naphthalene.
The two structures on the left
have one discrete benzene ring each, but may also be viewed as
10-pi-electron annulenes having a bridging single bond. The structure
on the right has two benzene rings which share a common double bond.
From heats of hydrogenation or combustion, the resonance energy of
naphthalene is calculated to be $\pu{61 kcal/mol}$, $\pu{11 kcal/mol}$ less than
that of two benzene rings ($2 \times 36)$. As expected from an average of the
three resonance contributors, the carbon-carbon bonds in naphthalene
show variation in length, suggesting some localization of the double
bonds. The $\ce{C^1{–}C^2}$ bond is $\pu{1.36 Å}$ long, whereas the $\ce{C^2{–}C^3}$ bond length is
$\pu{1.42 Å}$. This contrasts with the structure of benzene, in which all the $\ce{C–C}$ bonds have a common length, $\pu{1.39 Å}$.
As one can see, the 1-2 bond is a double bond more times than not. Similarly, the 2-3 bond is a single bond more times than not. This shows that pi electrons are not equally delocalized in naphthalene and thus causing the 1-2 bond order to be near 1.67 and the 2-3 bond order to be near 1.33, contrasting to equal bond order of 1.5 among all bonds in case of benzene.
This partial localization of pi electrons increases the nucleophilicity of naphthalene and thus makes it more active towards electrophiles than benzene.
Reference:
(1) Reactions of Fused Benzene Rings
https://chem.libretexts.org/@go/page/1206
(accessed Jun 13, 2021).