Base metal pastes have been widely used in the preparation of ZnO varistor electrodes, and it is important to accurately grasp the relevant mechanisms affecting the conductivity of aluminum electrodes. In this paper, the effect of adding sodium carbonate on the conductive property of aluminum paste was assessed, and the microscopic mechanism during aluminum electrode sintering explored. The results show that adding sodium carbonate can reduce the softening point of glass powder and enhance its fluidity. Sodium carbonate, glass, and aluminum oxide film react together; consequently, the aluminum oxide film is partially dissolved by reaction to produce defects, and there is tight contact at the interface between the aluminum powder particles. The sodium ions will displace the aluminum ions in the alumina, conferring the alumina film with a certain ionic conductivity. At the same time, sodium ions are doped into the aluminum lattice, which causes the aluminum lattice to swell. After sintering, the structure of aluminum electrode is compact and its electrical conductivity is significantly improved. This study is a valuable reference for the theoretical research and the potential applications of aluminum paste.